As an associate dentist, you will need to choose between being self-employed and forming a limited company. No tax or national insurance is deducted from your payments, so you have to arrange all of your own finances to pay the right amount of right tax. There are a number of ways you can do this,…
Your tax-free personal allowance starts to be withdrawn when your income exceeds £100,000 When your income tops £100,000 you might want to celebrate. But as soon as it does, you will be entering the 60% tax rate club. One of the highest income tax rate clubs in Europe that no dentist wants to be in.…
If you trade as a self-employed dentist you will want to know how much to save for your taxes. These two simple profit matrices show you how much to save for your tax payments if you:- Contribute to the NHS pension scheme Do not contribute to the NHS pension scheme
You may be an associate dentist looking for the best accountant to take forward your business. We know how much added value we offer our customers, but to show much we are appreciated by them we will be posting some case studies over the coming months so you can hear directly from dental professionals about…
Have you ever wondered what happens if you die before you claim your pension? We all hope we’ll live to benefit from all those years paying into a pension scheme. However, it’s worth knowing what would happen if you died before you started to claim any of your pension. This can help you, as a…