
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

EFJ CONSULTING LTD
We are the firm of Chartered Certified Accountants based in London. We provide professional and practical help with all aspects of accountancy and tax...See More

MONEYTREE FINANCIAL LTD
Moneytree Financials' focus is to provide clients with useful, relevant and meaningful services aimed at supporting and guiding your business as it mo...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

Accounting Made Simple
Accounting Made Simple is a tech-savvy accountancy and bookkeeping organization located in London which assists clients to ru...See More

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

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
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

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

YBSM PARTNERS
YBSM Partners is a Certified Accounting Firm with a difference. Providing Accounting, T...

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

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
Enterprise Nation
We help people to start and grow their own business.

MQPLUS LTD
MQplus LTD provides accurate, flexible and cost-effective managment accounting services for sole traders,partnerships and Limited Companies

Coman And Co Ltd
Chartered Tax Advisers and Chartered Certified Accountants, we offer assistance with tax return compliance and specialist tax consultancy services for...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

@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
Frequently asked questions
Why do doctors need specialist accountants rather than a general practitioner?
Doctors have unique financial circumstances including multiple income sources, complex pension rules, and specific allowable expenses. Specialist accountants understand the NHS pension scheme, annual allowance limits, and tax reliefs for medical equipment and indemnity insurance. They can also help with private practice income and partnership structures, ensuring you remain compliant with HMRC whilst optimising your tax position.
What qualifications should I look for in an accountant for my medical practice?
You should look for an accountant who is a member of a recognised professional body such as ACCA, ICAEW, or AAT. These qualifications ensure the accountant has passed rigorous exams and follows strict ethical guidelines. Additionally, check that they have experience working with doctors and understand the specific tax rules that apply to medical professionals, including the handling of Self Assessment and Corporation Tax where relevant.
How can an accountant help me with my Self Assessment tax return?
An experienced accountant will gather all your income details, including NHS salary, private work, and any other earnings. They will identify all allowable expenses, such as professional subscriptions, courses, and equipment, to reduce your taxable income. They will also ensure your return is submitted accurately and on time to HMRC, avoiding penalties and reducing the risk of an investigation into your affairs.
What is the annual allowance and how can an accountant help me manage it?
The annual allowance is the maximum amount you can contribute to your pension each year before a tax charge applies. For doctors, the tapered annual allowance can reduce this limit based on your income. An accountant can calculate your available allowance, advise on carry forward rules, and help you plan contributions to avoid unexpected tax bills. They can also assist with scheme pays elections to settle charges through your pension fund.
Should I register for VAT if I have a private practice?
If your taxable turnover exceeds the VAT registration threshold, you must register for VAT. An accountant can review your income and advise whether registration is compulsory or voluntary. They will also help you manage VAT returns, claim input tax on eligible purchases, and ensure you comply with HMRC requirements. For private practice, there may be exemptions or special schemes that could benefit you.
How do I choose the right accountant from the directory?
Start by browsing the firms listed in the directory and filter by location and specialism. Review each firm's profile, qualifications, and client reviews. Look for those with experience in the medical sector and check their accreditations with bodies like ACCA or ICAEW. You can then contact a few to discuss your needs and compare their services and fees before making a decision.
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