Dental practices

For specialist advice that has teeth

At Albert Goodman, we specialise in providing accountancy services for the dental industry. Our experts understand the realities of running a dental practice – something that is reflected in our advice, and our holistic approach.

With a member of the National Association of Specialist Dental Accountants and Lawyers (NASDAL) on our team, we are recognised as providing high standards of service and advice to the dental profession. This is borne out by our large number of dental clients.

We share your desire for success. Because of this, we help mitigate your tax liabilities, grow your personal wealth, and ensure that your financial obligations are fulfilled. What is more, we provide practical advice on the running of your business, and lend a critical ear whenever it is needed.

Here are some of the ways we help:

  • Business structure: we advise you on the most appropriate structure for your business – be this as a sole trader, partnership, joint expense arrangement, limited company or limited liability partnership
  • Change of entity: we advise you on the pros and cons of changing your business structure, and help you implement any changes
  • Annual compliance: we prepare your annual accounts and tax returns, and advise you on your future tax liabilities
  • Benchmarking: we compare your financial information with that of dentists across the country, using the nationwide NASDAL statistics. Then, we advise you on ways to change and improve your business
  • Cashflow: we review the cashflow requirements of your practice, and assist in the arrangement of finance
  • Record keeping: we help select, and provide training on, the most appropriate record keeping system for your practice – allowing you to monitor its financial performance throughout the year, and reducing the burden of tax compliance
  • Tax planning: we help mitigate your business and personal tax liabilities, and save you money in the process
  • Payroll: we look after your payroll, and ensure compliance with all relevant rules. Our services include the provision of monthly payslips, the calculation of sums due to HM Revenue & Customs, and the submission of annual returns
  • Sales and acquisitions: if you are thinking of buying a practice, or selling yours, we advise you on all of the implications