Accountants for Dentists in Andover: Specialist Tax and Accounting Support for Dental Professionals

In many cases, yes. If you are a self-employed dentist, an associate dentist, or you receive untaxed income such as practice profits, rental income or private fees, you will usually need to report that income to HMRC through Self Assessment. The exact position depends on your contracts and how your income is paid, because some dentists are taxed through PAYE on part or all of their earnings. We can review your circumstances, confirm what needs to be reported and prepare the return on your behalf.

Associate dentists are commonly engaged on a self-employed basis and are responsible for their own tax and National Insurance on the income they earn, although this is not automatic and depends on the terms of the agreement in place. In practice, that means keeping records of your share of practice income, tracking allowable expenses such as indemnity cover and professional subscriptions, and reporting the net profit through Self Assessment. Where an associate is engaged on an employed basis, the position is different, so it is worth checking before assuming which applies to you.

Yes. Dentists often receive income through more than one route, and the way that income is recorded and reported matters. In a practice, NHS and private income may arrive on different schedules and need to be reconciled separately before the accounts are prepared, while a self-employed dentist may need to bring together several streams in a single tax return. We help set up bookkeeping that keeps these streams clear, which makes the annual accounts and any VAT reporting far more straightforward.

Practice owners typically need a broader package of support, which may include annual accounts, Corporation Tax or partnership returns, payroll for practice staff, VAT where the practice is registered, and regular bookkeeping. Beyond compliance, there is often value in reviewing how the practice is performing, planning for equipment purchases or refurbishment, and considering how profits are drawn. Which of these is relevant depends on your structure and your priorities, and we can build the support around that.

There is no single answer, because the right structure depends on your profits, how you take income, whether you have partners, your plans for the practice and your personal circumstances. Operating through a limited company can suit some practice owners, while a partnership or sole trader arrangement can remain the better fit for others. We look at how you currently operate, the tax and administrative implications of each route, and any future plans such as bringing in another dentist or selling the practice, before setting out the options.

Dentists commonly claim for costs that are genuinely incurred for the purpose of their work, which can include GDC registration, professional body subscriptions, indemnity insurance, CPD, clinical clothing and, in some cases, equipment or use of home as an office. However, what qualifies is not identical for everyone, and it can differ between employed and self-employed dentists and between sole traders, partners and limited companies. We review your records and confirm what can properly be claimed in your circumstances.

It helps to have your most recent tax return or accounts, details of your income sources, and access to your bookkeeping records, bank statements and any payroll or VAT information if those apply to you. If you are a practice owner, we will also want to understand the structure of the practice and who is employed there. If anything is missing or you are unsure what is relevant, we can talk it through and set out a straightforward list of what is needed.

Yes, switching accountants is usually more straightforward than people expect. There is normally a professional handover between the outgoing accountant and the new one, covering your prior accounts, tax returns and any ongoing HMRC matters, and we can manage that correspondence on your behalf. It is often best to make the change at a natural point in the accounting cycle, though in practice the timing can usually be worked around your filing obligations.