
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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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

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

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

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

Bell Stanley Accountants
Welcome to Bell Stanley Accountants page.

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
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
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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

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

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
Frequently asked questions
What specific services do accountants for doctors typically offer?
Accountants for doctors typically offer services such as preparing and filing Self Assessment tax returns, managing HMRC correspondence, advising on NHS pension contributions, and structuring private practice income. They also assist with VAT registration, Corporation Tax for limited companies, and payroll for any staff. Additionally, they provide tax planning to help you minimise liabilities and ensure you claim all allowable expenses, such as professional memberships and medical indemnity insurance.
How can an accountant help me with my NHS pension and tax?
An accountant can help you understand how your NHS pension contributions affect your annual allowance and whether you face any tax charges. They can analyse your pension growth and advise on options such as scheme pays to manage any additional tax liabilities. By working with an accountant, you can plan your contributions effectively and avoid unexpected tax bills, ensuring that your pension remains a valuable part of your overall financial strategy.
What qualifications should I look for in an accountant?
When choosing an accountant, look for qualifications from recognised professional bodies such as ACCA, ICAEW, or AAT. These accreditations demonstrate that the accountant has undergone rigorous training and adheres to high ethical and professional standards. Additionally, check that they are registered with HMRC for money laundering supervision and have experience working with medical professionals. This ensures they understand the unique financial challenges doctors face.
Can an accountant help me if I have both NHS and private practice income?
Yes, an accountant can help you manage both NHS and private practice income efficiently. They will ensure that your Self Assessment tax return accurately reflects all sources of income, and they can advise on the best business structure for your private work, such as a limited company or sole trader. They will also help you track expenses related to your private practice, such as equipment, travel, and marketing, to maximise your tax deductions.
How often should I meet with my accountant?
It is advisable to meet with your accountant at least twice a year, once for a tax planning session and once to prepare your year-end accounts. However, you may need more frequent meetings if you are starting a private practice, buying property, or facing a tax investigation. Many accountants offer ongoing support via phone or email, so you can contact them whenever you have a query or need advice on a financial decision.
What should I do if HMRC contacts me about a tax discrepancy?
If HMRC contacts you about a tax discrepancy, it is important to respond promptly and seek professional advice from your accountant. They can help you understand the issue, gather the necessary documentation, and communicate with HMRC on your behalf. Your accountant will also assess whether you need to amend previous tax returns and ensure that any penalties or interest are minimised. Acting quickly with professional support can resolve the matter efficiently.
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