Medical services provided to protect, maintain or restore a patient’s health are generally VAT-exempt. Other work, such as some reports or services with a non-medical purpose, may be treated differently. We’ll review your income streams so you apply the right treatment to each one.

Your partnership agreement should set out how profits and shared costs are divided. Accurate practice accounts then give each partner the figures needed for their own tax return. We can help keep the allocations clear as partners join, leave or change their working patterns.

You may need to complete a Self Assessment return if you receive private practice, locum or other income that has not been fully taxed through PAYE. We’ll bring your income sources together, check the reporting requirements and help you avoid surprises at year end.

Common costs include platform fees, payment processing, advertising, software, packaging and business-use equipment. The expense must relate to the business, and you’ll need records to support it. We can help you set up bookkeeping that captures these costs as you go.

The rules depend on what you sell, where your customers are and whether a marketplace handles any tax on your behalf. We’ll help you map your sales channels and identify where VAT or other cross-border obligations may arise.

Platforms often deduct fees, refunds and other charges before sending you a payout. Your accounts should record the full sales value and those deductions separately. We can help you reconcile each platform so your income and costs are reported accurately.

Routine repairs may be deductible, while work that improves or extends a building is usually treated differently. The distinction depends on the work carried out. We’ll review the invoices and advise on the correct treatment.

It can. A farm shop introduces a separate retail income stream, and different products may have different VAT treatments. Good records will also help you see whether the shop is making a profit in its own right.