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All that's new in the world of dentistry
MAR
14
0

Spring statement analysis

Spring statement analysis

 

Michael Lansdell is a founding partner of specialist dental and medical accountants Lansdell & Rose and a chartered accountant. Here, he gives an overview of Philip Hammond’s first Spring Statement, and the key points for dental practice owners…

We had two Budgets and three Financial Bills in 2017, which for many, was more than enough! The Spring Statement lasted a grand total of 25 minutes, and was essentially a review of the public finances. It was also an opportunity to publish consultations before any announcements in the Autumn Budget.

So, nothing headline grabbing, but here’s a glance over the Spring Statement and how it may relate to your business.

VAT

From April, the VAT threshold will remain at £85,000 for the next two years, as per a previous announcement. Mr Hammond said he would consult on whether growth could be incentivised by looking again at how VAT is structured.

Digital payments

Payments/settlements systems (including the Bank of England’s) are to be renewed in order to harness the power of the latest technologies. The government pledged its support to these changes, and it will be consulting on them.

On a related note, views will also be sought on how online platforms could help users comply with their tax obligations.

Entrepreneur’s relief

If an individual now owns less than 5 per cent interest in a company, because the company has issued trade to raise capital, they should be able to claim Entrepreneur’s relief, says the government.

Business rates

Views had previously been sought on this topic. It was announced that the first of more frequent, three-yearly revaluations for business properties would be in 2021.

Self-funded work-related training

Have you – or a colleague – undertaken this? Well, the government is going to look at how tax relief can be extended and how the system can be both simplified and protected from misuse.

Coming up in April…

No new tax measures were introduced, but some previously announced changes are coming into force in April. The personal allowance is rising to £11,850 (for basic rate, to £34,000 and higher rate, £46,350). This excludes Scotland, who will have five new tax bands for 2018/19. If you are on a higher rate in Scotland, this isn’t great news as the threshold is going to start at £2,920 below the rest of the UK. As previously announced, the dividend tax allowance will be reduced to £2,000.

The national insurance contributions (NICs) threshold is also increasing by 3 per cent and Class 2 NICs will now be phased out for 2019/20.

If you have a company car, tax will rise for all by the highest emission vehicles.

The residence nil rate band for Inheritance tax (IHT) will rise; the main rate band will remain unchanged. There could be changes afoot by the Autumn Budget, however, a review of IHT conducted by the Office of Tax Simplification is due to report around then.  

As for pensions, the minimum contributions for workplace pensions under automatic enrolment will increase. The lifetime allowance will rise in line with inflation (it’s been on a downward path since 2012).

Finally, both income tax and NICs will apply on all payments in lieu of notice (PILONs) in 2018/9.

If you want specific data, or clarification, contact Lansdell & Rose. We can help your practice to stay ticking away efficiently and profitably during the next financial year and beyond.

Other dental accountants also available. Nasdal.

 

Lansdell & Rose on 020 7376 9333,

Or visit www.lansdellrose.co.uk

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SEP
03
0

More Danger than Prosecco? by @DentistGoneBadd

Prosecco

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6951 Hits
OCT
28
0

Keep ‘Up To Date’ with Oral-B Seminars

Keep ‘Up To Date’ with Oral-B Seminars

 

 

Oral-B has released the dates for their next series of Up To Date seminars.  Each of these popular evening sessions will be comprised of two 45-minute lectures.

Prof Nicola West will be exploring clinical strategies to prevent and manage dental erosion. She will unveil the aetiology, susceptibility and impact of erosive toothwear as well as giving advice on preventative management and when to refer. (pictured below)

 

Dr Phil Ower will be reviewing the aetiology and classification of gingival recession, showing how to manage recession defects for different groups of patients and giving guidance on when it is appropriate to refer patients and what specialist care may be appropriate. (picture below)

Clinical dental professionals are invited to attend this complimentary CPD accredited evening event at one of seven locations:

 

London -3rd November 2016 – Hilton Hotel (Watford)

 

Edinburgh - 14th November 2016 – Houston Hotel

 

Bristol – 21st November 2016 – Aztec Hotel

 

Birmingham - 20th February 2017 – St Johns Hotel (Solihull)

 

Leeds - 9th March 2017 – Village Hotel (North)

 

Manchester – 27th April 2017 – Copthorne Hotel

 

Newcastle - 4th May 2017 – Hilton Hotel (Gateshead)

 

As well as two and a half hours of verifiable CPD every delegate is invited to enjoy a complimentary meal at the beginning of the evening.  Registration and buffet is from 5.45pm with the first lecture starting at 6.30pm.  The evening will finish at 9.00pm.

