
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
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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

Capital Accountancy - Accountants & Tax Advisors
WE at CAPITAL ACCOUNTANCY specialises in helping small-to-medium sized businesses, sole traders, contractors and landlords. We make sure you pay the r...See More

Naseems Accountants
Established in 1978, Naseems Accountants is a small but growing business with our clients doubled over the last decade. We honor ourselves in ou...See More
AMSTOR ACCOUNTANTS LIMITED
Amstor Accountants Limited T/A Premier Accountants, Auditors and Tax Advisers want to help you pay less tax and keep more of the profit your business ...See More
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Raven Solution
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MRC Accounting Services
Providing accounting services and solutions

Pharmatax
Pharmatax is a leading specialist in pharmacy accounting, offering tailored services that go beyond traditional bookkeeping. O...See More

Business Partners Accountants & Bookkeepers
An accounting firm for all your accounting and bookkeeping needs Business Partners Accountants & Bookkeepers is a reputable accounting firm serving so...See More

ADD- WORTH ACCOUNTANCY LTD
Helping business owners make sense of their numbers. 30+ years of progressive finance and accounting experience in various industries. Offering expert...See More

Matrix Accountancy Services
"Offering a friendly and professional service, I provide ongoing advice and support for every stage of your business journey. As an AAT Licensed Acc...See More

Matrix Accountancy Services Limited
Will Farmer FMAAT, AAT Licensed Accountant and Director of Matrix Accountancy Services Limited Hi I'm Will, In 2012 I...

T.Y.E BOOKKEEPING LTD
For all your bookkeeping needs from self assessments, VAT returns, EC Sales List, general bookkeeping for sole traders or small businesses. I work on ...See More
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FLEXIE ACCOUNTANTS LTD
Flexie Accountants is a reputable accounting firm, providing accounting, finance and tax services to sole traders, partnership and Limited companies. ...See More

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

Zak Partnership
The Zak Partnership have long recognized the importance of working closely with both our clients and our broader partner supplier community as a whole...See More

Msi Accountancy Services
At MSI - Accountants & Bookkeepers - We have a strong network of Accountants, Bookkeepers & Tax Advisors who are very friendly and down to earth and a...See More
HHR ACCOUNTANCY LTD
Accounting & Bookkeeping Solutions
Frequently asked questions
What specific tax issues do accountants for doctors handle?
Accountants for doctors specialise in areas such as NHS pension annual allowance calculations, private practice income, locum work, and expense claims. They also manage Self Assessment tax returns, VAT registration, and Corporation Tax if you run a limited company. Their expertise ensures you claim all allowable deductions, such as indemnity insurance, professional subscriptions, and equipment costs, whilst staying fully compliant with HMRC regulations.
How do I choose between an ACCA, ICAEW, or AAT qualified accountant?
All three qualifications indicate a high level of competence, but your choice may depend on the complexity of your affairs. ACCA and ICAEW chartered accountants typically have broader experience with complex tax planning and business structures, which is beneficial if you have a private practice. AAT members are skilled in bookkeeping and preparing accounts, making them suitable for straightforward tax returns. Always check their experience with medical clients.
Can an accountant help me with my NHS pension annual allowance charge?
Yes, this is a common issue for doctors. The annual allowance charge can arise when your pension growth exceeds the annual limit, and it is often triggered by additional NHS pension contributions. A specialist accountant can calculate the charge accurately, advise on whether you should use scheme pays, and help you plan your contributions to minimise future liabilities. They will also ensure your tax return reflects the correct figures.
What records should I keep for my accountant as a doctor?
You should keep a record of all income from NHS work, private practice, locum shifts, and any other sources. This includes payslips, P60s, invoices, and bank statements. For expenses, retain receipts for professional memberships, courses, travel, equipment, and any costs related to your practice. Using accounting software can simplify this process, and your accountant can recommend the best system for your needs.
Do I need to register for VAT if I run a private medical practice?
VAT registration is mandatory if your taxable turnover exceeds the current threshold, but many medical services are exempt from VAT. However, if you provide services that are not exempt, such as certain cosmetic procedures, you may need to register. An accountant can assess your specific services, advise on whether registration is necessary, and help you manage your VAT returns efficiently to avoid penalties.
How often should I meet with my accountant to review my finances?
It is advisable to have at least two formal meetings per year: one before the end of the tax year to plan tax-saving strategies, and one after the year ends to review your tax return and any liabilities. However, your accountant should be available throughout the year for quick queries, especially if you experience significant changes income or expenses. Regular communication helps you stay on top of your financial obligations.
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