Industry Specialists
Dental Practice Accountants
Specialist accountants for dentists, dental practices, and associates. We understand NHS contracts, associate income structures, and the unique challenges of dental practice accounting.
Why Choose Dental Specialist Accountants?
Dental accounting is unlike any other profession. The mix of NHS contract income and private fees, associate payment structures, lab cost arrangements, and complex pension rules require specialist knowledge.
K&R Accountants works with dental practices and associates across the UK. We understand UDA targets, clawback provisions, performer lists, and the business realities of running a dental practice in today's challenging environment.
Whether you are an associate looking to maximise your take-home pay, a principal managing practice finances, or considering buying your first practice, we provide the specialist support you need.
How We Help Dental Professionals
Dental Associates
- ✓Self Assessment tax returns
- ✓Maximise allowable expenses
- ✓NHS pension contributions
- ✓Annual allowance calculations
- ✓Transition to practice ownership
Practice Principals
- ✓Practice accounts and tax
- ✓NHS contract performance analysis
- ✓Staff payroll and pensions
- ✓Practice acquisition support
- ✓Exit and succession planning
Dental Accounting Services
Comprehensive accounting support tailored for dental professionals.
Practice Accounts
Annual accounts for dental practices and partnerships
Associate Tax Returns
Self Assessment for self-employed dental associates
NHS Contract Analysis
UDA analysis and NHS contract performance review
Practice Acquisitions
Due diligence and purchase structuring advice
Payroll
Staff payroll, pensions, and NHS pension complexities
Bookkeeping
Track NHS income, private fees, and lab costs
VAT Planning
Partial exemption and VAT recovery on costs
Succession Planning
Exit planning and practice sale preparation
Dental Professionals We Work With
Buying a Dental Practice?
Practice acquisitions are significant investments. We provide financial due diligence, contract analysis, and structuring advice to help you make informed decisions.
Dental Accounting FAQs
Do dental associates need specialist accountants?
While not required, dental-specialist accountants understand the unique income structure of associates: percentage splits, lab cost deductions, and the expenses you can claim. We also understand NHS pension contributions, performer number requirements, and the transition from associate to practice owner. This expertise typically saves more in tax than generic accounting advice.
What expenses can dental associates claim?
Allowable expenses include indemnity insurance (DDU, Dental Protection), GDC registration, BDA membership, CPD courses, professional journals, specialist equipment you purchase, locum agency fees, accountancy fees, and travel between practices. You can also claim a proportion of home office costs if you do admin from home.
How does VAT work for dental practices?
NHS and private dental treatment is exempt from VAT, which means practices cannot reclaim VAT on most purchases. However, some services like tooth whitening and implant consultations may be standard-rated. Practices often have partial exemption calculations to recover VAT on shared costs. We navigate these complexities to maximise your VAT position.
Can you help with buying a dental practice?
Yes. We provide financial due diligence on practice purchases, analyse NHS contract terms and UDA values, review staff costs and liabilities, and advise on purchase structure (asset vs share purchase). We work alongside dental lawyers and banks to ensure smooth transactions and accurate valuations.
How do NHS pensions work for dentists?
NHS pension contributions for dentists are complex. The scheme changed significantly in 2015 and 2022. Contributions are based on actual pensionable earnings, and the rules for associates differ from principals. We ensure your Self Assessment returns correctly reflect pension contributions and help with annual allowance calculations if you are a higher earner.
Should I incorporate my dental practice?
This depends on your circumstances. Since April 2006, new NHS contracts can be held by companies, but incorporation has tax implications including potential double taxation on goodwill. Corporation tax rates, dividend taxation, and pension rules all factor into the decision. We model both scenarios to advise on the best structure for you.
Ready to Work With Dental Specialists?
Contact us today for a free consultation. We will review your situation and explain how we can help you maximise your income and plan for the future.