
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

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
Frequently asked questions
What specific tax issues do accountants for doctors handle?
Accountants for doctors specialise in areas such as Self Assessment tax returns, pension annual allowance calculations, and tax relief on professional expenses like indemnity insurance and course fees. They also assist with income from multiple sources, including NHS salaries, locum shifts, and private practice, ensuring all earnings are correctly reported to HMRC.
How can an accountant help with my NHS pension scheme?
An accountant can help you understand your NHS pension annual allowance and any tapered annual allowance that may apply. They can calculate whether you have exceeded the allowance and advise on options such as scheme pays to settle any tax charges. This ensures you do not face unexpected tax bills whilst maximising your pension contributions.
Do I need a specialist accountant if I am a locum doctor?
Yes, locum doctors often have complex tax arrangements, especially if they work through an umbrella company or their own limited company. A specialist accountant can help you decide on the most tax-efficient structure, manage your VAT obligations, and ensure your Self Assessment tax return is accurate, saving you time and money.
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 high ethical standards. Additionally, check that they have experience with medical clients and are registered with HMRC to act as agents.
How can AccountingFirms help me compare accountants in Morden Surrey?
AccountingFirms allows you to browse a curated directory of verified accountants in Morden Surrey. You can compare their specialisms, qualifications, and client reviews side by side. The platform was built by accountants to make your search easier, so you can confidently select a professional who meets your needs.
What should I bring to my first meeting with an accountant?
Bring your P60, P45, any records of self-employed income, expense receipts, and details of your pension contributions. If you have a limited company, include your company accounts and tax returns. Providing these documents helps your accountant analyse your financial position accurately and give you the best advice.
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