
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

LFR Accounting
Accountancy and taxation services

CloudBook Accountants Ltd
Since we were established in 2013, we have done everything online - from getting a quote to signing off your accounts. It's easier and quicker, so it ...See More

Tax Returns - London
At Cheap Tax Returns, we love to give a personalized touch to the service we provide. As an accountancy firm, we understand small business owners and ...See More

Sabre Accountants
Sabre Accountants have built up a fantastic reputation as a trustworthy, affordable & reliable accountancy service. We provide accountancy services a...See More

Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...See More

Holdsworth Accountancy
We are a team of experienced, qualified accountants and bookkeepers providing professional services to individuals and businesses within Bradford and ...See More

MGM & CO. Chartered Certified Accountants
If you are looking for professional accountants offering a full range of accountancy and tax services to clients from across the UK, you have come to ...See More

Accounting 4 Ltd
Registered practice offering accountancy services from Bookkeeping, Payroll, Vat, Self Assessment, Small Limited Company accounts etc Qualified to AAT...See More

TI Accountancy Limtied
TI Accountancy was established in 2002 by its owner Tracy Irwin, who grew the company organically through her hard work and determination to the Emplo...See More

LLOYDS ACCOUNTANTS LTD
We offer accounts, taxation and business advisory and support services to a wide range of businesses and individuals, nationwide. We continue to build...See More

Clarity Accountants
We work closely with our clients and act for a broad range of business and personal clients. Apart from the more general accountancy services we can a...See More

NIXON WILLIAMS LIMITED
Nixon Williams has been providing specialist accountancy services to contractors, freelancers, consultants and interim professionals throughout the UK...See More
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...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

Mind Your Assets Accounts
Mind Your Assets Accounts is based in Sheffield, South Yorkshire, with offices also in Manchester and London. We have over 20 years accountancy expe...See More

PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...See More
Frequently asked questions
What specific tax issues do accountants for dentists handle?
Accountants for dentists manage unique tax issues such as the treatment of associates' earnings, capital allowances on dental equipment, and the VAT status of mixed NHS and private income. They also handle Self Assessment tax returns for practice owners and associates, ensuring all allowable expenses are claimed correctly. Additionally, they advise on the tax implications of buying or selling a dental practice, including goodwill valuations and incorporation strategies.
How can an ACCA or ICAEW accountant help with HMRC compliance?
An ACCA or ICAEW qualified accountant ensures your practice meets all HMRC filing deadlines, including Corporation Tax, VAT returns, and payroll submissions. They maintain accurate records and provide expert guidance on tax planning, reducing the risk of penalties or investigations. Their professional standards mean they stay abreast of regulatory changes, offering proactive advice to keep your practice fully compliant.
Why is it important to choose a specialist accountant for a dental practice?
Dental practices have distinct financial structures, such as associate profit-sharing and complex equipment leasing. A specialist accountant understands these intricacies and can optimise your tax position accordingly. They are familiar with the specific expenses dentists can claim, from professional indemnity insurance to laboratory costs. This expertise ensures you do not overpay tax and that your practice remains financially efficient.
What should I look for when comparing accountants for dentists?
When comparing accountants, consider their experience with dental clients, their professional qualifications such as ACCA or ICAEW, and their familiarity with HMRC regulations. Check whether they offer proactive advice on tax planning and practice growth. Also, review their fee structure and communication style, ensuring they are responsive and can provide clear explanations of complex financial matters.
Can an accountant help with VAT for a dental practice?
Yes, an accountant can assist with VAT registration, returns, and planning for your dental practice. They will analyse the proportion of exempt and taxable supplies, such as private treatments versus NHS work, to determine the correct VAT treatment. They can also advise on partial exemption calculations and help you claim input tax on eligible purchases, ensuring full compliance with HMRC requirements.
How often should I meet with my accountant to review my practice finances?
It is advisable to meet with your accountant at least quarterly to review cash flow, tax liabilities, and any changes in legislation. More frequent meetings may be beneficial during periods of growth or when considering significant investments. Regular communication ensures that tax planning is proactive rather than reactive, allowing you to make informed decisions throughout the year.
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