
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

TaxKings Tax Made Simple
TaxKings work with owner managed businesses all over the UK. With off...

Breco Accounting Services
Client centered accountant concentrating on helping small businesses and individuals. Friendly Service, Competitive rates. Payroll Services, Vat Retur...See More

IDEO BUSINESS SERVICES LTD
This listing was generated using publicly available data to enhance visibility for businesses. If this is your business, claim your profile to update details.

Stewart Accounting Services
Stewart Accounting Services, Chartered Accountants, is a CA firm with its main office in Alloa, Clackmannanshire. We also have offices in Falkirk and ...See More

Agility Bookkeeping
Agility Bookkeeping is a Xero online bookkeeping firm based in the UK having three offices in Glasgow, Stirling, and Edinburgh. Whether you are a new ...See More

TI Accountancy Limtied
TI Accountancy was established in 2002 by its owner Tracy Irwin, who grew the company organically through her hard work and determination to the Emplo...See More

LFR Accounting
Accountancy and taxation services

CloudBook Accountants Ltd
Since we were established in 2013, we have done everything online - from getting a quote to signing off your accounts. It's easier and quicker, so it ...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

Tax Returns - London
At Cheap Tax Returns, we love to give a personalized touch to the service we provide. As an accountancy firm, we understand small business owners and ...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

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

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

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

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

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

MJF ACCOUNTANCY LIMITED
Frequently asked questions
Why do doctors need a specialist accountant?
Doctors have complex financial situations that include multiple income sources, pension annual allowance issues, and unique tax reliefs. A specialist accountant understands these intricacies and can help you structure your finances efficiently, ensuring you claim all allowable expenses and avoid costly mistakes. They also stay updated on HMRC regulations that specifically affect medical professionals.
What qualifications should I look for in an accountant?
Look for accountants who are members of recognised professional bodies such as ACCA, ICAEW, or AAT. These qualifications ensure the accountant has undergone rigorous training and adheres to strict ethical and professional standards. Membership in these bodies also means they are required to maintain their knowledge through continuing professional development, keeping them up to date with the latest tax laws and regulations.
How can an accountant help with my Self Assessment tax return?
An accountant can prepare and submit your Self Assessment tax return accurately and on time, ensuring you pay the correct amount of tax. They will identify all allowable expenses, such as professional subscriptions, indemnity insurance, and equipment costs, and help you take advantage of any applicable reliefs. This can significantly reduce your tax liability and save you time and stress.
What is the role of an accountant in managing VAT for a private practice?
If your private practice exceeds the VAT registration threshold, you must charge VAT on your services. An accountant can advise you on whether to register voluntarily, help you complete VAT returns, and ensure you claim input tax on eligible purchases. They can also guide you on the best VAT scheme for your practice, such as the flat rate scheme, to simplify your accounting.
Can an accountant help with Corporation Tax for a limited company?
Yes, if you operate your private practice through a limited company, an accountant will manage your Corporation Tax affairs. They will prepare your company accounts, calculate your tax liability, and ensure your tax return is filed with HMRC on time. They can also advise on salary versus dividend strategies to minimise your overall tax burden whilst staying compliant with tax legislation.
How do I choose the right accountant from the directory?
When browsing the directory, consider the accountant's specialism in medical finances, their qualifications, and their experience with clients similar to you. Read reviews and testimonials from other doctors to gauge their satisfaction. You can also contact the firms directly to ask about their approach to pension planning, tax efficiency, and how they communicate with clients. This will help you find a professional who fits your needs.
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