Doctors often think that they do not need an accountant because they are employed and pay tax via PAYE. However, tax can sometimes be over/under paid as tax codes can often be incorrect and tax relief is not claimed on professional expenses such as GMC and BMA.
Also, if there are multiple employers and/or there is some self-employed income, national insurance contributions can be overpaid.
At MedFinancial we will review your tax codes, tax deductions, superannuation contributions and national insurance contributions to ensure all is in order and that you are obtaining maximum available reliefs.
Appointing an accountant early in your career is a good idea. Whilst you will initially need minimum input it is a good idea to build a professional relationship with a specialist that can help you with the financial aspects of your career.
