For more questions/inquirues,&nbsp; feel free to reach out Mike Bryan here: <a href="http://www.humph.co.uk/">http://www.humph.co.uk</a> ——————————————————————— You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here &gt;&gt;&gt;&nbsp; <a href="https://www.dentistswhoinvest.com/podcastreport">dentistswhoinvest.com/podcastreport</a> ——————————————————————— Unlock the secrets to navigating the complex tax landscape for dentists with insights from Mike Bryan, a leading accountant specializing in dental practices. In this episode, we promise to demystify the advantages and pitfalls of operating as a limited company versus a sole trader, especially in light of recent tax changes. Mike takes us on a journey through the history of limited companies in dentistry, starting with the 2006 government decision that initially provided tax benefits, to the more recent changes in dividend and corporation tax that have shifted the financial advantages. Through real-life scenarios and practical advice, we explore how significant life events, such as purchasing a home or supporting a family, can influence your financial decisions as a dental professional. Discover when incorporation might be beneficial, like leveraging a lower-earning spouse or investing in electric vehicles and property. Learn the importance of regular financial reassessments and how increased private pension contributions could be a game-changer for sole traders. Tune in for a thoughtful discussion that underscores the dynamic nature of career trajectories and financial needs in the dental profession.

The Academy understand how to invest as a dentist

Explore the key differences between being a sole trader vs a Ltd company for dentists in 2024 with Mike Bryan in this informative episode.

Sole Trader vs Ltd Company for Dentists in 2024 | EP289

Sole Trader Vs Ltd Company For Dentists In 2024 with Mike Bryan DWI-EP289

The Academy Want to shortcut your investment education by years

Want to understand how to become as tax efficient as possible? Connect with Johnny here: <a href="https://www.dentistswhoinvest.com/reducing-tax-bill/">https://www.dentistswhoinvest.com/reducing-tax-bill/</a> ——————————————————————— You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here &gt;&gt;&gt;&nbsp; <a href="https://www.dentistswhoinvest.com/podcastreport">dentistswhoinvest.com/podcastreport</a> ——————————————————————— Explore the complexities of the UK's evolving financial landscape for dentists under the newly elected Labour government with our esteemed guest, Johnny Minford, a veteran in dental accounting. We unravel the potential shifts in income tax, NHS dentistry, pensions, and broader tax matters that could significantly impact your practice and personal finances. With Johnny's expertise, we aim to provide clarity amidst the uncertainties and ensure that you stay ahead of the curve. What does the future hold for capital gains tax and corporation tax, and how will these changes influence your business restructuring and retirement planning? Join us as we navigate the possible budget announcements and their timelines, offering strategic insights to help you make informed business decisions. Johnny also shares his take on the stability of corporation tax, capital allowances, and the broader economic impacts on sectors including agriculture and dentistry, ensuring you grasp the full picture. We also tackle the perennial issue of access to NHS dentists and its financial implications. Johnny lends his extensive knowledge to broader tax concerns, emphasizing the importance of synergy between practice owners and associates for mutual benefit. To wrap up, we discuss effective strategies for managing wealth within your dental practice, and highlight the Dentists Who Invest community—your go-to resource for achieving financial freedom. Don't miss our upcoming webinar on mortgages, packed with tips to further empower your financial journey!

Johnny Minford Want to Reduce Your Tax Bill

Discover what the new government means for dentists’ taxation in 2024 with expert insights from Johnny Minford in this episode.

