DFT Pennine - Business of Dentistry Part 2 (NW200703FPM)

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.