
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

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
Frequently asked questions
Why do healthcare professionals need specialist accountants?
Healthcare professionals often have complex income streams, including NHS work, private practice, and locum shifts. Specialist accountants understand medical pension rules, allowable expenses for equipment and training, and the tax treatment of different income types. This reduces the risk of errors and helps ensure tax returns are accurate and submitted on time to HMRC.
What qualifications should I look for in a healthcare accountant?
Look for membership of recognised bodies such as ACCA, ICAEW, or AAT. These qualifications indicate that the accountant has met professional standards and follows ongoing training requirements. Regulated accountants can handle tax returns, VAT, Corporation Tax, and Self Assessment, and they often carry professional indemnity insurance for added reassurance.
Can an accountant help with HMRC investigations?
Yes. A qualified accountant can represent healthcare professionals during HMRC enquiries and help prepare the necessary records and explanations. They can correspond with HMRC on your behalf, reducing stress and ensuring deadlines are met. Early professional support is important because it can help resolve issues more efficiently and minimise potential penalties.
How does VAT affect healthcare businesses?
VAT rules for healthcare can be complex because some medical services are exempt whilst others are standard-rated. A VAT-registered accountant can assess whether your practice must register, help with partial exemption calculations, and ensure returns are accurate. This avoids unexpected VAT liabilities and helps maintain compliant records for HMRC.
What is the benefit of using AccountingFirms to find an accountant?
AccountingFirms was established in 2019 and built by ICAEW and ACCA accountants. It allows users to browse and compare qualified professionals in one place. Healthcare professionals can review firms, check specialisms, and connect with accountants who understand the sector, making it easier to choose a suitable adviser.
Do healthcare accountants help with Self Assessment and Corporation Tax?
Yes. Accountants assist with Self Assessment for sole traders and partners, and with Corporation Tax for limited companies. They can prepare accounts, calculate liabilities, and submit returns to HMRC. This ensures compliance and can identify allowable deductions, helping healthcare professionals manage their tax position more effectively.
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