Taxation for Dentists and the New Government Changes

Taxation As A Dentist: What The New Government Means For You with Johnny Minford DWI-EP288

You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here &gt;&gt;&gt;&nbsp; <a href="https://www.dentistswhoinvest.com/podcastreport">dentistswhoinvest.com/podcastreport</a> ——————————————————————— Ready to learn how to create a high-performance dental practice? Tune in as we sit down with Dr Ajay Verma, who transformed an old-school NHS dental practice into a modern, mixed practice brimming with success. Dr Verma shares his strategic insights and the importance of stepping outside comfort zones to achieve growth and profitability. He also discusses the challenges of changing established cultures within NHS practices and how he tactfully navigated these dynamics to realize his vision. Discover how effective delegation and team development can elevate your dental practice. Dr Verma explains why stepping out of clinical time to focus on business management is crucial and how trusting team members with responsibilities can enhance both patient care and staff satisfaction. Learn from practical examples, such as specialized training for dental implants and clear aligners, which highlight the growth and contribution of team members to the overall success of the practice.&nbsp; Explore the cutting-edge technologies and mentorship strategies that are revolutionizing the dental industry. Dr Verma illustrates the transformative impact of AI-driven software and CRM systems on practice management, and how these technologies can streamline tasks and measure performance effectively. The conversation also emphasizes the invaluable role of mentorship in reducing the learning curve and improving efficiency. By embracing change and technological advancements, you'll discover the exciting possibilities of creating a unique, high-performance dental practice poised for future expansion.

The Academy Want to become a DIY investor too

Learn how Dr. Ajay Verma doubled his mixed practice turnover and the strategies behind his success in this insightful episode.

Doubled My Mixed Practice Turnover | EP287

How I Doubled My Mixed Practice Turnover with Dr Ajay Verma DWI-EP287

You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here &gt;&gt;&gt;&nbsp; <a href="https://www.dentistswhoinvest.com/podcastreport">dentistswhoinvest.com/podcastreport</a> ——————————————————————— Curious about the financial opportunities and lifestyle differences between the UK and Dubai for dentists? In our latest episode of the Dentists Who Invest podcast, we promise to provide you with a thorough understanding of relocating to Dubai, featuring insights from Jeri Williams of Smooth Accounting. Jeri, who has firsthand experience of living and working in Dubai, shares invaluable advice on setting up businesses and managing finances in this vibrant city. Learn about the dynamic business environment that Dubai offers and how it compares to the UK's landscape, especially for dentists considering such a move. Moving to Dubai is not just about packing your bags; it involves understanding the visa landscape. We break down the entire process of obtaining a Dubai resident visa, clarifying the differences between tourist and employee visas. Through engaging personal stories, Jeri explains how setting up a business and self-employment can be strategic ways to secure residency. We also delve into the various visa types, including the coveted golden visa, and discuss the practical aspects of visa renewals and maintaining a business account in Dubai. Corporate taxation can be a maze, but we simplify it for you by explaining the 9% tax on profits over 375,000 dirhams and the rules around salary payments. We tackle the complexities of transferring a UK-based company to the UAE, emphasizing the need for professional advice tailored to individual circumstances. This episode is packed with essential tips on management charges, transfer pricing agreements, and the additional costs of doing business in the UAE, with specific considerations for dentists. If you're contemplating a move to Dubai, this episode serves as your comprehensive guide to navigating the financial and practical elements involved.

Jeri Williams shares her experience of moving to Dubai and the opportunities it presents in this episode of the Dentists Who Invest podcast.

Moving to Dubai with Jeri Williams | EP286

Moving To Dubai with Jeri Williams DWI-EP286

You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here &gt;&gt;&gt;&nbsp; <a href="https://www.dentistswhoinvest.com/podcastreport">dentistswhoinvest.com/podcastreport</a>——————————————————————— Unlock the secrets to balancing profitability and patient care in implant dentistry with Dr. Pav Khaira from The Dental Implant Podcast. Discover how prioritizing patient outcomes can naturally lead to financial success, as Dr. Khaira emphasizes the importance of continuous learning and skill enhancement. Throughout this episode, you'll gain insights into how a patient-centric approach, coupled with curiosity and the analysis of both successes and failures, can enhance both your practice’s bottom line and the quality of care you provide. Communication is key in every aspect of dentistry. Dr. Khaira from The Dental Implant Podcast shares valuable strategies for mastering both hard and soft skills, emphasizing the impact of effective communication on practice efficiency and patient satisfaction. Learn how to optimize appointment times, offer discounts for multiple procedures, and ensure a seamless patient journey from consultation to treatment. This episode also covers critical moments that shape a clinician's approach, offering inspiration and guidance for professionals at any stage of their careers. Enhance your dental practice with advanced techniques and a cohesive team. Dr. Khaira discusses the benefits of providing additional services like sedation and Platelet-Rich Fibrin (PRF) therapy, and debunks prevalent myths about implant placements. Understand the importance of maintaining quality while ensuring profitability through efficient techniques and streamlined procedures. Tune in to uncover Dr. Khaira's process for patient consultations, the necessity of competitive pricing, and ways to connect with him for further learning and training opportunities.

