Accountant for Doctors, Dentists & Medical Professionals
Companies999 provides specialist accountancy for medical professionals across the UK. Whether you are a locum doctor operating through a limited company, a self-employed dentist, a GP partner, or a healthcare professional with mixed NHS and private income, we understand the unique financial complexities of the medical sector and help you keep more of what you earn.
What We Offer
Tailored services for you
Locum Limited Company Accounts
Full limited company accounts for locum doctors and healthcare professionals operating through their own company, including Corporation Tax and dividend planning.
Locum Sole Trader Accounts
Self-assessment tax returns for self-employed locum doctors, dentists, and healthcare professionals, ensuring all legitimate expenses are properly claimed.
Tax Planning for Locums
Strategic advice on the most tax-efficient structure for your locum work, whether sole trader or limited company, and how to maximise your take-home pay.
Private Practice Accounts
Full accounting services for private medical practices, from revenue tracking to expense management and compliance.
Payroll for Medical Staff
Managed payroll for practice nurses, receptionists, and support staff, with full auto-enrolment pension compliance.
Partnership Accounts
Preparation of partnership accounts for GP practices, dental partnerships, and other healthcare group structures, including profit allocation and partner returns.
NHS Pension and Annual Allowance
The NHS Pension Scheme is valuable but creates complex planning challenges. The annual allowance (£60,000, potentially tapered for higher earners) means unexpected tax charges on pension growth. We calculate your annual allowance position, advise on Scheme Pays where appropriate, and help plan income to minimise charges. For GPs, we assist with pension certificates for NHS England.
Locum Doctor Expenses
Locum doctors can claim: GMC registration fees, medical indemnity insurance (MDU, MPS), Royal College subscriptions, BMA membership, travel between hospitals, accommodation away from home, CPD courses, equipment such as stethoscopes, and uniform costs. Note: from April 2026 the flat-rate working from home allowance is removed, but actual home office costs can still be claimed. We ensure every legitimate expense is claimed.
Sole Trader vs Limited Company for Locums
For locums earning above approximately £50,000 (before expenses), a limited company is often significantly more tax-efficient. However, from April 2026 dividend rates increase by 2% and incorporation relief must be actively claimed. NHS pension implications and administrative costs also need consideration. We provide a full comparison based on your specific income.
VAT for Medical Services
Most clinical medical services by a registered professional are VAT exempt. However, non-clinical services (medico-legal reports, insurance medicals, cosmetic procedures) may be subject to VAT. The VAT registration threshold remains £90,000. We advise on partial exemption and correct treatment of mixed supplies.
GP Partnership Accounts
GP partnerships have unique requirements including profit allocation, seniority payments, cost-sharing, property arrangements, and NHS England contract interaction. We prepare full partnership accounts and individual partner returns.
Why Choose Us
Trusted by healthcare professionals
The medical sector has its own financial landscape and most accountants don't get it. We understand partnership structures, the tax implications of locum work, and how to maximise your expense claims so you keep more of what you earn.
Software We Work With
FAQs
Frequently Asked Questions
How much does a locum accountant cost?
Fixed monthly fees covering accounts or tax returns plus year-round support. Call 0121 638 0905 for a free quote.
Should I be sole trader or limited company as a locum?
Depends on income, pension arrangements, and circumstances. Generally, above £50,000 a limited company helps. We do a full comparison.
What expenses can locum doctors claim?
GMC fees, indemnity insurance, Royal College subs, BMA, travel, accommodation, CPD, equipment, and uniforms.
Can you help with NHS pension annual allowance?
Yes. We calculate your position and advise on tapered allowance and Scheme Pays.
Do you prepare GP partnership accounts?
Yes. Full partnership accounts including profit allocation and pension certificates.
Is VAT applicable to medical services?
Most clinical services are exempt. Non-clinical services like medico-legal reports may be taxable. We advise on your specific services.
Can you handle mixed NHS and private income?
Yes. We prepare returns covering all sources and ensure the most tax-efficient overall position.
Can you help set up a limited company for locum work?
Yes. We handle incorporation, software setup, CT registration, and advise on optimal pay structure from day one.
Related Services
Ready to get started?
Whether you're a newly qualified locum or an established practice, we're here to help. Call us on 0121 638 0905 for a free discovery call.