Healthcare & Medical Professionals
(Locums & Healthcare Workers)
Healthcare professionals often work as self employed locums or through limited companies, with income from multiple NHS or private clients. This would be outside of your usual payroll.
Why you need an accountant:
With income from multiple NHS trusts or private agencies, healthcare professionals often overlook tax liabilities or fall foul of IR35 legislation. We also alert clients early to tax code errors or PAYE shortfalls which are common in this field.
Self-employed vs. Limited Company:
While some locums operate as sole traders, forming a limited company can offer tax advantages and professional credibility, especially for higher earners.
Example pricing:Self-Employed: from £200/yearLimited Company: from £750/year or £62/month
Healthcare & Medical Professionals
(Locums & Healthcare Workers)
Healthcare professionals often work as self employed locums or through limited companies, with income from multiple NHS or private clients. This would be outside of your usual payroll.
Why you need an accountant:
With income from multiple NHS trusts or private agencies, healthcare professionals often overlook tax liabilities or fall foul of IR35 legislation. We also alert clients early to tax code errors or PAYE shortfalls which are common in this field.
Self-employed vs. Limited Company:
While some locums operate as sole traders, forming a limited company can offer tax advantages and professional credibility, especially for higher earners.
Example pricing:Self-Employed: from £200/yearLimited Company: from £750/year or £62/month
Healthcare & Medical Professionals
(Locums & Healthcare Workers)
Healthcare professionals often work as self employed locums or through limited companies, with income from multiple NHS or private clients. This would be outside of your usual payroll.
Why you need an accountant:
With income from multiple NHS trusts or private agencies, healthcare professionals often overlook tax liabilities or fall foul of IR35 legislation. We also alert clients early to tax code errors or PAYE shortfalls which are common in this field.
Self-employed vs. Limited Company:
While some locums operate as sole traders, forming a limited company can offer tax advantages and professional credibility, especially for higher earners.
Example pricing:Self-Employed: from £200/yearLimited Company: from £750/year or £62/month
