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Shoaib Khan explores the tax questions and considerations when one is selling a dental practice. Not many dentists would have set up a practice with the intention of selling it at the outset. In most cases, when it comes to selling their practice, many will have built the value organically or by accident, focusing on…
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Shoaib Khan discusses the tax issues involved with the process of buying a dental practice. In the previous two articles of the series, we discussed tax issues relating to dentists whilst they are either employed or self-employed. In this article, we will consider the tax issues when a dentist decides to buy their own practice.…
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Shoaib Khan explores the tax questions associated with both self-employed dentists and those working for limited companies. September is usually the time of the year when many dentists will start their careers as associates. For many of them, it will be the first time they become self-employed. This means the responsibility for reporting their income…
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Shoaib Khan explores and unpicks the tax issues that foundation dentists will face during their training year. As a nation, on average, we waste £421 per taxpayer by not taking advantage of available tax reliefs (according to www.unbiased.co.uk). Dentists are no different in this respect. Dentists are blessed in that most will enjoy the flexibility…
