At PKPI Chartered Accountants, we stand as seasoned experts, dedicated to propelling dentists forward in their careers as Associates. With decades of profound experience, we bring unparalleled insights to guide you through the pivotal stages of your dental journey, offering invaluable advice on practice planning, tax, and accountancy.
Navigating Finances with Precision
Financial Mastery for Associate Dentists :
Beyond the routine tasks of managing your annual accounts and tax returns, we are committed to maximising your financial efficiency. Our meticulous approach ensures that every relevant business expense is claimed, strategically minimising your tax burdens. To streamline this process, we provide access to our cutting-edge bookkeeping app, empowering you to submit income and expenses seamlessly throughout the year.
NHS Pension Expertise
Our specialists in NHS pensions will navigate the intricacies of your net pensionable earnings. We meticulously verify that your practice deducts the correct NHS pension contributions, offering guidance on adjustments if needed. Your financial peace of mind is our priority.
Empowering Your Practice Aspirations
As you contemplate the prospect of practice ownership, we offer comprehensive services to transform your dreams into reality. Our experts conduct valuations and cash flow projections for your desired practice. Should your offer be accepted, we will assist in securing financing, recommend optimal business structures, and connect you with specialised dental solicitors to facilitate a smooth buying process.
Wisdom from Wealth Experts
In collaboration with our partners at Wealth Experts, we extend beyond traditional financial advice. Our wealth management services encompass future planning, retirement strategies, family protection, inheritance preservation, and thoughtful care fees planning. Secure your financial freedom in retirement with our dedicated support.
Tailored Advice for Your Business
Incorporation considerations? Private dentist with minimal NHS income? We provide tailored guidance, assessing the suitability of incorporation and offering detailed insights into your business structure. Your unique needs are at the core of our advice.
Maternity Leave Financial Planning
For those planning to start a family, we offer expert counsel on the financial implications of maternity leave. From navigating NHS maternity pay claims to ensuring accurate pay levels and assessing tax payments on account, we ensure a smooth journey without compromising your cash flow.
1.Why should associate dentists in the UK consider specialised accountancy services
Associate dentists can benefit from tailored financial guidance for tax compliance, expense management, and maximising income while navigating specific industry regulations
2.What are the primary financial challenges that associate dentists face in the UK
Associates often encounter issues related to tax planning, understanding NHS regulations, managing personal expenses, and planning for future practice ownership
3.How can accountancy services help associate dentists optimise their tax strategies
Specialised accountants offer guidance on allowable expenses, tax deductions, IR35 compliance, and personalised tax planning for associate dentists in the UK.
4.How can accountancy services support associate dentists in planning for future practice ownership or partnership
Accountants specialising in dental practices offer financial advice, feasibility studies, and partnership structuring guidance for associate dentists aspiring to own practices.