Category: Accountancy

Read the latest advice from specialist GP accountants on topics like IR35, pensions, tax and the Self-Employment Income Support Scheme.

Financial advice for GP locums: insurance, mortgages and pensions

Advice on a range of topics – from insurance to mortgages to investments – and access to advisors who specialise in working with doctors.

GP locum accountancy and tax

Here’s our quick-start introduction to accountancy and tax for GP locums.

Accountancy

Ten tips for setting up your finances as a GP locum: expenses and admin

Tell HMRC you're locuming, hang on to your receipts, tell your accountant about big moves and purchases, and get advice before setting up a company

Accountancy

LocumDeck’s Bookkeeper

Locumdeck's Bookkeeper updates itself completely automatically from the info generated in LocumDeck.

Podcast: Tori Ferguson Q&A GP tax returns Jan 2025

Tori Ferguson answers questions on taxes, expenses, national insurance, NHS and private pensions.

Accountancy

Video: Q&A – GP tax returns 2023/24 with Tori Ferguson, Honey Barrett

Tori Ferguson answers questions on taxes, expenses, national insurance, NHS and private pensions from GPs.

GPs can ask accountant about tax and pensions at Jan 2025 webinar

GPs can put questions to an experienced specialist medical accountant at NASGP’s first members event for 2025.

Sessional GPs warned of underpaid tax interest risk as deadline looms

Andy Pow, accountant and AISMA board member, said: ‘GPs locums whose income has reduced or who have changed to salaried roles may well be dreading their January 2025 tax bills.’

Accountancy

Autumn Statement, October 2024: budget predictions for sessional GPs

Changes to these taxes might be on the table next week, Tori Ferguson writes.

Accountancy

Podcast: Starting out with GP locum accounts with Tori Ferguson

Get advice on how to register, what to record and how to deal with concerns about issues like IR35 with Tori Ferguson, tax manager at Honey Barrett (honeybarrett.co.uk).

Accountancy

GP locums urged to register with HMRC by 5 Oct

Any GP earning over £1,000 in self-employed income must file a tax return.

Accountancy

Video: Starting out with GP locum accounts – Tori Ferguson

Ten key points to help locum GPs successfully manage their self-employment status plus a Q&A on HMRC fraud and IR35.

GPs poised for ‘painful’ autumn budget and possible tax hikes

In its analysis the BBC speculated over lower pension tax relief, higher fuel duties and a possible capital gains tax hike.

Accountancy

What to do if you’ve overpaid tax – McCloud calculator

How to use HMRC's new tool.

‘Unlikely’ all GPs will see 7.4 percent global sum uplift, accountants warn

Uplift of just over 7% to the global sum will 'not necessarily' fund a 6% pay increase for all practice staff.

Accountancy

HMRC cancels 36,000 fines for late self assessment taxpayers

Thousands of self assessment taxpayers who missed a deadline saw their penalties cancelled by HMRC last year as the service struggled to cope with customer service queries.

Accountancy

GP accountant to field questions from sessional GPs next month

Tori Ferguson, a tax manager at the specialist medical firm Honey Barrett, will take questions from sessional GPs ahead of her talk to NASGP members on Thursday 5 September.

Accountancy

Over 500k taxpayers caught by 60% tax trap

More than half a million UK taxpayers – nearly a quarter more than last year – are now paying 60% tax due to frozen thresholds.

Accountancy

GPs to submit questions for September locum accountancy event

GPs can ask questions and get advice from specialist medical accountant Tori Ferguson at NASGP’s free webinar in September.

New 2023/24 tax return exemptions for GPs: is it really more simple?

The threshold for GPs who only have PAYE employment income to file a tax return has risen from £100,000 to £150,000 – Tori Ferguson explains how this affects NASGP members.

Accountancy

Higher-earning GPs without extra income can skip tax returns: HMRC

Salaried GPs earning higher sums through PAYE will no longer need to file a self-assessment tax return for 2023/24, providing they have no other income.

Accountancy

GPs ‘recouped significant sum’ of out-of-hours holiday pay

GPs who see employment benefits such as holiday pay withheld from out-of-hours work could be eligible to reclaim sums following changes at an employment tribunal.

GPs got ‘little in the way of good news’: Spring Budget 2024

Both GP locums and salaried GPs will benefit from further NIC cuts.

Accountancy

Tax tips and tricks for GP locums and salaried GPs

Join Richard Fieldhouse and Tori Ferguson as they delve into the world of tax advice for GP locums in this episode of the Art of GP Locuming podcast.