Do locum doctors and dentists need to register for Self Assessment?
Yes — locums are self-employed and must register for Self Assessment, report all income, and pay Income Tax and Class 4 NI on their profits.
Should a locum operate through a limited company or as a sole trader?
A limited company can be more tax-efficient for higher earners, but IR35 rules may apply. Sole trader status is simpler for lower-income locums.
Can locums claim expenses to reduce their tax bill?
Yes — locums can claim expenses such as indemnity insurance, registration fees, CPD, travel, and home office costs to reduce their taxable profit.
CIS
By speaking with one of our accountants, you can achieve more than just reducing the deductions the main contractors make.
Bookkeeping
Accounting and bookkeeping are important, but they don’t have to be a hassle.
Self Employment
Providing the latest updates to sole traders and adjusting services as necessary, Durrani & Co can assist your business in succeeding.
Self Assessment
We offer a full personal tax compliance service where we can assist you in preparing and submitting your self-assessment tax return on time.
VAT
Taxes like value added tax (VAT) are complex and demanding on businesses – so complicated most businesses accidentally overpay or underpay VAT. Simply put, it’s a bit of a hassle.
Company Secretarial
As a business owner, the last thing you need is to use up valuable resources ensuring you’re compliant with the Companies Act.
Company Formation
Registering a company is exciting, but its also a major part in laying the first foundations of your company and there’s more to consider than just buying a cheap ready made company on the internet!
Accounts
We’ll handle your accounts, hitting all your statutory deadlines and giving you the clarity you need to maintain your business.
Locums
We have been assisting GP’s, Consultant Doctors, Nurses and Technicians working throughout the NHS and private medical organizations for over 4 decades, so know your accounts and tax affairs in capable hands while we make sure you remain compliant taking home as much of your income as possible.
