
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

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

Financial Claims Consultants
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DEAD SIMPLE ACCOUNTING LTD
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QUENTELA ACCOUNTING LIMITED
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Turner Barratt
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OVAL ACCOUNTANTS LTD
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TITUS ACCOUNTS LTD
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BARNES MAYER LIMITED
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Purnells - Licensed Insolvency Practitioners
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DIrect Assist accountants Ltd
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Marden & Co Accountants Ltd
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The Bean Counters Accountants LLP
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Tax Cruncher
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Hayes Accountants
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EXPEDIENT ACCOUNTANCY
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City Tax London
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APRC Accountants
We are a forward thinking firm of Chartered, Certified Public Accountants & Tax Advisers and Chartered Payroll Professionals established in 2005 in th...See More

London Accountants
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Frequently asked questions
What specific tax issues do accountants for dentists handle?
Accountants for dentists specialise in tax issues unique to dental practices, such as the treatment of associates, NHS superannuation, and capital allowances for equipment. They also manage Self Assessment tax returns, Corporation Tax, and VAT. Their expertise ensures you claim all allowable expenses, such as lab fees and professional indemnity, whilst staying compliant with HMRC regulations.
How do I choose between an ACCA, ICAEW, or AAT qualified accountant?
ACCA and ICAEW accountants are chartered professionals with advanced qualifications, suitable for complex tax planning and audit needs. AAT accountants focus on practical bookkeeping and tax return preparation. Your choice depends on your practice's size and complexity. For most dental practices, an ACCA or ICAEW accountant offers comprehensive strategic advice, whilst AAT members provide cost-effective day-to-day financial management.
Can accountants for dentists help with VAT registration and returns?
Yes, accountants for dentists can assess whether your practice should be VAT-registered, considering your taxable turnover and the nature of your services. They prepare and submit VAT returns accurately, ensuring you reclaim input tax on eligible purchases. They also advise on schemes like the Flat Rate Scheme, which can simplify VAT accounting and potentially reduce your VAT liability.
What should I look for when comparing accountants for dentists?
When comparing accountants, look for experience with dental practices, relevant qualifications, and a proactive approach to tax planning. Check their fees and services, and read client reviews. Ensure they are registered with a recognised body like ACCA or ICAEW. A good accountant will offer a free initial consultation and provide clear communication throughout the year.
How often should I meet with my accountant for my dental practice?
It is advisable to meet with your accountant at least quarterly to review your practice's financial performance and plan for upcoming tax deadlines. More frequent meetings may be beneficial during periods of growth or when significant transactions occur. Regular contact ensures that you take advantage of tax-saving opportunities and avoid any surprises at the end of the tax year.
Are accountants for dentists able to assist with practice valuations and sales?
Yes, many accountants for dentists offer practice valuation services, helping you determine a fair market value for your surgery. They can also guide you through the sale process, structuring the deal tax-efficiently to minimise Capital Gains Tax. Their expertise is invaluable whether you are buying, selling, or merging a practice, ensuring you achieve the best possible outcome.
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