The Dentist
Willie Mackenzie writes regularly for The Dentist on financial and tax issues of interest to dental practitioners.
To visit The Dentist magazine website click here.
| 5-Jun |
Tax Amnesty
Declare your offshore account in return for reduced penalties. |
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| 1-Apr |
It's a Date
Many dentists set up their private practice without thinking about the implications of a particular financial year end – choosing a financial year end in line with the tax year, almost by default. Alternatively, they might choose a financ... |
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| 1-Feb |
The Capital Allowance Conundrum
Willie Mackenzie explains the intricacies of capital allowances and provides a few tips to guide you through the maze. A frequent question I hear from dentist clients is: What is the most tax –efficient way of buying dental equipment... |
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| 19-Jan |
Taxing Times
Tax - It's all getting a bit of a drag At this time of year dentists, being almost exclusively higher rate tax payers, will be eagerly anticipating the Chancellor’s bi-annual raid of their “piggy-banks” at the ... |
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| 5-Sep |
A salary to your spouse
This is probably the most popular and well known “tax dodge” known to dentists. “Pub talk” will have it that all one does to get a tax deduction is to enter a figure in accounts just below the tax exemption limit of £4,895 and you have a potential tax s... |
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| 5-Jul |
New tax exemption
Employer provided childcare vouchers could prove a useful boost for staff.A new tax break introduced in April this year enables dentists to provide childcare vouchers of up to £50 per week to their staff – tax and National Insurance free. T... |
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| 3-Feb |
Choosing an accountant
William MacKenzie provides some guidance to dentists starting up in practice as to how to choose an accountant and the most important factors to consider. |
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| 11-Dec |
Investing in property to let
William Mackenzie provides an outline of the most important tax and commercial factors to be taken into account by dentists when deciding whether or not to invest in property to let. |
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| 4-Apr |
What to do in the event of an Enquiry
In March I outlined some preventative measures you can take in advance to minimise the pain of a tax enquiry. This month I explain how it is still possible to limit the financial damage once a tax enquiry is under way. |
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| 2-Feb |
Minimising the pain of a tax enquiry
In January I explained how your tax return can be at risk of being picked for enquiry if the figures reported differ significantly from those returned in earlier years or from the standard statistics of profits and expenses normally made by other Dental ... |
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