
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

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

Bell Stanley Accountants
Welcome to Bell Stanley Accountants page.
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MARLIS BOOKKEEPING & ACCOUNTANCY
The team comprises of Marion and Lisa, a mother and daughter combination, who offe...

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
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...

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
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.

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

Financial Claims Consultants
Financial Claims Consultants offer No Win No Fee Pension Claims – we help clients&...

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
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
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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

DEAD SIMPLE ACCOUNTING LTD
Dead Simple Accounting is an expert accounting firm based in Reading, Berkshire. We’ve been supporting the local business community in Reading with a ...See More

Turner Barratt
At Turner Barratt we believe that we have something unique to offer. Just Corporate Finance Turner Barratt are Chartered Accountants who are dedicate...See More

Accounting etc. limited
We are a small firm of Chartered Management Accountants dedicated to providing you with a high quality accountancy service and sound business advice a...See More

MRC Accounting Services
Providing accounting services and solutions
Frequently asked questions
What specific tax issues do accountants for doctors handle?
Accountants for doctors specialise in areas such as Self Assessment tax returns, NHS pension scheme complexities, and the tax implications of locum work or private practice. They also assist with claiming allowable expenses like professional memberships, indemnity insurance, and equipment costs. Their expertise ensures that your tax position is optimised while remaining fully compliant with HMRC regulations.
How can an ACCA or ICAEW accountant help with HMRC enquiries?
An accountant who is a member of ACCA or ICAEW is regulated and experienced in dealing with HMRC. They can represent you during any tax investigation or enquiry, prepare the necessary documentation, and communicate with HMRC on your behalf. This reduces stress and ensures that your rights are protected, and that any issues are resolved efficiently and accurately.
What is the difference between a tax return and Self Assessment?
A tax return is the form you complete to report your income and gains to HMRC, while Self Assessment is the system HMRC uses to collect tax on income that is not taxed at source. For doctors with multiple income streams, such as locum or private work, completing a Self Assessment tax return is often required. An accountant ensures this is done correctly and on time.
Why is it important to have an accountant who understands the NHS pension scheme?
The NHS pension scheme has complex annual allowance and lifetime allowance rules that can result in significant tax charges if not managed properly. An accountant who specialises in doctors will understand how your pension contributions interact with your tax position. They can help you plan contributions to avoid unexpected tax bills and make informed decisions about your retirement savings.
Can an accountant help with VAT and Corporation Tax for a limited company?
Yes, if you operate your medical practice through a limited company, an accountant will manage your VAT registration and returns, and ensure your Corporation Tax calculations are accurate. They will also advise on salary versus dividend extraction, and help you meet all filing deadlines to avoid penalties. This ensures your company remains compliant and tax-efficient.
How do I choose the right accountant for my medical practice?
When choosing an accountant, look for someone with relevant experience and professional qualifications such as ACCA, ICAEW, or AAT. Consider their familiarity with medical finances, their communication style, and whether they offer proactive advice. You should also check their client reviews and ensure they are registered with a recognised professional body, which provides assurance of their competence and ethical standards.
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