
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. Jervis Accounting Services LTD

THE FINANCIAL MANAGEMENT CENTRE UK LTD
Online firm

Oakes Accounting
Oakes Accounting specializes in providing tailor made accounting services, including bookkeeping, VAT and self assessment to small businesses.

MJF ACCOUNTANCY LIMITED
ACCOUNTS 2U LIMITED
Our director, Howard Turner MAAT ATT, qualified as an accounting and taxation technician in 1995 after training with chartered accountants in Cheshire...See More

BROOKSON LIMITED
Why Brookson? There are plenty of reasons. We’re specialists at dealing with self-employed finances, and have been doing this for over 20 years, so we...See More

C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken

Holden Associates
Holden Associates are a family run business founded in 2002, we are located at V12, Merlin Park, a modern purpose-built office in Burscough, Lancashir...See More

GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More
Sambhav Management Limited
Since 2012, we’ve offered clients the tools, resources and guidance necessary for all their accounting needs. Clients receive the personalized attenti...See More

Athena Bookkeeping Services
Athena Accounting and Bookkeeping Services. ?Let us take good care of your finances giving you more time to focus on the day to day running of your bu...See More

PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...See More
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Norbury Bookkeeping Services
We offer a complete bookkeeping and computerized payroll service throughout Cheshire and South Manchester and are able to offer support for all financ...See More

GORILLA ACCOUNTING LIMITED
orilla Accounting was born after a group of specialist accountants with decades of experience amongst them, decided that accounting shouldn’t be a lab...See More

MRC Accounting Services
Providing accounting services and solutions

Business Partners Accountants & Bookkeepers
An accounting firm for all your accounting and bookkeeping needs Business Partners Accountants & Bookkeepers is a reputable accounting firm serving so...See More
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...See More
Frequently asked questions
What specific tax issues do accountants for dentists typically handle?
Accountants for dentists typically handle a range of tax issues including Self Assessment tax returns for associates and practice owners, Corporation Tax for limited company practices, and VAT planning. They also advise on capital allowances for dental equipment, the tax treatment of goodwill, and the most tax-efficient profit extraction strategies, ensuring full compliance with HMRC requirements.
How can an ACCA or ICAEW accountant benefit my dental practice?
An ACCA or ICAEW accountant brings a high level of professional expertise and ethical standards to your practice. They are regulated and must adhere to strict continuing professional development requirements, ensuring they stay up-to-date with the latest tax legislation. This expertise is invaluable for complex areas such as practice valuation, partnership taxation, and dealing with HMRC enquiries, providing you with confidence and strategic advice.
What should I look for when choosing an accountant for my dental practice?
When choosing an accountant, look for someone with specific experience in the dental sector, as they will understand the unique financial structure of practices. Check their qualifications, such as ACCA, ICAEW, or AAT, and ask about their experience with HMRC on behalf of dental clients. It is also wise to consider their communication style and whether they offer proactive advice beyond just preparing annual accounts.
Why is it important to have an accountant who understands the dental sector?
The dental sector has unique financial characteristics, including the distinction between associate and owner income, the treatment of practice goodwill, and specific allowable expenses. An accountant who understands these nuances can ensure you are not overpaying tax and are claiming all legitimate deductions. They can also provide strategic advice on practice acquisitions, partnerships, and succession planning, which are critical for long-term success.
Can an accountant help me with my practice's VAT registration and returns?
Yes, an accountant can provide invaluable assistance with VAT. They can advise on whether you are required to register for VAT based on your taxable turnover, or whether voluntary registration would be beneficial. They will also prepare and submit your VAT returns, ensure you are reclaiming input tax correctly, and help you navigate the complexities of flat rate schemes if applicable to your practice.
How often should I meet with my accountant to review my practice finances?
It is advisable to meet with your accountant at least quarterly, but many dental practices benefit from more frequent contact, especially during periods of change or growth. Regular meetings allow for proactive tax planning, cash flow forecasting, and reviewing the financial performance of the practice. This ongoing relationship ensures that any potential issues are identified early and that you are always making informed decisions.
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