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Complex Doctor Finances Need More Than a Compliance-Only Accountant

Accountants for Doctors

Specialist Medical Accountants for NHS, Locum & Private Practice

Qualified Doctor Accountants Helping Medical Professionals Across the UK

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Accountants for Doctors

Vexo Accounting provides specialist accounting services and accountants for doctors across the whole of the UK. We work with general practitioners, hospital consultants, locum doctors, NHS doctors and private practice owners who want a medical accountant who actually understands medicine.

We built our service around the unique financial challenges faced by doctors at every stage of a medical career. Every stage, from a junior doctor's first payslip to a GP partner's retirement, brings its own set of tax rules, and general accountants for doctors don't always keep up.

Doctors face unique financial challenges that a generalist accountant can easily miss. NHS pay, NHS pensions, locum shifts, private income, and teaching fees can all land on one tax return, and that needs medical accountants who see this every day.

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We Understand the Money Pressures That Come With a Career in Medicine

There were 29,008 fully qualified full-time equivalent GPs working in NHS general practice in England in June 2026. That's actually 356 fewer than in September 2015, even after years of effort to recruit more GPs into the healthcare sector.

Around 200,000 people work in general practice across England. That works out at roughly 149,000 full-time equivalent staff, so most GP practices and medical practices run on a tight team with a lot of moving financial parts.

Pay also varies a lot. Average GP partner earnings sit around £164,000 a year, compared with about £74,500 for a salaried GP. Around 1 in 10 GP partners earn £250,000 or more, and roughly 1 in 20 earn over £300,000.

That kind of income brings tax problems a general accountant won't spot. The financial landscape for doctors looks different to almost every other profession, thanks to NHS pensions and mixed income, and it takes real expertise to keep on top of it.

Many doctors don't realise how much of their income tax and pension position depends on decisions made months earlier, which is why our accountants for doctors service starts with a proper review of your finances, not just last year's tax return.

Accountants for Doctors
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We Provide Specialist Accounting Services Built Around the Medical Sector

We Provide Specialist Accounting Services Built Around the Medical Sector

Our accounting services cover individual doctors, GP practices, and medical practices of every size, and we also support smaller medical practices that just need one point of contact. Whether you need the right accountant for a straightforward Self Assessment or full support for a GP partnership, our specialist accounting services are structured to match how healthcare professionals actually earn.

Busy medical professionals rarely have time to research tax law between clinics and on-call shifts. That's why our services take the research and admin off your plate: bookkeeping, tax returns, annual accounts, and ongoing advice on financial management, all handled by an experienced team who already understand NHS contracts.

Medical professionals and healthcare professionals across the NHS and private sector both bring genuinely different accounting needs from most small businesses. A general practitioner running a partnership has more in common, financially, with a small business owner than with an employee, and our medical accounting service reflects that. As specialist accountants for the medical profession, we see the same patterns every year, and we build our services around them rather than treating each case as a one-off.

Specialist Accounting Support for Doctors

Let Vexo Accounting manage your tax returns, accounts, expenses and financial planning, with dedicated support built around doctors and medical professionals.

The NHS Pension and Annual Allowance Cause More Tax Problems Than Most Doctors Realise

Your NHS Pension Scheme is one of the most valuable benefits in medicine. It's also one of the easiest ways to get hit with a tax bill you never saw coming.

The standard pension Annual Allowance is £60,000 for 2026/27. If your NHS pension grows by more than that in a year, on paper you can owe tax on money you never actually took home, and that's before factoring in how the NHS pension Annual Allowance tapers for higher earners.

This gets more pressing once your threshold income goes above £200,000 and your adjusted income goes above £260,000. At that point, the tapered NHS pension Annual Allowance, Carry Forward and pension tax charges start working against you if nobody is watching them.

We handle Annual Allowance calculations, Pension Savings Statements, superannuation certificates and Scheme Pays elections for doctors every year, so you get an informed decision rather than a surprise bill. We also plan ahead for retirement, phased retirement and reducing your NHS sessions, so a pension decision doesn't turn into a tax charge. Meeting NHS requirements around pension reporting is part of the service, not an extra.

The NHS Pension and Annual Allowance Cause More Tax Problems Than Most Doctors Realise
WHY CHOOSE VEXO ACCOUNTING

WHY CHOOSE VEXO ACCOUNTING

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We spot opportunities and challenges early, helping you stay ahead.

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We value your time and get answers when you need them.

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Plain English with no surprises. Fixed fees for total clarity.

