Valuation Policy Change
07-01-2016At Frank Taylor & Associates we specialise in valuing dental practices and when doing this hundreds of times a year we get a good handle on the market and how it is changing. As with most markets things change and in dentistry it is the demand for dental practices that heavily impacts on their value. … Continue reading “Valuation Policy Change”
Use your Freehold to Reduce Your Tax Bill
08-12-2015You may be aware of the ability to claim Capital Allowances against your commercial freehold property – such as the premises your dental practice operates from. If not then full details are here. If you have purchased a commercial freehold between April 2013 and April 2014 then you could potentially claim back 10% of the freehold … Continue reading “Use your Freehold to Reduce Your Tax Bill”
Workplace Pensions – take action before 20 Nov!
12-11-2015The new law referred to as ‘Auto Enrolment’ is now in force which makes it a legal requirement that every employer regardless of size must automatically enrol their employees into a workplace pension scheme. Due to costs being imposed by the scheme providers there will be a £360 to £600 fee to register a scheme … Continue reading “Workplace Pensions – take action before 20 Nov!”
How to Avoid the 5 Most Common Mistakes When Selling a Dental Practice
03-11-2015When it comes to selling your dental practice you will only get one shot to get it right so it really matters you are well informed and prepared. It is absolutely possible to sell your dental practice yourself without the need for a sales agent, however, given the value of this asset most tend to … Continue reading “How to Avoid the 5 Most Common Mistakes When Selling a Dental Practice”
Goodwill Values Continue to Out Perform NASDAL Survey
20-10-2015The ranges reported in the NASDAL survey show the inherent risk of taking averages – the country has such a wide and varied range of goodwill values it is always important to treat your own practice as individual. There is a recurring theme as I compare the NASDAL results to those achieved by Frank Taylor … Continue reading “Goodwill Values Continue to Out Perform NASDAL Survey”
Quick access to information can make all the difference!
17-09-2015We know there’s a lot of competition when looking to buy a practice and serious buyers are no doubt well aware of how quick they need to move for the most desirable of practices given the current market. We currently have over 4,300 dentists registered with us so for those who want to make buying … Continue reading “Quick access to information can make all the difference!”
Selling your practice? 5 things to think about.
10-09-2015So you’ve decided to sell your practice? You’re moving to a new area? Retiring? Fancy a change? Although each seller may have a different reason for selling; the end result remains the same. To maximise the sale price and have the process as stress free as possible. So before you sell your practice, consider the … Continue reading “Selling your practice? 5 things to think about.”
Not for the Fainthearted!
08-09-2015Right now, you are heading towards The Pension Regulator’s list of non-complaint firms. There is a clear process and immediate fines for businesses that are operating illegally. If you receive a letter – here’s what you’re in for: A fixed penalty notice of £400 for a breach of the law Further escalating penalty notices with … Continue reading “Not for the Fainthearted!”
Workplace Pensions – Do you know the Answers?
18-08-2015When considering which scheme is right for you there are a few critical questions you need to know the answers to or you could be heading towards an administrative nightmare. Who offers pensions and who will offer you one? What do the different types of pensions do? How do you choose the right pension? How … Continue reading “Workplace Pensions – Do you know the Answers?”
How to Make a Winning Offer
05-08-2015So, you view a practice and like it – in fact like it so much you want it. You put in an offer (along with many others such is the market). All going to plan so far. As there are multiple offers made you are invited to place a ‘sealed bid’. A sealed bid is … Continue reading “How to Make a Winning Offer”
