Medical Accountants in London
Being brilliant at medicine and being on top of your finances are two completely different skills. You’ve mastered one. Let us handle the other.
From running a practice to managing individual tax returns as a consultant or GP, medical accounting requires a level of precision that standard high-street firms simply cannot provide.
At Accotax, we have built our specialised service to fill that gap.
As your trusted medical accountants in London, we don’t just file your returns at the end of the year. We work alongside you year-round to structure your business, optimise your expenses, and secure your financial future.
What Makes Medical Accounting Different From Regular Accounting?
Medical professionals may have several financial streams running at the same time. You might have NHS salary, private clinic income, locum shifts and pension contributions all landing in the same tax year.
A dedicated medical accountants professionals understands how these different revenue streams interact. They ensure you do not get hit with surprise high-earner tax traps or incorrect National Insurance liabilities.
That is why choosing an accountant for medical doctors can make sense. They keep you safe from costly HMRC audits while actively spotting opportunities to lower your tax bill.
What Services Do Medical Accountants At Accotax Offer?
Our medical accounting services cover everything a healthcare professional could need under one roof. Our medical accountants know that your schedule is unpredictable, so we make your financial life as automated and seamless as possible.
- NHS Pension & Superannuation Tracking: We monitor your annual allowance, tapered limits, and lump sum allowances to prevent sudden, expensive tax hits.
- Practice Accounts & Management: Complete financial support for GP partnerships, dental clinics, and private consultants to keep overheads low and profits high.
- Locum & Consultant Tax Returns: Clear structures for individuals balancing multiple income streams, ensuring correct expense claims for equipment, training, and travel.
- Smart Cloud Bookkeeping: Real-time digital access to your financial health, making it simple to upload receipts and track earnings on the go.
- Self Assessment Tax Returns: You may have NHS employment income alongside private fees, locum work, partnership income or other sources of income. Our accountants for medical professionals service can help bring the relevant figures together for your Self Assessment return.
- Payroll: If you employ reception staff, nurses, administrators or other members of staff, payroll becomes another part of running your practice. Our payroll accountants team can help with payroll processing, payslips, PAYE and related reporting requirements.
How Do We Save Time and Money For Medical Doctors?
As a medical professional, time is your most valuable asset. Hence, you shouldn’t waste it staring at spreadsheets late at night. When you choose an expert accountant for medical doctors, you get an automated financial system. We implement modern and cloud-based tools. They allow you to photograph receipts on your phone even between patient appointments.
More importantly, as expert accountants for medical professionals, we know exactly what expenses a medical professional can legally claim. From professional indemnity insurance and GMC fees to specialised equipment and course travel, we uncover hidden deductions that general accountants often overlook.
What We Offer Based on Your Business Structure
Compliance
- Bookkeeping
- Annual /Year End Accounts
- VAT Returns
- Confirmation Statement
- Payroll & PAYE
- Workplace Pensions
- Management Accounts
- Budgeting & Forecasting
Tax Advisory & Automation
- Company Tax Returns
- Personal Tax Returns
- R&D Tax Credits
- EIS/SEIS
- Capital Allowances
- Part Time FD
- Accounting System Automation
- Apps Integrations
Setup & Others
- Company Registration
- PAYE Registration
- VAT Registration
- Personal Tax Registration
- Company Secretarial Services
- Business Advisory Services
- Tax Investigation Insurance
- Business Growth IDeas
- Accounts Receivables
- Accounts Payable
Compliance
- Bookkeeping
- Annual /Year End Accounts
- VAT Returns
- Confirmation Statement
- Payroll & PAYE
- Workplace Pensions
- Management Accounts
Tax Advisory & Automation
- Company Tax Returns
- Personal Tax Returns
Setup & Others
- Company Registration
- PAYE Registration
- VAT Registration
- Personal Tax Registration
- Company Secretarial Services
- Tax Investigation Insurance
Compliance
- Bookkeeping
- Annual /Year End Accounts
- VAT Returns
- Confirmation Statement
- Payroll & PAYE
- Workplace Pensions
- Management Accounts
- Budgeting & Forecasting
Tax Advisory & Automation
- Company Tax Returns
- Personal Tax Returns
- Capital Allowances
- Accounting System Automation
- SPV Tax planning
- SPV Restructuring
Setup & Others
- SPV Registration
- PAYE Registration
- VAT Registration
- Personal Tax Registration
- Company Secretarial Services
- Business Advisory Services
- Tax Investigation Insurance
- Business Growth IDeas
Compliance
- Bookkeeping
- LLP Accounts
- VAT Returns
- Confirmation Statement
- Payroll & PAYE
- Workplace Pensions
- Management Accounts
- Budgeting & Forecasting
- Partnership Tax Return (SA800)
Tax Advisory & Automation
- Self Assessment Returns for Partners
- Capital Allowances
- Accounting System Automation
