Tag: Tax for doctors
A lot of doctors are working with the NHS as a locum doctor and IR35 has become a big issue to most doctors. It is nearly the anniversary of the public sector IR35 rule that kicked-in from April 17. Here we have provided the updated guidelines on the tax implications if you are inside IR35 and being paid to your Ltd company, the expenses … Read More What’s New on Public Sector IR35 2017-18?
It was Valentines Season, and as you celebrate with your significant other, I thought you could use a few pointers about how to make your status as a couple work for you – financially speaking. For this feature, couples will refer to married pairs (because marriage is recognized by the law). Here are a few tips to help you put money aside for other … Read More Save Money This Year with Tax Breaks for Couples
A few interesting things happened this past week. The Eagles won the US SuperBowl for the first time in history. And EU leaders met to discuss one of the most crucial topics for UK companies: Brexit. Since I felt that this issue concerns you, I invited an expert on EU trading to offer a new perspective on what Brexit means to business owners. This … Read More Brexit: Looking at the Bigger Picture
As the taxing season comes to an end, I wanted to give you a few reasons not to dislike the taxation process. A lot of my clients are doctors and majority of them have negative feelings about tax. I understand why there would be a lot of negative emotions surrounding taxation. We work hard five to seven days a week to get our paychecks, … Read More The Tax Season Highlight: 3 Reasons to Feel Positive About Taxes
Dear Client, I hope you had a great week. Last time I was in your inbox, we went through how you can discover your ability to create wealth. This week, I picked out a topic that I hope will help you get through the tax season without any hitches. Do you sometimes look through your books and wonder how to put all your finances … Read More Organise Your Finances the More Efficient Way
Happy New Year! I hope you had a great holiday and are looking forward to trying out new opportunities this year! As we move on to 2018, I just wanted to let you in on a few things. First, new year, new me, new us! We are rebranding our firm and the weekly LIVE show on Facebook. I will be showing up every Monday … Read More Discover Your Ability to Create Wealth
In the healthcare industry, there are some VAT related issues that can arise. Today we will be giving some guidance on VAT, this will be helpful for you as we will cover the important areas such as how you can account for VAT and when you need to register for VAT etc. Even if you are not in the medical industry, some of the … Read More VAT in the Healthcare Industry
The rising of cloud technology has replaced a lot of labour intensive work. The old way of accounting, which focuses only on number crunching tasks, is going to be replaced by technology. But the new breed of accounting profession will look to interest their clients with the cause and prevention of high tax bills. Cloud Accounting Most of us might have been through some … Read More How Cloud Technology Has Changed the Way Accounting Services Are Delivered
In this article, we will discuss doctors of the future and how technology can change the way we deliver healthcare in the UK. Dr Ali, the founder of the app DocNoc, has taken some time to sit with Hannah Xu to talk about the business and how the idea was formed. Dr Ali has been a qualified doctor since 2002 and has been working … Read More Doctors of The Future – Changing The Way Healthcare is Delivered in The UK
Travel and subsistence is a very simple expense but there is a lot to say about it. We will look at this in further detail and explain when you cannot claim this expense and when you can. There are also some tricks if you are running your own business to make the travel tax deductible. When You Can and Cannot Claim Travel and Subsistence … Read More When and How to Claim Expenses on Travel and Subsistence
Are you tired of working long hours to fund your tax bill? There are a lot of people who may feel as though they would need to work more shifts in order to fund their next tax bill, this is a short-term solution but it is tiring as well. When you are working seven days a week for a month you will have an … Read More Making Tax Digital: Are You Ready for the Quarterly Tax Reporting Duties?
There are a lot of fear and stress around the topic of money and tax. I have been working with doctors since 2014 and have also been following the trends about public health. I have seen a lot of articles and stories in the media about doctors being stressed out, constantly overworked or even sadly committing suicide. I feel as though they are … Read More Three Simple Steps to Replace the Anxiety of Taxes with Peace of Mind