Taxation of Doctors & Dentists (ICAS)

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