The Autumn Budget 2025 introduced a range of tax and financial changes that will impact dental practices and professionals. Here are the 8 key points you need to know – plus practical action tips to help you stay ahead. 1. Electric Car Allowance Extended The 100% First Year Allowance for new zero-emission cars has been…
The Chancellor’s Budget this year may not have headline tax hikes, but the details matter especially for dental professionals. From frozen allowances to changes in dividends, pensions, property taxes, and business rates, here’s what you need to know. 1. Personal Allowances Frozen Until 2031 Originally due to unfreeze in 2028, personal allowances will now remain…
Today’s Budget is one of the most anticipated in recent years. While the headlines promise “no major tax rises”, the reality is more nuanced. The government faces a £30 billion fiscal gap, and with income tax, VAT, and National Insurance rates politically off-limits, expect a raft of smaller, targeted changes that could significantly affect dental…
Lately, I’ve noticed a clear trend: more dentists are switching to Capital on Tap for their business credit card. And honestly? I can see exactly why. I helped one of our dentists switch over this month, and it reminded me just how simple and beneficial it can be when you know what to expect. So…
Tax-free relocation allowance for Associate Dentists Suppose you’re moving house to take up a new associate position or to start your squat dental practice. In that case, you may be able to claim up to £8,000 of tax-free relocation expenses — but only if you’re working through your own limited company. This guide explains who…
Just gearing up for the most significant change to the personal tax since the self-assessment tax return started in 1997. This is our first email to our existing associate dentist customers outlining how Making Tax Digital will affect them, and how we at SmallBiz Accounts will support them to get ready for digitalising their accounting…
The Spring Statement, delivered by Chancellor Rachel Reeves, didn’t introduce new tax increases but focused on tighter HMRC enforcement, aiming to raise £2.2bn. Here’s what dentists need to know: 1. HMRC is Cracking Down on Tax Compliance Whilst we haven’t seen a massive number of HMRC enquiries into our dentist’s taxes in recent years, we…
National Insurance Contributions (NICs) Changes From 6 April 2025, the following changes to employer NICs will take effect: Due to the increase in the Employment Allowance, some smaller businesses will pay less Employers National Insurance next year For example, if you you will have no Employer’s NICs to pay. Example: Employee Annual Salary: £24,000 NICs…
Understanding whether Company Pension Contributions are Tax Deductible for Family Members can be an excellent way for company owners to save for retirement while reducing corporation tax—but only if done correctly. A customer recently asked us whether a £60,000 and £40,000 pension contribution for himself and his wife, the directors, would be fully deductible. The…
Understanding VAT Facial Aesthetics Has your facial aesthetics business temporarily exceeded the £90,000 VAT threshold? Perhaps due to a successful promotion or temporarily taking on another practitioner’s clients? If so, you may not need to register for VAT facial aesthetics. The “Exception to Registration” Option HMRC allows businesses that temporarily exceed the threshold to apply…