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Ashden Accountants
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Accounting4Actors
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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

John Lavender accounting ltd
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BLUEBIRD ACCOUNTANCY LIMITED
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Ahmed-Cliffords Ltd
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MQPLUS LTD
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AWS ACCOUNTANTS (LONDON) LLP

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TaxAssist Accountants
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Southall Accountants
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KHAWAR & CO LTD
Khawar & Co Ltd is an active company located in London, Greater London. We are specialist accountancy firm, ready to help you with different accountan...See More

MONEYTREE FINANCIAL LTD
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YBSM PARTNERS
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Frequently asked questions
What specific tax issues do dentists face that a general accountant might not understand?
Dentists often have a mix of NHS and private income, which can affect how expenses are apportioned and what allowances are available. There are also specific rules around the taxation of practice goodwill, equipment leasing, and the employment status of associates. A specialist accountant will be familiar with these nuances and can help you structure your affairs to minimise tax liabilities whilst remaining compliant with HMRC regulations.
How can an accountant help with my practice's VAT obligations?
Dental practices often provide a mix of VAT-exempt and VATable services, which can make VAT accounting complex. A specialist accountant can advise on the correct VAT treatment for different treatments, help you decide whether to register voluntarily, and ensure that your VAT returns are accurate and submitted on time. They can also assist with partial exemption calculations and help you claim all eligible input tax.
What is the difference between an ACCA, ICAEW, and AAT qualified accountant?
ACCA and ICAEW are chartered accountancy bodies, requiring rigorous exams and practical experience. They are recognised globally and often work with larger businesses. AAT is a vocational qualification focusing on practical accounting skills, often held by bookkeepers or accounting technicians. All are regulated, but chartered accountants typically have more in-depth knowledge of complex tax and corporate matters.
Why is it important to use a regulated accountant for my dental practice?
Using a regulated accountant, such as one who is a member of ACCA or ICAEW, ensures that they adhere to strict professional standards and ethical guidelines. They are required to maintain their knowledge through continuing professional development, and they have professional indemnity insurance. This provides you with protection and confidence that your financial affairs are being handled correctly and that you have recourse if something goes wrong.
Can you help with Self Assessment tax returns for dentists?
Yes, specialist dental accountants are experts in preparing Self Assessment tax returns for dentists. They will ensure that all your income from NHS and private work is declared correctly, and that you claim all allowable expenses, such as professional subscriptions, equipment, and travel. They can also help with tax planning to reduce your overall tax bill and ensure that you meet all HMRC deadlines.
How do I choose the right accountant for my dental practice in Newport?
Start by browsing the AccountingFirms directory and filtering for accountants who specialise in dental practices. Look for firms that are regulated by a professional body such as ACCA or ICAEW, and check their reviews and experience. It is also important to arrange an initial consultation to discuss your specific needs and ensure that you feel comfortable with the accountant and their approach to your practice.
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