Medical Practitioners
We understand the unique challenges faced by medical practitioners in managing their finances while delivering exceptional patient care. With our specialised expertise in accounting and financial services tailored for healthcare professionals, we are committed to supporting your practice’s success.
Your trusted partner in accounting
Recognising that no two medical practices are alike, we adopt a highly personalised approach to our services, custom-tailoring solutions to align seamlessly with your unique objectives and challenges. Whether you’re a solo practitioner, part of a group practice, or oversee a bustling healthcare facility, our suite of comprehensive services is designed to accommodate your distinct needs, providing you with the tools and support necessary to realise your practice’s full potential.
Our team of seasoned professionals bring together a wealth of experience and specialised expertise in medical practice accounting, uniquely positioned to navigate the complexities of your financial landscape with precision and proficiency.
Xeinadin act as accountants and tax advisors for a significant number of medical practitioners and consultants and has done for over 20 years. Due to our extensive experience, we understand the specific tax and accounting issues faced by the medical profession.
We have presented on a number of these areas far in advance of general awareness of their existence – these include:
- Pension issues that exist in the area of tax relief of Occupational v Private Pension contributions and the options that are open to you. An accountant should always be in a position to advise on the type of pension structure RAC / PRSA / GMS for example not necessarily the institution you invest with. We have an excellent understanding of this area.
- Locums in an effort to avoid this employment situation have on a number of occasions set up companies (incorporated). There are potential Vat implications here which need to be considered for both the Medical Practice and the locum’s new company.
- Revenue audits and how to avoid them using good house-keeping such as filing returns on time, paying taxes in a timely manner and staying aware of changes in your business sector.
- Engagement of locums – Revenue have taken an aggressive approach, insisting that the majority of locums should be regarded as ‘employees’ of the practitioner. This involves deduction of tax and PRSI/USC but also gives rise to additional costs such as Employers PRSI and Holiday Entitlements. In our initial presentations on this back in 2009 we were meet with significant resistance from practitioners but this has happened and although it has caused huge difficulties for many GP, pharmacy practices, veterinary surgeries and more recently dentists these professions have with the help of their agents adjusted to the change.
- Specific business advice based on client requirements. We are always here to help based on our client’s needs. We also keep proper books and records.
How Xeinadin can support you
Contact our medical practitioner specialists
Conor Dillon
Hub Managing PartnerBallsbridge
Alan Connolly
Hub Managing PartnerNorthwood Dublin
Abina Kenneally
PartnerCork
Daniel O’Brien
PartnerBallsbridgeWhy choose Xeinadin?
Industry Knowledge
Our team possess deep insights into the intricacies of medical practice accounting. We stay updated with the latest regulatory changes and industry trends to provide you with accurate and compliant financial solutions.
Personalised Services
We know that every medical practice is unique. That’s why we offer personalised accounting services tailored to your specific needs and goals. Whether you’re a sole practitioner, part of a group practice, or managing a healthcare facility, we adapt our services to suit your requirements.
Efficiency and Accuracy
You can trust in the precision and efficiency of our accounting processes. We leverage advanced technologies and best practices to streamline your financial operations, allowing you to focus on delivering quality patient care.
Comprehensive Solutions
From bookkeeping and tax planning to payroll management and financial reporting, we offer a comprehensive suite of services designed to meet all your accounting needs. Our goal is to provide you with holistic financial support, enabling you to optimise your practice’s performance.
Client-Centric Approach
We prioritise client satisfaction above all else. We take the time to understand your challenges, goals, and aspirations, building long-term relationships based on trust, integrity, and mutual respect.
Local Presence
With offices throughout the Republic of Ireland, we are well-positioned to serve medical practitioners across the country.
Book a meeting
Book a free, no-obligation chat with our experts where we find out a bit more about your business, explain our services, and how we could work with you.
Related Insights
Budget 2025, Your FAQs Answered
Following the Budget 2025 this week, our Head of Tax for Ireland, Dave O’Brien, has recorded a 15 minute webinar answering FAQs from our clients. Included in the video, are questions and answers to the below: Download our full budget summary
Read more
Request a call back from one of our experts
Leave us your details and a member of our team will contact you.
This website uses cookies
With these cookies, we and third parties can collect information about you and your internet behaviour, both within and outside our website. Based on this, we and third parties adjust the website, our communication, and advertisements to your interests and profile. You can read more information in our cookie statement.
Functional cookies are essential for the proper functioning of our website. They allow us to enable basic functions such as page navigation and access to secure areas. These cookies do not collect personal information and cannot be disabled.
Analytical cookies help us gain insight into how visitors use our website. We collect anonymised data about page interactions and navigation, enabling us to continuously improve our site.
Marketing cookies are used to track visitors when they visit different websites. The goal is to display relevant advertisements to the individual user. By allowing these cookies, you help us show you relevant content and offers.