Our accounting services cover the full life of a pharmacy business, not just year-end filing. Whatever your accounting needs, from a single self-assessment to a group of pharmacy chains, we scale accordingly.

• Bookkeeping, financial records and management accounts
• NHS income reconciliation and profitability analysis
• VAT returns, mixed supply treatment and expert VAT advice
• Payroll for pharmacy staff and locum costs
• Tax returns, tax planning and capital allowances
• Business structure advice, including salary versus dividends
• Stock valuation and inventory management
• Financial planning for acquisitions, sales and new pharmacy openings

Most start with bookkeeping and VAT, then expand accounting services as things grow.

Sole trader, partnership, or limited company each carry different tax liabilities, admin, and exposure if something goes wrong. A single locum pharmacist often does fine as a sole trader, while a pharmacy owner running several branches is usually better off incorporated, for tax efficiency and legal separation.

Once you're incorporated, the salary versus dividends question comes up every year, reviewed annually since last year's numbers rarely stay optimal. Pharmacies operate a business model that blends retail sales with NHS reimbursement, unlike almost any other high street business, which is why business structure decisions need pharmacy-specific input, not a template answer.

Buying an existing pharmacy means digging into its real financial performance, not just what the seller tells you. We handle due diligence, valuation, and goodwill, whether it's an established pharmacy business or your first branch, and pharmacy preparation matters most here since funding applications and forecasts need to be ready before an offer goes in.

Running more than one branch makes multi-pharmacy accounting its own challenge, so we build branch-by-branch profitability reporting to show which locations carry the group, whether independent pharmacies or chain pharmacies across the pharmaceutical industry. Regulatory requirements around GPhC registration and CQC compliance sit alongside financial reporting. Selling a pharmacy brings its own tax questions around capital gains tax and sale structure, and we start planning well before market, since groundwork usually needs a year or more to pay off.

We work exclusively with pharmacy owners, locum pharmacists, and healthcare professionals across the healthcare sector, so pharmacy accounting isn't a side interest here. Pharmacy accountants aren't all the same, and the difference shows in how quickly NHS income gets reconciled. Our dedicated team of expert accountants knows NHS payment schedules, drug tariff pricing, and pharmacy-specific rules, dealing with them weekly. Pharmacist accountants who split time across unrelated industries can't keep pace with NHS funding changes, which is why specialist pharmacy accountants matter from day one, avoiding the mistakes of switching midway from a generalist.

As an accountancy firm built around pharmacy, we provide personalised and bespoke services, whether you run a single independent pharmacy or a group, with tailored solutions instead of one-size-fits-all, backed by in-depth knowledge of how the pharmacy sector and healthcare providers get paid.

We aim to be a trusted partner, not just the person who files your accounts once a year, giving proactive advice rather than waiting to be asked, backed by years of providing accounting support to the pharmacy sector, so nothing about NHS reimbursement catches us off guard. Ensuring compliance across tax, payroll and VAT is the baseline; regulatory requirements shift often, so we track updates to keep your pharmacy compliant. Changes to NHS funding or tax law get flagged before they become a problem, so you can make informed decisions in time.