Business handshake representing a tax liability insurance dental practice sale

Tax liability insurance dental practice sale issues are increasingly common when dentists are selling a dental practice and buyers raise last‑minute VAT or option‑to‑tax concerns

Practice, Taxes Management, VAT

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,…

Dental partnership accounting and pension tax planning using the cash basis

How Dentists Can Avoid Pension Tapering by Using the Cash Basis

Associate, Pensions, Practice, Taxes Management

Dental partnership accounting and pension tax planning using the cash basis A real‑world example of how accounting method choice can prevent unnecessary pension tax charges Introduction We were recently introduced to a dental partnership by a financial adviser after the dentists became concerned that they had been hit with an unexpected tax charge on their…

Iconic Big Ben and Parliament buildings

Budget 2025: Key Changes Dentists Need to Know

articles, Associate, Employed Dentists, Practice, Property Income, Taxes Management, VAT

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…

tAXATION ON DENTISTS

Pre Budget 2025: What Dentists Need to Know

articles, Associate, Employed Dentists, Non UK Dentists, Pensions, Practice, Property Income, Taxes Management, VAT

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…

Dentists start making tax digital

Important Reading Information for Self Employed Dentists: Making Tax Digital is Coming in 2026 – How We’re Here to Help

Associate, Practice, Taxes Management

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…