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

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
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

Bell Stanley Accountants
Welcome to Bell Stanley Accountants page.

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
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
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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

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

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 tax issues do accountants for doctors handle?
Accountants for doctors specialise in areas such as Self Assessment tax returns, NHS pension scheme annual allowance calculations, and tax planning for private practice income. They also manage expenses related to locum work, professional memberships, and equipment. Their expertise ensures you claim all allowable deductions and remain compliant with HMRC regulations, helping you avoid unnecessary tax bills.
How can an ACCA or ICAEW qualified accountant benefit a doctor?
An ACCA or ICAEW qualified accountant brings a high level of professional expertise and ethical standards. They are trained to handle complex financial matters, including tax planning and business advice. For doctors, this means accurate and efficient tax return preparation, strategic pension planning, and proactive advice on income structuring. Their qualifications guarantee a deep understanding of UK tax law and financial best practice.
Do I need a specialist accountant if I am a locum GP?
Yes, a specialist accountant is highly recommended for locum GPs. Locum work often involves multiple income sources, irregular earnings, and unique expense claims. A specialist will help you track your income correctly, set aside funds for tax, and claim all allowable expenses such as mileage, insurance, and professional subscriptions. They can also advise on whether operating through a limited company is beneficial for your circumstances.
What should I look for when choosing an accountant for my medical practice?
When choosing an accountant, look for someone with experience in the medical sector, relevant qualifications such as ACCA, ICAEW, or AAT, and a proactive approach to tax planning. Check that they are familiar with HMRC requirements and can offer services like payroll, VAT, and Corporation Tax if you run a limited company. Reading reviews and comparing firms on directories like AccountingFirms can also help you make an informed decision.
Can an accountant help me with my NHS pension annual allowance?
Absolutely. NHS pension annual allowance rules are notoriously complex, and many doctors face unexpected tax charges. A specialist accountant can calculate your annual allowance, identify any tapered allowance issues, and advise on how to manage potential tax liabilities. They can also help you plan contributions effectively to avoid breaching limits, ensuring you make the most of your pension benefits without incurring unnecessary penalties.
How often should I meet with my accountant?
It is advisable to meet with your accountant at least twice a year, once for a mid-year tax planning review and again before your Self Assessment tax return deadline. However, you may need more frequent contact if your financial situation changes, such as starting private practice or buying property. Regular communication ensures that you stay on top of tax changes and can make informed decisions throughout the year.
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