
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
Modus Accountants Limited
Whether you are looking for advice, inspiration, accountancy services or all three, our integrated services will provide as much or as little su...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

DOLAN ACCOUNTANCY LIMITED
If our name sounds familiar, don’t be surprised. Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. A...See More

The Bean Counters Accountants LLP
Established in 2011, The Bean Counters Accountants is a growing accounting firm in Maidenhead which specializes in cloud accounting and bookkeeping, p...See More

Turner Barratt
At Turner Barratt we believe that we have something unique to offer. Just Corporate Finance Turner Barratt are Chartered Accountants who are dedicate...See More

DEAD SIMPLE ACCOUNTING LTD
Dead Simple Accounting is an expert accounting firm based in Reading, Berkshire. We’ve been supporting the local business community in Reading with a ...See More

BARNES MAYER LIMITED
Barnes Mayer Ltd is an independent, family run business providing accounting and taxation services throughout Maidenhead, Berkshire and Buckinghamshir...See More

TAA CONSULTANTS LTD
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Accounting etc. limited
We are a small firm of Chartered Management Accountants dedicated to providing you with a high quality accountancy service and sound business advice a...See More

SJD ACCOUNTANCY LIMITED
SJD Accountancy is the UK’s largest specialist provider of fixed fee, limited company accountancy services to contractors and freelancers; we’ve been ...See More

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

DIrect Assist accountants Ltd
Direct Assist accountants Ltd is one of the fastest growing chartered accountants firm serving businesses and individuals from different industries fr...See More

QUENTELA ACCOUNTING LIMITED
Quentela Accounting is a family run accountancy practise based in Wokingham, Berkshire. We are a small business but with an emphasis on BIG commitment...See More

Numerii Ltd
Informed financial support for your business. We are a small, friendly and highly motivated team who offer a professional and efficient service to our...See More

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...

MINT FORMATIONS LTD
We have over 100 years of combined industry experience, having worked with hundreds of startups and small businesses in every industry imaginable. We ...See More
Frequently asked questions
What specific tax issues do accountants for doctors typically handle?
Accountants for doctors commonly deal with Self Assessment tax returns, pension annual allowance calculations, and the tax treatment of locum or private practice income. They also advise on expenses that are allowable against medical earnings, such as indemnity insurance, professional memberships, and equipment. For doctors operating through a limited company, they manage Corporation Tax and dividend planning. Their expertise ensures that all income streams are reported correctly to HMRC while maximising legitimate deductions.
How can an ACCA or ICAEW qualified accountant help with HMRC enquiries?
An ACCA or ICAEW qualified accountant brings a deep understanding of HMRC procedures and tax law. If you face an enquiry or investigation, they can handle correspondence, prepare necessary documentation, and represent you before HMRC. Their technical knowledge allows them to respond accurately and promptly, reducing stress and the risk of penalties. They also provide proactive advice to minimise the likelihood of future enquiries by ensuring your tax returns are complete and consistent.
Why is it important for doctors to choose a specialist accountant rather than a general practitioner?
Doctors have unique financial circumstances, including the NHS pension scheme, multiple employments, and potential private work. A specialist accountant understands the interplay between these elements and the specific reliefs available, such as the pension annual allowance taper. They are also familiar with the tax treatment of clinical excellence awards and other medical-specific income. This specialised knowledge can lead to significant tax savings and better long-term financial planning, which a general accountant may overlook.
What should I look for when comparing accountants for doctors in Merton?
When comparing accountants, consider their qualifications, such as ACCA, ICAEW, or AAT membership, and their experience with medical clients. Check whether they offer proactive tax planning and regular communication, not just annual compliance. Look for transparent fee structures and a clear approach to handling HMRC correspondence. It is also helpful to read client testimonials or ask for references from other doctors. A good fit is someone who understands your career stage and financial goals.
Can an accountant help me with VAT if I run a private medical practice?
Yes, an accountant can assist with VAT registration, which may be compulsory if your taxable turnover exceeds the threshold, or voluntary if it benefits your practice. They will advise on whether your services are exempt or subject to VAT, how to account for input tax on purchases, and how to complete VAT returns correctly. For private practices, they can also help with partial exemption calculations if you make both taxable and exempt supplies, ensuring you claim the right amount of input tax.
How often should I meet with my accountant to ensure my tax affairs are in order?
It is advisable to meet at least twice a year, ideally once for tax planning before the end of the tax year and once to review your completed accounts or tax return. However, if your circumstances change, such as starting private work or buying a property, you should contact them sooner. Regular communication helps your accountant stay informed about your income and expenses, allowing them to provide timely advice and avoid any surprises at the year end.
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