
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

MGM & CO. Chartered Certified Accountants
If you are looking for professional accountants offering a full range of accountancy and tax services to clients from across the UK, you have come to ...See More

Holdsworth Accountancy
We are a team of experienced, qualified accountants and bookkeepers providing professional services to individuals and businesses within Bradford and ...See More

Accounting 4 Ltd
Registered practice offering accountancy services from Bookkeeping, Payroll, Vat, Self Assessment, Small Limited Company accounts etc Qualified to AAT...See More

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

Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...See More

Mind Your Assets Accounts
Mind Your Assets Accounts is based in Sheffield, South Yorkshire, with offices also in Manchester and London. We have over 20 years accountancy expe...See More
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...See More
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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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
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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

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

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

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

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

C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
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
Frequently asked questions
What specific tax reliefs can an accountant for doctors help me claim?
An accountant specialising in the medical profession will be familiar with the full range of allowable expenses. This includes costs for professional subscriptions, indemnity insurance, medical equipment, and continuing professional development. They will also help you claim for any home office costs if you do administrative work at home. By ensuring you claim all eligible reliefs, your accountant can significantly reduce your taxable income, which is particularly beneficial for locums and consultants with multiple income sources.
How can an accountant assist with my Self Assessment tax return?
Your accountant will prepare and submit your Self Assessment tax return to HMRC on your behalf, ensuring that all income and expenses are correctly reported. They will also calculate your tax liability and advise on any payments on account you may need to make. This service is invaluable for busy doctors who may not have the time or expertise to complete the return accurately. Your accountant will also help you meet the January and July deadlines, avoiding automatic penalties.
What is the difference between ACCA, ICAEW, and AAT qualified accountants?
ACCA (Association of Chartered Certified Accountants) and ICAEW (Institute of Chartered Accountants in England and Wales) are chartered accountancy bodies, and their members are fully qualified chartered accountants. AAT (Association of Accounting Technicians) is a lower-level qualification, though many AAT members go on to study for ACCA or ICAEW. All three are recognised by HMRC, but chartered accountants typically have more extensive training and experience, which can be beneficial for complex medical finances.
Do I need an accountant if I am a locum doctor?
Yes, locum doctors often have complex tax affairs due to working across multiple NHS trusts and private practices. An accountant can help you track your income from different sources, claim all allowable expenses, and ensure you are not overpaying tax. They can also advise on whether you should be registered for VAT and how to manage your payments on account. This support can save you time and money, and reduce the risk of an HMRC investigation.
How can an accountant help me with VAT if I run my own private practice?
If your private practice turnover exceeds the VAT registration threshold, you must register for VAT. An accountant will help you register, prepare your VAT returns, and advise on the best scheme for your practice, such as the flat rate scheme. They will also ensure you are correctly reclaiming VAT on your business purchases. This is a complex area, and professional advice is essential to avoid costly errors and penalties from HMRC.
What should I look for when choosing an accountant for my medical practice?
Look for an accountant who has experience working with doctors and other medical professionals. They should hold a recognised qualification from a body such as ACCA or ICAEW, and be registered with HMRC. It is also important to find someone who communicates clearly and is proactive in offering advice throughout the year, not just at tax time. You should also consider their location, fees, and whether they offer services that match your needs, such as payroll or pension planning.
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