Knowledgebase

What does the McCloud consultation mean for my pension?

Nine tasks for sessional GPs to prioritise before the end of the tax year 2020/21

Switching between salaried and freelance work

In 2020 greater incidence of GPs switching between salaried and freelance roles, rather than just having a mix of both, poses new questions for self-employed GPs, Liz Densley writes

Accountancy

How will having a lower income from sessional work affect my tax return this year?

Specialist medical accountant Liz Densley explains

Ten tips for setting up your finances as a GP locum

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

Financial advice for GP locums working ‘overtime’

Beware of unforeseen financial impact on NHS pension, national insurance and tax, specialist medical accountant Liz Densley advises

GP locums and the Self-Employment Income Support Scheme (SEISS)

Advice for GP locums claims SEISS income support during lockdown after losing work: who's eligible and how to claim

Financial assistance for locum GPs in relation to the Covid-19 pandemic

Advice on SEISS and Universal Credit for GP locums whose income has been affected by Covid-19.

Returning from maternity leave

Given how tricky it can be to return to work after maternity leave, it's a good idea for GP locums to get their taxes in order before they're back behind the desk

Parental benefits

The New Year seems an appropriate time to think about new babies, so here we consider some money matters you might need to think about.

Setting up your tax and legal status as a new GP locum

NASGP's specialist medical accountant explains how newly-qualified GPs can set up a watertight system for managing their accounts when they undertake GP locum sessions, from managing rates to recording expenses

Tax FAQs for salaried GPs and GP locums

Liz Densley from Honey Barrett runs through some commonly asked questions from GP locums on matters related to tax and national insurance.

What expenses can a GP locum claim?

Jess is a sessional GP on a budget, saving for her wedding so she’s recording every single penny she spends – let’s look at what she can get tax relief for (and why or why not).

Confused by Type-2 Self-Assessment forms?

With the deadline for completion of Type 2 certificates by the end of February, we thought we’d cover some of the questions we’ve been asked recently.

Taking account – is having an accountant a luxury or a necessity?

Are you confident that you can keep up to date with all the changes in tax law, practice, tax tribunals etc?

Pension tier and indemnity non-tax thresholds and take-home pay

Registering as self-employed

Is my pay all going on income tax?

Computer says no – GP locum mortgages

Start planning now for  next year’s tax

Sort your tax in time for Christmas

To sell a house

IR35 intermediary legislation: turning a sow’s ear into a silk purse

Where the nhs pension  scheme gets really complicated

IR35 ‘intermediary legislation’ and public sector employment for GP locums

Don’t leave your accounts until the last minute

Give and take – what locum GPs can claim for tax

Locuming as a limited company

When ill-health causes  financial and tax problems

New tax rules with 2016 budget

Why do you need  an accountant?

Rental properties – good news and bad

Claiming for GP travel expenses

This has become an extremely complex area in recent years and a recent tax case, concerning a consultant, which restricted mileage claims, will have repercussions for sessional GPs.