
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

Kings Oak Accountancy
Accountants based in Bristol, Bath & Somerset providing accounting and tax services to small and medium size owner-managed businesses. Our services in...See More

KINGS OAK ACCOUNTANCY (SOMERSET) LTD
We are a small firm of Accountants based in Somerset. Michael is a fellow of the Chartered Institute of Management Accounting with over 30 years expe...See More
HUBBLE ACCOUNTANCY LTD
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TKI Bookkeeping & Accounts
Hello and welcome to my site, I am qualified by the The Institute of Certified Bookkeepers and have attained highest level qualification, Level 4 Dipl...See More
Purnells - Licensed Insolvency Practitioners
As insolvency practitioners we also specialise in interpreting the legislation set out in The Insolvency Act 1986, The Insolvency (England and Wale...

Williamslester Brilliant Accounting Services
Our range of services are provided by fully qualified and experienced staff who always monitor, advise and review both new and existing clients. This ...See More
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MARLIS BOOKKEEPING & ACCOUNTANCY
The team comprises of Marion and Lisa, a mother and daughter combination, who offe...

Financial Claims Consultants
Financial Claims Consultants offer No Win No Fee Pension Claims – we help clients&...

Woody's Payroll & Bookkeeping Services
Here at Woody's we have years of experience in providing a dedicated, professional and highly personal service to our clients. We offer a wide range 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

Bell Stanley Accountants
Welcome to Bell Stanley Accountants page.
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

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

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

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

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

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

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
Frequently asked questions
What specific tax issues do accountants for doctors handle?
Accountants for doctors specialise in areas such as the NHS pension scheme annual allowance, which can be complex due to the tapered annual allowance. They also manage income from multiple sources, including locum work and private practice. They ensure that all allowable expenses are claimed correctly and that your Self Assessment tax return is submitted accurately and on time to HMRC.
Why is it important to choose an ACCA or ICAEW qualified accountant?
Choosing an accountant who is qualified with a recognised body like ACCA or ICAEW provides assurance of their professional competence and ethical standards. These qualifications require rigorous training and ongoing professional development. This means they are up to date with the latest tax laws and HMRC regulations, ensuring your financial affairs are managed to the highest standard.
Can an accountant help me with my NHS pension scheme annual allowance?
Yes, absolutely. The NHS pension scheme annual allowance can be complicated, especially with the tapered annual allowance for higher earners. A specialist accountant for doctors can calculate your pension growth, identify any potential tax charges, and advise on strategies to manage these effectively. They can also help with scheme pays elections to settle any tax due from your pension savings.
What is the difference between a Self Assessment tax return and Corporation Tax?
A Self Assessment tax return is used by individuals, including sole traders and partners, to report their income and capital gains to HMRC. Corporation Tax is a tax on the profits of limited companies. If you operate your medical practice through a limited company, you will need to file both a Corporation Tax return and a personal Self Assessment return for your salary and dividends.
How do I find an accountant in Shepton Mallet who understands my needs as a doctor?
Using a directory like AccountingFirms.co.uk allows you to filter accountants by their specialisms, including those who focus on medical professionals. You can browse profiles, read client reviews, and compare providers. Look for firms that highlight experience with doctors, and check their qualifications with bodies such as ACCA, ICAEW, or AAT to ensure they meet your requirements.
What should I look for when comparing accountants for my medical practice?
When comparing accountants, consider their experience with medical clients, their professional qualifications, and the range of services they offer. Look for proactive advice on tax planning, VAT, and payroll. Also, consider their communication style and whether they offer fixed-fee packages. It is wise to arrange an initial consultation to discuss your specific situation and assess if they are a good fit for you.
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