Accounting for Established Professionals

At your level of earnings, the financial decisions you make, from how you structure your income to how you plan for retirement, can have a significant impact on how much of your money you keep. A general accountant may handle the basics, but a specialist who understands the world of high-earning professionals will proactively identify opportunities to reduce your tax liability, structure your affairs efficiently and protect your wealth for the long term. The right advice at your income level pays for itself many times over.

For most high-earning professionals operating privately, a limited company structure offers significant tax advantages over working as a sole trader or through an umbrella company. It gives you greater flexibility in how you extract income, allows you to manage your personal tax position more effectively and can provide additional planning opportunities around pensions and investments. We will review your individual circumstances and advise on whether a limited company is the right structure for you and how to make it work as efficiently as possible.

We manage the entire handover process and it couldn’t be easier. All you need to do is let your current accountants know you’re moving to Aspreys, giving them permission to release information to us. And then leave it to our client onboarding team to manage.

Don’t worry we’re in a professional industry, your accountants won’t hate you & will still talk to you afterwards. We recommend just thanking them for their efforts to assist with a smooth handover.

The most tax-efficient approach for most directors of limited companies is a combination of a low salary and dividends. Taking a salary up to the National Insurance threshold reduces your NI exposure, while dividends are taxed at a lower rate than employment income. However, the optimal split depends on your individual circumstances, including your total income, pension contributions and personal allowances. We calculate the right balance for you specifically, ensuring you are extracting income in the most efficient way possible.

We regularly help professionals who have fallen behind with their personal tax returns get back on track. We will work through your outstanding returns, liaise with HMRC on your behalf and ensure everything is brought up to date as quickly and efficiently as possible. Going forward, we will take care of all your compliance so that deadlines are never missed and you always know exactly where you stand with HMRC.

As a high-earning professional, your income is your most valuable asset. Income protection structuring involves ensuring that the right arrangements are in place to protect your earnings in the event that you are unable to work due to illness or injury. This includes reviewing how income protection policies are held, whether personally or through your limited company, to ensure the most tax-efficient outcome. We work alongside your financial advisors to ensure your protection arrangements are structured correctly and complement your overall financial plan.

We understand that your time is extremely valuable and our goal is to make your financial life as straightforward as possible. We handle the complexity so you do not have to. Most of our established professional clients prefer a light-touch relationship, where we take care of everything in the background and keep you informed with clear, jargon-free updates. We typically recommend a review at least once or twice a year to ensure your tax planning remains up to date, with additional contact as and when needed.

Yes. As your practice grows, so does the financial complexity. Whether you are looking to take on associates, expand your clinic, bring in investors or simply plan for the next stage of your career, we provide the strategic financial support you need. From restructuring your limited company and managing the tax implications of growth through to cash flow planning and funding advice, we are here to support your ambitions at every stage.