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Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More

TAA CONSULTANTS LTD
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DOLAN ACCOUNTANCY LIMITED
If our name sounds familiar, don’t be surprised. Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. A...See More

John Lavender accounting ltd
John Lavender Accounting Firm is a beacon of precision and expertise in the financial landscape. With a legacy steeped in integrity and excellence, we...See More

SJD ACCOUNTANCY LIMITED
SJD Accountancy is the UK’s largest specialist provider of fixed fee, limited company accountancy services to contractors and freelancers; we’ve been ...See More

Accounting4Actors
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Ashden Accountants
Ashden Accountants are Accountants, Registered Statutory Auditors, Personal and Business Tax Specialists and Business Consultants. We provide accounti...See More

KUBED SOLUTIONS LIMITED
Gouri Kubair, the founding director of the business has over a decade of experience in the field of accountancy. Including 8 years in Deloitte, ...See More

Numerii Ltd
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The Bean Counters Accountants LLP
Established in 2011, The Bean Counters Accountants is a growing accounting firm in Maidenhead which specializes in cloud accounting and bookkeeping, p...See More

BLUEBIRD ACCOUNTANCY LIMITED
Bluebird Accountancy was created with the needs of modern day contractors and freelancers like you in mind. With modern day accountancy software makin...See More

MINT FORMATIONS LTD
We have over 100 years of combined industry experience, having worked with hundreds of startups and small businesses in every industry imaginable. We ...See More

MARK SASTA & ASSOCIATES
Mark Sasta & Associates Ltd is a member firm of the Institute of Chartered&nbs...

Yourtaxhelp
Our motto is “Accountants and Tax Advisers with simple technology”. We will not stop being innovative or using cutting edge technology to help you out...See More

BARNES MAYER LIMITED
Barnes Mayer Ltd is an independent, family run business providing accounting and taxation services throughout Maidenhead, Berkshire and Buckinghamshir...See More

MAKESWORTH LIMITED
Makesworth
Accountants is an award-winning accountancy practice of Chartered
Certified Accountants tax and business advisors. We a...
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DIrect Assist accountants Ltd
Direct Assist accountants Ltd is one of the fastest growing chartered accountants firm serving businesses and individuals from different industries fr...See More
Frequently asked questions
What specific tax issues do accountants for dentists handle?
Accountants for dentists typically manage Self Assessment tax returns, Corporation Tax for limited company practices, and VAT. They also advise on income splitting between associates and principals, capital allowances on dental equipment, and tax implications of practice goodwill. They help you plan for retirement, practice sale, or partnership changes, ensuring that all tax obligations are met efficiently and legally.
How do I choose a qualified accountant for my dental practice?
Look for accountants who are members of recognised bodies such as ACCA, ICAEW, or AAT. Check their experience with dental practices specifically, as this ensures they understand the unique financial structure of your profession. Review their client testimonials and ask about their approach to proactive tax planning. A good accountant will offer a free initial consultation to discuss your needs.
Why is it important to have an accountant who specialises in dentistry?
Dental practices have unique financial arrangements, including associate agreements, lab fees, and equipment leases. A specialist accountant understands these intricacies and can provide tailored advice on profit allocation, tax-efficient practice structures, and compliance with HMRC regulations. This specialised knowledge helps you maximise your income and avoid costly mistakes that a general accountant might overlook.
What should I expect from a dental accountant regarding VAT?
A dental accountant will advise on whether your practice should be VAT-registered, considering the threshold and the nature of your services. They will handle VAT returns, ensure accurate record-keeping, and help you claim input VAT on eligible purchases. They also guide you on the VAT treatment of private and NHS work, which can differ, ensuring full compliance with HMRC rules.
Can accountants for dentists help with practice valuations and sales?
Yes, specialist dental accountants often provide practice valuation services, which are crucial when buying, selling, or merging a practice. They analyse your financial records, patient base, and profitability to determine a fair market value. They also assist with due diligence, tax planning for the sale, and structuring the deal to minimise capital gains tax, ensuring a smooth transaction.
How often should I meet with my dental accountant?
It is recommended to have at least quarterly meetings with your dental accountant to review your financial performance, discuss tax planning opportunities, and address any changes in your practice. Regular contact ensures that you stay ahead of tax deadlines and can adapt to any regulatory changes. Many accountants also offer ongoing support via phone or email for urgent queries.
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