GP Tax Enquiry Protection Insurance

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    Home » Services » GP Medical Practices » GP Tax Enquiry Protection

    Safeguarding Against HMRC Scrutiny

    In an environment where HMRC is closely monitoring GP practices, it’s prudent to consider GP Tax Enquiry Protection. This coverage can shield you from unexpected costs arising from tax inquiries, regardless of the outcome.

    Your Ally During Tax Investigations

    Tax investigations, even when you’ve done nothing wrong, can be costly. Nichols Medical Accountants offers Tax Enquiry Protection to cover professional fees associated with HMRC investigations, ensuring your practice can respond effectively without financial strain.

    Extended Services for GP Accounting

    Nichols & Co Medical Accountants offer a full range of services that support all aspects of GP practice financial management. Explore our advanced tax strategies and pension management services tailored for medical professionals.

    The Benefits of Tax Enquiry Protection

    Opting for GP Tax Enquiry Protection provides peace of mind. With our insurance, you’ll have the necessary resources to address HMRC’s enquiries thoroughly, aiming for the most favourable resolution.

    • Coverage for professional fees during tax investigations.
    • Support for GP practices under the Contractor Loan Scheme.
    • Assurance of dedicated assistance throughout HMRC enquiries.

    Comprehensive Support for GP Practices

    When faced with a tax investigation, having Tax Enquiry Protection means Nichols Medical Accountants can dedicate the required time and expertise to defend and support your practice, from initial enquiry to final resolution.

    Looking for an answer to a question?

    Frequently Asked Questions

    We understand that you might have lots of questions when looking for an accountant. For this reason, we have 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 should I consider insuring against a tax investigation?

    Tax investigations can occur regardless of wrongdoing and can be financially taxing. Insuring against this helps manage potential professional fees involved in responding to HMRC.

    But I haven’t done anything wrong, will a tax investigation still affect me?

    Yes, even if no extra tax is payable, the process of dealing with an enquiry can incur significant costs in terms of time and resources. Our protection plan covers these eventualities.

    What happens if I have GP Tax Enquiry Protection insurance and face an investigation?

    With insurance, our team can dedicate the necessary time to resolve the investigation, from initial HMRC enquiries to achieving a favourable result, without additional cost to you.

    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
    Get in touch
    Contact us for specialist medical accountancy services for GP Medical Practices

    If you’re looking to plan your finances for the future or trying to find an answer to a problem then get in touch today.

    Telephone: 020 8850 3300

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

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