Knowledge of The Medical World
The medical world isn't easy to understand, especially concerning finances, but luckily we have accountants who have complete knowledge of the industry. We are uniquely specialised in helping locum doctors and the tax regulations and submissions associated with them.
We understand that locum doctors have different needs to doctors on full-time contracts or any other industry, so we use our skills to help you stay on top of all your accountancy requirements.
To us, you aren't just a client but rather a partner. We work closely with you to understand how you work and how we can improve your overall cash inflow annually. No matter what you ask, we will answer and put your needs ahead of our own.
Better Time Management
When you're a locum doctor, you have many tasks associated with moving between practices. With specialised accountants at Reed & Co, we are in charge of all your tax commitments, so you can continue saving the world one patient at a time.
Increased Cash Flow
Specialist locum doctor accountants may charge a little more than your standard tax advisor, but they actually cost you much less in the long term. We work with you to enhance your cash flow each year.
Less Stress, More Success
Locum doctors have unique tax laws and schedules. We take away all this stress and provide peace of mind that your taxes are in the right hands.
CIS Returns & Compliance
We handle all Construction Industry Scheme obligations for contractors and subcontractors, including monthly CIS returns, verification of subcontractors and deduction statements.
Payroll for Site Workers
We manage payroll for your entire workforce, including PAYE, RTI submissions to HMRC, and ensuring all workers are correctly classified as employed or self-employed.
VAT Returns
We prepare and file your VAT returns, including the domestic reverse charge for construction services, ensuring you're always compliant with HMRC requirements.
Self Assessment Tax Returns
For sole traders and subcontractors, we complete and file your self assessment tax return, claiming all allowable expenses to minimise your tax liability.
Limited Company Accounts
We prepare and file your annual accounts and corporation tax return, advising on the most tax-efficient way to extract profits from your construction company.
Tax Planning
We provide strategic tax planning advice to help you minimise your tax liability and maximise the profits you keep from your business.
Annual Accounts
We prepare comprehensive annual accounts that meet all regulatory requirements and give you a clear picture of your business performance.
Bookkeeping
We keep your books up to date and provide regular cash flow reports so you always know exactly where your business stands financially.
Common Questions
Of course. At Reed & Co. Accountants, we believe you deserve as much of your hard-earned money as possible, so we will look at legitimate ways that we can reduce your annual tax bill.
This depends on you as an individual. While most of the time you don't need to charge VAT as a locum doctor because you work directly with patients, sometimes there are other factors, such as how you operate and the organisations you work for. We will talk you through all of this.
At Reed & Co. Accountants, we don't handle any of your money physically. That will always be safe in your care. Instead, we will find the best ways for you to handle your expenses, budgets, and taxes.