
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

TITUS ACCOUNTS LTD
I know that telling you the truth won’t make me very popular with other accountants. If I'm honest I never liked them much anyway. Chances are (if yo...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

DIrect Assist accountants Ltd
Direct Assist accountants Ltd is one of the fastest growing chartered accountants firm serving businesses and individuals from different industries fr...See More

BARNES MAYER LIMITED
Barnes Mayer Ltd is an independent, family run business providing accounting and taxation services throughout Maidenhead, Berkshire and Buckinghamshir...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

Hayes Accountants
Hayes Accountancy is your local accountancy service provider & part of the group BNW Accountants & Tax Consultants. We offer high-quality accounting a...See More

EXPEDIENT ACCOUNTANCY
Expedient Accountancy Limited provides a wide range of expert accounting services. We are a partnership of 3 Chartered Certified Accountants with more...See More

City Tax London
City Tax London provides unparalleled personalized accounting services and th...

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

The Bean Counters Accountants LLP
Established in 2011, The Bean Counters Accountants is a growing accounting firm in Maidenhead which specializes in cloud accounting and bookkeeping, p...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

Financial Partnership London
The Financial Partnership LLP, London, is a young, dynamic and innovative firm of Accountants & Business Advisors who can help improve the performance...See More

MINT FORMATIONS LTD
We have over 100 years of combined industry experience, having worked with hundreds of startups and small businesses in every industry imaginable. We ...See More

Yourtaxhelp
Our motto is “Accountants and Tax Advisers with simple technology”. We will not stop being innovative or using cutting edge technology to help you out...See More

Taxeasy Ltd
TaxEasy Ltd is an experienced and proactive firm of certified accountants and bookkeepers offering high quality accounting services to clients through...See More

Tax Cruncher
Tax Cruncher is an online accounting &Tax consulting firm serving clients nationwide. Our aim is to help SMEs to grow their business by crunching thei...See More

Marden & Co Accountants Ltd
We are a two partner accountancy practice based in Epsom, serving Sutton, Banstead, Reigate, Dorking & across Surrey. We provide professional accounta...See More

Numerii Ltd
Informed financial support for your business. We are a small, friendly and highly motivated team who offer a professional and efficient service to our...See More
Frequently asked questions
What specific tax reliefs can accountants claim for doctors?
Accountants specialising in medical finances can claim reliefs for professional subscriptions, indemnity insurance, equipment, and travel expenses that are wholly and exclusively for work. They also ensure that any expenses related to your practice, such as locum cover or study costs, are correctly recorded. By using a specialist, you can maximise your allowable deductions and reduce your overall tax liability.
How do I choose between an ACCA, ICAEW, or AAT qualified accountant?
All three qualifications demonstrate a high level of competence and are regulated by recognised bodies. ACCA and ICAEW members are often chartered and can provide broader business advice, while AAT qualified accountants are excellent for day-to-day bookkeeping and tax return preparation. Your choice depends on the complexity of your financial affairs and the level of ongoing support you require.
Will an accountant help me with my Self Assessment tax return?
Yes, most accountants will prepare and submit your Self Assessment tax return to HMRC on your behalf. They will gather all necessary income and expense information, calculate your tax liability, and ensure that you claim all relevant reliefs. This service is particularly valuable for doctors with multiple income sources, such as private practice, teaching, or locum work.
What should I look for in an accountant who understands doctors' finances?
Look for someone who has experience working with medical professionals and who is familiar with the NHS pension scheme, private practice income, and the specific tax rules that apply to doctors. They should be proactive in offering advice on tax planning and be able to communicate clearly. Checking their qualifications and reading client testimonials can also give you confidence in their ability.
Can an accountant help me with VAT if I am a locum doctor?
If you are a locum doctor and your taxable turnover exceeds the VAT threshold, you must register for VAT. An accountant can advise you on whether registration is beneficial, help you complete your VAT returns, and ensure that you claim input tax on relevant purchases. They will also keep you compliant with HMRC regulations, avoiding penalties for late submissions.
How often should I meet with my accountant for financial planning?
It is advisable to meet at least twice a year, once for tax planning before the end of the tax year and once to review your annual accounts. However, your accountant should be available throughout the year for queries and advice, especially if your circumstances change, such as a new job, a practice merger, or a property purchase. Regular communication helps you stay on top of your finances.
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