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
J. Jervis Accounting Services LTD
THE FINANCIAL MANAGEMENT CENTRE UK LTD
Online firm
Oakes Accounting
Oakes Accounting specializes in providing tailor made accounting services, including bookkeeping, VAT and self assessment to small businesses.
MJF ACCOUNTANCY LIMITED
ACCOUNTS 2U LIMITED
Our director, Howard Turner MAAT ATT, qualified as an accounting and taxation technician in 1995 after training with chartered accountants in Cheshire...See More
BROOKSON LIMITED
Why Brookson? There are plenty of reasons. We’re specialists at dealing with self-employed finances, and have been doing this for over 20 years, so we...See More
C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
Holden Associates
Holden Associates are a family run business founded in 2002, we are located at V12, Merlin Park, a modern purpose-built office in Burscough, Lancashir...See More
GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...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
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
PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...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
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
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...See More
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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Business Partners Accountants & Bookkeepers
An accounting firm for all your accounting and bookkeeping needs Business Partners Accountants & Bookkeepers is a reputable accounting firm serving so...See More
Frequently asked questions
What specific tax issues do accountants for doctors handle?
Accountants for doctors typically manage Self Assessment tax returns, which can be complicated by multiple income sources such as NHS salary, locum shifts, and private practice. They also advise on allowable expenses like indemnity insurance, professional memberships, and equipment. Additionally, they help with pension annual allowance calculations and ensure that any income from research or teaching is correctly reported to HMRC.
How can an ACCA or ICAEW accountant benefit a doctor's practice?
An accountant who is a member of ACCA or ICAEW has undergone rigorous training and adheres to strict ethical and professional standards. They stay current with tax legislation and HMRC requirements, which is vital for doctors who may have complex financial arrangements. Their expertise ensures accurate filings, proactive tax planning, and strategic advice that can reduce your tax burden whilst keeping you compliant with all regulations.
Do I need a specialist accountant if I am a locum doctor?
Yes, locum doctors often have irregular income and multiple placements, making tax calculations more complex. A specialist accountant can help you track your earnings across different trusts and practices, claim all relevant expenses, and manage your Self Assessment tax return effectively. They can also advise on whether operating through a limited company is beneficial for your circumstances, ensuring you make the most tax-efficient choices.
What should I look for when choosing an accountant in Southsea?
When selecting an accountant in Southsea, consider their experience with medical clients, their qualifications from bodies like AAT, ACCA, or ICAEW, and their familiarity with HMRC procedures. It is also important to assess their communication style and availability, as you need someone who can explain complex matters clearly. Reading client reviews and checking their registration with a professional body can provide additional confidence in their ability.
How often should I meet with my accountant to discuss my finances?
It is advisable to meet with your accountant at least twice a year, once for tax planning before the end of the tax year and once to prepare your Self Assessment return. However, you may need more frequent contact if your financial situation changes, such as starting private practice or taking on a new role. Regular communication ensures that you are always aware of your tax position and can make informed decisions throughout the year.
Can an accountant help me with VAT if I run a private practice?
Yes, if your private practice exceeds the VAT registration threshold, your accountant can help you register for VAT and manage your returns. They will advise on the appropriate VAT scheme, such as flat rate or standard accounting, and ensure that you claim input tax correctly. This is particularly important for doctors who may have significant expenses on equipment or consultancy services, as proper VAT handling can save money and avoid HMRC penalties.
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