Download - Dental Seminar & Networking
![Page 1: Dental Seminar & Networking](https://reader035.vdocument.in/reader035/viewer/2022080223/56813aab550346895da2a390/html5/thumbnails/1.jpg)
Dental Seminar & Networking
Presentation byPeter Brassington & Philip Waine
![Page 2: Dental Seminar & Networking](https://reader035.vdocument.in/reader035/viewer/2022080223/56813aab550346895da2a390/html5/thumbnails/2.jpg)
• HMRC clawed back over £13million in underpaid taxes in two years
• Over 1,5000 disclosures generated £10million
• Over 1,000 investigation generated £3million
• One dentist paid in excess of £300,000
![Page 3: Dental Seminar & Networking](https://reader035.vdocument.in/reader035/viewer/2022080223/56813aab550346895da2a390/html5/thumbnails/3.jpg)
Accounting issues
• Fees receivable
• Debtors – NHS & Private
• Payment received in advance
• Work in Progress
![Page 4: Dental Seminar & Networking](https://reader035.vdocument.in/reader035/viewer/2022080223/56813aab550346895da2a390/html5/thumbnails/4.jpg)
Tax investigations and problems • HMRC very interested
• Private and personal expenses
• Completeness of income
• Inspection costs
• Ash Cash
• Use of home
• Personal use estimates
![Page 5: Dental Seminar & Networking](https://reader035.vdocument.in/reader035/viewer/2022080223/56813aab550346895da2a390/html5/thumbnails/5.jpg)
Plant and Machinery
• Can be difficult to quantify
• Planning of capital expenditure necessary
• Specialist lenders available
• Significant elements of surgery
• AIA decreasing
• Can be difficult to quantify
![Page 6: Dental Seminar & Networking](https://reader035.vdocument.in/reader035/viewer/2022080223/56813aab550346895da2a390/html5/thumbnails/6.jpg)
5 Ways to Protect your Practice
1. Practice Capital Expenditure
2. Formalised Agreements
3. Practice Premises
4. Timely Record Keeping
5. Proactive Advisers
![Page 7: Dental Seminar & Networking](https://reader035.vdocument.in/reader035/viewer/2022080223/56813aab550346895da2a390/html5/thumbnails/7.jpg)
In Conclusion …