Specialist
dental accountants
Accountancy services for dentists
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.
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 will provide you with comprehensive accounting support once you have chosen one of our competitively priced fixed packages, making your life a lot less stressful as a dentist!
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.
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
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.
Accredited accountant
You are in good hands! experienced. Our client managers are qualified and accredited by our accounting software providers Xero, Quickbooks and FreeAgent.
ICAEW & ATT registered
We offer transparent, all-inclusive monthly fixed prices, so there are no hidden costs, giving you absolute peace of mind.
Transparency
You will never receive a surprise bill from us. All our competitive monthly fees have a fixed price and are inclusive, with no hidden costs.
Forward thinking
We bring our clients the latest technology and apps to streamline processes, improve cash flow & become more efficient through automation.
Value add service
We are always looking to improve our accountancy service to boost your financials. This includes cash flow forecasting software, EMI schemes, legal services & Contractor insurance.
FAQ ‘s
Can Dentists claim back VAT?
Most dental services are VAT-exempt, so you can’t claim VAT on the goods and services used to provide them. However, some non-health-related services and products may have the standard rate applied. If your dental practice makes both exempt and non-exempt supplies and pays tax on both, you may be eligible for partial VAT refunds.
Are dental treatments tax deductible UK?
If the medical or dental treatment or insurance you give isn’t exempt, you’ll have to disclose it to HMRC and may be required to deduct and pay tax and National Insurance. You can find out more on the HMRC website.
Do dentists get paid for NHS patients?
The contract between the NHS and dentists determines what work is provided for under the NHS, payments to dentists, and charges to patients. 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.
How much are dentists paid in the UK?
Profits of dental practices varies greatly but in general you can 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?
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.
Is it worth buying a dental practice?
The short answer is yes, you do. 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.
Are dental services subject to VAT?
The provision of 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.