If you started as a Self Employed healthcare practitioner between 6th April 2020 and 5th April 2021, you will need to register the business with HMRC and will need to file a Self Assessment tax return online by 31st January 2022. We can do this for you and make sure that you claim the correct expenses.
Class of 2021: Congratulations!
Congratulations on qualifying as an Osteopath.
We are here to help you through the accounts and tax maze.
Please call for a 10 minute chat: 01772 611432 / 07986 381123.
Class of 2020: Welcome!
A challenging first year of being Self Employed?
Please call for a 10 minute chat and hopefully we can help you out: 01772 611432 / 07986 381123.
As Osteopathy Accountants, we provide a full range of Accounting and Tax Services to UK Osteopaths.
Our services are for sole practitioners, locum, associate and contracting Osteopaths.
We welcome newly qualified practitioners and offer guidance through the important early days of setting up the business.
We know that Osteopaths need to look after their patients, and run their small business, so we are here to help.
Our services cover both of these, and if you are just starting practising we can help you decide which is best for you.
Self Employment Information
Our fees for the preparation and filing of Accounts and Tax Returns are from £32.00 per month, for 12 months, concurrent with the tax year, so May to the following April.
Discount is available practitioners who are newly qualified or new to practice.
Fees may vary if your income is more complex, eg. investments and property letting.
We offer a free spreadsheet for your bookkeeping.
For Self Employed people there is no legal distinction between the owner of the business and the business itself. A Self Employed person is not an employee of the business.
Self Employed people are entitled to keep the profits of the business, after paying any Tax and National Insurance, but a Self Employed person has unlimited liability for the debts of the business.
The potential taxes include:
Please note also that Self Employed people pay Student Loan repayments through the Self Assessment Tax Return process.
The HMRC Tax Payments On Account will also usually apply to healthcare practitioners.
Limited Company Information
The differences between being Self Employed/Sole Trader and a Limited Company are explained on our established website. Please take the links below.
If you are recently qualified, or currently registered as Self Employed, and are considering whether you should practice as a Limited Company, please see our guide Sole Trader or Limited Company ? which explains many of the differences between them.
We are able to supply direct tax comparisons based on your projected profit.
As Osteopath Accountants, we can form a Limited Company for you, and complete the registrations with Companies House and HMRC. This is subject to the condition of an annual monthly fee contract to include Accounts & Tax filing, PAYE and Self Assessment.
We will also supply you with our free spreadsheet to record your fees and expenses, which produces a Profit & Loss Account and Trial Balance and a running estimate of Corporation Tax payable.
We also provide bookkeeping training and support.
During the year we will process your salary and dividend payments, and at the Year End we will file your company accounts and tax, and your personal Self Assessment.
Our main website includes information on: