“I would recommend Figurit Chartered Accountants to any colleague looking to incorporate their business, or for general accounts. They have proven to be highly efficient, knowledgeable and friendly.”
Dr Andrew Papadopoulos - Dental Practice Owner at Smilemaker Dental Practice in Orprington, Kent
The Small Business Rates Relief has been doubled for another year from April 2015. RV under £6,000? Zero Business rates are due, RV between £6,001-£12,000, you could claim a reduction betwen 1%-50%
Shared Parental Leave will be available from April 2015 for qualifying employees to give flexibility to how parents raise their child in the first year. Employers need to know the facts and eligibility rules.
As a medical or dental professional you could claim the costs of your professional subscriptions if they feature on the HMRC list of approved organisations.
The Annual statement annouced some positive changes, such as: reductions in Stamp Duty Land Tax and changes to ISA regulations upon death, but changes to Capital Gains Tax throws a spanner in the works for those looking to Incorporate for tax breaks.
It’s a good time of year to evaluate 2014 and consider future plans to make 2015 more profitable. If you’re currently creating your business plan, why not add in SWOT analysis. Use our free toolkit to get started.
The Autumn Statement 2014 was always expected to be significant with the General Election next year and it certainly has raised some interesting points, some positive and some negative for the financial future of doctors and dentists.