Dental practice owners – How to maximise value and minimise tax!
Saturday, October 19, 2019 13:45 - 14:15
Aims
The aims of the presentation are to raise awareness of practice owners in the following areas:
Maximising value - of what?
Fees - the 4 ways to grow a practice (with references to Paddi Lund)
Profits - using Benchmarking to increase profits
Goodwill value - how is goodwill valued, what is EBITDA (the standard measurement of profits), what can practice owners do to maximise value?
Pensions - how can you build a large pension fund, but be careful, there are limits
Tax - what taxes? (income tax, IHT, CGT and pension taxes, and possibly corporation tax). What sensible steps can be taken to minimise the tax you pay?
Objectives
For attendees to be aware of the key issues in relation to practice profit and value, and pension fund maximisation, and how they might influence them.
To be aware of sensible tax planning strategies (nothing which incurs significant risk).
Overall, how to MAXIMISE VALUE, MINIMISE TAX.....and be happy!
Alan is a Chartered Accountant and Partner in UNW LLP chartered accountants where he is Head of the Dental Business Unit which looks after approximately 500 dentist clients throughout the UK.
Alan writes regularly for the dental press, and presents at BDA seminars.
He is a member of the National Association of Specialist Dental Accountants & Lawyers (NASDAL), a member of the technical committee, and chair of the NHS Superannuation committee. He is the editor of the quarterly NASDAL goodwill survey which analyses all member client practice sales, purchases, and valuations.
Alan is also a member of the Association of Specialist Providers to Dentistry (ASPD).