You can add details of your expenses directly to Xero to prepare for your Making Tax Digital for income tax quarterly update. Log into Xero and click on the “Reconcile xx items” button On the next screen, your bank transactions are shown on the left. On the right hand side, you can add details to…
⚠ Had a baby in the last 5–6 years? Or do you employ someone who has? Run through these quick checks — then download our free fact sheet. ⏰ Time limit — act now Employers can voluntarily correct underpayments at any time with no time limit. But if you need to make a formal legal…
Two recent announcements from the Chancellor may affect you — here’s what you need to know. 🚗 Mileage rates increase (from April 2026) Mileage rates have increased for the first time in 15 years: Applies to: 👉 What this means: ⚠️ Key points to watch 🍽️ Temporary VAT reduction (summer 2026) From 25 June to…
This one’s worth five minutes of your time if you’ve ever used a specialist dental accountant, whilst I don’t usually write warning‑style posts, but this one feels worth sharing. Back in 2025, a financial adviser contacted me about an enquiry he’d had from a dentist.The dentist was really stressed about a tax position they’d ended…
Quick Summary Most dentists reading this will be either a self-employed associate or operating through their own limited company — and the tax rules for jury service are quite different to those for an employed dentist on PAYE. This guide focuses on those two groups, with employed dentists covered briefly at the end. If you’ve…
What dentists need to know If you’re a dentist operating through a limited company, HMRC allows pension advice for dentists with a limited company to pay for up to £500 per tax year of qualifying pension advice for you as a director without any personal tax or National Insurance being charged. This is a legitimate…
Quick answer for busy dentists (the short version) If you run a limited company, an electric car is usually far more tax‑efficient than petrol or diesel because: For most dentist‑directors, switching to a company electric car can save thousands of pounds over the life of the car. The rest of this guide shows you exactly…
From 6 April 2026, Making Tax Digital for Income Tax (MTD ITSA) becomes mandatory for many self‑employed associate dentists and landlords. While most headlines focus on quarterly submissions, the bigger issue for dentists is often misunderstood: penalties. Many dentists have been told, or assume, that “there are no penalties under MTD for their first year”.…
Dentist‑focused guide to UK electric car and EV charging grants for 2026–27. Updated April 2026. Home and workplace charging grants now £500 per socket.
Selling a dental practice can feel like everything is agreed… until the buyer’s solicitor raises a last‑minute tax question. A common example is VAT on the property element of the sale, or uncertainty over whether an option to tax was ever made historically. When there isn’t enough time to prove the position with old paperwork,…