The Academy Discover Your Options as an Investor

Dr. Pav Khaira from The Dental Implants Podcast shares valuable insights into the business of dental implants in this episode of Dentists Who Invest.

The Business of Implants with Dr. Pav Khaira | EP285

The Business Of Implants with Dr Pav Khaira from The Dental Implants Podcast DWI-EP285

You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here &gt;&gt;&gt;&nbsp; <a href="https://www.dentistswhoinvest.com/podcastreport">dentistswhoinvest.com/podcastreport</a>——————————————————————— Ever wonder what it takes to achieve true time freedom and happiness? Join us as we uncover the secrets of mindset coach Tom Fortes-Mayer, who has mastered the art of balancing professional success with personal fulfillment. Tom reveals his transformative journey from working tirelessly to selectively engaging with high-impact clients, which has freed him to write, create, and spend precious moments with his children. He emphasizes that true joy comes from within, not from external accomplishments—a lesson that can fundamentally change how we perceive success. Imagine life as a chess game where each move shapes your path to success and fulfillment. We explore this metaphor to discuss the importance of facing challenges and the concept of working smarter, not harder. Through compelling stories and practical insights, we illustrate how prioritizing relationships and self-care can lead to a richer, more balanced life. This isn't just about avoiding burnout; it's about making conscious choices that ensure neither your career nor your happiness is sacrificed. In our final segments, we dive deep into the power of personal development and healing. Tom shares how addressing unresolved emotional baggage can clear mental clutter and boost overall well-being. We discuss how arrogance often hides insecurity and how recognizing these traits can help build a positive culture around you. By mastering your inner game and focusing on personal growth, you not only enhance your professional success but also cultivate a more fulfilling, balanced life. Don't miss this profound conversation on transforming both your inner and outer worlds for true, lasting success.

Learn how to get your time back and boost efficiency in your dental practice with Tom Fortes Mayer on this episode of Dentists Who Invest.

Getting Your Time Back with Tom Fortes Mayer | EP284

Getting Your Time Back with Tom Fortes-Mayer DWI-EP284

You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here &gt;&gt;&gt;&nbsp; <a href="https://www.dentistswhoinvest.com/podcastreport">dentistswhoinvest.com/podcastreport</a> ——————————————————————— Unlock the secrets of successful practice finance in the dental industry with insights from Jawad Anjum, the CEO and founder of Stanford Finance, who also owns several dental practices. In this episode, we explore the shifting market trends of 2023 and 2024, where a new preference for opening practices is emerging over acquiring existing ones. Jawad provides an in-depth analysis of the benefits and drawbacks of each route, including initial costs and potential profitability, while stressing the importance of aligning financial decisions with personal goals and preferences. Additionally, we debunk the myths surrounding direct finance versus using brokers for income protection and practice finance. Learn how brokers can often negotiate better deals due to their established relationships with lenders and understand the nuanced advantages of independent brokers versus in-house finance brokers. We also highlight the necessity of choosing a broker you trust to prioritize your interests. Finally, we emphasize the significance of maintaining an accessible online presence to ensure smooth customer interactions. Don't miss this episode packed with valuable advice for making informed financial choices in the dental industry.

Explore practice finance with Jawad Anjum and learn when it’s the right time to make moves in your dental practice’s financial future.

