
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

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

LFR Accounting
Accountancy and taxation services

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

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

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

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

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

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
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
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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

PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...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
Frequently asked questions
What specific tax issues do accountants for doctors handle?
Accountants for doctors are well-versed in the unique tax issues that affect medical professionals. This includes managing income from multiple sources, such as NHS salaries, private practice, and locum work. They also handle pension annual allowance calculations, which can be complex for higher earners. Additionally, they ensure that all allowable expenses are claimed, from professional subscriptions to equipment costs, and they prepare your Self Assessment tax return accurately and on time.
How can an accountant help with my NHS pension and annual allowance?
An experienced accountant can help you understand the NHS pension scheme and the annual allowance rules. They can calculate your pension input amounts and determine if you have exceeded the annual allowance, which could trigger a tax charge. They will advise on how to manage your contributions and potentially use carry-forward rules to minimise any tax liability. This is a crucial area where specialist knowledge can save you a significant amount of money.
What qualifications should I look for in an accountant?
When searching for an accountant, look for qualifications from recognised professional bodies such as ACCA, ICAEW, or AAT. These qualifications ensure that the accountant has undergone rigorous training and adheres to a strict code of ethics. Additionally, they are required to maintain their knowledge through continuing professional development, so you can be confident they are up to date with the latest tax laws and regulations.
Can an accountant help me with VAT if I run a private practice?
Yes, an accountant can assist you with all aspects of VAT if you run a private practice. They will advise you on whether you need to register for VAT, help you with VAT returns, and ensure you are claiming the correct input tax. They can also provide guidance on the VAT treatment of medical services, which can be complex. Having a professional manage your VAT affairs reduces the risk of errors and penalties from HMRC.
How do I know if I need to file a Self Assessment tax return?
Most doctors are required to file a Self Assessment tax return, especially if they have income from sources other than their main employment, such as private work or rental income. An accountant can review your circumstances and confirm whether you need to register for Self Assessment. They will also prepare and submit your return to HMRC, ensuring that you meet all deadlines and pay the correct amount of tax.
What is the benefit of using a specialist accountant for doctors?
A specialist accountant for doctors understands the unique financial challenges you face. They are familiar with the NHS pension scheme, the annual allowance, and the tax implications of locum work. They can provide proactive advice on tax planning, helping you to legally minimise your tax bill. This specialist knowledge means they can identify savings that a general accountant might miss, and they can offer tailored support that fits your career stage.
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