Taxation As A Dentist: What The New Government Means For You with Johnny Minford DWI-EP288

Dentists Who Invest Podcast

Want to understand how to become as tax efficient as possible?
Connect with Johnny here: https://www.dentistswhoinvest.com/reducing-tax-bill/
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Explore the complexities of the UK's evolving financial landscape for dentists under the newly elected Labour government with our esteemed guest, Johnny Minford, a veteran in dental accounting. We unravel the potential shifts in income tax, NHS dentistry, pensions, and broader tax matters that could significantly impact your practice and personal finances. With Johnny's expertise, we aim to provide clarity amidst the uncertainties and ensure that you stay ahead of the curve.
What does the future hold for capital gains tax and corporation tax, and how will these changes influence your business restructuring and retirement planning? Join us as we navigate the possible budget announcements and their timelines, offering strategic insights to help you make informed business decisions. Johnny also shares his take on the stability of corporation tax, capital allowances, and the broader economic impacts on sectors including agriculture and dentistry, ensuring you grasp the full picture.
We also tackle the perennial issue of access to NHS dentists and its financial implications. Johnny lends his extensive knowledge to broader tax concerns, emphasizing the importance of synergy between practice owners and associates for mutual benefit. To wrap up, we discuss effective strategies for managing wealth within your dental practice, and highlight the Dentists Who Invest community—your go-to resource for achieving financial freedom. Don't miss our upcoming webinar on mortgages, packed with tips to further empower your financial journey!
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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.

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Chapters

1. Updates on UK Dentistry Tax Changes (00:00:00)

2. Dentist Financial Planning and Tax Changes (00:09:01)

3. Navigating Dentist Finances and Taxation (00:25:37)

4. Dental Practice Profit and Tax Efficiency (00:30:05)

5. Structuring Dental Practice Finances (00:43:29)

6. Dentist Finance and Support Community (00:49:40)