
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

OVAL ACCOUNTANTS LTD
Your Bookkeeping, Accounting And Self Assessment Experts, Here To Bring You The Highest Standard Of Service.

Cruse+Burke
As one of the leading accountants in Croydon, we are forward thinking in the way we approach your business requirements and the way we give you except...See More

Owadally & Kings Partnership
At O&K we aspire to be one of the most forward thinking accountancy firms in Croydon. Our dedicated in-house team, and external specialists, based in ...See More

Cruse + Burke
As one of the leading accountants in Croydon, we are forward thinking in the way we approach your business requirements and the way we give you except...See More

Marden & Co Accountants Ltd
We are a two partner accountancy practice based in Epsom, serving Sutton, Banstead, Reigate, Dorking & across Surrey. We provide professional accounta...See More

APRC Accountants
We are a forward thinking firm of Chartered, Certified Public Accountants & Tax Advisers and Chartered Payroll Professionals established in 2005 in th...See More

Taxaccolega Chartered Accountants & Tax Advisers
As one of the brightest firms of chartered accountants in London, UK, Taxaccolega, based in Croydon, combines the passion and creative thinking of a s...See More

Tax Cruncher
Tax Cruncher is an online accounting &Tax consulting firm serving clients nationwide. Our aim is to help SMEs to grow their business by crunching thei...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

Central London Accountants
We are proud partners of leading software provider firm Xero, and we can help if you require Xero Accountants in London, Xero training, or need remote...See More

Cheap - Accountants
As a small business owner, your main focus is to work on your business strengths to help it grow, and you can’t just achieve it through juggling every...See More

London Accountants
We have been providing a range of tailored accounting and taxation services to individuals as well as small and medium sized businesses. See More

Abu Umar & Co.
Welcome to Abu Umar & Co. We are a small Accounting firm, based in London, We specialize in dealing with all accounting problems. As we have been o...See More

Coman And Co Ltd
Chartered Tax Advisers and Chartered Certified Accountants, we offer assistance with tax return compliance and specialist tax consultancy services for...See More

Accounting Made Simple
Accounting Made Simple is a tech-savvy accountancy and bookkeeping organization located in London which assists clients to ru...See More
Frequently asked questions
What should I look for in an accountant who specialises in medical professionals?
When searching for an accountant to handle your medical finances, look for someone who has experience with doctors' specific tax issues, such as pension annual allowance, locum income, and private practice earnings. Check that they are registered with a recognised body like ACCA, ICAEW, or AAT, as this ensures they meet professional standards. Also, consider their communication style and whether they offer proactive advice on tax planning and HMRC compliance.
How can an accountant help me with my Self Assessment tax return?
An accountant can prepare and submit your Self Assessment tax return accurately and on time, ensuring that you claim all allowable expenses and reliefs. They will review your income from various sources, including your NHS salary, private work, and any other earnings, and calculate the correct tax due. They can also advise on payments on account and help you plan for future tax bills to avoid any surprises from HMRC.
Are there any specific tax advantages for doctors who use an accountant?
Yes, an accountant who understands the medical profession can help you structure your finances to minimise tax liabilities. For example, they can advise on the most tax-efficient way to draw income from a limited company, or how to manage your pension contributions to stay within the annual allowance. They can also help you claim tax relief on professional subscriptions, indemnity insurance, and other work-related expenses that you may have overlooked.
What is the difference between an ACCA, ICAEW, and AAT qualified accountant?
ACCA (Association of Chartered Certified Accountants) and ICAEW (Institute of Chartered Accountants in England and Wales) are both chartered accountancy bodies that require rigorous exams and practical experience. AAT (Association of Accounting Technicians) is a lower-level qualification that focuses on day-to-day accounting tasks. All three are respected, but chartered accountants (ACCA or ICAEW) typically have more advanced training in tax and audit, which can be beneficial for complex medical finances.
How often should I meet with my accountant to review my financial situation?
It is advisable to have a meeting with your accountant at least twice a year: once for tax planning before the end of the tax year, and once after the year-end to review your tax return and discuss any changes. However, you may need more frequent contact if your circumstances change, such as starting a private practice or taking on additional income streams. A good accountant will be available for ad-hoc queries and will keep you informed of any HMRC updates.
Can an accountant help me with HMRC investigations or queries?
Yes, if HMRC enquires into your tax return or decides to investigate your affairs, an accountant can act as your representative and handle all communication with HMRC. They will gather the necessary evidence, prepare responses, and negotiate on your behalf to resolve the matter as smoothly as possible. Having professional representation can reduce the stress and ensure that your rights are protected throughout the process.
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