fbpx

Specialist medical accounting blog

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. Engaging […]

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. Here are 6 important things to consider. Choose an […]

Read more

Limited company for GP Locum doctors and Consultants.

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

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 […]

Read more

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

Tags: ,

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 […]

Read more

Tax returns and self assessment for doctors. What financial records should you keep? How do you pay your tax bill?

Tags: , , , , , ,

We asked David Elliot, Tax Director from specialist medical accountants BW Medical Ltd to tell us what financial records to keep and how to pay any tax bills. What records do I need to keep for my Tax return? It is vital to keep records in the event that HMRC may open an enquiry into your […]

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 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 part […]

Read more

Tax saving tips for doctors – 5 tips to increase doctors pay.

Tags: , , , , , ,

Tax saving tips for doctors – 5 tips to increase doctors pay. by Dr Tommy Perkins, GP and Medics’ Money founder With doctors pay falling by up to 30% in real terms over the last decade*, an often overlooked way to increase your take home pay is by working tax efficiently. Ed, Medics’ Moneys Chartered […]

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 cost by up to 40%. Our free step by step guide allows most doctors to claim themselves, online for free. Start your claim today by downloading our free step by step guide to claiming […]

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

Check your tax code and claim a tax rebate online

Tags: , , , , ,

A Personal Tax Account allows you to claim a doctors tax rebate for expenses such as exam fees, GMC BMA MDU MPS fees. You can also check your doctors tax code is correct. Claiming tax relief on these expenses can reduce the costs of training by up to 40%. Here we guide you how to set up […]

Read more