
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

GO 2 Girl Limited
I offer a fully flexible remote work or local on site and assist you with anything relating to finance within the business and any necessary admin tas...See More

AWS ACCOUNTANTS (LONDON) LLP

SARA COOPERS ACCOUNTANTS LTD
About Sara Coopers Whatever business you are in; you owe it to yourself to find an accountancy service that operates for your benefit – not the taxma...See More

MQPLUS LTD
MQplus LTD provides accurate, flexible and cost-effective managment accounting services for sole traders,partnerships and Limited Companies

Argents Chartered Accountants
An established firm of chartered accountants based in Norwich, we provide a range of accountancy and business support services to clients throughout t...See More

Ahmed-Cliffords Ltd
Ahmed-Cliffords has grown to become one of the region's most successful accountants and tax consultancy offices. From simple beginnings, when we wer...See More

MONEYTREE FINANCIAL LTD
Moneytree Financials' focus is to provide clients with useful, relevant and meaningful services aimed at supporting and guiding your business as it mo...See More

Rochvilles & Co Accountants Ltd
Welcome to the Rochvilles & Company website. We are glad that you make the time and effort to visit us. The website has being designed to provide you ...See More

TaxAssist Accountants
About TaxAssist Accountants Barking At TaxAssist Accountants, we provide a personal and professional accounting service tailored to you. We help star...See More

Southall Accountants
We are the only accountants in the city who are dedicated to groom your business for growth. If you are a business owner, who is putting in the hard w...See More

KHAWAR & CO LTD
Khawar & Co Ltd is an active company located in London, Greater London. We are specialist accountancy firm, ready to help you with different accountan...See More

EFJ CONSULTING LTD
We are the firm of Chartered Certified Accountants based in London. We provide professional and practical help with all aspects of accountancy and tax...See More

YBSM PARTNERS
YBSM Partners is a Certified Accounting Firm with a difference. Providing Accounting, T...

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

Accounting Made Simple
Accounting Made Simple is a tech-savvy accountancy and bookkeeping organization located in London which assists clients to ru...See More

Accounting4Actors
Accounting4actors is not only for actors! We also represent dancers, musicians, sports professionals, models, writers, artists, directors, camerapeopl...See More
Frequently asked questions
What specific services do accountants for doctors provide?
Accountants for doctors typically offer a range of services including preparation of Self Assessment tax returns, advice on NHS pension scheme annual allowance, management of private practice income, and VAT registration if applicable. They also assist with limited company formation and Corporation Tax, ensuring that all HMRC filings are accurate and timely. Additionally, they can provide cash flow forecasting and tax planning strategies to minimise liabilities.
How can an accountant help with my NHS pension and tax?
An accountant with expertise in medical finances can help you navigate the complex NHS pension scheme, particularly the annual allowance and lifetime allowance rules. They can calculate your pension input amounts and advise on whether you have exceeded the annual allowance, potentially incurring a tax charge. By analysing your total income and pension contributions, they can recommend strategies such as scheme pays to manage any tax liabilities effectively.
What qualifications should I look for in an accountant?
You should look for an accountant who is a member of a recognised professional body such as ACCA, ICAEW, or AAT. These qualifications ensure that the accountant has undergone rigorous training and adheres to strict ethical and professional standards. Additionally, experience with medical clients is highly beneficial, as they will understand the unique financial situations doctors face. Always verify their credentials and check for any disciplinary history.
Can an accountant help me with HMRC investigations?
Yes, an experienced accountant can provide invaluable support during an HMRC investigation. They can handle all correspondence with HMRC on your behalf, prepare the necessary documentation, and ensure that your tax affairs are presented accurately. They will also assess whether the investigation is justified and can negotiate with HMRC to resolve any disputes. Having professional representation reduces stress and ensures your rights are protected.
How often should I meet with my accountant?
It is advisable to meet with your accountant at least twice a year, typically before the tax year end to plan for tax-saving opportunities and after the year end to review your accounts and tax return. However, you may need more frequent contact if you have complex financial affairs, such as multiple income sources or a limited company. Many accountants offer ongoing support via email or phone, so you can reach out whenever needed.
What is the difference between an accountant and a tax adviser?
An accountant typically provides a broader range of services, including bookkeeping, financial reporting, and auditing, in addition to tax planning and compliance. A tax adviser, on the other hand, specialises exclusively in tax matters, offering advice on complex tax issues and helping with HMRC disputes. Many accountants also hold tax adviser qualifications, but it is important to clarify the scope of services before engaging a professional.
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