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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

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