Experts in Dental & Medical Accountancy

Free consultation with one of our specialists

Specialist Accountants for Medical Professionals

Whether you’re looking for your first ever accountant or you’re ready for a change, choosing a professional that you can trust with your finances can be a daunting task. Here at Nichols Medical Accountants, we specialise in providing peace of mind for doctors and other medical professionals. As active members of The Association of Independent Specialist Medical Accountants (AISMA), we are dedicated to excellence in the field. Additionally, our endorsement by Medics Money and Dental & Medical Financial Services serve as further proof of our track record.

Here’s just a few reasons you’ll love working with us:

Tailored for healthcare professionals, our services address your distinct financial requirements with precision and care.
We have over 20 years of experience helping medical professionals
Transitioning to Nichols Medical Accountants is effortless. We manage every aspect, from liaising with your former accountant to establishing your new account, ensuring a seamless and hassle-free shift.

Why Choose Our Services?

Benefit from Nichols Medical’s specialised approach to tax and accounting, ensuring doctors like you achieve optimal fiscal health and security.

Specialist advice for Medical Practices.
Managing and assisting financial needs for Salaried GP’s, Locums, Hospital Doctors and Consultants.
Simplified tax solutions.
Over two decades of specialist experience.

Partnering for Your Success – Dental & Medical Financial Services

Our collaboration with Dental & Medical Financial Services ensures a comprehensive approach to financial management. Together, we combine the specific knowledge of medical accountancy with the tailored solutions provided by Dental & Medical’s professionals. This partnership not only enhances the quality of financial services offered but also enables a more holistic and effective support system for clients in the healthcare sector, addressing their distinctive financial needs with precision and care.

Looking for an answer to a question?

Frequently Asked Questions

We understand that there may be many questions when looking for an accountant. For this reason, we’ve compiled a list of frequently asked questions for you, which we hope will be helpful. However, if you have any further questions, please contact us.

Why are Nichols Medical Accountants different to other specialist medical accountants?

At Nichols Medical Accountants, our distinction lies in our active membership with The Association of Independent Specialist Medical Accountants (AISMA), highlighting our commitment to excellence in medical accounting. Furthermore, our recognition and validation by Medics Money underscore our proficiency and reliability in the field, ensuring you receive expert financial guidance tailored to the medical profession.

Why is it important to choose a specialised medical accountant?

Choosing a specialist medical accountant is crucial because the financial intricacies of the medical profession require bespoke accounting solutions. Specialist accountants, like ourselves, possess the knowledge and expertise to navigate the unique tax regulations, pension schemes, and financial planning needs specific to healthcare professionals, ensuring your finances are optimised for both compliance and efficiency.

How does Nichols Medical Accountants’ affiliation with AISMA benefit their clients?

Our affiliation with The Association of Independent Specialist Medical Accountants (AISMA) benefits our clients by ensuring that they receive services from a team that is at the forefront of medical accounting. This membership means we adhere to a stringent code of ethics, stay updated with the latest industry standards, and employ best practices specifically designed for medical professionals. This commitment to excellence translates to high-quality, tailored financial advice for our clients.

What services do Nichols Medical Accountants offer to healthcare professionals?

Here at Nichols Medical Accountants, we offer a comprehensive range of services tailored to the unique needs of healthcare professionals. These include, but are not limited to, tax planning and compliance, practice financial management. Our goal is to provide a holistic approach to your financial health, ensuring all aspects of your professional and personal finances are expertly managed.

How does Medics Money’s validation of Nichols Medical Accountants enhance trust?

Medics Money’s validation of Nichols Medical Accountants serves as an external acknowledgment of our expertise and reliability in medical accounting. This endorsement means that we have been rigorously evaluated and deemed proficient in providing high-quality accounting services to medical professionals. It assures prospective clients that they are entrusting their financial matters to a reputable and competent firm, fostering trust and confidence in our services.

Get in touch

Contact us for a free no obligation consultation with our team, either by telephone or requesting a call back

Telephone: 020 8850 3300

We’re open from 9am to 5pm Monday to Friday. We are closed on bank holidays.

News

Our latest updates

Director’s Loan Account and Personal Expenses for NHS Consultants

A director’s loan account for NHS consultants can be used for personal expenses, but the rules matter. Learn how to use them.
Read more
Family Investment Company for NHS Consultants: When to Consider One

Family Investment Company planning for NHS consultants. Learn when it may become appropriate and how it can support long-term family wealth planning.
Read more
The Tax Traps for High-Earning Doctors

The Tax Traps for High-Earning Doctors explained. Learn how the £100k tax trap, private practice income and tax planning affect NHS consultants.
Read more
Making Tax Digital for Doctors: Preparing for Quarterly Reporting

Making Tax Digital for Doctors explained. Learn who is affected, how quarterly reporting works and how to prepare for your first MTD submission.
Read more

View all news & updates

We have received an excellent service since we moved to Nichols & Co. The transition has been the most hassle-free and transparent. They are always very helpful with any queries you might have and have a very good working knowledge of General Practice and are keenly aware of the challenges Practices face within the changing environment of the NHS.
We have been very impressed by the way Nichols & Co continue to deliver the range of services they provide from Accounts to Tax and NHS Pension advice.

At the year-end meetings, the accounts are presented in an understandable format without any unnecessary jargons. We have found Practice consultation and advice on Practice as well as personal tax matters from Nichols & Co specifically helpful.
We would not hesitate to recommend them to other GP Practices.

Dr William Jasper, GP Partner

I am a GP who works both in salaried and sessional roles. I have been with Nichols & Co for nearly three years. They have helped with my tax returns and can help with the range of different forms required in GP work. Danny and Shadmir have been accurate and efficient in their advice and guidance throughout. They have also been helpful and responsive when I have needed advice on the purchase of a car and also when looking to prove my income in order to get a mortgage.

The system for providing income details and expenses is very easy to use and the summary they provide of how and when to pay your tax could not be clearer. I would recommend Nichols & Co to any colleague looking for an accountant with a good knowledge of GP work.

Dr C DeSouza, Salaried GP

I’ve been with Nichols and Co for nearly 10 years with Debra being my accountant. I first contacted them when I received letters for tax arrears due to the wrong tax codes being applied during my hospital jobs.

Debra sorted this matter out and has always provided helpful and honest advice regarding tax matters. She has also helped my wife with her tax returns. I would definitely recommend their services for accounting matters with a special interest in helping doctors with their tax affairs. They are approachable, helpful and efficient.

Dr Ravi Bansal, Locum GP