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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

Ashden Accountants
Ashden Accountants are Accountants, Registered Statutory Auditors, Personal and Business Tax Specialists and Business Consultants. We provide accounti...See More

KUBED SOLUTIONS LIMITED
Gouri Kubair, the founding director of the business has over a decade of experience in the field of accountancy. Including 8 years in Deloitte, ...See More

BLUEBIRD ACCOUNTANCY LIMITED
Bluebird Accountancy was created with the needs of modern day contractors and freelancers like you in mind. With modern day accountancy software makin...See More

Accounting4Actors
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Ahmed-Cliffords Ltd
Ahmed-Cliffords has grown to become one of the region's most successful accountants and tax consultancy offices. From simple beginnings, when we wer...See More

MQPLUS LTD
MQplus LTD provides accurate, flexible and cost-effective managment accounting services for sole traders,partnerships and Limited Companies

AWS ACCOUNTANTS (LONDON) LLP

SARA COOPERS ACCOUNTANTS LTD
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Rochvilles & Co Accountants Ltd
Welcome to the Rochvilles & Company website. We are glad that you make the time and effort to visit us. The website has being designed to provide you ...See More

TaxAssist Accountants
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Southall Accountants
We are the only accountants in the city who are dedicated to groom your business for growth. If you are a business owner, who is putting in the hard w...See More

KHAWAR & CO LTD
Khawar & Co Ltd is an active company located in London, Greater London. We are specialist accountancy firm, ready to help you with different accountan...See More

John Lavender accounting ltd
John Lavender Accounting Firm is a beacon of precision and expertise in the financial landscape. With a legacy steeped in integrity and excellence, we...See More

MONEYTREE FINANCIAL LTD
Moneytree Financials' focus is to provide clients with useful, relevant and meaningful services aimed at supporting and guiding your business as it mo...See More

YBSM PARTNERS
YBSM Partners is a Certified Accounting Firm with a difference. Providing Accounting, T...

MADE SIMPLE GROUP LIMITED
Founded in 2003, we've formed over 1 million companies and helped thousands of business owners start, run and grow their business. We help you form ...See More
Frequently asked questions
What specific tax reliefs can accountants claim for doctors?
Accountants specialising in the medical profession can claim relief on expenses such as GMC registration fees, medical indemnity insurance, professional journals, and equipment. They also ensure that any home office costs or travel between workplaces are correctly apportioned. By identifying all allowable deductions, they reduce your taxable income and help you retain more of your earnings.
How do I choose between an ACCA and an ICAEW qualified accountant?
Both ACCA and ICAEW qualifications indicate a high level of expertise and adherence to professional standards. The choice often comes down to personal preference or the specific services you require. ACCA members are known for their strong business acumen, whilst ICAEW members have a reputation for technical excellence. You can compare their experience with medical clients in Stortford before deciding.
What records should I keep for my Self Assessment tax return?
You should retain records of all income, including payslips, P60s, and invoices for private work. Keep receipts for expenses such as course fees, travel, and equipment. Bank statements and dividend vouchers are also essential. Organising these documents throughout the year makes it easier for your accountant to prepare an accurate return and reduces the risk of HMRC queries.
Can an accountant help with VAT if I run a private practice?
Yes, if your private practice turnover exceeds the VAT registration threshold, you must register for VAT. An accountant can advise on the most suitable scheme, such as flat rate or standard accounting. They will also ensure your invoices are correct, manage VAT returns, and help you claim input tax on eligible purchases, saving you time and potential penalties.
How often should I meet with my accountant to review my finances?
It is advisable to have a formal meeting at least twice a year, once before the tax year end and once after your Self Assessment return is submitted. However, many doctors benefit from quarterly reviews to discuss cash flow, pension contributions, and any changes in their practice. Regular contact ensures your tax planning remains proactive and aligned with your goals.
What happens if HMRC investigates my tax return?
If HMRC opens an enquiry into your tax return, your accountant can act as your representative. They will gather the necessary evidence, respond to HMRC's queries, and negotiate on your behalf. Having a qualified professional manage the process reduces stress and ensures your rights are protected. Their expertise often leads to a quicker resolution with minimal disruption to your practice.
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