Specialist Accountancy for Medical Professionals
Expert Accountancy & Tax Services for Clinicians
Contact Sharpe Medical Accounting Ltd for accountancy and taxation services. Whether you are the director of your own medical company, a doctor starting out in private practice, or you are simply looking for help with your year-end tax return, we are here to help you.
Chartered Accountants
Medical Accountants
Established in 2011
Financial Services For Hospital-Based Doctors
In addition to our accountancy services, we pride ourselves on delivering exceptional customer service and building long-lasting relationships based on trust and integrity. Each client is treated with the highest professionalism and receives personalised attention tailored to your unique circumstances. Whether it's answering questions, providing strategic advice, or offering support during tax returns, our team is always ready to go the extra mile to ensure your financial success.
Main Services We Offer
Advisory Services
• NHS pension taxes including the impact of annual allowance taper.
• Limited company or sole trader for private medical practice.
• Methods of extracting profit from a limited company.
• Dealing with all forms of HMRC enquiry.
• Costs to be claimed against business profits.
Compliance Services
• Preparation and electronic filing of Self-Assessment Tax Returns
• Preparation and electronic filing of company and LLP accounts.
• Preparation and electronic filing of corporation tax returns.
• Company and LLP financial administration.
• Payroll services.
• Medical bookkeeping including integrations with medical practice management software including Semble, DGL, Xero.
Company Accounts
Preparation, feedback, and electronic filing of limited company accounts. In-depth knowledge of UK Generally Accepted Accounting Practice and corporation tax legislation.
Bookkeeping
Dealing with the day-to-day record keeping of a medical practice. Ensuring that the financial records are of the highest standard using specialist accounting software.
Dealing with HMRC
Negotiations with HMRC on a variety of tax matters specific to the medical profession including IR35, incorporation, record keeping and business structures.
Planning & Payroll
Value-adding advice regarding business growth, compliance, all taxes and exit strategies. Management of PAYE scheme for employers in the medical profession. Production of payslips and compliance with HMRC’s RTI scheme.
Tax Return
Preparation, feedback and electronic filing of Self-Assessment, Partnership, Company and Trust Tax Returns.
Annual Returns
Taking the hassle away from the doctor by filing the statutory company documents with the minimum of fuss.
Who We Work With
Sole Trader
Our work involves assisting sole practitioners in Private Practice including those looking to achieve business growth, improved cash generation, tax efficiencies and overall excellent compliance with accounting and tax laws.
Limited Company
We are experienced in assisting limited company medical practices with day-to-day business compliance and effective profit extraction. We advise on the latest tax matters affecting doctors trading through limited companies including goodwill and remuneration strategies.
Partnership/LLP/Group
We have extensive knowledge of the advantages and disadvantages of medical practitioners working as a group. We advise on a variety of specific group issues including capacity utilisation, economies of scale, profit sharing and administration.
Charity
We work with charities looking to raise funds for medical causes. We work with the Charities Commission and have in depth knowledge of matters including resource allocation, cashflow management, investment appraisal and accounts preparation.