Accounts and tax return
We have specialised in working with dentists across the UK since 1991. We will calculate your tax liabilities and student loan repayments, prepare your first set of accounts and tax return, ensure that you claim all relevant business expenses and generally help to keep your tax bills as low as possible. Sometimes we can claim refunds from HMRC, depending on your previous income tax payments and National Insurance contributions.
As soon as you become self-employed, HMRC will expect you to look after your affairs, set aside the cash you need to pay tax and pay your bills in full and on time. HMRC will not normally negotiate or offer easy payment terms. This is why you should appoint a specialist accountant to look after your affairs as soon as possible. It will probably be 18 months before you receive your first tax bill, which can come as quite a shock if you have not prepared for it. By getting your business affairs in order from the start you can plan for your future liabilities.
In the early stages of your career we will probably be able to support you by post, e-mail and telephone. If your needs are particularly complex, please contact us to discuss your requirements.