The 5 Biggest Tax Problems GP Practices Face That An Accounting Firm Can Help You Overcome

by | Mar 11, 2019 | Medical

As an award winning firm of Chartered Tax Advisers and Accountants who specialise in GP practices, here’s our prediction of the 5 tax problems and threats to the medical profession in the coming years.

  1. Making Tax Digital (This will have huge implications for you)
  2. Self-Employment Status Of Your Associates
  3. IR35 (similar to the self-employment status)
  4. HMRC enquiries (they are still interested despite the failed “tax plan” campaign and have now invested in £100m system called “Connect”)
  5. Superannuation and pension tax

In addition, we predict high personal tax rates for at least another 3 – 5 years.