You care for your patients and we care for your business!
We understand the importance you place on the level of care you provide your patients, which is why we treat your Healthcare business with the same attention to detail, and our employees actually care for your business needs.
We can provide all levels of Healthcare professionals with a high quality, specially tailored service at all stages of your medical career covering such wide subjects as the submission of your self-assessment tax return to assisting you in the planning of your business exit strategy when you come to retire.
Why not take a look at one of our handy guides:
Tax Deductible Expenses for Medical Professionals
Tax Deductible Expenses for Dental Professionals
As a Shaikh & Co client we will provide you with a cost effective tax planning and personal tax service specifically developed for your business needs because there are several tax options available to you which range from:
- Taxed at source (PAYE)
- UK Contractor Company
- Incorporating your own UK Limited Company
What is very important is that you need to end up with a package that is tax effective to your own individual circumstances. It is your responsibility to familiarise yourself with your rights and obligations under the Self Assessment tax laws, failure to do so can result in, at best, penalties and fines but, at worst, court proceedings. For example, did you know that a high percentage of UK and overseas doctors pay too much tax? Explain your circumstances to us and allow Shaikh & Co to advise you on the best way to organise your tax affairs so that you are paying the right amount – which will take the burden off you and let you carry on with what you do best – caring for your patients.
There are lots of ways that we can assist you and your business. Please see the list below:
Business plans and financial forecasting
Practice purchase or sales advice and negotiations
Personal tax advice
Preparation of your self-assessment tax return
Advice on self-employment
Advice on allowable expenses and capital allowances
Advice on National Insurance
Advice on accounting software
Cash flow, practice income and other factors affecting the business
Payroll bureau service
Private fee statements
A comprehensive review of practice accounts and future tax planning issues
Advice on planning your long term business exit strategy and succession planning
Inheritance Tax planning
You can see by clicking on one of the following checklists exactly what sort of information is needed to process the expenses and income for Doctors , Locums and Consultants in private practice.
We are experienced in advising and working with all Healthcare professionals including Doctors, Specialist Nurses, Dentists, Orthodontists, Complementary Healthcare Providers, Podiatrists, Chiropodists, Osteopaths, Chiropractors, Physiotherapists and Rheumatologists and our team is on call to provide you with the help and advice you need to run your practice in the most effective way.