Our dedicated dental accountants and business advisers understand the unique pressures you face. They’ll work closely with you to help you realise your ambitions in today’s rapidly changing world.

Whether you are an associate just starting out or considering your first practice purchase, or a current owner wanting to grow your dental business or even sell, with over 30 years’ dental sector experience, we can help.

Working together

The Hazlewoods team understands today’s challenges in the dental sector as well as the opportunities on the horizon and can provide timely and tailored advice to help make your personal or business goals a reality at every stage.

As an associate, hygienist, therapist or practice owner, sole trader, partner or limited company, we get to know you and build close, long-term relationships. With our team always on hand to get your questions answered and pass on valuable insights, our long-standing dental expertise can guide you and most likely save you tax too!

How can we help you?

Our dental accountants services include:

  • Bookkeeping, management accounts & VAT
  • Accounting & tax compliance
  • Efficient tax planning
  • Payroll
  • Cloud accounting
  • Business plans & financial projections
  • Practice structure
  • Benchmarking & profitability
  • Practice support
  • Buying a practice
  • Selling a practice
  • Forensic accounting & litigation support
  • Financial planning

Supporting you at every stage

Yes. The transition of embarking on a career as a self-employed dentist may seem daunting at first but with our support, you will start to experience a natural progression into self-employed status. From calculating tax liabilities and student loan repayments through to record keeping, we can guide you through the next chapter.

The decision to either buy your own practice or a share in an existing one is a big one. We help to ensure you pay the right price and can structure the purchase in a tax-efficient manner, tailored to your circumstances. Our dental accountants team can also connect you to vital financial and legal support, built up from years of developing trusted networks with bankers, solicitors and other advisers.

The right time to sell is complex. It involves emotions as well as financial concerns and does not happen overnight, but without an exit strategy in place, your options are limited. If you are contemplating the sale of your business, either now or in the future, we can work with you in creating an exit strategy bespoke to your objectives.

As a dental practice owner, you may be taking the time to review where you are today and looking at ways, large or small, to optimise the success of your business. Our expert dental accountants can support you as your business grows using tailored benchmarking and specialist industry insights to help you understand your current strengths and opportunities, through to advising on practice acquisitions.

Whatever your post-sale objectives, our Financial Planning team can support you in putting together a tailored plan to help meet them, using the proceeds in the most efficient way.

Client stories

Oliver, tell us a bit about your background which led you to working within dentistry?

My parents ran a large NHS family practice in Hull, so I was introduced to the industry by them. I did NHS foundation training and went on to work in my parent’s practice as an associate.

What did you need support with and why Hazlewoods?

Hazlewoods Dental Accountants team supported my parents with their accountancy and business advisory needs for three years and eventually helped them to sell their practice. They were instrumental in the sale and in achieving the best price for them. My parents commented on how Hazlewoods cared about the individual whilst seeing the bigger picture.

As I progressed in my career, I wanted to buy my own practice. With the family history of working with Hazlewoods, I reached out to the team to review my accounts for a prospective practice. They provided guidance on the buying process, the viability of various practices and accurate EBITDA valuations.

I also worked with Partner, Kyle Nethercott, from Hazlewoods Financial Planning regarding our family trust fund. That’s the beauty of Hazlewoods – it’s a one stop shop for everything that I need.

I was always quickly passed on to the right person throughout the process and they were also very useful in liaising with the solicitors. Lee Brinkworth supported me with capital allowances and ensuring my tax liabilities were minimised.

Nigel and Lee, how did you support Oliver from a Hazlewoods perspective and what was the outcome?

Our main aim is to support Oliver at every stage of his career, starting with tax structuring as a self-employed dental associate, leading on to getting the best price we could for his practice, and generally saving as much tax as possible.

We assisted him throughout the buying process, giving him the ammunition and confidence to negotiate. We also interpreted the financial jargon that can occur, making sure that financial matters were correct in the purchase agreement and that matters such as tax indemnities were worded properly.

Oliver successfully purchased the practice and our advice led to tax savings of over £10,000.

Oliver, what was the relationship like with Hazlewoods and how did you find the process of working together?

It was very straight forward. I found it nice to get an email or phone call from Nigel just checking in and seeing how it was all going – it helped having someone to talk it through with, especially when you’re making the leap to become an employer.

I found that you could strip away the labelling of ‘accountant’ or ‘financial adviser’. They became more than that by building a caring relationship. It always felt like a continuous service, with genuine advice, rather than a ‘product’.

What are your thoughts for the future?

I’m pleased with the successful purchase of my practice and I’m already thinking about next steps. I want to build and grow and do it all efficiently.

I’m enjoying the next stage of my career and the challenge it brings with it. I like having the autonomy to make decisions and being my own boss.

Nigel and Lee, how will you be supporting Oliver going forward?

We can assist Oliver in growing his practice in a number of ways, such as looking at sector performance via benchmarking. He may want to start expanding, possibly by moving premises. We can advise him on how to buy a bigger property and the best way to structure that investment.

Ultimately, we will be here to help grow Oliver’s independent career and we wish him the best of luck as that develops.