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At the heart of general practice since 1960

Managing Money for General Practitioners (second edition)

The new version of this financial manual for general practice provides everything you need to know about acountants, premises and tax in all its various forms

The new version of this financial manual for general practice provides everything you need to know about acountants, premises and tax in all its various forms

I am frequently asked the question, how do GPs get paid?' by medical and pharmacy students when they are visiting the practice for teaching.

My usual answer is that it is very complicated and that is why we have practice managers and accountants.

I then usually retell the old joke:

Q - How many accountants does it take to change a light bulb?

A – What sort of figure did you have in mind, sir?

Now having read this book I could probably give them a less evasive answer.

The second edition is a revision and update of the first and is written by experts several of whom are members of the Association of Independent Specialist Medical Accountants.

It gives fairly comprehensive coverage on the financial issues of general practice.

Topics include partnership agreements, practice accounts, practice premises, pensions, tax in its various forms and forward planning. It ends with 'tit-bits' and 'horror stories'.

Some of the chapters and sections will not be relevant to some GPs such as VAT, dispensing and practice based commissioning.

Throughout the book the use of tables and worked examples helps you to relate the advice to your own circumstances.

It also has benchmarking statistics for 2007/8 for the different countries of the UK and as ever we Scots come out as the poor cousins, but hey, it's all about balancing quality of life and work!

After finishing the book it is winging its way to the practice manager's desk and I will also discuss perhaps having an away day with the partners and accountant.

Dr Iain Henderson

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