
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

Bird & Co
Bird & Co was formed by local Yaxley accountant Pete Bird and we now serve not only clients in the Yaxley and Peterborough area, but more widespread a...See More

Msi Accountancy Services
At MSI - Accountants & Bookkeepers - We have a strong network of Accountants, Bookkeepers & Tax Advisors who are very friendly and down to earth and a...See More

Zak Partnership
The Zak Partnership have long recognized the importance of working closely with both our clients and our broader partner supplier community as a whole...See More

LeeP Accountants Registered in England & Wales
Welcome to LeeP Accountants! We are a team of friendly and professional accountants based in Peterborough, Cambridgeshire. We have one key goal ...

Virtue Accountants Ltd

Matrix Accountancy Services
"Offering a friendly and professional service, I provide ongoing advice and support for every stage of your business journey. As an AAT Licensed Acc...See More

Matrix Accountancy Services Limited
Will Farmer FMAAT, AAT Licensed Accountant and Director of Matrix Accountancy Services Limited Hi I'm Will, In 2012 I...
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FLEXIE ACCOUNTANTS LTD
Flexie Accountants is a reputable accounting firm, providing accounting, finance and tax services to sole traders, partnership and Limited companies. ...See More

Figures (UK) Accountancy Services
Figures UK takes a different approach to company book keeping and accountancy work – you won’t find us hunched in grey suits between stacks of files. ...See More
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Additions Accountancy
Welcome to Additions Accountancy Looking for Grantham Accountants? We are a firm of accountants in Grantham with a strong customer service ethos and ...See More

Pharmatax
Pharmatax is a leading specialist in pharmacy accounting, offering tailored services that go beyond traditional bookkeeping. O...See More

Accounting4Actors
Accounting4actors is not only for actors! We also represent dancers, musicians, sports professionals, models, writers, artists, directors, camerapeopl...See More

ADD- WORTH ACCOUNTANCY LTD
Helping business owners make sense of their numbers. 30+ years of progressive finance and accounting experience in various industries. Offering expert...See More

Ashden Accountants
Ashden Accountants are Accountants, Registered Statutory Auditors, Personal and Business Tax Specialists and Business Consultants. We provide accounti...See More

TAA CONSULTANTS LTD
TAA Consultants- Super Accountants 69201 - Accounting and auditing activities 69202 - Bookkeeping activities

John Lavender accounting ltd
John Lavender Accounting Firm is a beacon of precision and expertise in the financial landscape. With a legacy steeped in integrity and excellence, we...See More
Frequently asked questions
What specific tax issues do doctors need to consider?
Doctors often have multiple income sources, including NHS salary, locum shifts, and private practice. Each may be taxed differently, and you may need to complete a Self Assessment tax return. Additionally, pension annual allowance rules can be complex, and you may face high income child benefit charges. A specialist accountant can help you structure your finances to minimise tax while staying compliant with HMRC regulations.
How can an accountant help with my NHS pension?
An accountant can analyse your pension contributions and projected benefits to help you avoid annual allowance charges. They can also advise on the most tax-efficient way to manage your contributions, whether you are in the NHS pension scheme or a private arrangement. With the tapered annual allowance affecting many senior doctors, professional guidance is crucial to ensure you do not face unexpected tax bills.
What qualifications should I look for in an accountant?
Look for an accountant who is a member of a recognised professional body such as ACCA, ICAEW, or AAT. These qualifications ensure the accountant has undergone rigorous training and adheres to strict ethical standards. Additionally, check that they have experience working with medical professionals, as this ensures they understand the unique financial landscape of doctors, including locum work and private practice.
Do I need to register for VAT as a doctor?
If your taxable turnover exceeds the current VAT threshold, you must register for VAT. This applies to private practice income and other taxable supplies. However, some medical services are exempt from VAT, so it is important to get professional advice. An accountant can help you determine your VAT position, manage your returns, and ensure you are not paying more VAT than necessary.
Can an accountant help me with my Self Assessment tax return?
Yes, an accountant can prepare and file your Self Assessment tax return on your behalf. They will ensure that all income is declared, allowable expenses are claimed, and any reliefs are applied. This is particularly valuable for doctors with complex income streams, as errors can lead to penalties. Using an accountant also saves you time and reduces the stress of dealing with HMRC directly.
How do I choose between a local firm and a larger accountancy practice?
Both options have advantages. A local firm may offer more personalised service and face-to-face meetings, which can be reassuring. A larger practice may have more resources and specialist teams. The key is to find an accountant who understands your needs as a doctor. Use AccountingFirms to compare firms in Kettering, read reviews, and check their accreditations before making a decision.
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