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The Business of Healthcare Podcast with Tara Humphrey

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  2. #33: Your End of Financial Year Checklist with James Gransby

#33: Your End of Financial Year Checklist with James Gransby

Mar 19, 2020

Please note: This episode was recorded before Covid-19 impacted the UK. Some of you may have some time on your hands at the moment to get your finances in order and if so, this one is for you.

 

Get practical advice on your finances from James Gransby, Partner at RSM Accountants. RSM provide a host of services including audit and insurance, legal accountancy, tax and other financial services. James looks after 300 GP Practices nationally and 2200 GPs. He works just with GPs and Surgeons and is also Director of The Association of Independent Specialist Medical Accountants (AISMA) that acts for 50% of GPs in the country.

 

With the end of financial year coming up, James joins me today to give us a checklist of things we could be doing to make that period a little less stressful. He talks us through cut-off periods for invoices, how important having regular bank reconciliations are. The benefits of having a payroll cut-off, benchmarking and tax planning. He touches on the added value of what accountants can do for you that you can’t do yourself.

 

“As accountants get to know you and your business, we can provide business advice, productive comments where we can add value.” – James Gransby

 

This week on The Business of Healthcare:

  • What an end of year checklist looks like to make life easier.
  • How you can manage your money efficiently and sustainably.
  • How to implement cut off periods for invoices.
  • The benefits of having regular bank reconciliations.
  • How accountants can add value with benchmarking and tax planning.
  • Where you can save time with accurate descriptions of expenses.
  • Advice on how often you should look at your bank account.
  • The added value of having an accountant.

 

Connect with James Gransby:

 

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