fbpx

Specialist medical accounting blog

NHS pension tax and COVID-19

Annual allowance tax charges and COVID-19 in the NHS Pension Scheme Due to the current situation with COVID-19, we have seen a number of our clients opting back in to the NHS Pension Scheme. This is primarily because there are enhanced death in service benefits that active members receive, morbid as it may sound, and […]

Read more

What medical school didn’t teach us about money

“What medical school didn’t teach us about money” was released in June 2020 and was downloaded by 4,500 doctors in the first month. It gives doctors a step by step plan to transforming your financial future. Enter your details to download your copy now Here’s a preview of what to expect from your free copy of […]

Read more

Why two doctors started Medics’ Money

Who are Medics’ Money? Medics’ Money is a doctor led organisation that empowers doctors to make better financial decisions. Over 14,000 doctors subscribe to our free financial CPD for doctors and recently, 995 doctors attended our webinar on the NHS pension. We have also helped over 1000 doctors to find the best specialist medical accountants and […]

Read more

Cremation Form Taxation for doctors

Tags: , , , , , , , , , ,

The Taxation of Cremation Form Income by Dr Ed Cantelo GP, Chartered Accountant and Tax adviser. Medics’ Money co-founder. Received a few cheques from completing cremation forms (ash cash) and not sure what to do regarding tax? Wondering if you need to tell HM Revenue and Customs (“HMRC”) or how? In this blog Ed tells […]

Read more

Accountants for doctors – how do I find a good medical accountant?

Tags: , , , , , , ,

Accountants for doctors – how do I find a good medical accountant? by Dr Ed Cantelo GP Trainee, Chartered Accountant Chartered Tax Advisor As a Doctor, Chartered Accountant and Chartered tax advisor, I often see colleagues who are paying too much tax as a result of making mistakes themselves or using  non-specialist accountants. We built […]

Read more

Mortgages for doctors – 8 tips including for locum doctors, self employed doctors, GP and other medical professionals.

Tags: , , , , , , ,

Mortgages for doctors. Sometimes it’s tricky to get a mortgage for doctors, especially if you are a locum doctor or self employed doctor. What can you do to improve your credit score and clean up your outgoings? How many years accounts do you need? How much deposit do you need? We asked specialist medical mortgage […]

Read more

Independant financial advisers ( IFA ) for doctors

Tags: , , , , , , , ,

Independent financial advisers for doctors (IFA) – how do I find a good IFA? Choosing an Independent Financial Adviser that specialises in advising NHS  doctors and surgeons on NHS pension, life insurance and protection for doctors and investment advice for doctors and surgeons can be difficult. Medics’ Money was built by doctors to help doctors […]

Read more

Is your doctors tax code correct?

Tags: , , , , , , , , , ,

Is your doctors tax code correct? by Dr Ed Cantelo GP Trainee, Chartered Accountant and Chartered Tax Advisor   Understanding your doctors tax code Your tax code is calculated by HM Revenue and Customs or “HMRC” and is used by your trust’s payroll to determine how much income tax you should pay. In the first […]

Read more

What can doctors claim tax back on?

Tags: , , , , , ,

Junior doctors can claim tax back on GMC, BMA, MDU, MPS, Royal college and examination expenses amongst other professional expenses, reducing the costs by up to 40%. But many of us doctors aren’t sure what you can claim, how to claim and how many years previous you can claim for. Medics’ Money is run by Dr […]

Read more

Do I need a specialist medical accountant

Tags: , , , , , , , , , ,

Do I need a specialist medical accountant? by Dr Ed Cantelo GP Trainee, Chartered Accountant Chartered Tax Advisor As doctors, it’s usually a case of when, not if, we will need an accountant. But how can you tell when you would benefit from some advice? As a Doctor but also a Chartered Accountant and Chartered […]

Read more