 

Spaces at these events are limited and are allocated on a first come, first served basis.  If you would like to attend register online at www.dentalcare.co.uk/uptodateseminars.

For enquiries please email This email address is being protected from spambots. You need JavaScript enabled to view it. or call 0870 2421850.

 

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5779 Hits
OCT
25
0

GSK Online Education Modules help DHCPs gain over 3000 hours of free verifiable CPD

GSK Online Education Modules help DHCPs gain over 3000 hours of free verifiable CPD

 

 

In April 2016 GSK, the manufacturer of Corsodyl®, Poligrip®, Sensodyne® and Pronamel®, launched four free certified CPD modules. Each provides 1.5 hours of verifiable CPD and so far over 2000 modules have been completed, meaning GSK has provided over 3000 hours of free, verifiable CPD to DHCPs across the country.

The modules focus on a range of topics including gum disease and the Basic Periodontal Examination (BPE), the effects of tooth loss and dentures for patients, the mode of action of NovaMin® in Sensodyne® Repair & Protect and the Basic Erosive Wear Examination. All modules can be completed remotely at a pace that suits the user. There is a selection of multiple-choice questions at the end of each module and, upon answering the questions correctly, the user is issued a certificate for completing the CPD module. 

GSK sees delivering quality education and CPD as a core part of its mission and strives to continuously meet the needs of DHCPs through online learning as well as face to face lectures.

Access to all modules, as well as information on GSK products, is available at www.gsk-dentalprofessionals.co.uk

 

-ENDS-

 

Product Information

Corsodyl Mint Mouthwash

 

Active Ingredient: Chlorhexidine digluconate. Indications: Plaque inhibition; gingivitis; maintenance

of oral hygiene; post periodontal surgery or treatment; aphthous ulceration; oral candida. Legal Category: GSL. Licence Holder: GlaxoSmithKline Consumer Healthcare (UK) Trading Limited, Brentford, TW8 9GS, U.K.

 

Information about this product, including adverse reactions, precautions, contra-indications and method of use can be found at:

 

https://www.medicines.org.uk/emc/medicine/21648

 

Trade marks are owned by or licensed to the GSK group of companies.

CHGBI/CHGOC/0036/16

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3655 Hits
JUN
25

Marketing your credit options correctly - Martin Gilbert Director of Chrysalis Finance

Marketing your credit options correctly - Martin Gilbert Director of Chrysalis Finance

Credit options are becoming increasingly important in UK dental practices. The increasing demand for elective dental treatments, combined with the ubiquitous search for cost-effectiveness, has made the provision of finance very attractive, and it can be an important USP for many practices.

However, even if a practice is offering credit options, it may be the case that they are not seeing the best return on this facility as possible.

This is simply due to the fact that many dental professionals lack the necessary marketing skills to properly promote the services they offer patients – and this could really be to their detriment. Indeed, opportunities missed through poor marketing can actually be the difference between a practice achieving and one that is excelling.

Your practice’s website is, perhaps, the most obvious place for you to start promoting your credit facilities. By making sure the information is easily accessible and easy to understand, any visitors to your website will immediately be informed of the options they have with you.

Similarly, maintaining a regular and consistent social media presence, in which patients are kept informed and included, can be a very efficient way of getting across a desired message. Posting information about credit options on your practice’s social media page is a sure-fire way of increasing your patients’ knowledge on how they can benefit from what you have to offer.

You could also include a message in your phone system’s ‘on hold’ message. Ideally, you don’t want your patients to be on hold for very long – but on the occasions where they do have to hold the line, it is good opportunity to promote your credit options (which will be far more useful to you, and less frustrating for your patients, than playing a tune like Greensleeves while they wait!).

Quite obviously, appreciating that these methods should and could be implemented and actually implementing them are two very different kettles of fish. Effective marketing takes time and considerable effort – two commodities that are too often in short supply for busy dental professionals. Therefore, it may be advantageous to recruit the services of an expert marketing team to help you come up with a consistent and appropriate strategy for your practice. Of course, it may present an upfront cost, but it is an investment that will almost certainly pay dividends in the future.

Of course, there is a very simple and effective solution: Chrysalis Finance, the UK’s only provider of simple, licence free credit options, also has the marketing savvy needed to help you and your practice get the very most out of their exceptional finance facility. Its services range from printable material, to assistance with your website, helping you ensure that your patients are up to date on the great finance options you can offer them.

 

For more information about Chrysalis Finance call us on 0333 32 32 230 or visit www.chrysalisfinance.com

 

 

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2932 Hits

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