Learn about the services accountants can offer Dentists.
Dentists, like other medical professionals, require specific knowledge of the profession in order to make sure take home pay is maximised and income is structured tax efficiently.
Dentists running their own practice are self employed and therefore have the same obligations as other self employed people apply. Associate Dentists even though not running a practice are still treated as self employed.
Both associates and those dentists running a practice will be required to submit accounts and a tax return, however associates will be likely to have a much more straightforward time here.
Maximising the amount of work-related expenses claimed is an important factor in keeping the tax bill in check. Dentists have specialist expenses such as:
Professional subscriptions such as BDA (British Dental Association), DDU (Dental Defence Union) and GDC (General Dental Council).
Magazine, books and other material related to dentistry.
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