
ACCOTAX - Accountants & Tax Consultants
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

J C Accounting Ltd
J C Accounting Ltd offer the type of bespoke service that larger Accountants can’t. We specialise in Sole Traders, Partnerships and Small Limited Com...See More

Virtue Accountants Ltd

LeeP Accountants Registered in England & Wales
Welcome to LeeP Accountants! We are a team of friendly and professional accountants based in Peterborough, Cambridgeshire. We have one key goal ...

Bird & Co
Bird & Co was formed by local Yaxley accountant Pete Bird and we now serve not only clients in the Yaxley and Peterborough area, but more widespread a...See More

Figures (UK) Accountancy Services
Figures UK takes a different approach to company book keeping and accountancy work – you won’t find us hunched in grey suits between stacks of files. ...See More

Argents Chartered Accountants
An established firm of chartered accountants based in Norwich, we provide a range of accountancy and business support services to clients throughout t...See More
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Additions Accountancy
Welcome to Additions Accountancy Looking for Grantham Accountants? We are a firm of accountants in Grantham with a strong customer service ethos and ...See More

Accounting4Actors
Accounting4actors is not only for actors! We also represent dancers, musicians, sports professionals, models, writers, artists, directors, camerapeopl...See More

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

GO 2 Girl Limited
I offer a fully flexible remote work or local on site and assist you with anything relating to finance within the business and any necessary admin tas...See More

TAA CONSULTANTS LTD
TAA Consultants- Super Accountants 69201 - Accounting and auditing activities 69202 - Bookkeeping activities

Msi Accountancy Services
At MSI - Accountants & Bookkeepers - We have a strong network of Accountants, Bookkeepers & Tax Advisors who are very friendly and down to earth and a...See More

Zak Partnership
The Zak Partnership have long recognized the importance of working closely with both our clients and our broader partner supplier community as a whole...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
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FLEXIE ACCOUNTANTS LTD
Flexie Accountants is a reputable accounting firm, providing accounting, finance and tax services to sole traders, partnership and Limited companies. ...See More
Frequently asked questions
What specific tax issues do accountants for dentists typically handle?
Accountants for dentists typically handle Self Assessment tax returns, VAT on private dental services, and Corporation Tax for practice companies. They also manage payroll for associates and staff, ensuring compliance with HMRC regulations. Additionally, they advise on tax-efficient profit extraction, such as dividends versus salary, and help with capital allowances on dental equipment. Their expertise ensures that you meet all deadlines and minimise your tax liability legally.
How can an ACCA or ICAEW accountant benefit my dental practice?
An ACCA or ICAEW accountant brings a high level of professional qualification and ethical standards to your practice. They are trained to handle complex financial matters, including tax planning, audit, and business strategy. Their ongoing professional development ensures they stay up-to-date with changes in tax law and HMRC requirements. This expertise helps you make informed decisions, reduce tax burdens, and improve the financial health of your practice.
What should I look for when choosing an accountant for my dental practice?
When choosing an accountant, look for someone who has experience working with dental practices and understands the specific financial challenges you face. Check their qualifications, such as ACCA, ICAEW, or AAT membership, and verify that they are registered with a recognised professional body. It is also important to consider their communication style and whether they offer proactive advice. Reading client reviews and asking for references can help you make a confident choice.
Are accountants for dentists familiar with HMRC's rules on dental associate income?
Yes, specialist accountants for dentists are well-versed in HMRC's rules regarding dental associate income, including the distinction between employed and self-employed status. They understand how to handle income from NHS and private sources, and they can advise on allowable expenses such as lab fees, professional indemnity, and continuing education. Their knowledge helps you stay compliant and avoid penalties from HMRC.
How often should I meet with my accountant to review my practice finances?
It is advisable to meet with your accountant at least quarterly to review your practice finances, but more frequent meetings may be beneficial during periods of change, such as buying equipment or expanding your team. Regular meetings allow you to monitor cash flow, plan for tax payments, and adjust your financial strategy. Your accountant can also help you prepare for year-end and ensure that all records are accurate.
Can an accountant help me with VAT on my dental services?
Yes, an accountant can help you determine whether your dental services are VAT-exempt or subject to VAT. Most dental treatments are exempt, but some private services may be taxable. Your accountant will review your income streams and advise on VAT registration thresholds and how to handle input tax. They can also manage your VAT returns and ensure that you claim all eligible credits, keeping you compliant with HMRC.
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