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
YBSM PARTNERS
YBSM Partners is a Certified Accounting Firm with a difference. Providing Accounting, T...
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
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
Future Formations Ltd
Future Formations is the new generation of forming companies; we have an expert team on hand to help you take the first step towards your future. Ba...See More
Accounting Made Simple
Accounting Made Simple is a tech-savvy accountancy and bookkeeping organization located in London which assists clients to ru...See More
TaxPert Solutions Limited Certified Public Accountants
We are a small business accountant who provides smart solutions to your business needs. The Care your Business need from Experts Taxpert is a modern,...See More
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
About TaxAssist Accountants Barking At TaxAssist Accountants, we provide a personal and professional accounting service tailored to you. We help star...See More
Enterprise Nation
We help people to start and grow their own business.
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
Reckonwell Finance
We are a distinguished Boutique Virtual Finance Office that champions excellence in financial solutions.
Alpha Tax & Accounting
Alpha Tax & Accounting is an independent firm of Financial Accountants. We can help small businesses, established businesses, start-ups, partnerships,...See More
YOUR COMPANY FORMATIONS LTD
Setting up a new company can often be a daunting especially if you have never run a business before. Your Company Formations are a team of experienced...See More
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
THEFORMATIONSCOMPANY.COM LIMITED
Forming your company is the first step. Together, we’ll make it an easy one. We’ve helped form more than 750,000 companies. Whether you’re taking a ho...See More
@UKPLC
More than 40 years ago Stanley Davis started in the company formations business, offering clients cost-effective prices and quick turn-around UK and o...See More
Earne
Ernst & Young Global Limited, commonly known as Ernst & Young or simply EY, is a multinational professional services firm headquartered in London, Eng...See More
Frequently asked questions
What specific tax issues do doctors face that a specialist accountant can help with?
Doctors often have multiple income sources, including NHS salaries, locum work, and private practice. This can lead to complex tax calculations, especially around pension annual allowance and high-income child benefit charges. A specialist accountant will analyse your total income, identify allowable expenses, and ensure your tax returns are accurate. They can also advise on the most tax-efficient structure for your private work, whether as a sole trader or a limited company, and help you plan for any tax liabilities throughout the year.
How can an ACCA or ICAEW qualified accountant assist with HMRC compliance?
An ACCA or ICAEW qualified accountant is regulated and has extensive knowledge of HMRC rules and procedures. They will ensure that your Self Assessment tax returns are completed correctly and submitted on time, reducing the risk of penalties. They can also handle any correspondence with HMRC on your behalf, including tax investigations, and provide advice on VAT registration if your private practice turnover exceeds the threshold. Their expertise means you can rely on accurate and compliant reporting, giving you peace of mind.
What is the difference between a general accountant and one that specialises in medical finances?
A general accountant can manage standard tax returns, but a specialist in medical finances understands the unique aspects of a doctor's earnings, such as NHS pension schemes, clinical excellence awards, and locum agency fees. They are familiar with the specific allowable expenses for medical professionals, from indemnity insurance to conference fees. This specialist knowledge ensures that you claim every deduction you are entitled to, and they can provide proactive advice on pension contributions and tax planning strategies that are tailored to your career stage.
Can an accountant help me with my NHS pension and annual allowance?
Yes, an accountant who works with doctors can provide crucial advice on your NHS pension, particularly regarding the annual allowance and any potential tax charges. They will calculate your pension input amounts and compare them against your annual allowance, taking into account any carry-forward from previous years. If you face a tax charge, they can help you plan how to pay it, possibly through the NHS scheme pays facility. This is a complex area where specialist advice is invaluable to avoid unexpected tax bills.
What should I look for when choosing an accountant for my medical practice?
When selecting an accountant, look for someone who is registered with a recognised body such as ACCA, ICAEW, or AAT, as this ensures they meet professional standards. It is also important to find someone with experience in the medical sector, as they will understand the nuances of your income and expenses. Consider their communication style and availability, as you will need to discuss your finances regularly. Check reviews and ask for references to ensure they have a track record of helping doctors effectively.
How often should I meet with my accountant to review my financial situation?
It is advisable to have at least two formal meetings a year with your accountant, typically one before the end of the tax year to plan and one after your tax return is submitted to review. However, you may need more frequent contact if your circumstances change, such as taking on new private work or making significant investments. Many accountants offer ongoing support via email or phone, so you can ask questions as they arise. Regular reviews ensure that your tax planning remains effective and that you are not missing out on any new reliefs.
About Accounting Firms
AccountingFirms.co.uk is the UK's dedicated accountant comparison website, helping individuals, sole traders, landlords, startups, and SMEs instantly compare accountancy and tax fees from trusted UK accounting firms.
Find and connect with qualified accountants, tax advisers, bookkeepers, and business advisers using advanced search filters, verified profiles, and genuine reviews aggregated from Google, Trustpilot, Yelp, and other trusted platforms.
Over 26,000+ UK Accountants in One Place
Explore the UK's largest independent directory of accountants regulated by professional bodies including ICAEW, ACCA, AAT, CIMA, CIPFA, AIA, IFA, and other recognised UK accountancy bodies.
Affordable Online Accounting Services
Buy fixed-fee accounting packages online with confidence. Services are delivered by experienced UK-qualified accountants and tax advisers, covering:
A Marketplace for Accountants
For accounting firms, AccountingFirms.co.uk is more than a directory. It's a powerful lead generation platform, accountant marketplace, and business growth hub, helping practices attract new clients, increase online visibility, generate qualified leads, and win more accounting and taxation work across the UK.