Professional Training

Taxation of Doctors & Dentists (ICAS)

BPP Professional Education, Online (+1 locations)
Length
1 day
Price
144.50 GBP
Next course start
7 May, 2024 (+3 start dates)
Course delivery
Self-Paced Online
Length
1 day
Price
144.50 GBP
Next course start
7 May, 2024 (+3 start dates)
Course delivery
Self-Paced Online

Course description

Overview

A review of the main tax issues likely to be of relevance when dealing with the affairs of these often demanding and complicated clients.

Who is this for?

Accountants and Tax Managers working in practice.

What you will learn

By the end of this course, participants will obtain a greater understanding of:

  • The unique tax status of the medical practitioner
  • The attitudes of HMRC recently to tax compliance in this commercial sector
  • The specific tax and financial planning issues to be addressed for these clients
  • What special allowances and expenses can be available to such clients
  • Relevant case law on medical practitioners
  • How self-assessment issues arise for these clients
  • Whether incorporation might be a good idea and will it be practical?
  • What capital tax issues might arise vis-a-vis the assets owned by such clients
  • The specific expenses claims, business and personal that such clients may be able to make

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Upcoming start dates

Choose between 3 start dates

7 May, 2024

  • Self-Paced Online
  • Online

6 August, 2024

  • Self-Paced Online
  • Online

12 November, 2024

  • Self-Paced Online
  • Online

Suitability - Who should attend?

People who may benefit from this course include tax staff and partners who have a frequent involvement with the tax affairs of medical practitioners.

Training Course Content

Partnership taxation and agreementsOffices and employmentsAllowable expensesNHS special allowances and expenses treatmentTaxation of junior doctorsPartners' expenses and capital allowances - including spousal wages and travel and subsistence costsRental income for premises. Deduction of interest paidCapital accounts, interest and allocation of profit sharePensions and pensions contributionsPrivate incomesAspects of tax compliance checks and HMRC approach to medics and dentists

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