McKenzie Knight and Partners were formed in response
to the problems faced by Doctors and have thousands of satisfied
clients, both in the UK and overseas. We have been providing advice to hospital Doctors, Dentist, GPs, and Pharmacists for the past 18 years understanding their unque circumstances,
and aim to free them from worry in their accountancy and administration
affairs; allowing them to concentrate on their work and make the
most of their valuable spare time. In the process, we have reclaimed
on behalf of out clients, over £10 million in tax refunds from
the Inland Revenue.
All NHS Doctors are affected by self-assessment
and are now responsible for calculating their own tax. Research
has shown that 80% of hospital Doctors have neglected their tax
affairs. Despite busy schedules, changes in employment and address,
they must realise the onus is upon them to keep the Inland Revenue
informed, plus declaring additional sources of income (locums, crem
fees, private practice, royalties, investments, shares Medical Reports, Overseas income and investments etc) and
will incur heavy penalties for non-disclosure.
As an NHS Doctor working within the UK, you
are three or four times more likely to be incorrectly taxed than
any other professional. The Inland Revenue will allow accountants
to investigate claims up to 4 years retrospectively. Failure to
make the necessary claims within these time constraints will result
in any monies owed being forfeited.