
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

Woody's Payroll & Bookkeeping Services
Here at Woody's we have years of experience in providing a dedicated, professional and highly personal service to our clients. We offer a wide range o...See More

Bell Stanley Accountants
Welcome to Bell Stanley Accountants page.
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MARLIS BOOKKEEPING & ACCOUNTANCY
The team comprises of Marion and Lisa, a mother and daughter combination, who offe...

Williamslester Brilliant Accounting Services
Our range of services are provided by fully qualified and experienced staff who always monitor, advise and review both new and existing clients. This ...See More
Purnells - Licensed Insolvency Practitioners
As insolvency practitioners we also specialise in interpreting the legislation set out in The Insolvency Act 1986, The Insolvency (England and Wale...
HUBBLE ACCOUNTANCY LTD
This listing was generated using publicly available data to enhance visibility for businesses. If this is your business, claim your profile to update details.

Kings Oak Accountancy
Accountants based in Bristol, Bath & Somerset providing accounting and tax services to small and medium size owner-managed businesses. Our services in...See More

KINGS OAK ACCOUNTANCY (SOMERSET) LTD
We are a small firm of Accountants based in Somerset. Michael is a fellow of the Chartered Institute of Management Accounting with over 30 years expe...See More

TKI Bookkeeping & Accounts
Hello and welcome to my site, I am qualified by the The Institute of Certified Bookkeepers and have attained highest level qualification, Level 4 Dipl...See More

Financial Claims Consultants
Financial Claims Consultants offer No Win No Fee Pension Claims – we help clients&...

SG CONTRACTOR ACCOUNTING LIMITED
SG Accounting was established in 1995 to service the accountancy and taxation needs of professional contractors and freelancers. We are based in Winc...See More
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R Albert Accountancy Ltd
We are an AAT Licensed accountancy practice providing a professional and friendly service. A new accountancy practice offering fantastic one to one s...See More
Modus Accountants Limited
Whether you are looking for advice, inspiration, accountancy services or all three, our integrated services will provide as much or as little su...See More

MRC Accounting Services
Providing accounting services and solutions

DEAD SIMPLE ACCOUNTING LTD
Dead Simple Accounting is an expert accounting firm based in Reading, Berkshire. We’ve been supporting the local business community in Reading with a ...See More

THE FINANCIAL MANAGEMENT CENTRE UK LTD
Online firm

J. Jervis Accounting Services LTD
Frequently asked questions
What specific tax issues do accountants for dentists handle?
Accountants for dentists handle several specific tax issues including the correct treatment of associate income, claiming capital allowances on dental chairs and x-ray equipment, and managing VAT on private treatments. They also advise on the tax implications of practice goodwill when buying or selling a dental practice, ensuring you claim all allowable expenses and meet HMRC deadlines for your Self Assessment tax return.
How can an ACCA or ICAEW accountant help my dental practice?
An ACCA or ICAEW qualified accountant brings rigorous professional standards and deep technical knowledge to your dental practice. They can provide strategic tax planning, ensure accurate Corporation Tax filings for limited companies, and manage payroll for your dental team. Their expertise helps you minimise tax liabilities legally, stay compliant with HMRC regulations, and make informed financial decisions for practice growth and profitability.
Do I need a specialist accountant if I am a newly qualified dentist?
Yes, a specialist accountant is beneficial even for newly qualified dentists. They can help you understand your tax obligations from your first year of practice, including how to handle income from multiple sources such as locum work or private practice. They will ensure you register for Self Assessment correctly, set aside funds for your tax bill, and claim all relevant professional expenses, such as indemnity insurance and course fees.
What is the role of an AAT qualified bookkeeper in a dental practice?
An AAT qualified bookkeeper plays a crucial role in maintaining accurate and up-to-date financial records for your dental practice. They manage daily transactions, reconcile bank statements, and prepare management accounts. This foundational work ensures that your accountant can easily prepare your annual accounts and tax returns. It also provides you with a clear picture of your practice's cash flow and profitability throughout the year.
How does a dental accountant help with VAT on dental treatments?
A dental accountant will assess whether your treatments are exempt from VAT or subject to the standard rate. Most dental services are VAT-exempt, but certain items like teeth whitening or cosmetic procedures may be taxable. They will guide you on correct invoicing, help you complete your VAT returns, and advise on whether you should be VAT-registered based on your taxable turnover, ensuring full compliance with HMRC.
What should I look for when comparing accountants for my dental practice?
When comparing accountants, look for a proven track record with dental clients and relevant qualifications from bodies like ACCA or ICAEW. Check their experience with HMRC inquiries and their familiarity with dental practice software. Consider their fee structure and whether they offer proactive advice on tax planning and practice growth. Also, assess their communication style and availability to ensure they are a good fit for your practice.
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