dentists tax glasses

When dentists can claim tax relief on glasses (including contact lenses)

There are important differences between associate dentists who are self-employed or company directors. Company directors have to comply with health and safety at work regulations. Self-employed workers do not. Self-employed dentists do not get tax relief on their glasses or eye tests To qualify for a tax deduction expenditure must be WHOLLY and EXCLUSIVELY for…

cash extract from company

How do I withdraw cash from my company?

When you set up a company for your associate dentist income, all payments for your work are paid to the company bank account. Then you’ll need to transfer what you need to your personal bank account. So how much cash can you withdraw from the company for your personal expenses? There are 2 ways of approaching this: 1. Take what I need…

Coronavirus Advice for Dentists from Small Biz Accounts

Financial advice and help for Coronavirus affected associate dentists

We have identified the following financial advice and help points for coronavirus affected associate dentists. This article is checked and updated regularly. Where you see an updated date below, this is the last time there was any change to the government’s help/advice in this area. 1 – Extended time to pay your next tax bills…