dentists

At Whittingham Riddell, we believe that professionals need accountants with specialised knowledge of their profession to offer them best advice. We’ve invested in developing a team with specific knowledge of the dental profession.  We offer our services nationwide, but base our fees on local rates.

For dentists our team’s experience and expertise includes: 

benchmarking:

We undertake benchmarking reviews of your practice’s performance, comparing to national data and our own benchmarking survey. 

tax reliefs: 

We collate information on expenses for which you can claim tax relief and advise on  this annually when we prepare your accounts.

financial structures:

We look a different financial structures of a predominantly private practice and a predominantly NHS practice and advising on the financial implications of changing from one emphasis to another.  

profit sharing:

We advise on profit sharing issues, which tend generally to be based on personal income generation in your profession. 

expert industry knowledge:

Our specialist knowledge means that we are up-to-date with all current and new initiatives within the industry and so we can advise on how they affect you financially.  

staff training: 

We can train your staff in record keeping, using appropriate computer software packages. We then receive your financial data in disc format.  

reviewing financial records:

We help you to review financial records during the accounting year to identify and measure practice performance.  

retirement and succession planning:

We look at retirement planning and succession planning in the practice. Our experience means that we have regularly dealt with practice changes and can help you to develop a package for new partners and advise on the administration of partnership changes.  

practice property issues:

We advise on practice property issues, in particular what happens when some-one leaves the practice and sells their share of the property.    

investment and insurance products:

We have specialist independent financial advisors who can advise on investments and insurance products relevant to you.

In summary, the team at Whittingham Riddell offer all the standard services you would expect from your accountant, including production of annual accounts and tax returns, together with advice on forthcoming tax liabilities. However, at Whittingham Riddell we offer tailored advice specific to your profession.