
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

Breco Accounting Services
Client centered accountant concentrating on helping small businesses and individuals. Friendly Service, Competitive rates. Payroll Services, Vat Retur...See More

TaxKings Tax Made Simple
TaxKings work with owner managed businesses all over the UK. With off...

IDEO BUSINESS SERVICES 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.

Stewart Accounting Services
Stewart Accounting Services, Chartered Accountants, is a CA firm with its main office in Alloa, Clackmannanshire. We also have offices in Falkirk and ...See More

Agility Bookkeeping
Agility Bookkeeping is a Xero online bookkeeping firm based in the UK having three offices in Glasgow, Stirling, and Edinburgh. Whether you are a new ...See More

CloudBook Accountants Ltd
Since we were established in 2013, we have done everything online - from getting a quote to signing off your accounts. It's easier and quicker, so it ...See More

Tax Returns - London
At Cheap Tax Returns, we love to give a personalized touch to the service we provide. As an accountancy firm, we understand small business owners and ...See More

LFR Accounting
Accountancy and taxation services

TI Accountancy Limtied
TI Accountancy was established in 2002 by its owner Tracy Irwin, who grew the company organically through her hard work and determination to the Emplo...See More

Sabre Accountants
Sabre Accountants have built up a fantastic reputation as a trustworthy, affordable & reliable accountancy service. We provide accountancy services a...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

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

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

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

C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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Frequently asked questions
What specific services do accountants for doctors provide?
Accountants for doctors provide a range of services including Self Assessment tax return preparation, VAT registration and returns, Corporation Tax filing for limited companies, payroll for practice staff, and bookkeeping. They also offer strategic tax planning, pension advice, and assistance with HMRC enquiries. Their expertise is tailored to the unique income structures and expenses of medical professionals, ensuring full compliance and optimal tax efficiency.
How can an ACCA or ICAEW accountant help with HMRC compliance?
An ACCA or ICAEW qualified accountant has in-depth knowledge of HMRC regulations and filing requirements. They ensure your tax returns are accurate and submitted on time, reducing the risk of penalties. They can also represent you during HMRC audits or investigations, handle correspondence, and advise on legitimate tax deductions. Their professional status guarantees a high standard of service and ethical conduct.
Why do doctors need a specialist accountant rather than a general one?
Doctors have complex financial situations, including multiple income sources, NHS pensions, and private practice earnings. A specialist accountant understands these nuances and can advise on matters like pension annual allowance, tax-efficient profit extraction, and income smoothing. They are familiar with the specific expenses doctors incur, such as indemnity insurance and CPD costs, ensuring you claim everything you are entitled to.
What should I look for when choosing an accountant for my medical practice?
Look for a qualified professional with ACCA, ICAEW, or AAT accreditation and experience working with medical clients. Check their familiarity with HMRC digital tax reporting, their availability for year-round advice, and their fee structure. Reading client testimonials and comparing services on directories like AccountingFirms.co.uk can help you make an informed choice. Ensure they offer proactive communication and understand your specific practice type.
How often should I meet with my accountant for doctors?
It is advisable to have a formal meeting at least twice a year: once during the tax year to review your financial position and plan for upcoming deadlines, and once after your tax return is filed to discuss any adjustments. However, a good accountant will be available for ad-hoc queries throughout the year, especially when you are considering major financial decisions or changes to your practice structure.
Can an accountant help me with VAT if I run a private medical practice?
Yes, an accountant can assess whether you need to be VAT-registered based on your taxable turnover. Many medical services are exempt from VAT, but there are exceptions, such as certain private treatments or cosmetic procedures. An experienced accountant will advise on your VAT obligations, help you register if necessary, and ensure your returns are accurate and timely, avoiding penalties from HMRC.
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