Specialist Accountants for Dentists & Dental Practices
Accountants for Dentists in Chorleywood: Accounting and Tax Support for Dental Professionals
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Accounting for Dentists and Dental Practices in Chorleywood
Associate & Private Dentists
Self-assessment, allowable expense claims, lab fees and superannuation reconciliation for self-employed associates and private dentists.
Dental Practice Owners & Principals
Practice accounts, payroll for nurses and receptionists, UDA income monitoring, cash flow and profit extraction planning.
Orthodontists & Specialists
Accounting for referral-based and specialist practices, including capital allowances on equipment and VAT on cosmetic treatment.
Squat Practices & Dental Start-Ups
Cash flow forecasts for lenders, company formation, cloud software set-up and registration for new and squat dental practices.
Our Accounting and Tax Services for Dentists in Chorleywood
Bookkeeping for Dental Practices
We reconcile NHS schedules, private takings, plan income such as Denplan and card receipts so you always know what the practice is really earning.
VAT for Dental Practices
Most dental treatment is VAT exempt, but cosmetic work, teeth whitening and product sales are not. We handle partial exemption and get your returns right.
Self-Assessment for Associate Dentists
We prepare associate tax returns, claim every allowable expense from GDC fees and indemnity to CPD and lab costs, and reconcile superannuation deductions.
Dental Payroll, Auto-Enrolment & NHS Pension
Payroll for nurses, hygienists and reception staff, plus auto-enrolment, statutory pay and NHS Pension submissions handled on time every month.
Practice Accounts & Profitability Reporting
Management accounts that show profit per surgery, per associate and per income stream, so you can see exactly where the practice makes money.
Accounting Considerations That Can Affect Dentists and Dental Practices
Dental accounting can involve more than standard business bookkeeping. The way you are engaged, the mix of NHS and private income, and whether you operate as a sole trader, partner, or limited company can all influence how your accounts and tax returns are prepared. Some common considerations are set out below, although not every dentist or practice will face all of them.
- Managing NHS and private dental income, including keeping clear records where both income streams apply.
- Associate dentist arrangements, such as self-employed status, practice fee deductions, and multiple income sources.
- Professional expenses and indemnity costs, including subscriptions, insurance, and costs that may be allowable depending on the circumstances.
- Dental equipment, fittings, and capital expenditure, where capital allowances or depreciation treatment can affect the accounts.
- Staff payroll and employment costs, including PAYE, pensions, and benefits where relevant to the practice.
- VAT considerations, bookkeeping quality, practice cash flow, and the choice between partnership or limited company structure.
Why Dentists in Chorleywood Choose CruseBurke
Genuine Dental Expertise
We know UDAs, superannuation, associate agreements and GDC costs without being told.
Built Around Your Practice
Associates, principals and multi-site groups each get a different service, not a template.
Fixed, Transparent Fees
One agreed monthly fee with no hourly billing and no surprises at year end.
Proactive Dental Tax Planning
Incorporation reviews, capital allowances on equipment and profit extraction planned in advance.
Named Accountant, Real Answers
You deal with the same qualified person every time, by phone or email, not a call centre.
A Track Record Since Before WWII
Our roots go back further than the Second World War and we act for dental clients across London.
Our Simple 3-Step Process for Supporting Dentists in Chorleywood
1. Initial Consultation (It’s Free):
We begin by getting to know your practice and understanding your unique needs. This step ensures we have a clear picture of your operations and your goals.
2. Customised Plan:
Based on our initial discussion, we create a personalised plan designed specifically for you. The aim is to keep everything organised and easy to follow. You can rest assured that your numbers are being handled with expert precision.
3. Ongoing Support & Updates:
From there, we take care of the ongoing work and keep you updated with reports. You’ll always know what’s happening, and we’re always here to answer your questions, ensuring you have a clear picture of your financial health at all times.
Professional Accounting Support Built Around Dental Practices
Technology Driven
Cloud accounting linked to your practice software so your figures are current, not six months old.
Named Dental Accountant
A dedicated accountant for dentists who knows your practice, your contract and your plans.
Ongoing Support
Unlimited support by phone and email, including quick answers on UDA and superannuation queries.
Experienced Team
Our team has over 100 years of combined accountancy experience.
Free - Email Reminders
Never Miss any deadline with our automated email reminders.
Yes, We Are Chartered!
We’re an ICAEW, ACCA & AAT accredited Firm.
How to Switch to Our Dental Accountants
Take a back seat and let our London dental accountants handle everything. Switching mid-year is straightforward and you do not need to speak to your old accountant:
Get in touch
Reach out to us and we will discuss your practice, your contract and how we can help.
Letter of Engagement
We’ll send over a simple letter to formalise our partnership and get everything in motion.
Previous Accountants
If you're switching, we’ll take care of contacting your previous accountants to make the transition smooth.
We Do the Rest
From there, sit back and relax. We’ll manage your accounts, taxes, and everything in between, keeping your practice running smoothly.
FAQs
Accountants for Dentists in Chorleywood can help with the accounting and tax work that relates to dental income and practice ownership. This may include Self Assessment tax returns, bookkeeping, annual accounts, payroll, VAT, Corporation Tax, partnership accounts, and tax planning. The exact support depends on whether you are self-employed, an associate dentist, a principal dentist, a partner, or a limited company owner, and on the mix of NHS and private income you receive.
Many associate dentists have income taxed through Self Assessment and may have expenses to track, such as professional subscriptions, indemnity insurance, and travel between practices. An accountant can help you understand what records to keep, how your practice payments are treated, and what may be claimed depending on your circumstances. If you also have other income, such as private work or rental income, that can add further complexity.
NHS and private dental income can be taxed differently depending on whether you are employed, self-employed, or operating through a practice structure. Good record-keeping is important so that each income stream can be identified and reported correctly. The treatment can also depend on how payments are made to you and your contractual arrangements, so it is worth reviewing your position rather than applying a one-size-fits-all approach.
Yes, payroll support can cover practice employees, associates paid through payroll in certain arrangements, reception and admin staff, and other team members. This may include PAYE, pension contributions where applicable, and the records needed for annual reporting. Payroll requirements can vary depending on contracts and status, so the right setup should be reviewed against your practice circumstances.
Dentists may be able to claim for expenses that are wholly and exclusively for the purposes of their business or professional income. Common areas include professional subscriptions, indemnity insurance, continuing professional development, equipment, and some travel costs. However, the rules are specific and depend on your working arrangement, so not every cost will qualify and records should be kept to support any claim.
The right structure depends on a range of factors, including how many owners there are, how profits are shared, your plans for the practice, and your personal tax position. A partnership and a limited company each have different legal, accounting, and tax implications. It is usually sensible to review the options before changing structure or bringing in another dentist as a partner or shareholder.
To get started, it helps to have details of your income sources, business structure, previous accounts or tax returns, bookkeeping records, bank statements, expense receipts, payroll information, and VAT records if applicable. If you are a practice owner, information about practice income, staff costs, equipment, premises, and any loans or finance agreements can also be relevant. The exact list depends on your circumstances and the services you need.
Switching accountants is usually possible, and the process typically involves giving authority for your new accountant to contact the previous firm and obtain the relevant records. Timing can matter, especially if a tax return, accounts filing, or VAT deadline is approaching. It is worth discussing your current position early so the handover can be managed properly and any outstanding work can be identified.