In the near future we will see the introduction of a digital tax account for all dentists. Are you ready for this? Do you have the appropriate software to cope with this major change? Being fluent with all modern cloud-based software, including Xero, Sage and Quickbooks, allows us to be on hand to help with any problems you may face. Feel free to ask us about any software issues or recommendations.
We act for many corporate dental practices but appreciate this isn’t the optimum structure for all clients. Our incorporation advice service can demonstrate the pros and cons of incorporating your practice with illustrations of any likely tax savings. We also consider all available HMRC relief and can advise on subcontract arrangements as well.
Clients often fear that time away from their business is unproductive, but we recommend an annual meeting away from the practice to focus on the bigger picture. A joint meeting with one of our independent financial advisers to consider your personal and business objectives is often highly valued.
We are up to speed on both the NHS Pension and HMRC Pension legislation. We can guide you through the complex Lifetime and Annual pension limits. Our team regularly guides clients through their annual declaration on Compass, helping with both calculations and submissions. We have extensive working knowledge of SIPPs and SSASs, including property.
Involving PFM in your payroll gives a cost effective solution to the ever increasing demands of operating your own payroll systems including RTI.
Planning your retirement and practice sale is best considered two or three years prior to retirement. We will look at available HMRC reliefs to ensure you are in the best possible tax position before and after your sale. Working closely with our financial advisers we can assist with the tax aspects of your retirement income.
Contact Us Today
Having recently moved to PFM townends accountancy, I have been very happy with their services. I found joining up was a simple and efficient process. My accountant Sophie has been very helpful with my self-assessment tax return. Having only recently become self-employed, I had many different questions regarding the tax return and Sophie dealt with these promptly and professionally. She made the whole process very easy to understand and I felt more knowledgeable after finishing the tax returns.
Having used the same accountancy firm since graduating in 2002, I was recommended PFM Dental by a colleague three years ago. Since then I have not looked back and I have been extremely happy with the service they have provided. They are very accessible and personable, responding promptly to any questions or queries I might have. In this regard, a special mention should go to Hayley Hudson whose professionalism and attention to detail means I have every confidence that my dental accounts have been thoroughly reviewed and managed. I also consider their fees to be very reasonable and good value. I would not hesitate to recommend PFM Dental.
I have used PFM Accountancy for many years now and couldn’t speak highly enough of them. They were recommended by a colleague and I haven’t looked back since. With both of my previous accountants I was never really sure that I fully understood my accounts and didn’t feel comfortable asking too many questions as I often didn’t understand the answers. Each member of staff that I have dealt with at PFM have been approachable, friendly and explained everything clearly and to suit my level of understanding. They are very experienced with dentist finances and taxation etc. The option to pay monthly rather than an accountancy bill at the end of the year alongside annual GDC and tax bills is also really good.
PFM have also helped me out with my mortgage application and other favours.