
ACCOTAX - Accountants & Tax Consultants
Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More

MARK SASTA & ASSOCIATES
Mark Sasta & Associates Ltd is a member firm of the Institute of Chartered&nbs...

BLUEBIRD ACCOUNTANCY LIMITED
Bluebird Accountancy was created with the needs of modern day contractors and freelancers like you in mind. With modern day accountancy software makin...See More

MAKESWORTH LIMITED
Makesworth
Accountants is an award-winning accountancy practice of Chartered
Certified Accountants tax and business advisors. We a...
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KUBED SOLUTIONS LIMITED
Gouri Kubair, the founding director of the business has over a decade of experience in the field of accountancy. Including 8 years in Deloitte, ...See More

Numerii Ltd
Informed financial support for your business. We are a small, friendly and highly motivated team who offer a professional and efficient service to our...See More

Yourtaxhelp
Our motto is “Accountants and Tax Advisers with simple technology”. We will not stop being innovative or using cutting edge technology to help you out...See More

Taxeasy Ltd
TaxEasy Ltd is an experienced and proactive firm of certified accountants and bookkeepers offering high quality accounting services to clients through...See More

MINT FORMATIONS LTD
We have over 100 years of combined industry experience, having worked with hundreds of startups and small businesses in every industry imaginable. We ...See More

SJD ACCOUNTANCY LIMITED
SJD Accountancy is the UK’s largest specialist provider of fixed fee, limited company accountancy services to contractors and freelancers; we’ve been ...See More

ION Chartered Accountant
ION Chartered Accountants are a boutique accountancy and consulting practice that supports small and medium enterprises in a wide range of business se...See More

Clear House Accountants
Clear House Accountants are Performance-driven Business Accountants in London. We are Chartered Accountants focused on helping startups and small bus...See More

GOFORMA LIMITED
GoForma is a trusted team of accountants in UK, helping contractors, freelancers, sole&...

Not Just Bookkeeping Ltd
Friendly Consulting offers a wide range of consulting services for several indu...
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MADE SIMPLE GROUP LIMITED
Founded in 2003, we've formed over 1 million companies and helped thousands of business owners start, run and grow their business. We help you form ...See More

TIDE PLATFORM LTD
Tide is about doing what you love We believe the world would be a better place if more people gave it a shot. It’s why we’re building a modern busin...See More

Persona Finance
Persona Finance is a London accounting company with an office at 63/66 Hatton Garden in London. Due to the lock-down, we are happy to provide ou...See More

1ST FORMATIONS LIMITED
1st Formations is a leading online company formation agent in the UK. We offer a comprehensive selection of company registration packages and address ...See More
Frequently asked questions
What specific tax issues do accountants for doctors handle?
Accountants for doctors typically manage self-assessment tax returns, NHS pension scheme complexities, and allowable expense claims. They also advise on income from private practice, locum work, and partnership structures. Their expertise ensures that you comply with HMRC regulations while optimising your tax position, and they can help with VAT registration if your earnings exceed the threshold.
How do I choose a qualified accountant for my medical practice?
Look for accountants who hold recognised qualifications such as ACCA, ICAEW, or AAT, as these demonstrate a high level of professional competence. It is also important to choose someone with experience in the healthcare sector, as they will understand the unique financial challenges you face. Review their client testimonials and ask about their familiarity with HMRC requirements for doctors.
Can an accountant help me with my NHS pension scheme?
Yes, an experienced accountant can provide valuable guidance on how your NHS pension interacts with your tax position. They can help you understand annual allowance charges, calculate your pension contributions, and advise on tax-efficient strategies. This is particularly important for consultants and GPs who may be at risk of exceeding the annual allowance and incurring additional tax liabilities.
What is the difference between a tax return and a self assessment?
A tax return is the formal document you submit to HMRC each year, while Self Assessment is the system HMRC uses to collect tax on income that is not automatically taxed. For doctors with multiple income streams, completing a Self Assessment tax return is often necessary. An accountant can prepare and file this on your behalf, ensuring accuracy and timeliness.
Are accountants for doctors regulated by a professional body?
Yes, most reputable accountants are regulated by bodies such as the ICAEW, ACCA, or AAT. These organisations enforce strict ethical and professional standards, which means you can trust that your accountant will act in your best interest. Regulation also requires ongoing training and adherence to anti-money laundering rules, providing you with additional protection.
How often should I meet with my accountant?
It is advisable to meet with your accountant at least twice a year, typically before the tax year end and before the Self Assessment deadline. However, you may need more frequent contact if your financial situation changes, such as starting a new practice or taking on additional income. Regular communication ensures that you remain compliant and can plan effectively.
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