Why choose a dental accountant?

Category: Healthcare - Posted On: Jun 8 2022

Whether you are buying or selling your dental practice, wanting to improve the running of your current practice or simply an associate who needs to complete a tax return, choosing the services of a dental accountant can be very beneficial.

Accountants with sector specific knowledge are able to give tailored advice to your business and can react to the ever-changing legislation to ensure you are operating in the most tax efficient manner.

If you are selling your practice, dental accountants will correctly value your dental practice. The valuations of dental practices differ from valuing other trades, so this will ensure you get the get the most out of the sale. There are tax consequences when selling your practice that must be actioned in a timely manner. Not only will the regulatory requirements be met, by choosing a specialist accountant you will have access to their array of contacts and resources for a greater pool of potential buyers.

Dental accountants don’t just deal with the numbers. Our EQ Healthcare team can help clients with annual compliance such as GP234 forms, payroll, and advise on appropriate management systems to use to allow you to get the information you want and require. We also understand the challenges that come with running a dental practice so can recommend budgeting and administration improvements to help you get back to doing what you do best.

If you would like more information on our services, please contact a member of our EQ Healthcare team or come visit us at our stand (G03) at the Scottish Dental Show on 24 & 25 June at Braehead Arena.