Services

At Medical Tax Accountants, we offer a full spectrum of tax services for our clients tailored to meet the diverse needs of individuals, businesses, and healthcare sector for our clients across the UK. Navigating the complexities of the UK tax system can be challenging, but with our expert guidance, you can confidently manage your tax obligations while optimising your financial position. Whether you’re seeking assistance with personal tax matters, corporate tax compliance, or specialised advice, our team is here to provide the expertise and support you need.

Our UK Tax Services

1. Personal Tax Services

Self-Assessment Tax Returns: We assist individuals in preparing and submitting their self-assessment tax returns, ensuring accuracy and compliance with HMRC requirements. Our services include identifying allowable deductions and reliefs to minimise your tax liability.

Income Tax Planning: We provide strategic advice on managing your income tax efficiently, whether you are an employee, self-employed, or retired. This includes guidance on tax-efficient investments, pension contributions, and managing income from multiple sources.

Capital Gains Tax (CGT): We offer expert advice on capital gains tax, helping you plan for the sale of properties, investments, or other assets in the most tax-efficient manner. Our services include CGT calculations and strategies to reduce your tax liability.

  2. Corporate Tax Services

Corporation Tax Compliance: We provide comprehensive support for businesses in meeting their corporation tax obligations, including the preparation and filing of corporation tax returns. Our services ensure compliance while identifying opportunities for tax reliefs and incentives.

VAT Services: Our VAT experts offer advice on VAT registration, compliance, and planning. We assist with preparing and submitting VAT returns, managing partial exemptions, and handling VAT inspections from HMRC.

R&D Tax Credits: We help businesses claim research and development (R&D) tax credits, a valuable government incentive for companies investing in innovation. Our team identifies qualifying activities and maximises your claim to reduce your corporation tax bill.

Payroll and Employment Tax: We offer payroll services that ensure accurate tax calculations and timely submissions to HMRC. Our services also include advice on PAYE, National Insurance, and employee benefits, ensuring full compliance with employment tax regulations.

3. Specialised Tax Services

Property Tax Services: Whether you’re a landlord, property investor, or developer, we provide expert advice on property tax matters. This includes buy-to-let tax planning, stamp duty land tax (SDLT), and advice on tax-efficient property ownership structures.

Tax Investigations and Disputes: If you are facing a tax investigation or dispute with HMRC, our experienced team is here to provide expert representation and advice. We guide you through the process, helping to resolve issues and minimise potential penalties.

4. Tax Planning and Advisory

Strategic Tax Planning: Our proactive approach to tax planning ensures that you are always prepared for the future. We work with you to develop long-term strategies that align with your financial goals, taking into account changes in tax law and your evolving circumstances.

Wealth Management and Tax Efficiency: We offer comprehensive advice on managing your wealth in a tax-efficient manner. This includes guidance on investments, retirement planning, and estate planning, ensuring your financial security and the protection of your assets.

Trusts and Estate Planning: Our experts provide advice on setting up and managing trusts, as well as estate planning strategies that minimise tax liabilities and protect your legacy.

Contact us to discuss if we can help you with any of the above services.

Our accountancy services for Limited Companies, Self-Employed individuals, and Partnerships based in the medical sector.

At Medical Tax Accountants, provide comprehensive accountancy services tailored to the specific needs of limited companies, self-employed professionals, and partnerships based in the healthcare and medical sector. Whether you’re running as a limited company, managing a partnership, or operating as a self-employed sole trader, our expert team is here to support you with precise financial management, compliance, and strategic planning. We ensure that your accounts are not only accurate and compliant but also optimised to help you achieve your financial goals.

Our Accountancy Services

1. Accounts Preparation for Limited Companies

Annual Accounts: We prepare and file your annual accounts with Companies House, ensuring full compliance with UK accounting standards and statutory requirements. Our service includes preparing your financial statements, including the balance sheet, profit and loss account, and detailed notes, so you have a clear and comprehensive record of your company’s financial performance.

Corporation Tax Returns: Alongside your annual accounts, we handle the preparation and submission of your corporation tax returns to HMRC. We work diligently to ensure that all allowable expenses and deductions are claimed, minimising your tax liability while ensuring full compliance with UK tax laws.

Company Secretarial Services: We offer company secretarial services to help you manage statutory obligations, including filing confirmation statements, maintaining statutory registers, and ensuring compliance with the Companies Act.

2. Accounts Preparation for the Self-Employed

Sole Trader Accounts: For self-employed individuals, we provide comprehensive accounts preparation services. We help you track your income and expenses, prepare accurate financial statements, and ensure that your self-assessment tax return is completed correctly and on time.

