Specialist

As specialists, you have the enormous privilege of helping people and changing their lives.

Medical Professionals

As Doctors, you have the enormous privilege of helping people and changing their lives.

More so than ever, practicing medicine is running a business, and for your practice to thrive there may be some key changes you’ll need to make which will help guide you in the right direction. This might include accounting for income from different sources such as hospital PAYE work or private patients, and participating on advisory panels, to Partnership arrangements (such as income sharing or joint ownership of premises).

We can also advice doctors who class themselves as self-employed but also participate in the NHS pension scheme.

So if you would like your accountant to look after your paperwork, claim benefits on your behalf and help you set up a practice (or if you are taking on new partners), please get in touch and talk through any questions you may have.

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Legal Professionals – Barristers

Our two professions have quite a lot in common - we are both analytical, and success comes from a logical approach to our work. We think of Barristers as entrepreneurs because you have a vision of where you want to be, and then put a strategic plan in place as to how you will get there - just like a start-up or small business!

Most barristers work on a self-employed basis (around 80%); sharing office spare with other barristers, or on that rare occasion, have the luxury of their own office. You have a vision of where you want to be, and then put a plan in place as to how you will get there!

Whether it’s claiming all the right benefits or allowances, preparing rental accounts or deal with complex VAT issues, we'll keep your paperwork 'in order' and be delighted to assist you.

Got a tax question? Let's have a chat

Legal Professionals – Solicitors

We appreciate that being successful at running your own law firm needs not only your expertise in practicing law, but being able to manage your firm as a business too. Not always an easy thing to do!

Bringing in the work is fantastic, but having a great business model in place will give your business an additional boost to help you maximise your profits. Make sure it is adaptable, because as you naturally grow, managing your finances such as cash flow, profit and loss will become much easier and you will be able to keep your balance sheets in order too.

Whether it is purely performing your practice’s Solicitor’s Audit in line with the SRA regulations and requirements, or preparing the practice’s Accounts, we want to minimise the tax bill not just for your practice but for individual solicitors too - field us any of your tax questions!

Got a tax question? Let's have a chat

Dental professionals

One question Dentists ask us is, “How do I build a successful practice?” We generally advise that a successful practice is built on, not only having a strong operational foundation, but to treat your practice like any other business. Having systems and processes in place that help you accurately track, monitor and evaluate your practice means it will run more efficiently, making it as profitable as it can be!

If you have any questions on accounting for income from different sources (such as NHS work/PCT contract, private patients), partnership arrangements (income or expense sharing), NHS pension matters or incorporating, purchase or the sale of your dental practice, please come and chat with us.

We also offer a fixed fee structure which we feel helps give you more flexibility and security.

Got a tax question? Let's have a chat

Beauty Professionals

A question we’re often asked is: "Can you help me grow my business?" The advice we often give is "Always underestimate your sales, & overestimate your expenses" as this can act as a healthy buffer to protect your business.

Whether you run a beauty salon, specialise in make-up or male grooming, you must continually assess your business model and the direction you want to move in. Always stay true to your venture, as it is vital (for your continued success) that your business comes from a sincere place!

From start-ups, VAT registration, business & succession planning, financial statements to cash flow – we can take care of everything for you.

Got a tax question? Let's have a chat

Media

As you know so well, working in this industry can be a little unpredictable. Some jobs can be short-term, or very “last minute” helping on that outside broadcast!

Being flexible is undoubtedly one of your greatest strengths, as well as being incredibly smart when it comes to budgeting your finances to cover any quiet periods or fluctuating incomes. We really enjoy helping people who work in this vibrant sector and we understand the industry’s changeable nature.

So if you’re weighing up self-employment or becoming a limited company, perhaps you need help with global tax planning or tour accounting – we would love to help you and answer any tax questions you may have.

Got a tax question? Let's have a chat

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