Updated 26 Aug 2021 In this guide to Associate Dentist Expenses, I will detail the costs that can be claimed as an associate dentist and some of the intricacies of the tax system. I’ll cover the differences between the expenses a limited company and self-employed associate dentists can claim. The expenses you can claim get…
If you file your Tax Return on-line on or before the 30 December (note it is the 30 not the 31 December) and the amount of tax you owe is less than £3,000 you can have your tax collected through your PAYE code, rather than paying it all in one lump sum payment on 31 January.…
There are details of over 4 million companies held on the company register, all available to you for free. All you need is a smartphone, tablet or laptop. You’ll need to get registered with Companies House and begin following companies you have an interest in. When a company updates their details you’ll receive an email…
Following on from the government’s announcement last week that the sale of new diesel and petrol cars will be banned from 2040, we take a look at the rules for company cars and how they are changing. When a company provides a car for use by an employee, the employee pays tax and the employer…
Once you’ve decided on your new accountant, they will take care of the process of switching. They’ll ask you for information about yourself and contact your old accountant to provide copies of documents. You may choose to contact your current accountant by phone or an email to let them know you’ve appointed a new accountant…
If you started a company in 2017-2018 and want to find out how much to set aside for your taxes, this simple profits matrix should allow you to budget for your upcoming tax payments. Watch out for the first personal tax payments due in January 2019. The first payment of income tax is…
If you’re a director of a limited company and you do some work at home, the company can pay you rent for your home office. Work can include time spent doing CPD. The benefit of doing this is you can take money from the company with little or no tax charge: The company will get…
The online service can be used to appeal a £100 late filing penalty, or form SA370 to appeal any late filing or late payment penalty. View the forms and guidance at www.gov.uk/government/publications/self-assessment-appeal-against-penalties-for-late-filing-and-late-payment-sa370 You must have a reasonable excuse and that excuse must remain in place throughout the period from the late filing to the filing of…
As a dentist with an NHS pension, you’ll receive a detailed letter about your pension Annual Allowance. It can be difficult to understand, but essentially, there may be an additional tax charge to pay if the value of your pension has increased over a certain amount. Most dentist won’t need to pay this, but you…