
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

Breco Accounting Services
Client centered accountant concentrating on helping small businesses and individuals. Friendly Service, Competitive rates. Payroll Services, Vat Retur...See More

IDEO BUSINESS SERVICES LTD
This listing was generated using publicly available data to enhance visibility for businesses. If this is your business, claim your profile to update details.

TaxKings Tax Made Simple
TaxKings work with owner managed businesses all over the UK. With off...

Stewart Accounting Services
Stewart Accounting Services, Chartered Accountants, is a CA firm with its main office in Alloa, Clackmannanshire. We also have offices in Falkirk and ...See More

Agility Bookkeeping
Agility Bookkeeping is a Xero online bookkeeping firm based in the UK having three offices in Glasgow, Stirling, and Edinburgh. Whether you are a new ...See More

CloudBook Accountants Ltd
Since we were established in 2013, we have done everything online - from getting a quote to signing off your accounts. It's easier and quicker, so it ...See More

Tax Returns - London
At Cheap Tax Returns, we love to give a personalized touch to the service we provide. As an accountancy firm, we understand small business owners and ...See More

LFR Accounting
Accountancy and taxation services

TI Accountancy Limtied
TI Accountancy was established in 2002 by its owner Tracy Irwin, who grew the company organically through her hard work and determination to the Emplo...See More

Sabre Accountants
Sabre Accountants have built up a fantastic reputation as a trustworthy, affordable & reliable accountancy service. We provide accountancy services a...See More

NIXON WILLIAMS LIMITED
Nixon Williams has been providing specialist accountancy services to contractors, freelancers, consultants and interim professionals throughout the UK...See More

LLOYDS ACCOUNTANTS LTD
We offer accounts, taxation and business advisory and support services to a wide range of businesses and individuals, nationwide. We continue to build...See More

Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...See More

Holden Associates
Holden Associates are a family run business founded in 2002, we are located at V12, Merlin Park, a modern purpose-built office in Burscough, Lancashir...See More

GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More

Holdsworth Accountancy
We are a team of experienced, qualified accountants and bookkeepers providing professional services to individuals and businesses within Bradford and ...See More

C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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Frequently asked questions
What specific tax issues do accountants for doctors typically handle?
Accountants for doctors typically manage complex Self Assessment tax returns, which include income from NHS salaries, private practice, and locum work. They also advise on pension annual allowance charges, which are common for higher earners. Additionally, they help with practice expense claims, ensuring that all allowable deductions are identified correctly. For those operating through a limited company, they will handle Corporation Tax and PAYE obligations. Their expertise ensures that all submissions to HMRC are accurate and submitted on time, reducing the risk of penalties.
Why is it important to choose an accountant who is ACCA or ICAEW qualified?
Choosing an accountant who is ACCA or ICAEW qualified provides assurance of their professional competence and adherence to strict ethical guidelines. These qualifications require rigorous examinations and continuous professional development, ensuring the accountant stays up-to-date with the latest tax legislation and accounting standards. This is particularly important for doctors whose financial affairs can be complex. Furthermore, these professionals are regulated, meaning they must maintain a high standard of service and carry appropriate professional indemnity insurance, offering you protection and peace of mind.
How can an accountant help with my NHS pension and tax implications?
An accountant can help you navigate the complexities of the NHS pension scheme, particularly regarding the annual allowance and lifetime allowance. They will calculate your pension input amounts and assess whether you have exceeded the annual allowance, which can trigger a significant tax charge. They can advise on options such as scheme pays, which allows you to pay the tax charge from your pension benefits. By planning effectively, they can help you manage your contributions and avoid unexpected tax bills, ensuring you maximise your retirement savings efficiently.
What should I look for when comparing accountants for my medical practice?
When comparing accountants, look for those who have demonstrable experience working with medical professionals and practices. Check if they are members of a recognised professional body such as ACCA, ICAEW, or AAT, as this confirms their qualifications. Consider the range of services they offer, including tax planning, payroll, and bookkeeping, to ensure they can meet all your needs. It is also wise to read client testimonials or ask for references. Finally, assess their communication style and availability to ensure they are responsive and easy to work with.
Can an accountant help me with VAT registration for my private practice?
Yes, an accountant can provide crucial advice on VAT registration for your private practice. They will help you determine if your taxable turnover exceeds the current VAT threshold, making registration compulsory. If your turnover is below the threshold, they can advise on the benefits of voluntary registration, such as reclaiming VAT on practice expenses. They will also guide you through the process of registering with HMRC and completing your VAT returns accurately and on time. This ensures you remain compliant and manage your cash flow effectively.
How does using a directory like AccountingFirms benefit my search for an accountant?
Using a directory like AccountingFirms simplifies your search by providing a centralised list of professionals who are specifically interested in working with doctors. The platform allows you to compare different firms based on their stated specialisms, qualifications, and location. This saves you time and effort compared to conducting a general internet search. Furthermore, the professionals listed are verified, giving you confidence that they hold the necessary credentials. You can also read their profiles to understand their approach and services before making contact.
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