
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

GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More

LLOYDS ACCOUNTANTS LTD
We offer accounts, taxation and business advisory and support services to a wide range of businesses and individuals, nationwide. We continue to build...See More

Holden Associates
Holden Associates are a family run business founded in 2002, we are located at V12, Merlin Park, a modern purpose-built office in Burscough, Lancashir...See More

C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken

PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...See More

NIXON WILLIAMS LIMITED
Nixon Williams has been providing specialist accountancy services to contractors, freelancers, consultants and interim professionals throughout the UK...See More
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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BROOKSON LIMITED
Why Brookson? There are plenty of reasons. We’re specialists at dealing with self-employed finances, and have been doing this for over 20 years, so we...See More

Athena Bookkeeping Services
Athena Accounting and Bookkeeping Services. ?Let us take good care of your finances giving you more time to focus on the day to day running of your bu...See More

GORILLA ACCOUNTING LIMITED
orilla Accounting was born after a group of specialist accountants with decades of experience amongst them, decided that accounting shouldn’t be a lab...See More
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...See More

MJF ACCOUNTANCY LIMITED

Clarity Accountants
We work closely with our clients and act for a broad range of business and personal clients. Apart from the more general accountancy services we can a...See More
Sambhav Management Limited
Since 2012, we’ve offered clients the tools, resources and guidance necessary for all their accounting needs. Clients receive the personalized attenti...See More

Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...See More
ACCOUNTS 2U LIMITED
Our director, Howard Turner MAAT ATT, qualified as an accounting and taxation technician in 1995 after training with chartered accountants in Cheshire...See More
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Norbury Bookkeeping Services
We offer a complete bookkeeping and computerized payroll service throughout Cheshire and South Manchester and are able to offer support for all financ...See More

Oakes Accounting
Oakes Accounting specializes in providing tailor made accounting services, including bookkeeping, VAT and self assessment to small businesses.
Frequently asked questions
What specific services do accountants for doctors provide?
Accountants for doctors typically offer services such as preparing Self Assessment tax returns, managing payroll for practice staff, advising on pension contributions and annual allowance issues, and structuring your practice finances efficiently. They also assist with VAT returns if your practice is VAT-registered, provide Corporation Tax advice for limited companies, and offer tax planning strategies to minimise your liabilities. Their expertise is tailored to the unique income patterns and expenses that doctors encounter.
How do I choose the right accountant for my medical practice?
When selecting an accountant, look for qualifications from recognised bodies such as ACCA, ICAEW, or AAT, and check their experience with medical clients. It is also important to consider their communication style and whether they offer proactive advice. You should ask about their familiarity with NHS pension schemes and locum work, as these areas require specialist knowledge. Reading client testimonials and comparing providers on directories like AccountingFirms can help you make an informed decision.
What is the difference between ACCA and ICAEW qualified accountants?
ACCA and ICAEW are both prestigious accountancy qualifications, but they have different focuses. ACCA (Association of Chartered Certified Accountants) is globally recognised and covers a broad range of business and financial topics, whilst ICAEW (Institute of Chartered Accountants in England and Wales) is more UK-centric and emphasises audit and financial reporting. Both qualifications require rigorous exams and practical experience, so either ensures a high level of competence. Your choice may depend on your specific needs and the firm's specialism.
How can an accountant help me with HMRC investigations?
If HMRC opens an investigation into your tax affairs, an accountant can act as your representative, handling all correspondence and negotiations on your behalf. They will review your records, prepare the necessary documentation, and ensure that your tax returns are accurate and compliant. They can also advise on your rights and options, such as making a disclosure or appealing a decision. Having professional support reduces stress and helps you achieve a favourable outcome.
What records should I keep for my accountant to prepare my tax return?
You should keep records of all income, including payslips, P60s, and invoices for private work, as well as receipts for any expenses you wish to claim. This includes travel, professional subscriptions, equipment, and training costs. If you operate through a limited company, you will also need to maintain records of dividends, director's loans, and company expenses. Your accountant can provide a checklist, but it is essential to keep organised records throughout the year to ensure accuracy.
Can accountants help with VAT registration for a doctor's practice?
Yes, accountants can advise on whether you need to register for VAT based on your taxable turnover, which is currently £90,000. They can also help you decide whether to register voluntarily, which may be beneficial if you incur significant VAT on business purchases. If you are VAT-registered, they will prepare your VAT returns, ensure you claim input tax correctly, and advise on schemes like the Flat Rate Scheme if applicable. Their guidance ensures compliance and avoids penalties.
About Accounting Firms
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