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Category Archives: Associate

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Expenses claim

Tax deductible expenses self-employed associate dentists can claim on their tax returns

Associate, Self-employmentBy Nathan Holmes2 October 2023

Headings match the order of Full Self Employment Tax Return pages (SA103F). If you have an income of under £85k, you can claim the total of your expenses with no analysis in box 20 on the Short Self Employment Tax Return pages (SA103S). *Whilst the expenses are similar for associate dentists trading with a limited…

NHS superannuation pension tax guide for associate dentists

Associate, Employed Dentists, NHS, Pensions, Self-employmentBy Nathan Holmes21 September 2023

This short guide will help you obtain your tax year-end superannuation certificate, claim the income tax relief on your tax return and help avoid common mistakes. How do I claim tax relief on my self-employed NHS superannuation pension payments? You need to get a copy of your SD86C to share with your accountant or to…

UNIVERSITY TAX PLANNING

Funding your children’s university from your dental company

articles, Associate, Limited Company, PracticeBy Nathan Holmes7 September 2023

Further reading – article links to government guidance and HMRC internal manuals The Rent-a-Room Scheme

tax free health benefit

7 associate dentist tax deductions for health expenses to claim tax free

Associate, Limited CompanyBy Nathan Holmes15 February 2023

Your company can provide its directors, secretaries, and employees with tax free health benefits. It’s important to know what ones are taxable and which ones are tax free. The taxable benefits come with an income tax charge for the receiver and a national insurance charge for the employer.  There may also be a restriction on…

Save tax

How much tax could I save if I use a limited company?

Self-employment, Limited CompanyBy Katherine Flood25 January 2023

If you’re working as a self employed dentist, you may be aware that you can set up your own limited company – but why would you want to, and how could it help save you money? You can read our article here which compares self-employment to having a limited company. Here, we show 2 examples…

electric cars for dentists

Electric cars for dentists save tax

Limited Company, Associate, Employed Dentists, PracticeBy Katherine Flood24 November 2022

Updated: 24-11-2022 for Autumn Statement Encouraging electric car take-up The last few years have seen dramatic changes in car development. Diesel cars are now known to be bad for air quality. There’s been a lot of negative press coverage, and the tax rates are set to rise for fossil fuel company cars. Sales of new…

dentists tax cuts cancelled

2022 Mini-Budget tax cuts for dentists reversed

Associate, Limited Company, Practice, Self-employmentBy Nathan Holmes19 October 2022

On 17 October 2022, the Chancellor, Jeremy Hunt, known to many dentists as his time as the health secretary, made a fiscal statement reversing almost all tax measures announced at the Mini-budget on 23 September 2022, other than those that have already been legislated. National insurance and stamp duty cuts will remain, as does the…

save tax party

Tax deductible parties for associate dentists

Limited Company, Associate, PracticeBy Katherine Flood5 October 2022

Criteria for dentists to claim for a tax-deductible party? With some simple tax planning, it’s easy to incorporate an annual staff event into tax-deductible spending to benefit yourself. You can invite other guests too, including your family, but it must be for the benefit of the staff/employees, not a personal event, e.g. your birthday. The…

dentists tax glasses

When dentists can claim tax relief on glasses (including contact lenses)

Limited Company, AssociateBy Nathan Holmes20 April 2022

There are important differences between associate dentists who are self-employed or company directors. Company directors have to comply with health and safety at work regulations. Self-employed workers do not. Self-employed dentists do not get tax relief on their glasses or eye tests To qualify for a tax deduction expenditure must be WHOLLY and EXCLUSIVELY for…

How to get free National Insurance Benefits

Limited Company, PensionsBy Nathan Holmes23 September 2021

This legislation was designed to help the lowest-paid employees in the economy build a free state pension and have access to state benefits.  By a quirk of the system, it benefits company directors and sectaries who pay themselves a low salary. If you earn an average of more than £520 per month or £6,240 per…

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