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Dentists - anything I should know?

MonsoonMonsoon Font Of All KnowledgeFMAAT, AAT Licensed Accountant Posts: 4,071
I know some industries come with quirks and specialisms, e.g. farming or doctors.

Are dentists the same? Or are they fairly straight forward?

Thanks.

Comments

  • stefanborostefanboro Well-Known Registered Posts: 187
    I did the accounts of a dentist last year - the only tricky thing I remember was analysing NHS income and expenses (service costs, training grants, remissions, performance allocation, reimbursements, superannuation, patient charges, other costs etc).

    Once you know what all the headings relate to on this sort of documentation I found it was the same, by and large, as any normal trading company.
  • TigerTiger Feels At Home Registered Posts: 63
    and VAT exemption/partial exemption for medical etc
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