Did you know Doctors can save money on Tax?
Recent changes in legislation have now opened opportunities for doctors to save tax by incorporating their Practices into Limited Companies. If you don’t want to miss out on the potential savings on your tax, let us help. We can:
- Reduce Tax liabilities by using the lower rate of Corporation Tax of 20% and savings on National Insurance.
- Tax Planning Opportunities on the sale of the Practice to the Limited Company.
- Special Rules also apply for the provision of Pension for the doctors and employees.
- Limit your liabilities.
As experts in your field you understand the value of trained professionals when it comes to healthcare, so why not get a team of specialists in to look at your case notes? Khan Thornton is a firm that specialises in the management of tax and accountancy affairs for the medical profession, including specific tax advice for doctors.
All of our services are “in house” meaning we deal with every aspect from tax planning, tax returns, accounts, superannuation certificates, pensions, business planning, payroll, auto-enrolment, company formations, and more in our offices with our staff that you can contact at any time. Unlike most other practices that sub-contract out various parts of their accounts services, we deal with everything so that we can provide you with timely and friendly personal advice to you.
Don’t take chances with your livelihood. We provide independent and professional accountancy, financial, and business advisory services that can help your practice grow and develop. Whether you’re looking for assistance with Junior Doctors’ expense claims or comprehensive accountancy services for Multi Partner GP Practices we cover all the needs of the medical profession.
Doctors’ Tax Advice: last updated