
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 sources, including private fees, NHS work and locum payments. Specialist accountants understand these structures, ensuring accurate tax returns and helping claim allowable expenses such as professional indemnity insurance, equipment and training costs. They also advise on VAT and Corporation Tax matters relevant to medical practices.
What qualifications should I look for in a healthcare accountant?
Look for credentials such as ACCA, ICAEW or AAT. These professional bodies ensure the accountant meets rigorous standards and stays current with HMRC rules. Membership indicates a commitment to ethics and continuing professional development, giving you confidence that your tax return, VAT and Self Assessment affairs are handled competently.
How can an accountant help with HMRC compliance?
An experienced accountant ensures your tax return is accurate and submitted on time, reducing the risk of penalties. They interpret HMRC guidance for healthcare work, manage VAT registration and returns, and advise on Corporation Tax for limited companies. They also represent you if HMRC queries arise, providing peace of mind.
What is the benefit of using AccountingFirms to find an accountant?
AccountingFirms was established in 2019 and built by ICAEW and ACCA accountants. The directory lets you find and compare professionals listed on AccountingFirms, browse local firms and assess their experience in healthcare accounting. This saves time and helps you choose a verified, regulated provider suited to your practice.
Do healthcare accountants assist with Self Assessment?
Yes, they prepare and file Self Assessment tax returns, ensuring all income and allowable expenses are correctly reported. They help calculate liabilities, claim reliefs such as pension contributions, and meet HMRC deadlines. This is particularly valuable for locums, private practitioners and partners with fluctuating earnings.
Can an accountant help me structure my private practice tax-efficiently?
Absolutely. Qualified accountants advise on whether to operate as a sole trader, partnership or limited company. They consider Corporation Tax, VAT thresholds and profit extraction methods to optimise your tax position. They also plan for retirement and asset protection, ensuring your private practice finances are structured effectively.
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