Our qualified accountants specialise in finance and tax-related matters associated with medical fields. We provide personalised accounting services to doctors and medical professionals in the UK.
Your dedicated specialist medical accountants will handle everything from finance management, payroll processing, bookkeeping, tax claims, and tax payments to superannuation certificates.
Make informed financial choices for your accountants, payrolls, NHS pension, or private practice.
We can register your partnership with HMRC for , either online or using a form because we understand that HMRC forms can be nerve wracking. Then, HMRC will send you a Unique Tax Reference and will expect tax returns from you. We can also help you with this.
At Gondal Accountancy, you receive the best advice from financial advisors specialising in your industry. We simplify accountancy for doctors by explaining everything in detail and undertaking bookkeeping, financial reporting and reviews ourselves.
In short, we help you stay on top of your accountancy matters with our due diligence and continuous guidance.
Accountants for doctors provide niche financial advice to handle complex accountancy matters. These include sorting out NHS pensions, income received through private practice, GP accounts for locum doctors, payroll for medical staff, and other related tasks.
Our experienced accountants have in-depth knowledge in this area. We provide practical financial advice to optimise tax efficiency and compliance.
Medical professionals working for the NHS must pay the Income Tax and National Insurance through wages received via the PAYE system. We help you claim tax deductibles based on work-related expenses not covered by the NHS.
It can include business mileage (for commuting and attending to patients outside the hospital), specialised equipment (i.e. PPE, scrubs, stethoscope and other safety/medical equipment), and specific training courses. Professional associations with BMA and GMC are also deductible through tax relief claims.
Work with qualified accountants to receive reimbursements for expenditures backdating to at least four years. You need the receipts and invoices to verify these claim.
Locum doctors are self-employed GPs or private medical practitioners. Despite semi-affiliations with the NHS, you are solely responsible for your professional expenses and employees. For that reason, HMRC allows you to request tax relief for allowable expenses.
These include necessary office supplies, specialised medical equipment, subscription to medical journals like the Lancet, and membership fees for medical organisations like the GMC, BMA or reputable societies. Business mileage while attending to patients at their homes and other hospitals may be considered for tax rebate claims.
Our specialist medical accountants make the right claims after reviewing your invoices and valid tax regulations.
Call us today to schedule a consultation.