Active Tax Management - Tayabali & White

Active Tax Management

There are many aspects to private practice taxation and tax reliefs, as well as the taxation on you as you withdraw your trading profits. Planning is crucial.

Private Practice
Tax Structure

Understand how best to set up your practice.

Co-ordinating all
sources of income

Understand how your different income streams are taxed and plan ahead.

Private Practice Tax Structure

Consultants practice either through a limited company, a partnership or alone through self-employment. To determine the best route, there are many considerations that we discuss with our doctor clients and this involves getting to know them and their circumstances well.

Factors to consider include how much you expect to earn, what other income you have, how much income you require, whether your spouse can be involved in the business – and many more.

Furthermore, this is an area where tax legislation changes frequently and it is vital to revisit your business structure with us regularly. As always, the important thing is to take time to plan and to rely on our expertise to help you.

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Co-ordinating Practice, Employment and Investment Income

Many doctors and medical professionals will have income from employment, private practice and investments, which are taxed in different ways and will link across different tax bands and tax rates. Additionally, their spouse may contribute other income to the family.

We can help you understand how all your family income streams are linked and plan to ensure that they are not subject to more tax than necessary. Again, it is about taking time to understand the whole picture and offer you careful and tailored advice.

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Why us?

Tayabali & White is a long-standing firm of Cambridge accountants and tax advisers. Our ethos has always been to combine strong technical expertise with exceptional client service. This is borne out in our compliance work: our clients do not miss filing deadlines and very few face HMRC enquiries. This is enormously reassuring for our clients.

However, exceptional service is invaluable to clients when it comes to tax planning, for example Capital Gains Tax, Inheritance Tax and Trusts, where practical and personal advice can only really be provided when we understand our clients’ situations intimately well. Our partners take the time to get to know new clients and our long-serving staff provide a familiar environment as we work with clients over the years.

Such an approach cannot be mass-marketed. We enjoy taking on clients who share our ethos and whom we can help with their personal and business tax and accountancy needs over many years.

99% of compliance deadlines met
of compliance
deadlines met
100% success with R&D Tax Credits
success with
R&D tax credits
10.3 years average staff service
average
staff service
100% of tax returns filed on time
of tax returns
filed on time

Become a client

Begin a relationship with our team

Our clients

Our clients do some really interesting things covering a wide range of industry sectors.

These include accommodation, agriculture & agribusiness, biotechnology, construction, consulting, education, engineering, financial services, IT, Journalism, manufacturing, medicine, music, pharmaceuticals, procurement, publishing, real estate, retail, telecommunications, transportation, web services.

Our clients

Testimonial

"Due to several recommendations I engaged Tayabali & White to act as my accountants. I have been delighted with the friendly, personal and efficient service that I have received from day one."
Brian Fish
ENT consultant