The Chancellor has announced in the budget a reform of how tax relief on pension works, which will help dentists. It makes it far less likely that dentists working in the NHS will face additional tax charges. Since 2016/17, some higher earning dentists have faced very high tax charges because of a restriction on tax…
You may be an associate dentist looking for the best accountant to take forward your business. SmallBiz Accounts know how much added value we offer our customers but, over the coming months, you can hear directly from dental professionals about how we can manage their accounts and – more importantly – save them money. This…
Your company can give gifts up to £50 in value to its employees, directors and company secretary, tax-free. In other words, you can receive a tax-free gift from your company and reduce your corporation tax bill. This is known as a trivial benefit. Watch out for the restrictions The gift can not be:- a voucher…