Articles in the press

From 6 April 2010, you will only continue to be entitled to the standard personal allowance (in 2010/2011 it will remain at £6,475), if you earn less that £100,000 per year. If your income is above £100,000, then for every £2 above the limit, the allowance will be reduced by £1.  read more »

With our new Editor comes some changes to this column – I now have permission to write about anything to do with money! I will continue to update you with the latest tax tips and ideas but will also expand on those and focus on money issues relating to tax paying dentists.  read more »

The latest budget on 22nd April announced various tax rises which will increasingly affect the wealthy but pretty much everyone else aswell. There really has never been a better time to make the most of the tax breaks that are available to you.  read more »

Most dentists have no idea how long they are going to live for, in fact most tend to underestimate. It doesn’t take a genius to figure out that knowing when you’re going to die is a fairly crucial ingredient to helping manage your money, especially as most people prefer not to run out of it.  read more »

Childcare vouchers were introduced in 2005 to encourage more employers to help employees with their childcare responsibilities. However the Government has recently realised that far too many middle class and higher rate tax payers were getting this benefit and they want to re-direct the tax relief to provide more childcare for lower income families.  read more »

As financial advisers we see the financial reality of what happens when someone dies without having made the necessary plans. You can however do it all for a relatively small amount of effort and modest cost.

This has been brought sharply into focus for me in the last couple of weeks as we have unfortunately just lost a client who died in his 50s with a wife and two young children.  read more »

Dentists have had the option of incorporating their practice since 31 July 2006 and many have taken up this opportunity. The main reasons dentists incorporate is for the tax benefits, although there are other reasons you might want to set up a limited company as well.  read more »

Albert Einstein has been quoted as saying that Compound Interest is the most powerful force in the universe. When interest is added to an initial investment, the interest that has been added also itself earns interest. This addition of interest to the principal is called compounding (i.e. the interest is compounded).  read more »

The latest budget on 22nd April announced various tax rises which will increasingly affect the wealthy but pretty much everyone else aswell. There really has never been a better time to make the most of the tax breaks that are available to you.  read more »

Most dentists know that for dental practices there are generous Inheritance Tax (IHT) reliefs which can work to make practice assets exempt or partially exempt from IHT. This relief is called Business Property Relief (BPR).

There are three key factors that determine whether your practice will attract Business Property Relief.

Not be subject to a binding agreement of sale  read more »