Accountants For Doctors

Professional and specialist medical accountants for doctors available throughout the UK

The medical profession and the medical industry are incredibly complex. Whether doctors can focus on their work and give their patients and colleagues their all can literally mean life or death.

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That is why when, as a doctor, you are trying to stay focused on your main role of helping people, you really don’t want to worry about your accounts, bookkeeping and tax. Fortunately, if you engage with medical professional chartered accountants like those that make up our specialist medical team here at Tax Bite.

Your job involves helping people; our job involves helping doctors. We are expert medical accountants for doctors.

Get in touch with our team today for a free quote and how we can help.

Medical Accountants Near Me

Rather than just focusing our attention on doctors and medical professionals working in one city or area in the UK, we provide accountants for doctors throughout the country.

So, whether you are based and working in somewhere like London, Sheffield, Cardiff, Swansea, Glasgow, Edinburgh or Bristol, to name a few, we will be able to provide you with your own accountant.

One that has the experience of working with financial records, tax returns, and doctor’s accounts in the healthcare sector, to offer the practical advice you need.

Why Choose Medical Accountants?

Perhaps you are still not convinced that you need the help of accountants with training in the healthcare sector. Considering this, our team have many years of experience providing help to doctors with their financial accounts, taxation and business advice.

Our wide range of services is available to doctors throughout the country, regardless of their unique circumstances. It doesn’t matter whether they are working in GP practices, as hospital consultants or locums; we can help with literally anything accountancy related.

All we do is fully tailored to the medical professional. Rather than choosing a more general accountancy practice, therefore you can choose Tax Bite and know we understand exactly what’s involved in your job and the financial side.

Every individual doctor, practice and other setup is indeed different from the next, but we offer the same foundational commitment in all work we carry out:

• Developing and maintaining a strong and effective working relationship with you and your practice
• Providing expert, proactive and practical advice to you, your partners and your practice manager
• Reviewing your financial records and statements to make sure your profitability is maximised
• Providing your doctor’s practice with financial statements that have real meaning

Our specialist accountant services include:

• Tax planning
• Personal taxation
• Partnership taxation
• Personal expenses claims review every year
• Payroll advise and processing
• Accounting and bookkeeping software advice
• Superannuation certificates
• Comparative benchmarking
• Partnership agreements advice (in specific financial clauses)
• Practice premises refinancing and surgery developments

Contact one of the Tax Bite team today for more information about the medical profession tax and accounting services we provide. You can use the number listed on this page or the contact us page.

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What Types of Medical Professionals Use Our Services?

There are various working conditions in the modern medical profession; each doctor’s accounts will therefore be different from one practice to another and are not suited to an out-of-the-box approach.

Here at Tax Bite, we have a team of chartered accountants who have collaborated with medical professionals in various capacities. What type of professionals from the medical industry hire us, and how do we help them?

• GP Practices (as a sole trader, partnership or limited liability company) – we support a wide range of accounting activities from tax planning to payroll, VAT returns, cash flow and bookkeeping. With access to the best bookkeeping software in the industry, we can train your staff and provide continued support with implementing the software in practice. We also help with GP practice tax advice.
• Salaried GPs – when we work with GPs operating on a salaried basis, we can help with tax return preparations, guidance on the expenses you can claim, discuss tax planning ideas, Type 2 Superannuation certificate preparations, and offer the support you will need if you are ever interested in forming a GP partnership.
• Locum Doctors – Tax Bite has been working with locum doctors for numerous years, providing them with tax returns and accounts preparation, tax planning advice, advice on expenses, locum form requirements, and giving the support necessary if you’re looking to start a GP partnership.
• Consultants – we have a wide variety of accounting services for consultant doctors, such as tax enquiries, accounts and tax returns preparations, expenses advice, and national insurance compliance. We also help with income tax & tax bills for medical consultants.
• Private healthcare service providers – when working with private healthcare service providers, we can offer the best advice on the best business structure to ensure you maximise your facility’s revenue while minimising its tax liabilities. This is just the first step we take. Furthermore, we can help private healthcare providers with tax return preparation and advice, directors’ tax returns, company secretarial support, tax planning and a comprehensive selection of professional accounting services like payroll, VAT returns, cash flow forecasts, and, of course, bookkeeping.

Whatever kind of medical practice you run, we can provide you with professional support, advice and recommendations. Please contact our team today for more information by using the contact details below or clicking through to our contact us page.

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What Expenses Can Professionals in the Medical Sector Claim?

The subject of tax is complicated, so it’s easy to understand why there are so many questions about it. Many of the most common questions we get about tax for doctors revolve around the tax rebates and expenses that doctors can claim on their tax returns.

The core of this matter is that the expenditure that qualifies must be wholly, exclusively and necessarily incurred while the doctor performs their duties. These include:

• Professional dues – subscription fees to medical associations or societies that provide representation to medical professionals and help to protect their patient’s interests. Some of the main groups operating in the UK include the Royal College, Medical Protection Society, Medical Defence Union, British Medical Association, and General Medical Council.
• Travel and also accommodation expenses accumulated between different hospital bases – there are certain circumstances when travel and even meal expenses made while travelling to and from temporary locations can be claimed back as tax rebates.
• Telephone expenses spent while on call
• Medical equipment – professionals can claim tax relief on personal use and work expenses on medical equipment like operating glasses, stethoscopes, footwear, and scrubs.
• Specialist conferences and education training courses – tax relief is allowed by HMRC for books and training courses if they are an integral part of their employment and duties related to employment.

For more information about the tax relief, tax rebate and expenses you can claim as a medical professional, please contact one of our team today.

Areas We Cover

We cover areas such as:

• Solihull – Accountant Solihull
• Bolton – Accountant Bolton

Other Medical Industries

Here are a list medical industries that we help with:

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At Tax Bite Accountants, we know how difficult it is to operate any form of medical practice or service in the modern healthcare industry. There have been a lot of changes and evolutions over the years, and thanks to the variety of different working circumstances and environments, there is a lot you need to be aware of when running a medical practice or working in a hospital.

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We provide professional, qualified and certified advice and services. With these, you can unburden yourself of the stresses and time-consuming tasks involved with trying to manage your accounts and taxes.

When you are not worrying about preparing tax returns, payroll, expenses, financial accounts and other accounting issues, you have more time to spend doing what you do best – helping people.