
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

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

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

MAKESWORTH LIMITED
Makesworth
Accountants is an award-winning accountancy practice of Chartered
Certified Accountants tax and business advisors. We a...
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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

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

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

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

EXPEDIENT ACCOUNTANCY
Expedient Accountancy Limited provides a wide range of expert accounting services. We are a partnership of 3 Chartered Certified Accountants with more...See More

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

Hayes Accountants
Hayes Accountancy is your local accountancy service provider & part of the group BNW Accountants & Tax Consultants. We offer high-quality accounting a...See More

City Tax London
City Tax London provides unparalleled personalized accounting services and th...

Not Just Bookkeeping Ltd
Friendly Consulting offers a wide range of consulting services for several indu...
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Financial Partnership London
The Financial Partnership LLP, London, is a young, dynamic and innovative firm of Accountants & Business Advisors who can help improve the performance...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

DIrect Assist accountants Ltd
Direct Assist accountants Ltd is one of the fastest growing chartered accountants firm serving businesses and individuals from different industries fr...See More
Frequently asked questions
What specific tax reliefs can a doctor claim through their accountant?
Doctors can claim relief on expenses such as professional subscriptions, indemnity insurance, medical equipment, and conference fees. An accountant who specialises in medical finances will ensure you claim every allowable deduction, including costs for home working and travel between sites. They will also help you claim capital allowances on expensive equipment, ensuring your tax bill is as low as possible while remaining fully compliant with HMRC rules.
How can an accountant help with my Self Assessment tax return?
An accountant will prepare and submit your Self Assessment tax return accurately and on time, avoiding late filing penalties. They will review your income from all sources, including NHS salary, private practice, and locum work, and ensure that all allowable expenses are deducted. They can also advise on payments on account and help you plan for your tax bill, so there are no surprises at the end of the tax year.
What is the difference between an ACCA and an ICAEW accountant?
Both ACCA and ICAEW are prestigious accountancy bodies with rigorous qualification processes. ACCA (Association of Chartered Certified Accountants) has a global focus, while ICAEW (Institute of Chartered Accountants in England and Wales) is highly regarded in the UK. Both require ongoing professional development and adherence to strict ethical guidelines. The choice often comes down to personal preference, but either ensures a high level of competence and professionalism.
Do I need to register for VAT if I run a private medical practice?
If your taxable turnover exceeds the VAT registration threshold, which is currently £90,000, you must register for VAT with HMRC. An accountant can help you monitor your turnover and decide whether voluntary registration is beneficial, especially if you incur significant VAT on business expenses. They will manage your VAT returns and ensure you claim input tax correctly, keeping your practice compliant and efficient.
How can an accountant help with Corporation Tax if I incorporate my practice?
If you operate your medical practice through a limited company, you will need to pay Corporation Tax on your profits. An accountant will help you choose the right accounting period, calculate your tax liability, and submit your Company Tax Return to HMRC. They will also advise on salary versus dividend extraction, pension contributions, and other strategies to minimise your tax burden while staying within the law.
What should I look for when choosing an accountant for my medical practice?
Look for an accountant who has experience working with doctors and understands the unique financial landscape of the medical profession. Check their qualifications, such as ACCA, ICAEW, or AAT, and ensure they are registered with a recognised body. Read client reviews and ask about their fee structure. A good accountant will offer proactive advice, be responsive to your queries, and have a clear understanding of HMRC requirements.
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