Setup & Others
- LLP Registration
- PAYE Registration
- VAT Registration
- Personal Tax Registration
- Company Secretarial Services
- Business Advisory Services
- Tax Investigation Insurance
- Business Growth IDeas
Compliance
- Bookkeeping
- Self Employed Accounts
- VAT Returns
- Payroll & PAYE
- Workplace Pensions
- Budgeting & Forecasting
- CIS Returns (if in construction industry)
Advisory & Automation
- Self Employed Tax Returns & Personal Tax Returns
- Capital Allowances
- Accounting System Automation
- Apps Integrations
Setup & Others
- Self Employed Registration
- PAYE Registration
- VAT Registration
- Personal Tax Registration
- Business Advisory Services
- Tax Investigation Insurance
- Business Growth Ideas
- Switching to Ltd company
- MTD - ISTA
Compliance
- Bookkeeping
- Property Accounts
Tax Advisory & Automation
- Personal Tax Returns
- Capital Allowances
- Accounting System Automation
- Apps Integrations
Setup & Others
- Personal Tax Registration
- Tax Investigation Insurance
- Making Tax Digital Setup
Compliance
- Bookkeeping
- Property Accounts
Tax Advisory & Automation
- Personal Tax Returns
- Capital Allowances
- Accounting System Automation
- Apps Integrations
Setup & Others
- Non-Resident Landlord Scheme (NRL) Registration
- Personal Tax Registration
- Tax Investigation Insurance
Compliance
- Bookkeeping
Tax Advisory & Automation
- Personal Tax Returns
- EIS/SEIS Reporting
Setup & Others
- Personal Tax Registration
- Tax Investigation Insurance
Compliance
- Bookkeeping
- Annual /Year End Accounts
- Yearly Statement
- Management Accounts
- Budgeting & Forecasting
Tax Advisory & Automation
- Overseas Entity Tax Returns
Setup & Others
- Register as an Overseas Entity
- Tax Investigation Insurance
- Company Secretarial Services
Compliance
- Bookkeeping
- Partnership Accounts
- VAT Returns
- Payroll & PAYE
- Workplace Pensions
- Management Accounts
- Budgeting & Forecasting
Tax Advisory & Automation
- Partnership Returns
- Personal Tax Returns
- Part Time FD
- Accounting System Automation
- Apps Integrations
Setup & Others
- Partnership Registration
- PAYE Registration
- VAT Registration
- Personal Tax Registration
- Business Advisory Services
- Tax Investigation Insurance
- Business Growth Ideas
- Switching to Ltd company
FAQs - Medical Accountants in London
What does a medical accountant do?
A medical accountant helps doctors and medical businesses deal with accounting, tax and financial records. At Accotax, our medical accountants can assist with bookkeeping, annual accounts, Self Assessment, payroll, and practice accounting.
Do medical accountants work with GPs?
Yes. Medical accountants can work with GPs, GP partners and medical practices. The work may include practice accounts, partnership accounting, tax returns, bookkeeping, payroll and support with NHS-related financial matters.
Can medical accountants help with the NHS pension annual allowance?
Yes, this is one of the most common reasons doctors come to us. The annual allowance and tapering rules catch a lot of consultants and senior GPs off guard. This sometimes also results in unexpected tax charges. As expert medical accountants, we calculate your position properly and help you plan around it before it becomes a problem.
What specific expenses can medical doctors claim back?
Many professionals miss out on thousands of pounds in savings simply because they do not know what is allowable. Our medical accounting services ensure that you are claiming for every legitimate expense. This includes GMC fees, Royal College memberships, professional indemnity insurance, specialised equipment, examination fees, and business-related travel.
Can Accotax accountants for medical doctors help with setting up a private clinic?
Yes, this is exactly the kind of thing we handle regularly. We guide you through the entire setup process, from deciding whether to trade as a sole trader or a limited company to assessing if any of your services fall outside the medical VAT exemption. We will also help you set up proper bookkeeping from day one so your clinic starts off on a solid financial footing.
Do you provide medical accountants in London and across the UK?
Yes. Accotax provides accounting support for medical professionals and practices across the UK. If you are looking for medical accountants in London or an accountant for medical doctors elsewhere in the UK, you can discuss your requirements with our team and find out which services you need.
How do we get started with Accotax?
Simply book an introductory call with our team. We will review your current situation, outline a custom plan, and take care of the rest.
Why Businesses Trust ACCOTAX
There are several reasons why you should work with us. Some of them are listed below to make faster & wiser decision.
Tech Driven
We believe in automation,and will help you to automate things.
We are Chartered
Regulated by ICAEW, ACCA & AAT top three accountancy bodies
Experienced Team
Our team has over 100 years of combined experience in total.
Fixed Fee
We agree a fixed fee in advance so no more surprised bills.
Unlimited Support
Free telephone & email support throughout the year.
On-Time Filing
Your Accounts will be filed on time, every time, Guaranteed.
Dedicated Accountant
Meet, Call, E-mail or Skype your dedicated accounts manager.
Tax Insurance
Free Tax Investigation Insurance with Growth Packages.