
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

Williamslester Brilliant Accounting Services
Our range of services are provided by fully qualified and experienced staff who always monitor, advise and review both new and existing clients. This ...See More
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MARLIS BOOKKEEPING & ACCOUNTANCY
The team comprises of Marion and Lisa, a mother and daughter combination, who offe...

TKI Bookkeeping & Accounts
Hello and welcome to my site, I am qualified by the The Institute of Certified Bookkeepers and have attained highest level qualification, Level 4 Dipl...See More
HUBBLE ACCOUNTANCY LTD
This listing was generated using publicly available data to enhance visibility for businesses. If this is your business, claim your profile to update details.

Kings Oak Accountancy
Accountants based in Bristol, Bath & Somerset providing accounting and tax services to small and medium size owner-managed businesses. Our services in...See More

KINGS OAK ACCOUNTANCY (SOMERSET) LTD
We are a small firm of Accountants based in Somerset. Michael is a fellow of the Chartered Institute of Management Accounting with over 30 years expe...See More

Woody's Payroll & Bookkeeping Services
Here at Woody's we have years of experience in providing a dedicated, professional and highly personal service to our clients. We offer a wide range o...See More
Purnells - Licensed Insolvency Practitioners
As insolvency practitioners we also specialise in interpreting the legislation set out in The Insolvency Act 1986, The Insolvency (England and Wale...

Bell Stanley Accountants
Welcome to Bell Stanley Accountants page.
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R Albert Accountancy Ltd
We are an AAT Licensed accountancy practice providing a professional and friendly service. A new accountancy practice offering fantastic one to one s...See More

Financial Claims Consultants
Financial Claims Consultants offer No Win No Fee Pension Claims – we help clients&...
Modus Accountants Limited
Whether you are looking for advice, inspiration, accountancy services or all three, our integrated services will provide as much or as little su...See More

MRC Accounting Services
Providing accounting services and solutions

SG CONTRACTOR ACCOUNTING LIMITED
SG Accounting was established in 1995 to service the accountancy and taxation needs of professional contractors and freelancers. We are based in Winc...See More

Capital Accountancy - Accountants & Tax Advisors
WE at CAPITAL ACCOUNTANCY specialises in helping small-to-medium sized businesses, sole traders, contractors and landlords. We make sure you pay the r...See More

Naseems Accountants
Established in 1978, Naseems Accountants is a small but growing business with our clients doubled over the last decade. We honor ourselves in ou...See More
AMSTOR ACCOUNTANTS LIMITED
Amstor Accountants Limited T/A Premier Accountants, Auditors and Tax Advisers want to help you pay less tax and keep more of the profit your business ...See More
Frequently asked questions
What specific tax reliefs can an accountant claim for a doctor?
A specialist accountant can identify reliefs such as expenses for professional memberships, medical defence premiums, travel between work sites, and home office costs. They will also ensure you claim the correct personal allowance and pension contributions. For locum doctors, they can accurately deduct agency fees and equipment costs, significantly reducing your overall tax liability whilst remaining fully compliant with HMRC regulations.
How does an ACCA or ICAEW qualified accountant help with HMRC enquiries?
If HMRC opens an enquiry into your tax return, an ACCA or ICAEW qualified professional acts as your authorised agent. They handle all correspondence, prepare the necessary evidence, and negotiate on your behalf. Their technical expertise ensures that your rights are protected and that any settlement is fair. This professional representation reduces your stress and provides a strategic defence against any potential penalties or interest charges.
Should I register for VAT if I have a private medical practice?
VAT registration is mandatory if your taxable turnover exceeds the current threshold. However, many medical services are exempt from VAT, which creates complex rules. An accountant will analyse your income streams to determine if registration is beneficial or compulsory. They will advise on whether you can recover input VAT on practice expenses and manage the quarterly returns efficiently, ensuring you do not overpay or fall foul of HMRC requirements.
What is the difference between a Self Assessment tax return and a Corporation Tax return?
A Self Assessment tax return is used by sole traders, partners, and individual doctors to report personal income and capital gains to HMRC. In contrast, a Corporation Tax return is required for limited companies, such as a private practice incorporated as a limited liability partnership or company. Your accountant will prepare the correct returns based on your business structure, ensuring all profits are declared accurately and the appropriate taxes are paid on time.
How can an accountant help me with my NHS pension annual allowance?
The NHS pension annual allowance can trigger significant tax charges if your total pension input exceeds the standard limit. A specialist accountant will calculate your pension growth, assess any tapered annual allowance, and identify if you have unused allowances from previous years. They will help you plan your contributions and potentially arrange for the scheme pays election, mitigating unexpected tax bills and preserving your retirement benefits.
What records should I keep for my accountant to prepare my accounts?
You should maintain a detailed record of all income, including payslips, private practice invoices, and interest statements. For expenses, keep receipts for travel, equipment, professional subscriptions, and any training courses. A logbook for mileage is essential. Your accountant will also require bank statements and details of any personal drawings. Using accounting software can simplify this process, allowing your accountant to access real-time data and provide proactive advice throughout the year.
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