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Iain Stevenson discusses why it is so important to take a proactive approach to financial planning as a dental professional. According to a recent study commissioned by saving and investing app Moneybox, the British population averagely spends twice as much time on social media as they do on managing their personal finances. The research conducted…
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Iain Stevenson brings attention to the importance of communicating your estate planning. Many consider estate planning to be the Marmite of financial planning – people either love it or hate it. In any event, and regardless of your personal opinion, estate planning crucially underpins your family’s long-term financial security and can support you in mitigating…
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Iain Stevenson weighs the pros and cons of switching from the NHS to private practice. Without question, the past three years have been incredibly challenging for dental professionals. Struggle after struggle When we consider all the current personal challenges we’re facing – inflation hitting double figures and widely expected to grow, energy bills at an…
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Iain Stevenson, head of dental at Wesleyan Financial Services, looks beyond the financial headlines and provides reassurance for dentists concerned by the economic landscape. Economic and political challenges seem to be whipping the media into a frenzy currently. This can understandably be a cause for concern for dentists looking at how they might be affected…
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Assessing and preparing for risks in your business ensures that your family’s and personal wealth is protected, explains Iain Stevenson. As a business owner, life has never been busier. Looking after staff, premises, insurances, recruitment, income, costs and generally managing everything it takes to run a successful dental practice is challenging in itself. It’s therefore…
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Iain Stevenson, head of dental at Wesleyan Financial Services, shares top tips for small businesses to mitigate the impact of energy prices. Last week, many practice owners may have breathed a small sigh of relief following the new Chancellor’s emergency mini-budget announcement. In it, it was reiterated that small businesses will receive the equivalent of…
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With the cost of living on the rise, Iain Stevenson questions how this might impact your pension and plans to retire. With all this talk about interest rate increases, highest inflation for over 40 years, the cost of living crisis, and continued uncertainty around the world economy, it’s time to step back and really understand…
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To invest or not to invest, asks Iain Stevenson, as he ponders whether now is a good time to take a ‘safe’ option. With all the challenges currently being experienced within dentistry, in addition to the economic situation the world is facing, we are regularly being asked: ‘Is now the time to invest?’ High inflation,…
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Iain Stevenson, head of dental at Wesleyan Financial Services, explores the recently reported drop in NHS practice goodwill valuations and speaks to Chris Strevens from Frank Taylor & Associates for the predictions on future sale value. NASDAL recently released its Goodwill Survey results from 31 July to 31 October 2021. It painted a somewhat turbulent…
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Iain Stevenson, head of dental at Wesleyan Financial Services, shares considerations on how to keep your finances stable during times of market volatility. The current climate may leave you feeling that challenges are coming your way from every angle. Within the dental space, there’s ongoing uncertainty of practising under the NHS. Challenges rising from self-employment…
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Iain Stevenson explains how important it is to step back and look at your existing contracts within a practice. When you decide to move from NHS to private dentistry, there are plenty of tasks on your to-do list. One of the items that it’s wise to include on that list, but may not be so…
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As we approach the end of another tax year, Iain Stevenson considers some quick savings for dentists to take advantage of. Incredibly, the end of another tax year is fast approaching. But what does that really mean for dentists? What do you need to know? Will you really miss out? If the answer is: ‘I…
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When thinking about retirement take a step back and find a ‘challenging friend’, says Iain Stevenson. What does 2022 have in store for you? A question we will all no doubt be asking ourselves but for some, this is the year where it is time for change. Following the unbelievable resilience shown throughout the dental…
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Iain Stevenson, senior area manager for Wesleyan Financial Services, speaks to Ros Keeton, chair of the BDA Benevolent Fund, to uncover the financial challenges that the profession is currently facing. We are working through turbulent times within the profession. Particularly when it comes to personal and practice income. There’s a lot of uncertainty around what…
