Dental profession
From a financial point of view, the dental profession is one of the most complex of all the professions. The number of trading styles, which now includes the ability to trade as a corporate, the growth of private dental plans, the constant changes to the NHS structure and the changes to pension legislation mean dentists need expert and timely advice in financial matters.
Through years of service to the dental profession we have accumulated a wealth of experience in dealing with issues such as:
- How to set up your business, whether that be as an associate, sole-trader, expense-sharing arrangement, partnership or corporate
- How to incorporate your existing business
- Accounting for income from different sources such as hospital PAYE work, private patients, and NHS income
- Partnership arrangements such as income sharing or joint ownership of premises
- Corporate structure and issues such as Directors, Shareholders and remuneration planning
- Advising dentists who may be looking to sell or retire, and how to minimise the potential tax burden
Whatever your business structure, we can help you manage your profitability through our specialised services. We guide you through the maze of regulations imposed on the industry, help you to minimise your compliance costs, and help you to build a successful future.
