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
OVAL ACCOUNTANTS LTD
Your Bookkeeping, Accounting And Self Assessment Experts, Here To Bring You The Highest Standard Of Service.
Marden & Co Accountants Ltd
We are a two partner accountancy practice based in Epsom, serving Sutton, Banstead, Reigate, Dorking & across Surrey. We provide professional accounta...See More
TITUS ACCOUNTS LTD
I know that telling you the truth won’t make me very popular with other accountants. If I'm honest I never liked them much anyway. Chances are (if yo...See More
Tax Cruncher
Tax Cruncher is an online accounting &Tax consulting firm serving clients nationwide. Our aim is to help SMEs to grow their business by crunching thei...See More
APRC Accountants
We are a forward thinking firm of Chartered, Certified Public Accountants & Tax Advisers and Chartered Payroll Professionals established in 2005 in th...See More
Cruse + Burke
As one of the leading accountants in Croydon, we are forward thinking in the way we approach your business requirements and the way we give you except...See More
Cruse+Burke
As one of the leading accountants in Croydon, we are forward thinking in the way we approach your business requirements and the way we give you except...See More
Owadally & Kings Partnership
At O&K we aspire to be one of the most forward thinking accountancy firms in Croydon. Our dedicated in-house team, and external specialists, based in ...See More
Central London Accountants
We are proud partners of leading software provider firm Xero, and we can help if you require Xero Accountants in London, Xero training, or need remote...See More
Cheap - Accountants
As a small business owner, your main focus is to work on your business strengths to help it grow, and you can’t just achieve it through juggling every...See More
London Accountants
We have been providing a range of tailored accounting and taxation services to individuals as well as small and medium sized businesses. See More
Taxaccolega Chartered Accountants & Tax Advisers
As one of the brightest firms of chartered accountants in London, UK, Taxaccolega, based in Croydon, combines the passion and creative thinking of a s...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
Abu Umar & Co.
Welcome to Abu Umar & Co. We are a small Accounting firm, based in London, We specialize in dealing with all accounting problems. As we have been o...See More
SG CONTRACTOR ACCOUNTING LIMITED
SG Accounting was established in 1995 to service the accountancy and taxation needs of professional contractors and freelancers. We are based in Winc...See More
Financial Partnership London
The Financial Partnership LLP, London, is a young, dynamic and innovative firm of Accountants & Business Advisors who can help improve the performance...See More
Fitzgeralds Accountants Limited
We are a well established firm of accountants and tax advisors based in South West London, dealing with small businesses and high net worth individual...See More
" Accountify – Chartered Certified Accountants"
A firm of Chartered Certified Accountants based in London and Portsmouth. Accountify is an established brand in Accounting and Tax, serving its client...See More
Frequently asked questions
What specific services do accountants for doctors provide?
Accountants for doctors offer a range of services including preparation of Self Assessment tax returns, advice on pension contributions and annual allowance, management of private practice income, and guidance on setting up and running a limited company. They also assist with VAT registration and returns, and provide tax planning strategies to help you retain more of your earnings. Their expertise is tailored to the unique financial situations that medical professionals encounter throughout their careers.
How do I choose between an ACCA and an ICAEW qualified accountant?
Both ACCA and ICAEW qualifications are highly respected and indicate a strong level of professional competence. The choice often comes down to the specific experience of the accountant with medical clients. You should look for a firm that regularly handles the financial affairs of doctors, as they will be more familiar with the nuances of NHS pensions and locum income. Check their credentials and ask about their experience during an initial consultation to ensure they are the right fit.
Why is it important to use a specialist accountant for my medical practice?
Medical professionals have complex financial structures that general accountants may not fully understand. A specialist will be aware of the tax implications of your various income sources, the rules around pension annual allowance, and the benefits of different business structures. They can help you plan effectively for retirement and ensure you are not paying more tax than necessary. This specialist knowledge can save you significant money and provide peace of mind.
What is the role of an accountant in preparing my Self Assessment tax return?
Your accountant will gather all relevant financial information, including your NHS pay, private earnings, and any other income, and accurately complete your Self Assessment tax return. They will ensure all allowable expenses are claimed and that you are using the correct tax codes. They will also advise you on any payments on account and help you meet HMRC deadlines, avoiding penalties. This service saves you time and reduces the risk of errors.
Can an accountant help me with VAT if I am a doctor?
Yes, an accountant can provide valuable assistance with VAT. While many doctors are not required to register for VAT, those with private practice income above the threshold must do so. An accountant will assess your situation, advise on whether registration is beneficial, and manage your VAT returns. They can also guide you on the correct treatment of your supplies and ensure you are fully compliant with HMRC regulations.
How often should I meet with my accountant to review my finances?
It is advisable to meet with your accountant at least twice a year, once to review your tax planning strategies and once to prepare your year-end accounts. However, you should feel free to contact them whenever you have a significant financial change, such as taking on a new role or purchasing a property. Regular communication ensures that your tax affairs are always up to date and that you are taking advantage of any new opportunities.
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