Private Practice Compliance
Knowing your filing requirements and meeting them.
Well-presented returns reduce the risk of enquiry.
Even a one-person private practice faces myriad compliance requirements from HMRC and Companies House. Most doctors are aware of their compliance requirements though they are generally less sure about whether, when and how to register for, report and pay taxes and fees, nor what expenses they can legitimately claim.
The private practice compliance environment is very familiar to us at Tayabali & White and we will support you as much as you need.
As well as coping with the compliance environment, the prospect of having to face an HMRC enquiry is a real concern for doctors. We work with our medical clients to help ensure their tax affairs can stand up to scrutiny.
We have successfully represented medical professionals in HMRC enquiries and you can rest assured that we will look after you if HMRC enquires into your returns.
However, we believe that it is best to prevent enquiries if at all possible. We know what tax and accounting rules and reliefs affect the medical profession and how best to present your return to HMRC.
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.
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.
"Having someone I can entrust with my private practice and personal tax affairs with has been extremely reassuring over the many years I have been with Tayabali & White. It is still possible to have an advisor with whom you can share your numbers and who will also provide really useful and practical advice that goes beyond just minimising your tax liability."
Mr David Moffat
Consultant ENT surgeon