WHY CHOOSE VEXO ACCOUNTING

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The Areas of Medical Accounting We Cover for Doctors Across the UK

The Areas of Medical Accounting We Cover for Doctors Across the UK

Doctors move between roles more than most professions. NHS employment, locum work, private practice, teaching, research and medico-legal work can all sit under one person's name in the same tax year. Here's how our specialist medical accountants support each stage, with tax advice and tax planning built in from day one.

How We Support GP Partners and Their Practice Accounts

A GP partner isn't just an employee. Practice partners are business owners, with profits, drawings, capital accounts, borrowing, premises, and partnership liabilities to manage alongside patients, and that needs its own kind of financial management.

We prepare partnership accounts, work out profit and drawings, and support you through joining or leaving a practice, buying into a practice, and valuing goodwill. We also review partnership agreements, handle partnership loans, premises costs, and succession planning when a partner retires or a new one joins, and we complete superannuation certificates each year so nothing is missed.

How We Handle Self Assessment and Expenses for Locum Doctors

Locum income often comes with PAYE income from another role at the same time, and that mix confuses a lot of tax returns. We handle locum Self Assessment from start to finish, including agency income, allowable expenses, mileage, GMC fees, professional subscriptions, and medical indemnity.

If you're moving from locum work into a permanent post, we restructure your tax position and give clear next steps so nothing gets missed in the transition. Many doctors ask about VAT returns once they start invoicing agencies directly through a limited company, and we cover that too.

How We Plan Tax for Hospital Consultants and Private Practice

NHS consultants often build private income from private patient work, medico-legal reports, teaching, examining and research on top of an NHS salary. Each stream has its own rules, and mixing that private income without a plan usually means paying more tax than you should. Declaring private practice income correctly keeps your Self Assessment accurate and avoids HMRC queries later.

We help consultants set up and run their private, practice-based income properly, whether that's as a sole trader or through a limited company. Choosing the right business structure is one of the first decisions we help with, and from there we handle profit extraction, VAT returns and Corporation Tax where they apply. Our goal is always to reduce tax liabilities legally, not just file paperwork on time.

How We Support Junior Doctors With Their First Tax Return

More than 47,000 applicants competed for 2026 medical training posts, and a lot of that generation will file a Self Assessment tax return before they've had time to learn what it involves.

We take care of that first return, along with GMC registration costs, exam fees, training expenses, professional subscriptions, and indemnity. We also factor in student loan repayments and locum income if you're picking up extra shifts, and we give the needed advice early so small mistakes don't turn into HMRC letters later.

How We Plan Ahead for Higher Earning Doctors and Doctors With Property

Once your income passes £100,000, then £150,000, then £200,000 and beyond, the interaction between income tax, NHS pension growth, the Annual Allowance and Carry Forward gets complicated fast. Around 34% of qualified GPs in England weren't working in NHS general practice in 2024, and many had moved into private work, portfolio careers or property.

We plan salary and dividend levels for doctors running a limited company, manage Capital Gains Tax on property disposals, and advise on holding property personally or through a company. We also support career moves such as salaried GP to partner, or registrar to consultant, with tax matters sorted before you make the jump, protecting your financial stability along the way.

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How Much Does an Accountant for Doctors Cost in the UK?

Every doctor's tax position is different, so any figure you see online is a starting point, not a quote. Based on recent projects we've worked on, here's a rough guide.

  • Self Assessment for a locum or salaried doctor with straightforward income: around £300 to £600 a year.
  • NHS doctors with pension tax planning and more than one income stream: around £450 to £900 a year.
  • Consultants or a GP partner working through a limited company: around £150 to £400 a month.
  • Full GP practice accounts and partnership support: often £2,000 to £5,000 or more a year, depending on the size of the practice.

The price is a rough guide, and the actual cost varies depending on your income streams, your business structure, and how much support you need through the year. We'll always give you clear guidance and a fixed quote before any work starts, so there's no guessing about your finances.

How Much Does an Accountant for Doctors Cost in the UK
Why Doctors Across the UK Choose Vexo Accounting

Why Doctors Across the UK Choose Vexo Accounting

We're specialist medical accountants for doctors, not a general practice that happens to take on medical clients. That difference shows up in every tax return and every piece of tax advice we give. As a specialist accountancy firm, we understand the specific financial needs of doctors and healthcare professionals.

