“Since switching accountants, I really feel comfortable with my accounts and do not worry about HMRC investigating me, should they decide to. At the same time, I am happy with how much tax I pay.”
Dr Stratos Efstratiou - Dental Practice Owner at Broxbourne Dental Care, Hertfordshire
Earning more than £50,000 a year? This latest benefit cut concerns professionals who are categorised as ‘high-earners. £1,750 a year could be lost for a 2 child family. Will this affect you?
Figurit teamed up with Medics Financial Services for a trip to The Dentistry Show. We got to meet a lot of you and discussed a number of topics including: incorporation, maximising profits and minimising tax.
The government’s controversial new ‘Shares for Employment Rights’ scheme begins in April, where employees can exchange statutory employment rights in return for shares in the company. What are the pros and cons?
There’s an upcoming Higher-Rate tax change from 50% to 45%. Clever timing of your interest payments, means that you can effectively enjoy the 45% tax rate before it is officially launched. Find out how.
Tax avoidance is practiced across society, but trying to reduce a tax bill is now regarded as a seriously anti-social activity. The Government is proposing a new, General Anti-Abuse Rule to assess the legitimacy of tax avoidance. Are you at risk?
If you are a sole trader, turning your dental or medical practice into a limited company through incorporation could help cut your tax bill significantly, find out how.
HMRC have started running checks on Small and Medium Enterprises (SME’s) including doctors and dentists, to check for errors in record keeping in a bid to reduce tax evasion. Are you at risk?