
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

Bell Stanley Accountants
Welcome to Bell Stanley Accountants page.

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
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MARLIS BOOKKEEPING & ACCOUNTANCY
The team comprises of Marion and Lisa, a mother and daughter combination, who offe...

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
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...

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
This listing was generated using publicly available data to enhance visibility for businesses. If this is your business, claim your profile to update details.

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

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

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
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R Albert Accountancy Ltd
We are an AAT Licensed accountancy practice providing a professional and friendly service. A new accountancy practice offering fantastic one to one s...See More
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

MRC Accounting Services
Providing accounting services and solutions
Frequently asked questions
What specific tax issues do accountants for doctors handle?
Accountants for doctors specialise in areas like NHS pension annual allowance charges, locum income, private practice earnings, and self-employment tax. They ensure your Self Assessment tax return is accurate, claim all allowable expenses, and help with VAT if your practice is registered. They also advise on the tax implications of moving between NHS and private work, ensuring you comply with HMRC regulations whilst minimising your tax bill.
How do I choose between an ACCA, ICAEW, or AAT qualified accountant?
All three qualifications indicate a high level of competence, but the right choice depends on your needs. ACCA and ICAEW members are fully qualified chartered or certified accountants, capable of handling complex tax and business advice. AAT members are accounting technicians, ideal for bookkeeping and basic tax return preparation. For a doctor with a limited company or complex pension issues, a fully qualified ACCA or ICAEW accountant is often the best choice.
Why do doctors need a specialist accountant rather than a general one?
Doctors have unique financial circumstances, including the NHS pension scheme, which has complex annual allowance rules that can lead to unexpected tax charges. A specialist accountant understands these nuances and can structure your finances to avoid or mitigate these charges. They are also familiar with the tax treatment of locum work, private practice income, and clinical excellence awards, ensuring you do not miss out on valuable reliefs.
Can an accountant help me with my NHS pension annual allowance tax charge?
Yes, absolutely. The annual allowance for pension contributions can be exceeded due to the way NHS pension benefits are calculated, leading to a significant tax charge. A specialist accountant can calculate whether you have exceeded the allowance, advise on whether to use the 'scheme pays' facility, and help you plan your contributions to minimise future charges. They can also assist with the McCloud remedy, which affects many doctors' pension benefits.
What should I look for when comparing accountants for doctors?
When comparing providers, look for experience with medical professionals, relevant qualifications such as ACCA or ICAEW, and a proactive approach to tax planning. Check if they offer year-round support and whether they are registered with HMRC to file tax returns electronically. Reading reviews and asking for references from other doctors can also be helpful. The directory allows you to compare these aspects side-by-side to make an informed choice.
How often should I meet with my accountant to ensure my finances are in order?
It is advisable to have at least two formal meetings a year, but a good accountant will be available for ad-hoc advice throughout the year. You should meet at the end of the tax year to prepare your tax return and again mid-year to review your tax position and plan for the next year. Regular communication helps you stay ahead of any tax changes and ensures you are making the most of your income and pension opportunities.
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