
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

MJF ACCOUNTANCY LIMITED

Oakes Accounting
Oakes Accounting specializes in providing tailor made accounting services, including bookkeeping, VAT and self assessment to small businesses.

C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken

Holden Associates
Holden Associates are a family run business founded in 2002, we are located at V12, Merlin Park, a modern purpose-built office in Burscough, Lancashir...See More

BROOKSON LIMITED
Why Brookson? There are plenty of reasons. We’re specialists at dealing with self-employed finances, and have been doing this for over 20 years, so we...See More

GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More
ACCOUNTS 2U LIMITED
Our director, Howard Turner MAAT ATT, qualified as an accounting and taxation technician in 1995 after training with chartered accountants in Cheshire...See More

PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...See More

NIXON WILLIAMS LIMITED
Nixon Williams has been providing specialist accountancy services to contractors, freelancers, consultants and interim professionals throughout the UK...See More

Athena Bookkeeping Services
Athena Accounting and Bookkeeping Services. ?Let us take good care of your finances giving you more time to focus on the day to day running of your bu...See More

LLOYDS ACCOUNTANTS LTD
We offer accounts, taxation and business advisory and support services to a wide range of businesses and individuals, nationwide. We continue to build...See More
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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GORILLA ACCOUNTING LIMITED
orilla Accounting was born after a group of specialist accountants with decades of experience amongst them, decided that accounting shouldn’t be a lab...See More
Sambhav Management Limited
Since 2012, we’ve offered clients the tools, resources and guidance necessary for all their accounting needs. Clients receive the personalized attenti...See More
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...See More

THE FINANCIAL MANAGEMENT CENTRE UK LTD
Online firm

J. Jervis Accounting Services LTD
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Norbury Bookkeeping Services
We offer a complete bookkeeping and computerized payroll service throughout Cheshire and South Manchester and are able to offer support for all financ...See More
Frequently asked questions
What specific tax issues do accountants for doctors typically handle?
Accountants for doctors specialise in unique areas such as NHS pension annual allowance calculations, managing income from multiple sources like locum work and private practice, and optimising Self Assessment tax returns. They also advise on the tax implications of buying equipment, using a limited company, and claiming allowable expenses. Their expertise ensures you remain compliant with HMRC while minimising your tax liability legally.
How can an accountant help with my NHS pension and tax?
An experienced accountant can analyse your pension contributions against the annual allowance and help you manage any potential tax charges. They can advise on the optimal level of contributions, whether to opt out or into the scheme, and how to use carry forward to reduce tax. This is crucial for doctors, as high earnings can easily trigger unexpected tax bills without careful planning.
What qualifications should I look for in an accountant for my medical practice?
Look for a professional who is a member of a recognised body such as ACCA, ICAEW, or AAT. These qualifications ensure the accountant has undergone rigorous training and adheres to strict ethical and professional standards. Additionally, seek someone with specific experience in the medical sector, as they will be familiar with the unique financial challenges doctors face, from pension rules to private practice income.
Can an accountant help me with HMRC enquiries or investigations?
Yes, having a qualified accountant is invaluable if HMRC opens an enquiry into your tax affairs. They can handle all correspondence with HMRC on your behalf, prepare the necessary documentation, and represent you at any meetings. Their expertise in tax law and procedures can significantly reduce the stress and potential financial impact of an investigation, ensuring your rights are protected throughout the process.
How often should I meet with my accountant for doctors?
It is advisable to have a formal meeting at least twice a year – once to plan your tax strategy before the end of the tax year and once to review your completed tax return. However, many accountants offer ongoing support via email or phone for ad hoc queries. Regular communication ensures that any changes in your income or circumstances are promptly addressed, keeping your tax position optimised.
What is the difference between a tax return and a full accounting service?
A tax return service focuses solely on preparing and submitting your annual Self Assessment to HMRC. A full accounting service includes that, but also offers proactive tax planning, bookkeeping, financial advice, and assistance with other obligations like VAT or Corporation Tax if you run a limited company. For doctors with complex finances, a full service often provides greater long-term value and peace of mind.
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