Self-Assessment Tax Returns: We assist with the preparation and filing of self-assessment tax returns, ensuring that all relevant income and expenses are reported accurately. Our service includes advice on allowable deductions and tax reliefs to help reduce your tax bill.

Tax Planning: As a self-employed professional, managing your tax efficiently is crucial. We provide tailored tax planning advice to help you optimise your income, plan for tax payments, and ensure you take advantage of all available reliefs and allowances.

3. Accounts Preparation for Partnerships

Partnership Accounts: We prepare detailed accounts for partnerships, including profit and loss sharing, partnership balance sheets, and capital accounts. Our service ensures that each partner’s share of profits and tax liabilities are accurately calculated and reported.

Partnership Tax Returns: We handle the preparation and submission of partnership tax returns to HMRC, ensuring that all income and expenses are accurately allocated among partners. We also provide each partner with the necessary figures to include in their personal tax returns.

Profit Allocation and Distributions: We assist in managing profit allocations and distributions among partners, ensuring that all financial arrangements are in accordance with your partnership agreement and are tax-efficient.

At Medical Tax Accountants, we provide tailored tax and accountancy services to businesses across the UK. Our focus is on helping you establish the right business structure, plan for future growth, and navigate the complexities of tax and accounting. Whether you're starting a new venture, expanding your operations, or optimising your tax strategy, our experienced team is here to guide you every step of the way. With our expertise, you can confidently manage your finances, ensure compliance, and achieve your long-term goals.

Our Key Advisory Services

1. Business Structure Advisory

Choosing the Right Business Structure: Selecting the right business structure is crucial to your financial success. We provide expert advice on the most suitable structure for your business, whether it’s a sole trader, partnership, or limited company. We help you understand the implications of each option, including liability, tax, and regulatory considerations.

Company Formation and Registration: Once you've decided on the best structure, we handle the entire process of company formation and registration with Companies House. This includes preparing necessary documents, setting up statutory records, and ensuring compliance with legal requirements.

Restructuring and Reorganisation: As your business evolves or personal circumstances change, you may need to restructure to optimise operations or take advantage of new opportunities. We provide strategic advice on business reorganisation, ensuring a smooth transition and minimal disruption.

2. Business Planning for the Future

Strategic Business Planning: We work with you to develop a robust business plan that outlines your vision, goals, and strategies for growth. Our services include financial forecasting, budgeting, and scenario analysis, helping you make informed decisions and plan for the long term.

Growth and Expansion Planning: Whether you're looking to expand into new markets or scale your operations, we offer expert advice on growth strategies. This includes market research, funding options, and operational planning to support sustainable expansion.

Succession Planning: Planning for the future means preparing for leadership transitions. We help you develop succession plans that ensure a smooth handover of management and ownership, preserving the continuity and success of your business.

3. Tax Planning and Advisory

Tax Efficiency Strategies: Our tax experts work with you to develop tax-efficient strategies that minimise your liabilities while ensuring full compliance with UK tax laws. We provide advice on corporation tax, income tax, VAT, and other taxes relevant to your business.

Tax Compliance and Returns: We handle all aspects of tax compliance, including preparing and filing tax returns with HMRC. Our meticulous approach ensures accuracy and timeliness, reducing the risk of penalties and fines.

Capital Gains and Inheritance Tax Planning: For businesses and individuals alike, managing capital gains and inheritance tax is essential. We offer strategic advice to help you plan for asset sales, property transactions, and wealth transfer, ensuring tax efficiency and financial security.

Why Choose Us?

Tailored Solutions for you and your business: We understand that every individual and business is unique, which is why we offer personalised advice and solutions that are tailored to your specific needs and goals. Whether you're an individual, a start-up or an established company, we provide the support you need to succeed.

Expertise across all areas: Our team of qualified accountants has extensive experience across various industries and sectors. We bring deep knowledge and practical insights to every client engagement, ensuring that you receive the highest level of service and expertise.

Proactive and strategic approach: We don't just react to your needs—we anticipate them. Our proactive approach ensures that you're always prepared for challenges and opportunities, with strategies in place to manage risks and drive growth.

Commitment to your success: At Medical Tax Accountants, your success is our priority. We are committed to building long-term relationships with our clients, providing ongoing support and advice that helps you achieve your financial objectives.

Get in Touch

Whether you're setting up a new business, planning for the future, or looking to optimise your tax and accounting practices, Medical Tax Accountants are here to help. Contact us today to discuss your needs and discover how our expert accountancy services can support you.