
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

GO 2 Girl Limited
I offer a fully flexible remote work or local on site and assist you with anything relating to finance within the business and any necessary admin tas...See More

AWS ACCOUNTANTS (LONDON) LLP

SARA COOPERS ACCOUNTANTS LTD
About Sara Coopers Whatever business you are in; you owe it to yourself to find an accountancy service that operates for your benefit – not the taxma...See More

MQPLUS LTD
MQplus LTD provides accurate, flexible and cost-effective managment accounting services for sole traders,partnerships and Limited Companies

MONEYTREE FINANCIAL LTD
Moneytree Financials' focus is to provide clients with useful, relevant and meaningful services aimed at supporting and guiding your business as it mo...See More

Ahmed-Cliffords Ltd
Ahmed-Cliffords has grown to become one of the region's most successful accountants and tax consultancy offices. From simple beginnings, when we wer...See More

Rochvilles & Co Accountants Ltd
Welcome to the Rochvilles & Company website. We are glad that you make the time and effort to visit us. The website has being designed to provide you ...See More

TaxAssist Accountants
About TaxAssist Accountants Barking At TaxAssist Accountants, we provide a personal and professional accounting service tailored to you. We help star...See More

Southall Accountants
We are the only accountants in the city who are dedicated to groom your business for growth. If you are a business owner, who is putting in the hard w...See More

KHAWAR & CO LTD
Khawar & Co Ltd is an active company located in London, Greater London. We are specialist accountancy firm, ready to help you with different accountan...See More

EFJ CONSULTING LTD
We are the firm of Chartered Certified Accountants based in London. We provide professional and practical help with all aspects of accountancy and tax...See More

YBSM PARTNERS
YBSM Partners is a Certified Accounting Firm with a difference. Providing Accounting, T...

Accounting Made Simple
Accounting Made Simple is a tech-savvy accountancy and bookkeeping organization located in London which assists clients to ru...See More
Future Formations Ltd
Future Formations is the new generation of forming companies; we have an expert team on hand to help you take the first step towards your future. Ba...See More

TaxPert Solutions Limited Certified Public Accountants
We are a small business accountant who provides smart solutions to your business needs. The Care your Business need from Experts Taxpert is a modern,...See More
Frequently asked questions
What specific services do accountants for doctors provide?
Accountants for doctors offer services such as preparing Self Assessment tax returns, claiming allowable expenses like indemnity insurance and professional fees, advising on pension contributions, and structuring income efficiently. They also assist with VAT registration, Corporation Tax for practice companies, and provide strategic tax planning to minimise liabilities while ensuring full compliance with HMRC regulations.
How do I choose a qualified accountant for my medical practice?
Look for accountants who are members of recognised professional bodies such as ACCA, ICAEW, or AAT. These qualifications ensure the accountant has met rigorous standards and maintains continuing professional development. Additionally, seek someone with experience in the healthcare sector, as they will understand the unique financial aspects of medical work, including locum income, partnership taxation, and practice expenses.
Can an accountant help me with HMRC investigations or tax disputes?
Yes, many accountants for doctors offer representation and support during HMRC investigations. They can help you gather necessary documentation, respond to queries, and negotiate on your behalf. Having an expert who understands tax law and HMRC procedures can reduce stress and ensure that your rights are protected throughout the process.
What are the benefits of using a specialist accountant for locum doctors?
Specialist accountants understand the complexities of locum work, including managing multiple income sources, claiming travel and equipment expenses, and handling the IR35 rules. They can help you structure your finances efficiently, set aside funds for tax, and ensure you meet all deadlines. This allows you to focus on your clinical work while your finances are managed effectively.
How often should I meet with my accountant to review my finances?
It is advisable to have at least two meetings per year: one to plan your tax strategy before the end of the tax year and another to review your annual accounts and tax return. However, many accountants offer ongoing support via phone or email, so you can reach out whenever you have a question or a significant financial change occurs.
What records do I need to keep for my accountant to prepare my tax return?
You should keep records of all income, including payslips, invoices, and bank statements. Also, retain receipts for any expenses you wish to claim, such as professional subscriptions, courses, equipment, and travel. Your accountant will guide you on which records are essential, but maintaining organised records throughout the year will make the process smoother and more accurate.
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