
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

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
Frequently asked questions
What specific services do accountants for dentists provide?
Accountants for dentists provide a range of services including preparation of annual accounts, tax returns, VAT returns, and payroll. They also offer practice valuation, tax planning, and advice on buying or selling a dental practice. Many specialise in helping associates with Self Assessment and limited company tax compliance, ensuring all HMRC deadlines are met.
How can an ACCA or ICAEW accountant help my dental practice?
An ACCA or ICAEW accountant brings recognised professional qualifications and a commitment to high standards. They can offer strategic financial planning, help you structure your practice efficiently, and ensure compliance with current tax laws. Their expertise allows them to identify potential savings and provide advice on areas such as capital allowances and pension contributions.
Why is it important to choose an accountant with dental industry experience?
Dental practices have unique financial structures, including mixed NHS and private income, associate agreements, and equipment leasing. An accountant with dental industry experience understands these complexities and can offer tailored advice. They are familiar with common tax issues and can help you maximise deductions while staying compliant with HMRC requirements.
What should I look for when comparing accountants on AccountingFirms?
When comparing accountants, consider their qualifications, such as ACCA, ICAEW, or AAT membership, and their experience with dental clients. Look for firms that offer services relevant to your needs, such as Self Assessment or Corporation Tax. Also check client reviews and whether they provide proactive advice beyond basic compliance.
How does an accountant assist with HMRC tax investigations?
If HMRC opens a tax investigation, an accountant can represent you and manage all communication with the tax authority. They will help gather necessary records, prepare responses, and ensure your rights are protected. Their knowledge of tax law and investigation procedures can reduce stress and help achieve a favourable outcome.
Can an accountant help me save money on my tax return?
Yes, an experienced accountant can identify legitimate deductions and reliefs that you may have missed. They can advise on allowable expenses, such as professional indemnity insurance, equipment, and travel costs. By planning ahead, they can also suggest strategies to reduce your overall tax liability, ensuring you only pay what is required.
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