Doctors are among the highest earners in the UK and, as a result, among the most likely to pay more tax than they need to if their finances are not structured properly. Whether you are an NHS GP, a hospital consultant, a doctor with private practice income, or someone working across several different roles at once, the tax and financial rules that apply to you are more complex than most accountants deal with day to day. We specialise in helping doctors take control of their finances, pay the right amount of tax, and stop losing money to avoidable errors.
We cover everything from day-to-day compliance through to longer term financial planning.
We prepare and file your annual tax return, declaring all sources of income correctly and making sure every allowable expense is claimed so your bill is as low as it legitimately can be.
We calculate your pension input amount each year, assess whether you face a charge, and advise on your options including Scheme Pays if needed.
If you earn private income and are considering using a limited company, we advise on whether this makes sense for your situation, set it up correctly and prepare your company accounts and tax return each year.
From GMC registration and medical defence fees to CPD costs, specialist equipment and home office expenses, we make sure you are claiming everything you are entitled to.
We keep a clear record of all your income throughout the year, so your tax return is straightforward and there are no last-minute panics pulling everything together.
We manage all your deadlines and submissions, so you are never at risk of a fine, a late filing penalty or an investigation from HMRC due to an avoidable error.
We work with doctors throughout the year, not just when a deadline is looming.
An accountant who already understands how doctors are paid and taxed
Plain English advice whenever you need it without being billed for every question
A tax bill that accurately reflects your position with no overpaying and no nasty surprises
Your NHS pension position reviewed so you are never surprised by a large tax charge
Many doctors are receiving unexpected tax bills of tens of thousands of pounds because their NHS pension has grown faster than the annual allowance that HMRC permits. This is not a penalty for doing anything wrong, it is simply a consequence of how the NHS pension scheme works and how HMRC calculates pension growth. But if it is not managed proactively it can come as a serious shock.
We help doctors understand their pension position, calculate whether they are likely to face an annual allowance charge, and explore options such as Scheme Pays, which allows you to have the charge paid directly from your pension rather than out of your own pocket. This is not something every accountant is familiar with, but it is something we deal with regularly.
Something we see often: doctors who have received a large annual allowance tax charge through their self-assessment but were never told it was coming and had no cash set aside to pay it. With the right planning this is avoidable, or at least manageable, if you know about it early enough.
If you have not had your pension position reviewed recently, it is worth doing before your next self-assessment deadline.
Your financial needs as a doctor depend a lot on your career stage and how your income is structured. We support all the following.
GP partners share in the profits and losses of their practice and have their own personal tax obligations on top. We handle your partnership accounts, your personal tax return, and advise on how to structure your income and drawings in the most efficient way.
Even as a salaried GP you may have additional income from out of hours work, extended access sessions or private reports and letters. We make sure all of this is declared correctly and that you are claiming every allowable expense against it.
Consultants often have NHS employment income alongside private practice income, sometimes earned through a limited company and sometimes directly. We help you structure this correctly, handle your self-assessment, and manage the tax implications of private fees.
Whether you see private patients, write medico legal reports, or do private work alongside your NHS role, any income outside of your PAYE salary needs to be declared and taxed correctly. We make sure this is handled properly and that you are not overpaying.
Expert Chartered Certified Accountants helping UK businesses protect and grow their income.
Friendly support from a local team that understands your business. Book your free consultation today and take the first step towards financial clarity and peace of mind.
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74 St James Road, Blackburn, BB1 8ET
We work with clients across the UK, so you can get support wherever you are
