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…
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”.…
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,…
Incorporating a Dental Practice: Why “Tax Savings” Aren’t as Simple as They Sound For dental partners, sole traders, and the advisers who support them For dental partners, sole traders, and the advisers who support them, incorporation is often presented as a straightforward way to reduce tax. The logic seems simple: a limited company pays Corporation…
Dental partnership accounting and pension tax planning using the cash basis Cash basis pension tapering for dentists is an increasingly common issue, particularly where one‑off profit spikes push adjusted income above the Annual Allowance thresholds This example shows how cash basis pension tapering for dentists is driven by timing, accounting method, and NHS clawback treatment.…
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…
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…
Making Tax Digital for self employed dentists is one of the biggest changes to personal tax reporting since self‑assessment was introduced. For self employed dentists, Making Tax Digital for Income Tax (MTD) will change how income is reported, how often records are updated, and the systems used to comply. From 6 April 2026, if your…