Whether you're a dentist, doctor, pharmacist, locum, landlord or business owner, My Panam provides straightforward, personal accountancy built around you, your income and your goals.
Fixed fees • Personal service • UK-wide • Same-day response
No two clients are the same. That's why we don't believe in one-size-fits-all accountancy. Whether you're building your career, growing a business, investing in property or simply want to stop worrying about your tax return, we're here to make the numbers easier.
Specialist support for professionals with complex income, expenses, pensions and tax obligations.
Explore Healthcare Accountancy →From bookkeeping and VAT to accounts, payroll, tax planning and business growth.
Explore Business Accountancy →Keep your property finances organised and make informed decisions about your portfolio.
Explore Property Accountancy →Not sure which category you fit into? That's okay. Tell us about your situation and we'll point you in the right direction.
Get Free Guidance →When you choose My Panam, you're not passed from department to department. You get a personal service from people who take the time to understand what you do, how you earn your money and where you want to go.
Real circumstances, not just an account number. We take the time to understand your situation.
No complicated explanations. Just clear advice you can actually understand.
We don't just tell you what happened last year. We help you think about what comes next.
Clear, fixed fees wherever possible, so you know what you're paying before we get started.
Your finances aren't necessarily straightforward. You might have NHS and private income, multiple sources of earnings, professional expenses, pension considerations or plans to incorporate or start your own practice. We understand the difference.
Practical tax and accountancy for professionals working across multiple locations or organisations.
Locum Accountancy →Whether you need help once a year or ongoing support throughout the year, we can help.
Accurate, timely filing for sole traders, freelancers, landlords and anyone with income to declare. We handle the complexity so you don't have to.
Full statutory accounts, Corporation Tax returns, and Companies House filings. Director salary and dividend planning to keep your tax bill low.
Making Tax Digital compliant bookkeeping, quarterly VAT returns, and reconciliation. Clean records mean clean accounts.
Rental income declarations, correct treatment of repairs vs improvements, mortgage interest relief, and advice on property portfolio structuring.
Specialists in NHS associate income, locum pay, private practice, and the complex tax rules that apply to doctors, dentists and pharmacists.
From sole trader cafés to limited company restaurant groups, we handle bookkeeping, VAT, payroll, and year-end accounts.
Specialist accountancy for corner shops, newsagents, off-licences, petrol station forecourts and independent retailers.
Comprehensive plans including P&L forecasts, cash flow projections, sensitivity analysis and balance sheets. Over 250 business plans produced, with clients successfully securing funding and premises.
Monthly payroll runs, P60s, P11Ds, auto-enrolment, and Construction Industry Scheme returns for contractors and subcontractors.
We've produced 250+ business plans for businesses looking to secure funding, premises, investment or simply understand whether an idea makes financial sense.
From a new business idea to an established company looking to grow, we'll turn your plans into numbers that make sense.
Business Plan Enquiry →As a self-employed dentist, doctor, pharmacist or locum, your tax position is more complex than most. Here's what you need to know.
If you work across both NHS and private practice, your income needs to be carefully split for tax purposes. You can claim equipment, lab fees, and materials against each income stream.
Planning to go self-employed as an associate from September 2026? You'll need to register for Self Assessment by 5 October 2027.
Your first tax return, balancing payment and first payment on account are then due 31 January 2028.
Your first bill isn't just what you owe for the year. HMRC also adds an advance "payment on account" toward next year's tax. A £1,800 tax bill can mean paying £3,600 in January, with a further £1,800 due the following July.
Putting aside 25–30% of your income into a dedicated savings account from your very first pay cheque means the funds are there when that bigger bill arrives.
Claim GDC fees, indemnity insurance, BDA/DPA membership, lab fees you personally cover, equipment like loupes, CPD courses, mileage between practices, and accountancy fees.
NHS pension contributions are one of the most valuable tax reliefs available. Higher-rate taxpayers receive 40% relief on contributions. It's important to declare these correctly on your Self Assessment.
Once your profits exceed a certain threshold, operating through a limited company can be more tax-efficient. We'll model both scenarios so you can make an informed decision.
From April 2026, self-employed dentists and associates earning over £50,000 must keep digital records and file quarterly updates through MTD-compatible software, with the threshold dropping to £30,000 from April 2027. We'll get your records MTD-ready well ahead of your mandation date.
Start partway through the tax year, say in August, and your pro-rated income could fall under the MTD threshold even if your full-year equivalent wouldn't. From April 2028 though, the threshold drops to £20,000, bringing most associates into scope.
Whether you're a locum pharmacist or employed, your tax obligations differ significantly. Locums must register for Self Assessment and manage their own National Insurance.
Pharmacists can claim: GPhC registration, CPD, professional indemnity, uniform costs, travel between pharmacies, and equipment or reference materials.
