Chartered accountancy firm Monahans has launched a specialist service for dentists to help them navigate through career progression and running a successful practice.
With 30 years of experience advising dental practices, Monahans has formalised the service and launched the Dental Healthcare service.
Dentists and dental practices have unique accountancy needs and an understanding of these is vital to secure the financial future of a practice.
Dentists in the first stages of their career often require guidance through their status as self-employed workers and the necessary liabilities that come with this, including tax liabilities, student loan repayments, preparing accounts, record keeping and tax returns.
When the time comes for dentists to consider buying a practice or buying into a partnership, Monahans has developed a network of trusted bankers, solicitors and other advisers to provide specialist independent advice to make the process easier.
Stephen Fry, Dental Partner at Monahans, said: “Over the years we have worked with a large number of dental practices and dentists to advise them of how to ensure their businesses become, and stay, financially secure.
“Practices are increasingly facing issues, such as superannuation pension schemes, auto-enrolment and incorporation, which can be helped, and in some cases produce better financial outcomes for clients, by using professional accountancy advice and expertise.”
For more information on Monahans Dental Healthcare service, visit www.monahans.co.uk or call Stephen Fry on 01458 836810.
Pictured above: Stephen Fry of Monahans