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…
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.
HMRC App Self Assessment payment: The HMRC App is now our recommended way to check your tax balance, stay connected with HMRC, and make your Self Assessment payment quickly and securely. The HMRC App — Our Recommended Way to Pay The HMRC App is the easiest way to manage your tax. It gives you instant…
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). Relevant for the tax year ended 5th April 2025 *Whilst the expenses…
With the tax year ending on April 5th, now is the crucial time for dental professionals to take action to maximise their tax savings and plan effectively for the new tax year. Contribute to a pension Contributing to a pension is a tax-efficient strategy as you get immediate tax relief on the contributions, For Self…
Paying your taxes after the due date is possible by setting up an “Extra Time to Pay HMRC” arrangement for your next Self Assessment, Corporation Tax, VAT, or PAYE tax payment. HMRC supports individuals and businesses struggling to meet their tax obligations by encouraging the use of its online tool to set up an instalment…
Customers and new inquiries always ask me, ‘Should I have a Company or be a sole trader?’ I’m writing a guide to answer this question and will share some inside information about what I discovered. First, I have looked at small businesses with profits of up to £50k. Second, I have looked at small businesses…
After closing a dental practice or finishing as an associate, a dentist, as required by the GDC, must maintain Professional Indemnity Insurance (PII) coverage for a certain period to protect against potential claims arising from past treatments. The duration for which PII insurance is required can vary. If your policy was a claims-made policy, you…
This article is written as a guide for self-employed dentists to claim tax relief on their training costs. A self-employed dentist could be an associate or principal working as a sole trader, partnership, or limited liability partnership. Self-employed dentists do not include a dentist who is a director in their own company or a dentist…