Taxation for Locum Doctors

Maximising Savings and Staying Compliant

For doctors, especially locums, understanding and navigating tax regulations can be complex. With varying income streams from multiple sources, it’s essential to ensure you’re not overpaying on taxes or risking non-compliance. At SIAL Accountants, we specialise in offering tailored taxation services for locum doctors, ensuring that your finances are not only well managed but optimised.

Taxation Services Tailored for Locum Doctors:

• Locum-Specific Tax Strategies: As a locum doctor, you may have multiple income streams from hospitals, clinics, or even private practice. We provide advice on how to manage these incomes, ensuring tax efficiency and compliance.
• Self Assessment & HMRC Submissions: We take care of your annual self-assessment, making sure all income is correctly reported, and expenses are deducted wherever applicable. This reduces the risk of overpayment and penalties from HMRC.
• Claiming Allowable Expenses: Many doctors overlook deductible expenses, such as professional fees, travel, and equipment. We ensure you take full advantage of these deductions to reduce your tax liabilities.
• IR35 Compliance: For doctors working through limited companies or agencies, we offer expert advice on IR35 compliance. Our goal is to keep you on the right side of HMRC rules, while minimising any negative tax implications.
• National Insurance Contributions (NICs): We help you understand how to manage your NICs properly, especially if you are working both as an employee and self-employed.

Why Choose SIAL Accountants?

At SIAL Accountants, we are specialists in healthcare taxation, especially for locum doctors. With our deep understanding of the medical sector’s tax intricacies, we ensure you keep more of what you earn. Our proactive approach means you’ll never be caught off guard by tax changes, and we are always on hand to provide personalised advice.

Taxation for Locum Doctors

Get in touch today and let us help you simplify your taxation while maximising your savings.