Many pharmacists have income from multiple locum agencies or employers. We ensure all sources are declared correctly and that you're not paying more tax than you owe.
Self-employed pharmacists miss out on employer pension contributions. We help structure personal pension payments to maximise tax relief and plan for retirement efficiently.
If your self-employed or locum pharmacy income is above £50,000, MTD for Income Tax now requires digital record-keeping and quarterly submissions rather than one annual return, falling to £30,000 from April 2027. We'll set you up on compliant software before it becomes mandatory.
GP partners have partnership income with specific allowable expenses. Salaried GPs may also have private income to declare. Both require specialist handling to ensure accurate returns.
Doctors with both NHS and private income sometimes don't split it correctly, meaning private earnings end up under-declared or over-taxed. Each income stream needs to be tracked and reported separately, with its own allowable expenses.
The NHS pension scheme is generous but complex. Doctors approaching the annual allowance limit face significant charges. We help you understand your position before it becomes a problem.
Many doctors use limited companies for private or locum work. We advise on IR35 status, director salary and dividend structure, and ensure HMRC compliance.
GP partners and doctors with private or locum income over £50,000 now fall under MTD for Income Tax, meaning digital records and quarterly updates instead of a single annual return, with the threshold falling to £30,000 from April 2027. We handle the transition so nothing slips through the cracks.
All locums must register with HMRC for Self Assessment. Failing to register or filing late results in penalties. We handle your registration and ensure deadlines are never missed.
Locums travel extensively between sites. HMRC allows 55p per mile for the first 10,000 miles (increased from 45p in April 2026). Keeping accurate mileage logs can add up to a significant tax saving.
Locums can claim: professional registration, indemnity insurance, CPD, medical equipment, stationery, and a proportion of phone and home office costs.
HMRC requires locums to make advance tax payments (Payments on Account) twice a year. Many are caught off-guard by these. We forecast your liability so you're always prepared.
Locums earning over £50,000 across their assignments must now keep digital records and submit quarterly updates under MTD for Income Tax, with the threshold dropping to £30,000 from April 2027. We'll make sure your record-keeping is compliant well before your mandation date.
Not sure where you stand? Get in touch and we'll help →
Property tax rules change often, and it's easy for something to slip through. Here's what every landlord should know.
Letting a furnished room in your own home comes with a separate tax-free threshold under the Rent a Room scheme. Many landlords don't realise it applies, or declare the income incorrectly against their main rental property instead.
Mortgage interest can no longer be deducted in full from rental income. It's given as a 20% tax credit instead, and landlords who still calculate it the old way often end up with the wrong tax bill.
If your rental income is modest, you may be better off claiming the £1,000 property income allowance instead of itemising expenses. Many landlords aren't aware this option exists.
You can claim the cost of replacing furniture, appliances and furnishings in a let property, but not the cost of furnishing it for the first time. The distinction catches a lot of landlords out.
Complete our short enquiry form or book a consultation.
We'll discuss your circumstances, what you're trying to achieve and where you need help.
We'll explain what we recommend, what you'll pay and what happens next.
We'll take care of the accounting while you focus on your work, business and life.
Ready to make your accounting easier?
Book Your Free Consultation →"My Panam made the whole process so straightforward from the very first call."
"I've finally got an accountant who actually explains things to me clearly."
"Professional, responsive and always available when I need advice."
Sofia ran a thriving market stall food business in Portsmouth, but as trade grew, her finances weren't keeping pace. She came to us behind on her accounts, unsure of her tax position and overwhelmed by HMRC correspondence she couldn't make sense of.
We stepped in, reconstructed her records from scratch, resolved her HMRC backlog and put a straightforward bookkeeping system in place that she could manage herself alongside running the stall.
We restructured her business set-up, identified expenses she hadn't been claiming, and reduced her tax bill significantly, freeing up cash to expand her offering and take on a second pitch.
SOFIA, FOOD TRADER
Our fees depend on your circumstances and the level of support you need. We aim to provide clear, transparent pricing before you become a client.
Yes. My Panam works with clients across the UK using secure cloud accounting technology and remote consultations.
Yes. We work with dentists, doctors, pharmacists and locums and understand many of the tax and accounting issues specific to healthcare professionals.
Absolutely. We can discuss the potential benefits, costs and practical considerations based on your circumstances.
Yes. We offer bookkeeping, VAT, payroll and year-end accounting services.
Yes. We have produced 250+ business plans covering financial forecasts, cash flow, profitability, funding requirements and more.
Whether you need help with your tax return, want to grow your business, are buying your first property or simply want an accountant you can actually speak to, we're here to help.
No obligation. No complicated sales pitch. Just a conversation about your situation.
We'd love to hear from you. Tell us a little about your situation, there's no obligation, just a straightforward conversation about how we can help.