- What does a specialist dental accountant do that a generalist accountant doesn't?
- A specialist understands the NHS contract economics (UDA value variance by contract and region), the NHS Pension scheme structure (1995, 2008 and 2015 sections), goodwill amortisation rules for dental goodwill acquired after 1 April 2019, and the IR35 implications of NHS engagement status for locums. A generalist applies UK SME rules without that sector context, which is where most preventable tax leakage happens.
- How is dental accountancy usually charged?
- It varies by firm, so ask rather than assume. The things that move the number are the same everywhere: whether you are an associate or a practice owner, whether there is a limited company and payroll, whether the practice is VAT-registered and partially exempt, how many NHS contracts and performers sit on the reconciliation, and who prepares the annual NHS Pension certificate. Ask for the scope in writing, ask what sits outside it, and ask what happens to the quote if you incorporate or buy a second site mid-year.
- Do you work with associates as well as practice owners?
- Yes. Self-employed associates, salaried associates, locums working through limited companies, foundation dentists in their first year, and dental nurses or hygienists running their own businesses. We also work with multi-partner LLPs and corporate dental groups.
- Can I switch from my current accountant mid-year?
- Yes. Professional clearance with your outgoing accountant, the transfer of your records and the handover of any work in progress are all part of a mid-year move, and none of it changes your filing deadlines. How long it takes depends on how quickly the outgoing firm releases the records, so ask any firm you speak to what they need from you and what they will chase.
- Do you advise on NHS Pension scheme issues?
- A specialist from our partner network models the financial impact of pension decisions: annual allowance charges, the tapered allowance interaction with high earnings, McCloud remedy choices for members with 1995 or 2008 section legacy benefits, the dental retainer vs full membership question. For specific pension advice on accessing benefits or making transfer decisions they work alongside an FCA-authorised IFA.