
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

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

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

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
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

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

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

C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
Frequently asked questions
What specific services do accountants for doctors typically provide?
Accountants for doctors typically provide a range of services including preparing and submitting Self Assessment tax returns, advising on pension annual allowance issues, and structuring private practice income efficiently. They also assist with VAT registration and returns if applicable, manage bookkeeping, and offer strategic tax planning to minimise liabilities. Many also provide payroll services for practice staff and offer advice on partnership structures for group practices, ensuring full compliance with HMRC regulations.
Why is it important to choose an accountant with ACCA or ICAEW accreditation?
Choosing an accountant with ACCA or ICAEW accreditation is important because these qualifications demonstrate a high level of professional competence and adherence to strict ethical guidelines. These professionals undergo rigorous training and continuous development to stay current with tax laws and financial regulations. This ensures they are fully equipped to handle complex financial matters, provide accurate advice, and represent you effectively if HMRC ever raises an enquiry. It offers a guarantee of quality and reliability.
How can an accountant help me with my annual tax return as a doctor?
An accountant can help with your annual tax return by accurately calculating your taxable income from all sources, including NHS salary, locum shifts, and private work. They will identify all allowable expenses, such as professional subscriptions, indemnity insurance, and equipment costs, to reduce your tax bill. They also ensure your return is filed correctly and on time, avoiding penalties. Additionally, they can advise on making pension contributions to manage your annual allowance and reduce your overall tax liability.
What should I look for when comparing accountants for my medical practice?
When comparing accountants, look for those with specific experience in the medical sector, as they will understand the unique financial challenges you face. Check their qualifications and ensure they are registered with a recognised body like ICAEW or AAT. Consider the range of services they offer, such as payroll, VAT, and tax planning, and whether they provide proactive advice. Reading client reviews and comparing fee structures will also help you make an informed decision.
Can an accountant assist with VAT obligations for private medical work?
Yes, an accountant can definitely assist with VAT obligations for private medical work. If your private income exceeds the VAT threshold, you must register for VAT and charge it on your services. An accountant will advise on whether your services are exempt or taxable, manage your VAT returns, and help you claim back VAT on eligible business purchases. They will also guide you through the various VAT schemes, such as the flat rate scheme, to ensure you are operating efficiently and compliantly.
How does the pension annual allowance affect my tax bill and how can an accountant help?
The pension annual allowance can significantly affect your tax bill, especially for higher earners. If your income exceeds certain thresholds, your annual allowance is tapered, and exceeding it triggers a tax charge. An accountant can help by calculating your exact allowance, advising on the optimal pension contributions to avoid charges, and planning your finances to mitigate the impact. They can also help you use carry-forward rules to maximise your contributions in a tax-efficient manner.
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