Specialist Services for Dental Professionals
If you are a:
- Newly qualified dentist
- Associate
- Principal
- Partnership
- Incorporated practice
- Dental body corporate
- Employed dentist, consultant or specialist including orthodontist or oral surgeon
- Self employed hygienist, therapist or dental nurse
then we can help you.
Cloud accounting
If you are not already using a digital bookkeeping system we can provide this and get you set up with training and conversion of your manual records. Our Xero for dentists software is simple to use and tailored for your specific needs. It takes the hard work out of keeping your accounts in order and provides a clearer view of your financial position. See our Cloud Accounting for Dentists page.
Tax planning advice to minimise your liabilities
Our aim for you is to increase your financial efficiency and keep more of what you earn through effective and responsible tax services. We can guide you through various tax issues and tell you what expenses you can claim. Also provide you with year end tax and superannuation planning advice and look at ways of structuring your business to increase profitability.
Company formations
Many of our dental clients have benefitted from operating their practice through a limited company. This can give increased legal protection and the ability to extract profit in a more tax-efficient way. However your personal financial situation, such as retirement planning and required income, will need to be considered beforehand. We can look at the pros and cons for you and offer our advice.
Practice sales and acquisitions
If you are thinking of buying or selling a dental practice it is important to have an experienced adviser who knows the market. Not only can we advise you on the best time for your exchange, you will have the support of our network of solicitors, bank and valuation expects who act specifically for your sector. You can find out more about buying and selling a dental practice on our specialist dental site.
Increasing your efficiency
Interested to know how your practice compares? We provide regular benchmarking reports to give you a measurement of your business performance against sector averages to allow areas of underperformance to be identified and actioned. These reports are based on accounts submitted by dental accountants across the UK to the National Association of Specialist Dental Accountants and Lawyers (NASDAL).
Supporting your industry
Morris Crocker is a long standing member of NASDAL. This is a UK wide network of accountants and lawyers who work with dental professionals. Representing over one fifth of all dentists in practice the group discusses issues of particular importance to dentists and regularly publishes articles in the dental press.
Keeping you informed
Each month we produce our own dentist enews so you are in the know about the latest tax and financial issues. There are also our general business alerts, budget summaries and end of year tax planning guides.
For more information on our services to the dental industry, contact us on 023 9248 4356