
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

Holdsworth Accountancy
We are a team of experienced, qualified accountants and bookkeepers providing professional services to individuals and businesses within Bradford and ...See More

MGM & CO. Chartered Certified Accountants
If you are looking for professional accountants offering a full range of accountancy and tax services to clients from across the UK, you have come to ...See More

Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...See More

Accounting 4 Ltd
Registered practice offering accountancy services from Bookkeeping, Payroll, Vat, Self Assessment, Small Limited Company accounts etc Qualified to AAT...See More

Sabre Accountants
Sabre Accountants have built up a fantastic reputation as a trustworthy, affordable & reliable accountancy service. We provide accountancy services a...See More

Clarity Accountants
We work closely with our clients and act for a broad range of business and personal clients. Apart from the more general accountancy services we can a...See More

Mind Your Assets Accounts
Mind Your Assets Accounts is based in Sheffield, South Yorkshire, with offices also in Manchester and London. We have over 20 years accountancy expe...See More
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...See More

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

LFR Accounting
Accountancy and taxation services

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

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
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

GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More

C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
Frequently asked questions
What specific services do accountants for doctors provide?
Accountants for doctors provide a range of services including Self Assessment tax return preparation, pension contribution planning, and advice on managing income from multiple sources such as NHS employment and private practice. They also assist with VAT registration and returns, Corporation Tax for limited company structures, and can offer guidance on tax-efficient ways to draw income. Their expertise ensures that all HMRC regulations are met accurately and that you benefit from every available relief.
How can an accountant help with my NHS pension annual allowance?
The NHS pension annual allowance can be complex, especially if your income exceeds the threshold. An experienced accountant will calculate your pension input amounts and assess whether you have exceeded the annual allowance, which could result in a tax charge. They can help you understand the options, such as using carry-forward relief or requesting a scheme pays election from NHS Pensions, ensuring you manage your tax liability effectively whilst maximising your retirement savings.
Do I need a specialist accountant if I am a locum doctor?
Yes, a specialist accountant is highly recommended for locum doctors. Locum work often involves managing your own tax affairs, including registering for Self Assessment and making payments on account. An accountant who understands the locum market can help you track your expenses, such as indemnity insurance, travel, and professional subscriptions, and ensure that you claim all allowable deductions. They can also advise on whether operating through a limited company is beneficial for your circumstances.
What is the difference between an ACCA and an ICAEW accountant?
Both ACCA (Association of Chartered Certified Accountants) and ICAEW (Institute of Chartered Accountants in England and Wales) are highly respected professional bodies. The main difference lies in their focus and examination structure, but both require rigorous training and ongoing professional development. An accountant from either body is qualified to handle complex financial matters, including tax planning and compliance. When choosing, consider their experience with medical professionals rather than the specific body, as both ensure high standards.
How often should I meet with my accountant?
It is advisable to meet with your accountant at least twice a year. The first meeting should be early in the tax year to plan your financial strategy, review your income projections, and discuss any changes in your circumstances. The second meeting typically occurs before the Self Assessment deadline to ensure all records are in order and to submit your tax return. Additional meetings may be necessary if you are considering a major financial decision, such as buying a property or restructuring your practice.
Can an accountant help me if HMRC enquires into my tax return?
Absolutely. If HMRC opens an enquiry into your tax return, an accountant will act as your representative, handling all correspondence and gathering the necessary evidence to support your position. They will prepare a detailed response to HMRC's questions and negotiate on your behalf to resolve the matter as quickly as possible. Having professional representation provides peace of mind and ensures that your rights are protected throughout the process, reducing stress and potential penalties.
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