Our experienced team stays on top of NHS pension rules, Annual Allowance changes, and Making Tax Digital requirements, so you get advice that's actually current. We take a proactive approach rather than waiting for a problem to land on your desk, and we build tailored solutions around how you actually earn, not a generic package.

Getting expert medical accountants involved early, before a small tax issue grows into a large one, tends to save doctors far more than it costs, and it means someone else is watching your financial affairs while you focus on patients. Not all specialist accountants take the time to understand NHS pension rules the way our medical accountants do.

A few reasons our clients stick with us:

  • Honest advice, even when it means telling you something you didn't want to hear.
  • A dedicated team who already understands NHS contracts, GP practices and private practice.
  • Compliance checks built into everything we do, ensuring accurate tax returns and ensuring compliance with HMRC and pension rules, so you stay compliant without extra effort on your part.

What Working With Our Specialist Medical Accountants Actually Looks Like

We start with a free initial consultation to understand your income streams and what's not working with your current setup. From there, we agree a fixed fee, move your records onto cloud accounting, and take over your tax returns, annual accounts and NHS pension planning.

You get a dedicated contact who answers questions through the year, not just at deadline time. That's how we keep doctors and other healthcare professionals a step ahead of HMRC, instead of catching up after the fact. Our accountant-led approach works whether you're one of our individual clients or one of the GP practices and medical practices we support, because the expertise, the services and the tax returns we handle are all built around medicine, not general business.

Choosing the right accountant early, before a tax problem appears, is usually what protects your financial stability the most. Medical professionals often assume their situation is too complicated to explain quickly, and it usually isn't once someone who knows the medical sector is asking the right questions. Every client gets a named contact, not a call centre, and that applies whether you're an individual doctor or one of the medical practices we support.

Need Help With Your Accounts or Tax?

Our team can provide straightforward advice and tailored support to help you stay organised, compliant and confident about your finances.

Get a Free Quote From Vexo Accounting Today

If you want an accountant who understands NHS pensions, being a GP partner, locum income, and private practice without you having to explain it all from scratch, we're ready when you are.

Get in touch with Vexo Accounting for a free initial consultation and a fixed quote for your accounts and tax return. No jargon, no guesswork, just straightforward advice from a team of medical accountants who know the medical sector and the wider healthcare sector inside out. These services are built for how doctors actually work, not a one-size-fits-all package, and every part of the range of services scales as your career and your income grow. We file accurate tax returns every year, on time, and we keep our services simple, so you always know what's included across all our services.

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Ready to take the stress out of your finances
Ready to Take the Next Step?
Book a free consultation and discover how we can help your business grow.
FAQS

Frequently Asked Questions

Clear answers to the most common questions about our accounting services.

What does an accountant for doctors do?

An accountant for doctors manages tax returns, accounts, bookkeeping and tax planning around the way medical professionals actually earn, including NHS pay, locum income, private practise and teaching fees. Specialist medical accountants can also support NHS pension planning, GP partnerships and other medical accounting requirements.

How much does an accountant for doctors cost in the UK?

An accountant for doctors costs around £300 to £600 a year for a straightforward Self Assessment, £450 to £900 for NHS doctors needing pension tax planning, and around £150 to £400 a month for some consultants or GP partners using a limited company. Full GP practise accounts and partnership support can cost £2,000 to £5,000 or more a year, depending on the practise and support required.

Do doctors need a specialist medical accountant?

Doctors need a specialist medical accountant when their finances involve areas such as NHS pensions, locum work, private income, GP partnerships or multiple income streams. A specialist understands the accounting and tax issues that can arise from the way doctors earn, rather than treating the work like ordinary small-business accounting.

Can an accountant help doctors with the NHS pension Annual Allowance?

An accountant can help doctors with the NHS pension Annual Allowance by calculating the position, reviewing Pension Savings Statements and considering Carry Forward and Scheme Pays elections where relevant. This can help doctors understand potential pension tax charges before they become an unexpected bill.

Can an accountant help locum doctors with tax returns?

An accountant can help locum doctors with tax returns by dealing with agency income, PAYE income, allowable expenses, mileage, GMC fees, professional subscriptions and medical indemnity. They can also help restructure the tax position when a doctor moves from locum work into a permanent role.

Do NHS consultants need an accountant for private practise income?

NHS consultants need an accountant for private practise income when they have earnings from private patients, medico-legal work, teaching, examining or research alongside NHS pay. An accountant can help determine whether the income should be handled as a sole trader or through a limited company and can deal with profit extraction, VAT and Corporation Tax where applicable.
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