Your practice as a dental professional in London may be thriving, but poor issues like paying too much tax or filing incorrectly could easily ruin your reputation and success down the line. Moreover, you might even end up struggling with your cash flow. When you are busy caring for your patients, you may not have time to deal with the complex and changing legislation and laws around your profession. All these concerns can be avoided with the right help from the right dental accountants. Just be sure to hire the right one!
A dental accountant specialises in many different matters, such as taxation, accounting and bookkeeping, and superannuation. The most experienced ones are also able to provide business advice and support you with limited company and partnership services. But before hiring one, here are four things you should know:
- Their level of expertise and experience in dental taxes and finance
The best dental accountants in London will work closely with you to optimise your tax position. To achieve that, they need extensive knowledge and expertise on tax rules governing your industry, and they must be able use those assets to ensure the best possible outcome every time. Moreover, make sure they have relevant experience in handling complex finance matters dentists are likely to face.
- The services they can handle
The most common misconception about a dental accountant is that their main responsibilities only revolve around helping you with bookkeeping, accounting, and taxes. However, they are also capable of helping you in other areas, such as payroll, raising finance, NHS tender assistance, industry compliance, financial planning, and advice. This way, you only have to rely on a single professional.
- Reliability
Experienced dental accountants understand the importance of communication and transparency with their clients. They make it a point to establish open lines of communication with their clients and explain matters and concepts in an easy-to-understand manner. They should be ready to answer questions and provide important information quickly.
- Guarantee
Reputable dental accountants offer a guarantee to their clients to make sure that they are able to deliver the best value to dental professionals. If you are not satisfied with their services, you do not have to pay for them.
About the Author:
Amit Gupta, Director, Allenby Accountants.
Allenby Accountants is a firm of Chartered Accountants in Uxbridge, West London. We offer tax advice, business advice, financial advice and support to our clients in achieving life ambitions such as buying a home, sending kids to a good university, living a happy retired life, etc. Our range of services includes accounting, bookkeeping, tax planning, VAT advice, inheritance tax planning, succession planning, business buying & selling, etc. We specialise in sectors such as medical & healthcare, hospitality, media, e-commerce, professional services, property & construction, charity and not-for-profit and more.
