Specialist Accountants for Dentists & Dental Practices
Accountants for Dentists in Cranbrook: Specialist Tax and Accounting Support
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Accounting Support for Dentists and Dental Practices
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
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.
Financial and Accounting Considerations for Dental Practices
Dental accounting can involve a range of considerations that vary depending on your working arrangement, income sources, and business structure. While not every dentist will face the same issues, the following areas are often relevant to dental professionals and practice owners.
- Managing NHS and private dental income, which may have different tax and reporting implications.
- Associate dentist arrangements, including understanding self-employed status and allowable expenses.
- Professional expenses and indemnity costs, which can be claimed where they are wholly and exclusively for business purposes.
- Dental equipment and capital expenditure, including capital allowances that may be available.
- Staff payroll and employment costs, such as PAYE, pensions, and employment allowance where eligible.
- VAT considerations for dental services, which can depend on whether treatments are exempt or standard-rated.
Why Dentists in Cranbrook 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
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 and Tailored Accounting Support for Dentists
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
The services you need depend on your circumstances. Many dentists require Self Assessment tax returns, bookkeeping, annual accounts, and tax planning. If you run a practice, you may also need payroll services, VAT support, and Corporation Tax advice if you operate through a limited company. An accountant for dentists can help you identify which services are relevant to your situation.
Self-employed dentists, including associates, are typically taxed through Self Assessment on their profits. This means you report your income and allowable expenses on a tax return, and pay income tax and National Insurance contributions based on your profits. The exact amount depends on your income and personal circumstances. An accountant can help you calculate your taxable profits and ensure you claim all legitimate expenses.
VAT registration depends on your turnover and the types of services you provide. Some dental treatments are exempt from VAT, while others may be standard-rated. If your turnover exceeds the VAT registration threshold, you may need to register. It is important to seek advice tailored to your practice, as the rules can be complex.
Associate dentists are usually self-employed, so they can claim expenses that are wholly and exclusively for their business. Common expenses include professional indemnity insurance, GDC registration fees, and travel between practices. However, the rules on what can be claimed can be nuanced, so professional advice is recommended.
You should keep accurate records of all income and expenses, including NHS and private payments, staff wages, equipment purchases, and professional fees. Good bookkeeping is essential for tax returns, VAT returns, and understanding your practice's financial health. An accountant can help you set up an efficient record-keeping system.
Yes, we can assist with payroll for your practice staff, including calculating PAYE, National Insurance, and pension contributions where applicable. We can also help ensure you meet your auto-enrolment obligations. This allows you to focus on running your practice while we handle the payroll administration.
Switching accountants is usually straightforward. You can inform your current accountant and provide written authorisation for us to act on your behalf. We will then liaise with them to obtain the necessary information and ensure a smooth transition. We can help you manage the process and make sure nothing is missed.
To get started, we will typically need details of your income and expenses, any previous tax returns, and information about your business structure. If you run a practice, we may also need payroll records and VAT returns. We will guide you through exactly what is required based on your circumstances.