Accounting Services for the Medical Practitioners in the UK

At Jermyn & Co, we understand the unique financial challenges faced by medical practitioners, including doctors, consultants, surgeons, and other healthcare professionals. Balancing patient care with the administrative demands of running a practice requires a tailored financial approach.

Our specialised accounting services for medical practitioners are designed to optimise your finances, simplify tax compliance, and support the growth and sustainability of your practice. Whether you’re self-employed, in a partnership, or running a private practice, we’re here to provide expert support.

Why Jermyn & Co?

Why Choose Jermyn & Co for Your Tax Requirements?

Medical practitioners face complex tax regulations, unique deductions, and strict compliance requirements. Our services help you:

  • Save Time – Let us manage your accounting and tax needs while you focus on patient care.
  • Optimise Tax Efficiency – Claim all eligible deductions and allowances to minimise liabilities.
  • Ensure Compliance – Navigate HMRC regulations with confidence and avoid penalties.
  • Support Growth – Use our financial insights to plan for the future of your practice.

Our dedicated team combines in-depth knowledge of healthcare accounting with personalised service to help you achieve your financial goals.

Industry Expertise

Time Savings

Compliance Confidence

Tax Optimisation

Jermyn & Co

Explore Our Core Services for Medical Practitioners

We provide a comprehensive range of accounting and advisory services for medical professionals:

1. Tax Planning and Compliance

Medical practitioners can claim a range of deductions and allowances. Our services include:

  • Guidance on allowable expenses, such as professional memberships, training courses, and medical equipment.
  • Strategic tax planning to optimise your position and reduce liabilities.
  • Assistance with HMRC compliance to ensure timely and accurate tax filings.

2. Bookkeeping and Financial Management

Accurate financial records are essential for managing income and expenses. We help you:

  • Maintain organised records for clinic costs, patient billing, and staff payroll.
  • Track income from multiple streams, including private practice and NHS work.
  • Prepare financial summaries to monitor profitability and cash flow.

3. Self-Assessment and Partnership Tax Returns

For self-employed practitioners and partnerships, we manage:

  • Self-assessment tax returns, including calculation of allowable expenses.
  • Partnership tax filings, ensuring fair distribution of income and compliance with regulations.
  • Timely submissions to HMRC to avoid penalties.

4. Payroll and Staff Management

If you employ practice staff, we provide:

  • Comprehensive payroll services, including wage calculations, National Insurance, and pension contributions.
  • Structuring employee benefits to attract and retain top talent while optimising tax efficiency.
  • Full compliance with employment regulations.

5. VAT and Capital Allowances

Certain medical services and equipment qualify for VAT exemptions or relief. We assist with:

  • VAT compliance for private practices offering taxable services.
  • Claiming capital allowances on equipment, technology, and other assets.
  • Maximising tax deductions on practice investments.

6. Practice Growth and Strategic Advisory

Planning for the future is vital for sustainable growth. We provide:

  • Retirement and succession planning to ensure a smooth transition.
  • Budgeting and cash flow forecasting to support expansion or investment.
  • Financial modelling for new premises, additional equipment, or hiring decisions.

Jermyn & Co

What our clients say about their experience with us

The team at Jermyn & Co has always been really helpful and efficient in resolving any issues. Karl has offered me good advice over the years and helped me to develop my business.


Peter Cairns via Google

Carl and his team has been great doing our business accounts and self assessment. Always willing to answer any questions we may have and explain things if necessary. He always thinks about his clients needs and we are very happy for Jermyn & Co to be our accountants.


Linda Thorpe via Google

Jermyn &Co are a friendly and helpful firm. Always accessible and willing to help.


Mark Cozens via Google

Karl and his team have done our accounts for quite a few years now.We have always been happy with them and any queries we have are answered promptly.Highly recommend.


Amanda McFarlane via Google

I have been a customer for a number of years and am a very small company in terms of turnover. The service and guidance I have received over the years from the staff especially Karl has been fantastic! I am always late getting my books in but they always turn them around in double quick […]


Nicky via Google

They offer an excellent, personal, down to earth, great value service. Always there when needed. Would highly recommend.


Andrew R Heaford via Google

I recently needed a remorgage to set up a new business. a friend recommended Karl. He advised my business with the right stucture, helped me with morgage very quickly. reliable service!


Ashley Wang via Google

I have been a customer of Karl for some years now and have always found him and his team approachable, professional and friendly. All my questions and accounting issues are answered and dealt with quickly and he is always happy to help in anyway. I couldn’t recommend them enough.


Sue Hull via Google

Karl Jermyn has been my accountant for many years. He has always provided helpful, timely and accurate advice and has been a great support in managing the tax returns for our Trust.


