
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

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

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

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

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

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

Numerii Ltd
Informed financial support for your business. We are a small, friendly and highly motivated team who offer a professional and efficient service to our...See More

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

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

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

MAKESWORTH LIMITED
Makesworth
Accountants is an award-winning accountancy practice of Chartered
Certified Accountants tax and business advisors. We a...
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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

Taxeasy Ltd
TaxEasy Ltd is an experienced and proactive firm of certified accountants and bookkeepers offering high quality accounting services to clients through...See More

EXPEDIENT ACCOUNTANCY
Expedient Accountancy Limited provides a wide range of expert accounting services. We are a partnership of 3 Chartered Certified Accountants with more...See More

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
Frequently asked questions
What specific services do accountants for dentists typically offer?
Accountants for dentists typically offer a range of services including preparation of annual accounts, Self Assessment tax returns, and Corporation Tax filings. They also provide VAT management, payroll for practice staff, and strategic financial planning. Many specialists offer advice on practice acquisitions, partnerships, and retirement planning, ensuring that your personal and business finances are aligned with your career goals.
How can an accountant help with my dental practice's VAT obligations?
An accountant can assist by registering your practice for VAT if your taxable turnover exceeds the threshold, or on a voluntary basis if beneficial. They will ensure that your records are accurate for VAT purposes, help you claim input tax on eligible purchases, and prepare your VAT returns for HMRC. They can also advise on the Flat Rate Scheme or Annual Accounting Scheme to simplify your compliance.
What qualifications should I look for in a dental accountant?
You should look for an accountant who is a member of a recognised professional body such as ACCA, ICAEW, or AAT. These qualifications ensure that the accountant has undergone rigorous training and adheres to strict ethical and professional standards. Additionally, experience with dental practices is crucial, as it demonstrates an understanding of the unique financial challenges and opportunities within the dental sector.
Why is it important to have an accountant who specialises in the dental sector?
Dental practices have specific financial structures, including mixed income from NHS and private work, and complex tax rules regarding associates and practice owners. A specialist accountant understands these nuances and can provide tailored advice on profit extraction, tax planning, and compliance with HMRC regulations. This specialisation ensures that you do not miss out on legitimate tax reliefs and that your practice remains financially healthy.
How often should I meet with my accountant to review my practice finances?
It is advisable to meet with your accountant at least twice a year, but many dental practices benefit from quarterly reviews. These meetings allow you to discuss cash flow, tax planning, and any changes in your practice structure. Regular communication ensures that your accountant can proactively identify issues and opportunities, rather than simply preparing annual accounts, which can lead to better financial outcomes.
Can an accountant assist with the purchase or sale of a dental practice?
Yes, an accountant with dental expertise can provide invaluable assistance during a practice purchase or sale. They can help with valuation, due diligence, and structuring the deal in a tax-efficient manner. They will also advise on the tax implications of the transaction, including capital gains tax and inheritance tax considerations, ensuring that you make informed decisions that align with your long-term financial objectives.
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