Specialist

dental accountants

Accountancy services for dentists

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Specialist Dental Accountants
Dentist accountants in London

Dentist accountants in London

We are fully aware of the dental industry's challenges and opportunities, especially with the growth of specialist and cosmetic dentistry.

Having a good accountant can help your dental practice succeed. Using Fusion Accountants to manage your bookkeeping and prepare your annual accounts will help you build your future the way you want it and realise your dreams of opening or running a successful private practice.

One question dentists often ask us is, "How do I build a successful practice?" Firstly, we always say treat your practice like you would any other business - built on strong operational foundations. Having systems and processes in place will help you accurately track and monitor your cash flow and continually evaluate your practice processes and systems, which means it will run more efficiently, making it as profitable as possible.

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Why our clients
love us

Fusion services

We provide a comprehensive range of accounting and tax services to help launch your new venture.

Our accounting software partners

We can provide you with comprehensive accounting support and online software packages as part of our fixed-price packages, making your life as a dentist much easier!

Keeping track of your accounting records, expenses, payroll, VAT, and bookkeeping is super easy with our online accounting software, Xero, Freeagent, and QuickBooks.

Import bank statements and send invoices directly from your bank account, track expenses, and get a real-time view of your accounts and how much tax you owe – 24 hours a day, seven days a week.

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Need to speak to a specialist dentist accountant?

We provide cost-effective accounting and tax advice, which is custom made for the dental sector.

Why choose us

dedicated accountant for all our Sole Trader

Dedicated accountant

We provide a very high-level service to our clients is at the heart of everything we do. You will have one point of contact who will understand your business and work closely with you on your accounting needs.

Qualified & accredited accountants

Accredited accountant

All our client managers are qualified and accredited by our accounting software providers, Xero, Quickbooks and FreeAgent. So it's good to know you are in great hands.

ICAEW-ATT-accredited accountants

ICAEW & ATT registered

As registered and regulated by the Institute of Chartered Accountants in England & Wales (ICAEW) and the Association of Taxation Technicians (ATT) our qualified and committed staff offer professional business guidance.

Transparency

Transparency

You will never receive a bill from us that you did not expect. Every month's fee is fixed and includes everything, so there are no surprises.

Forward thinking

Forward thinking

We love technology, whether it's adopting new technology ourselves to bring you top-notch service or advising you in running your business more efficiently through automation.

Transparency

Value add service

We are always looking to improve our accountancy service to boost your financials. This includes R&D, EMI schemes, cash flow forecasting, Legal services & Contractor insurance.

FAQ 's

faq

As long as you paid for a qualifying expense, you're entitled to claim 20% tax back. A registered dental practitioner must also carry out the treatment or care you receive.

If the medical or dental treatment or insurance you provide isn't exempt, you must report it to HMRC and may have to deduct and pay tax and National Insurance on it. You can find out more on the HMRC website.

The contract between the NHS and dentists determines what work is provided for under the NHS, payments to dentists, and patient charges. The contract is regularly revised. From 1947 dentists were paid for each filling, extraction or other work. If you work as a salaried dentist employed by the NHS, mainly in community dental services, you'll earn around £40,000 to £87, 000. In NHS trust hospitals, consultants in dental specialities earn a basic salary of £79,000 - £100,000.

Profits of dental practices vary greatly, but you can generally earn around £50,000 to £110,000. Wholly private dentists can earn £140,000+. If you enter dental core training, instead of working in general practice, you will earn a salary of £37,000 to £48,000.

How much does it cost to run a dental practice UK? Once you minus costs for staff, materials and lab fees, you will probably be left with a profit of around £90-100,000.

The short answer is yes, you do. However, buying a dental practice all by yourself will usually mean you spend a lot of time chasing loads of different things and will probably end up with a bad deal. Instead, you should get professional help from experts that can assist you with different things.

Providing dental services (and dental appliances such as dentures) by a registered health professional such as a dentist, dental hygienist, dental therapist, dental nurse, or dental technician is exempt from VAT.

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