DFT North Manchester- Business of Dentistry Part 2 (NW20200313FNMM)

DFT North Manchester

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The presentation will cover the following:

· Introduction into the self-assessment regime.

· Key dates for tax payments and filing deadlines.

· How taxes are calculated and what’s included.

· Wholly and exclusive allowable expenses.

· Sole trader, Partnership and Limited companies.

Tax efficient investments.

Mandatory: Foundation Dentist

To provide education for how to manage your tax affairs inline with HMRC expectations and good practice.

· The records that a Dentist is required to keep hold of and what is required to be provided annually.

· Understand the allowable expenses for tax purposes so that they are accurate and complete.

· Key dates for tax payments and deadlines to ensure these are proactively managed.

· Different options available to dentists on how they can choose to operate.

· Tax efficient investments.

· NHS Pensions 2015 scheme.

· Making Tax digital and what is required from the Dentist moving forward.

· Comprehensive understanding and knowledge of the different structural options available to them.

· What needs to be done and when, in accordance with HMRC guidelines.

· Able to manage their finances so that taxes are proactively managed.

· What bank accounts to open and cash flow management for taxes.