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Dental professionals face a pivotal decision that can drastically affect their financial future: operate as self-employed or through a limited company? The tax landscape has shifted in 2025, making this choice more consequential than ever.

Specialist dental accountant Amman Sarkaria joins us to dissect the fundamental differences between these business structures from the ground up. We examine the legal implications – how self-employed individuals remain personally liable while limited companies offer asset protection through separation between personal and business finances. This distinction extends to taxation, with limited companies allowing strategic combinations of salary and dividends that can lead to substantial savings.

Through a detailed worked example, we reveal how a dental associate earning £130,000 could save approximately £25,000 annually through proper limited company structuring. The numbers speak for themselves – self-employed dentists face combined tax and student loan payments approaching 50% of earnings, while limited companies can significantly reduce this burden.

Beyond basic structure, we explore an arsenal of tax-efficient strategies available to limited company directors. From purchasing electric vehicles (with 100% tax deduction potential) to employing family members, utilizing annual events allowances, implementing trivial benefits, and structuring home office expenses – each represents an opportunity to enhance your financial position. We even delve into advanced planning through holding company structures for those with significant business cash reserves.

The podcast isn't just about tax minimization. We balance potential advantages against important considerations like NHS pension scheme membership, maternity benefits, and IR35 compliance. Making the right choice requires understanding your personal financial goals, cash flow requirements, and long-term plans.

Whether you're starting your dental career or reassessing your existing business structure, this comprehensive breakdown provides the knowledge you need to make informed decisions. Ready to transform your tax efficiency and financial future? Listen now and discover which approach aligns with your professional 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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