
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

MINT FORMATIONS LTD
We have over 100 years of combined industry experience, having worked with hundreds of startups and small businesses in every industry imaginable. We ...See More

Yourtaxhelp
Our motto is “Accountants and Tax Advisers with simple technology”. We will not stop being innovative or using cutting edge technology to help you out...See More

EXPEDIENT ACCOUNTANCY
Expedient Accountancy Limited provides a wide range of expert accounting services. We are a partnership of 3 Chartered Certified Accountants with more...See More

Taxeasy Ltd
TaxEasy Ltd is an experienced and proactive firm of certified accountants and bookkeepers offering high quality accounting services to clients through...See More

Numerii Ltd
Informed financial support for your business. We are a small, friendly and highly motivated team who offer a professional and efficient service to our...See More

Hayes Accountants
Hayes Accountancy is your local accountancy service provider & part of the group BNW Accountants & Tax Consultants. We offer high-quality accounting a...See More

MAKESWORTH LIMITED
Makesworth
Accountants is an award-winning accountancy practice of Chartered
Certified Accountants tax and business advisors. We a...
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City Tax London
City Tax London provides unparalleled personalized accounting services and th...

MARK SASTA & ASSOCIATES
Mark Sasta & Associates Ltd is a member firm of the Institute of Chartered&nbs...

DIrect Assist accountants Ltd
Direct Assist accountants Ltd is one of the fastest growing chartered accountants firm serving businesses and individuals from different industries fr...See More

Financial Partnership London
The Financial Partnership LLP, London, is a young, dynamic and innovative firm of Accountants & Business Advisors who can help improve the performance...See More

Not Just Bookkeeping Ltd
Friendly Consulting offers a wide range of consulting services for several indu...
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" Accountify – Chartered Certified Accountants"
A firm of Chartered Certified Accountants based in London and Portsmouth. Accountify is an established brand in Accounting and Tax, serving its client...See More

BARNES MAYER LIMITED
Barnes Mayer Ltd is an independent, family run business providing accounting and taxation services throughout Maidenhead, Berkshire and Buckinghamshir...See More

Startup Accountants
Our startup accountants London operate with a specific approach to keep your business afloat. Gradually positioning it where you have dreamt it to be....See More

SJD ACCOUNTANCY LIMITED
SJD Accountancy is the UK’s largest specialist provider of fixed fee, limited company accountancy services to contractors and freelancers; we’ve been ...See More

Fitzgeralds Accountants Limited
We are a well established firm of accountants and tax advisors based in South West London, dealing with small businesses and high net worth individual...See More
Frequently asked questions
What specific services do accountants for doctors typically provide?
Accountants for doctors typically provide a range of services tailored to the medical profession, including preparation and submission of Self Assessment tax returns, management of private practice income, advice on pension contributions and tax relief, assistance with limited company formation and Corporation Tax, VAT registration and returns, and proactive tax planning. They also help with record keeping, expense tracking, and ensuring compliance with HMRC regulations, allowing doctors to focus on their clinical work.
How can an accountant help me with my HMRC tax return?
An accountant can help you with your HMRC tax return by ensuring that all income is declared correctly, all allowable expenses are claimed, and the return is submitted before the deadline. They will also advise on any tax reliefs you may be entitled to, such as those for professional subscriptions or equipment. By using their expertise, you reduce the risk of errors and potential penalties, and you may even reduce your overall tax liability.
What is the difference between an ACCA and an ICAEW accountant?
ACCA (Association of Chartered Certified Accountants) and ICAEW (Institute of Chartered Accountants in England and Wales) are both prestigious professional bodies. The main difference lies in their focus and examination structure, but both require rigorous training and continuing professional development. An ACCA accountant often has a strong international focus, whilst an ICAEW accountant is traditionally more UK-centric. Both are highly qualified and regulated, so the choice often comes down to personal preference and specific expertise.
Do I need an accountant if I am a salaried NHS doctor?
Even if you are a salaried NHS doctor, you may benefit from an accountant, especially if you have additional income from private work, locum shifts, or investments. An accountant can help you optimise your tax position, ensure you are not overpaying tax, and assist with any complex pension arrangements. They can also provide valuable advice on tax-efficient savings and investments, which is particularly useful for higher-rate taxpayers.
How does an accountant help with VAT for a doctor's private practice?
If your private practice income exceeds the VAT registration threshold, you must register for VAT. An accountant will guide you through the registration process, advise on whether to use the flat rate scheme, and ensure your VAT returns are accurate and submitted on time. They will also help you understand which services are exempt from VAT and how to handle input tax, ensuring you remain compliant with HMRC whilst minimising your VAT liability.
What should I look for when choosing an accountant for my medical practice?
When choosing an accountant for your medical practice, look for someone with experience in the healthcare sector, relevant qualifications such as ACCA, ICAEW, or AAT, and a proactive approach to tax planning. Check their client reviews, ask about their fee structure, and ensure they are registered with a recognised professional body. It is also important to find an accountant who communicates clearly and is accessible when you need advice, as this will make the working relationship more effective.
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