
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
Purnells - Licensed Insolvency Practitioners
As insolvency practitioners we also specialise in interpreting the legislation set out in The Insolvency Act 1986, The Insolvency (England and Wale...

Woody's Payroll & Bookkeeping Services
Here at Woody's we have years of experience in providing a dedicated, professional and highly personal service to our clients. We offer a wide range o...See More

Kings Oak Accountancy
Accountants based in Bristol, Bath & Somerset providing accounting and tax services to small and medium size owner-managed businesses. Our services in...See More

KINGS OAK ACCOUNTANCY (SOMERSET) LTD
We are a small firm of Accountants based in Somerset. Michael is a fellow of the Chartered Institute of Management Accounting with over 30 years expe...See More

Bell Stanley Accountants
Welcome to Bell Stanley Accountants page.
HUBBLE ACCOUNTANCY LTD
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Williamslester Brilliant Accounting Services
Our range of services are provided by fully qualified and experienced staff who always monitor, advise and review both new and existing clients. This ...See More
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MARLIS BOOKKEEPING & ACCOUNTANCY
The team comprises of Marion and Lisa, a mother and daughter combination, who offe...

Financial Claims Consultants
Financial Claims Consultants offer No Win No Fee Pension Claims – we help clients&...

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

SG CONTRACTOR ACCOUNTING LIMITED
SG Accounting was established in 1995 to service the accountancy and taxation needs of professional contractors and freelancers. We are based in Winc...See More
Modus Accountants Limited
Whether you are looking for advice, inspiration, accountancy services or all three, our integrated services will provide as much or as little su...See More

DEAD SIMPLE ACCOUNTING LTD
Dead Simple Accounting is an expert accounting firm based in Reading, Berkshire. We’ve been supporting the local business community in Reading with a ...See More

Turner Barratt
At Turner Barratt we believe that we have something unique to offer. Just Corporate Finance Turner Barratt are Chartered Accountants who are dedicate...See More

Accounting etc. limited
We are a small firm of Chartered Management Accountants dedicated to providing you with a high quality accountancy service and sound business advice a...See More

QUENTELA ACCOUNTING LIMITED
Quentela Accounting is a family run accountancy practise based in Wokingham, Berkshire. We are a small business but with an emphasis on BIG commitment...See More

The Bean Counters Accountants LLP
Established in 2011, The Bean Counters Accountants is a growing accounting firm in Maidenhead which specializes in cloud accounting and bookkeeping, p...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
Frequently asked questions
What should I look for in an accountant for doctors?
When searching for an accountant, look for someone who has experience working with medical professionals. They should understand the NHS pension scheme, locum work, and private practice income. Check their qualifications, such as ACCA, ICAEW, or AAT, and ensure they are registered with a professional body. It is also beneficial to find an accountant who offers proactive advice on tax planning and can help you with your annual tax return.
How can an accountant help with my Self Assessment tax return?
An accountant can help you prepare and submit your Self Assessment tax return accurately and on time. They will review your income from all sources, including NHS pay, private work, and any other earnings, and ensure you claim all allowable expenses. This reduces your tax liability and minimises the risk of HMRC penalties. They can also advise on payments on account and any tax adjustments needed.
What are the benefits of using a certified accountant?
Using a certified accountant ensures you receive professional advice from someone who is regulated and held to high ethical standards. Certifications from bodies like ACCA, ICAEW, or AAT guarantee that the accountant has the necessary knowledge and skills. They are required to keep up to date with tax laws and regulations, providing you with accurate and reliable guidance. This reduces the risk of errors and helps you make informed financial decisions.
Can an accountant help me with VAT if I have a private practice?
Yes, an accountant can help you understand your VAT obligations if you run a private practice. They can advise on whether you need to register for VAT, how to charge VAT on your services, and how to complete VAT returns. They will also help you identify any VAT you can reclaim on business expenses. This ensures you remain compliant with HMRC and avoid any potential fines.
How do I know if I need to file a Corporation Tax return?
If you operate your medical practice through a limited company, you will need to file a Corporation Tax return with HMRC. An accountant can help you determine your filing requirements and prepare the necessary accounts. They will ensure your company's profits are calculated correctly and that you claim all available deductions. This helps you meet your legal obligations and avoid penalties for late filing.
Why is it important to have an accountant who understands doctors' finances?
Doctors have unique financial circumstances, including multiple income streams, pension complexities, and high tax rates. An accountant who understands these issues can provide tailored advice that maximises your income and minimises your tax burden. They can help you plan for retirement, manage student loan repayments, and structure your finances efficiently. This specialist knowledge ensures you do not miss out on valuable tax reliefs and allowances.
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