Medicine is about precision, and so is accounting. We pride ourselves on supporting a plethora of medical professionals, including those who operate independently and those who work as a part of a larger team. In short, we care about those who care; we have a strong grasp of the unique financial parameters that come with running a business in the medical field.
At London Accountants, we understand that your everyday might not look like the ‘normal’ everyday of a small business owner, particularly if you yourself are a practising medical professional. Yet, at the same time, we know that there is never a ‘norm’ when it comes to running your own company.
While you’re out there providing invaluable healthcare services, we understand that delving deep into financial intricacies might not be on your list of priorities. Let us handle the financial aspects so you can focus on saving lives.
Sound good? Feel free to reach out, we would be more than happy to help you!
Start-ups & small businesses are our forté.
From the very beginning, we listen carefully to what our clients want and need from us as their accountant and we pride ourselves on delivering a first-class service – not only taking care of your books but really helping to build your business and provide solid building blocks that are needed to succeed.
If you start your company with your accounting needs in place, this gears you up for a promising future.
Take a look at our fantastic client case studies, covering a range of industries – from construction & interior design bosses to world-renowned Psychotherapists
FAQ’s
How can I minimise my tax liability as a medical professional?
Medical professionals often have complex tax situations due to their income sources, such as self-employment income, and the potential for high tax rates. An accountant can help you identify tax deductions and credits that can reduce your tax liability and provide advice on tax planning strategies.
How can I set up my practice to maximise profitability and minimise financial risk?
Running a successful medical practice requires careful financial planning and management. An accountant can help you develop a budget and financial plan, evaluate your cash flow and profitability, and advise on strategies to minimize financial risk.
What are the tax implications of hiring employees or independent contractors in my medical practice?
Hiring employees or independent contractors can have significant tax implications for your medical practice. An accountant can advise you on the tax consequences of different hiring scenarios and help you navigate complex employment tax laws.
What accounting software should I use for my medical practice?
Choosing the right accounting software is important for maintaining accurate financial records and streamlining financial processes. We can help you evaluate different accounting software options and select the best solution for your practice based on your needs and budget. We use Xero & Dext within our accountancy firm.