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Specialist medical accounting blog

Protected: The latest NHS Pension thresholds and deadlines

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Should you use a Ltd company for your ‘Buy to Let’ Property Business?

On a recent Medics’ Money property webinar lots of you asked questions about the tax implications of buy to let property investment and whether using a limited company was a good idea. So I asked Alan Cooke from RBP accountants and tax advisers about the benefits of holding residential rental properties through a limited company. […]

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Everything doctors need to know about National Insurance

In this blog we go into the basics of National Insurance to give everyone an understanding of what it is and how it is calculated before discussing circumstances in which you might be overpaying your contributions and what to do about it if you are

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How much tax do doctors pay and why?

Understanding what tax you pay and why is essential. How much money do you actually TAKE HOME from that extra locum shift? I asked Liz Densley, FCA CTA from specialist medical accountants Honey Barrett to give us an overview of the various income thresholds that affect tax liabilities for doctors in England for the 2020-2021 tax year. Medics who are employed […]

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Buying a cheap Tesla for doctors

How to buy a “cheap” Tesla. The taxation of fully electric company cars like Tesla are very favourable. We asked specialist medical accountants Moore and Smalley to give us more information on how this might help doctors to buy a cheap Tesla. As motorists, our growing demand for reduced costs and greater efficiency coupled with increased […]

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Cremation Form Taxation for doctors

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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 […]

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

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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 […]

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Starting out as a GP Locum including how to pension work, paying tax, claiming expenses and finding work

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Starting out as a Locum GP can be daunting. Medics’ Money asked specialist medical accountant Sam Taylor and Pete Farrier from Morris Crocker to give us a guide to working as a locum GP. Including registering as self employed, paying tax how to pension work, should I work as limited company, IR35 and how to […]

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Independant financial advisers ( IFA ) for doctors

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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 […]

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Limited company for GP Locum doctors and Consultants.

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Self-employment V’s Limited Company for doctors Many doctors forums are abuzz with ways to save tax and here at Medics’ Money one of the common questions we get asked from self-employed Consultants GPs and Locums is “Should I start a limited company to pay less tax” Our advice? Everyones situation is different and you should […]

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