Aug 28 2019 Selling your dental practice – the tax implications Categories: Healthcare When the time comes to sell your incorporated dental practice, you will have two options – sell the shares in the company, or sell the assets of your company. Selling the shares in your company will mean that you sell the whole of your company, including assets, goodwill, liabilities, future liabilities. This means as a more
Jul 24 2019 Are you claiming tax relief on vital children’s nursery resources? Categories: Healthcare Capital allowances can offer much needed tax relief to a tax paying business. By claiming capital allowances on plant and machinery, in most cases, the full cost of an item can be deducted, reducing the final tax bill. This is achieved using the Annual Investment Allowance (AIA), which has a temporary limit of £1m per more
Jun 17 2019 How does the change to GP Pensions affect your retirement plans? Categories: Healthcare Earlier this year, The Scottish Public Pensions Agency (SPPA) announced that the current rate of employer pension contributions will increase from 14.9% to 20.9% with effect from 1 April 2019. GP practices in Scotland will receive the 6% refund for employer pension contributions on their monthly statements under ‘Other Payments’. Therefore, there should not be a more
May 14 2019 Working With Our Clients – No Matter The Distance Categories: Amber AccountingHealthcareMaking Tax Digital As well as professionalism, expertise and trust, your accountant should work around you – making your business run more efficiently, rather than eating into too much of your valuable time. Time is something that South Uist Medical Practice, based in the Outer Hebrides, does not have to waste. With their priority being their 1000+ patients, more
Feb 18 2019 Making Tax Digital for Dental Practices – what is it all about? Categories: HealthcareMaking Tax Digital Making Tax Digital (MTD) will be at the forefront of the minds of business owners and advisers over the next few months but what is it all about? MTD is the idea that all your business transactions will flow seamlessly to HMRC by electronic means at the press of a button. Enabling HMRC to estimate more
Nov 20 2018 GP Surgeries – Locums costs placing pressure on tight budgets Categories: Healthcare GP surgeries continually struggle to recruit new partners and salaried GPs as many GPs prefer to opt for locum work instead. One of the main reasons cited for choosing locum work over working full-time for a GP practice, is the greater flexibility in both the scheduling of working hours and the actual number of hours more
Aug 6 2018 Buying or buying into a dental practice Categories: Healthcare Becoming a practice owner is probably one of the biggest challenges and whilst success can never be guaranteed, seeking the best professional advice is the only way to ensure that the odds are stacked in your favour. EQ acts for a considerable number of dental practices and we pride ourselves on our understanding of the more
Jun 4 2018 Rates relief for children’s nurseries Categories: Healthcare If you run a children’s nursery are you remembering that as of 1 April 2018 you should no longer be paying rates on any property used mainly as a nursery school? These rules are in effect until 31 March 2021. You must formally apply to the local authority to obtain this relief. We at EQ, more