Sarah Stallebrass via Google

Great service – always friendly and willing to advise. Goes the extra mile for you which is lovely and much appreciated in this day and age.


Charles Grewcock via Google

Jermyn & Co

Frequently Asked Questions about Tax in the Medical Industry

You can claim expenses such as professional memberships, training courses, clinic supplies, travel between work sites, and equipment costs. We ensure all allowable expenses are included.

Most medical services are VAT-exempt. However, some private practices offering non-medical services may need to register. We’ll provide clear guidance based on your practice’s activities.

Yes, we specialise in managing multiple income streams, ensuring accurate reporting and tax optimisation for NHS and private work.

Our succession planning services ensure a smooth transition, maximising the value of your practice and securing its long-term sustainability.

Our Accountancy Services

We offer a range of services to help you manage your finances and grow your business.

Why Jermyn & Co?

Why Choose Jermyn & Co for Your Accounts?

At Jermyn & Co, we’re more than just accountants – we’re your partners in success. Our accountancy services are designed to help you:

  • Stay Compliant – Ensure your financial records meet HMRC and Companies House requirements.
  • Save Time – Let us handle the numbers while you focus on growing your business.
  • Improve Efficiency – Streamline processes and reduce errors with expert support.
  • Plan for Growth – Use actionable insights to guide your financial decisions and achieve your goals.

With our proactive approach, you’ll gain the confidence and clarity you need to succeed.

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Why Jermyn & Co?

Why Choose Jermyn & Co for Business Tax?

Tax legislation in the UK can be complex and ever-changing, but with Jermyn & Co by your side, you’ll have access to expert advice and practical solutions.

Our services include:

With our expertise, you can focus on running your business while we handle the numbers. We’re committed to helping you stay ahead of deadlines and legislation changes.

Corporation Tax Compliance

VAT Services

R&D Tax Credits

Tax Planning and Advisory

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Why Jermyn & Co?

Why Choose Jermyn & Co for Personal Tax?

At Jermyn & Co, we understand that everyone’s financial situation is unique. Our personal tax services are designed to help you:

  • Optimise Tax Efficiency – Leverage allowances, reliefs, and deductions to minimise your tax liability.
  • Ensure Compliance – Stay on top of filing deadlines and HMRC requirements to avoid penalties.
  • Plan for the Future – Align your tax strategy with your long-term financial goals.
  • Simplify Tax Complexity – Let us handle the details so you can focus on what matters most.

From simple tax returns to complex financial arrangements, we provide expert advice and support tailored to your needs.

Proactive Tax Planning

Expert Guidance

Tailored Solutions

Stress-Free Compliance

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Why Jermyn & Co?

Why Choose Jermyn & Co for Corporate Finance?

At Jermyn & Co, we understand that every business is unique. Our experienced team offers a personalised approach to corporate finance, helping you:

  • Secure Financing – Access the funding you need for expansion, acquisitions, or working capital.
  • Plan for Growth – Develop tailored financial strategies to achieve your business objectives.
  • Manage Mergers & Acquisitions – Navigate complex transactions with confidence, from valuations to negotiations.
  • Optimise Financial Performance – Streamline processes, reduce costs, and maximise profitability.

Whether you’re a start-up seeking investment or an established business exploring new opportunities, we’ll provide the expert guidance you need to succeed.

Business Valuations

Mergers & Acquisitions (M&A)

Fundraising & Investment

Financial Modelling
& Forecasting

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Why Jermyn & Co?

Why Choose Jermyn & Co for HR Services?

At Jermyn & Co, we understand that every business is unique, and so are its HR needs. Our tailored HR services help you:

  • Stay Compliant – Meet the latest UK employment laws and regulations with ease.
  • Save Time and Resources – Let us handle the admin while you focus on growing your business.
  • Engage Your Team – Build a positive, productive workplace with our employee engagement solutions.
  • Grow with Confidence – Ensure your HR strategy aligns with your long-term business objectives.

Whether you need ongoing HR support or help with a specific issue, our experienced team is here to assist.

Payroll Management

HR Compliance

Employee Engagement & Retention

Training & Development

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Jermyn & Co

How We Help Medical Practitioners Succeed

At Jermyn & Co, we provide more than just accounting services – we deliver strategic support to help medical professionals manage their finances and achieve their goals. From simplifying day-to-day accounting to planning for long-term growth, our proactive approach ensures you stay financially healthy and focused on patient care.

Ready to change?

Talk To Us

Schedule a consultation to discuss your accounting needs.

Plan and Implement

We’ll create a customised financial strategy for your needs.

Achieve Results

Focus on patient care with the confidence that your finances are in expert hands.