Is Now the Time for Practice Finance? | EP283

Is Now The Time For Practice Finance? with Jawad Anjum DWI-EP283

You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here &gt;&gt;&gt;&nbsp; <a href="https://www.dentistswhoinvest.com/podcastreport">dentistswhoinvest.com/podcastreport</a> ——————————————————————— Unlock the secrets to a secure and fulfilling retirement by tuning into our enlightening episode on financial freedom and retirement planning. We promise you'll gain invaluable insights into cash flow planning, understanding liquid assets, and building a detailed balance sheet, all illustrated through a compelling case study of Adam and Aisha, a dental practice owner and her husband. With my co-host, Anick Sharma, a seasoned financial planner, we explore the emotional transformation that comes with realizing financial freedom, offering you actionable strategies to map out your path to a worry-free retirement. Ever wondered how to navigate the intricate process of selling a dental practice while securing your financial future? Anick and I delve into the critical aspects of this journey, emphasizing the power of setting clear financial targets and leveraging cash flow models to make informed decisions. From mitigating business risks by transitioning value to personal assets to adjusting your financial plan in response to unexpected changes, we provide a comprehensive roadmap to ensure you maintain your desired lifestyle, even in unpredictable times. Lastly, we challenge the traditional retirement timeline, advocating for early retirement planning to enjoy life's pleasures while you're still physically able. Discover how conservative investment assumptions and a holistic financial perspective can help you achieve financial freedom without depending solely on business or property assets. Anick shares his experiences with clients who reached financial independence through pensions and ISAs, shedding light on the FIRE movement and the unique opportunities for dentists to boost their income. Get ready for a thought-provoking discussion that will inspire you to rethink retirement and take charge of your financial destiny!

Anick Sharma Want to know if you are already retired

Discover how a dentist can retire early with tips from Anick Sharma and strategies for a successful financial future in dentistry.

How a Dentist Can Retire Early with Anick Sharma | EP282

How A Dentist Can Retire Early with Anick Sharma DWI-EP282

Anick Sharma Want to know if you are already retired?

You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here &gt;&gt;&gt;&nbsp; <a href="https://www.dentistswhoinvest.com/podcastreport">dentistswhoinvest.com/podcastreport</a>——————————————————————— Can you imagine savoring the present moment while still pushing forward in your career? Property investment expert Dr. Jassy Sidhu, who has achieved remarkable milestones by the age of 37, joins us to share his innovative approach to balancing work and leisure through mini-retirements. He emphasizes the importance of valuing health over wealth, drawing inspiration from the perspectives of Jimmy Carr and Stephen Barnett. This episode is packed with wisdom on how to enjoy life now while building towards financial freedom, demonstrating that it's a continuum rather than a final destination. We also discuss Jassy's bold shift from residential to commercial property investments, highlighting the benefits of pursuing larger deals that bring higher returns with similar effort. Jassy takes us through his current project of converting a pub into a 17-bedroom HMO and shares key lessons from a missed opportunity with a 23-bedroom HMO. We break down essential metrics for evaluating bigger deals and the strategy of pulling out initial investments to keep funds circulating, ensuring continuous growth in the property market. In the final segment, we delve into the power of learning from mistakes and the inspiration drawn from the systemization of McDonald's kitchen layout as seen in "The Founder." Practical tips such as using checklists to manage busy schedules and maximizing space efficiency in real estate development are discussed. Personal anecdotes from both hosts and Jassy underscore the importance of sharing knowledge and motivating others on their journeys. Connect with Jassy on Instagram for more exclusive property investment insights and take the first step towards your financial freedom.

This is how Dr. Jassy Sidhu achieved financial freedom through property investment, offering insights for dentists to grow wealth and retire early.

Financial Freedom Through Property | EP281

Financial Freedom Via The Property Game with Dr Jassy Sidhu DWI-EP281

You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here &gt;&gt;&gt;&nbsp; <a href="https://www.dentistswhoinvest.com/podcastreport">dentistswhoinvest.com/podcastreport</a>——————————————————————— Can risk-taking truly transform your professional and personal life? Discover how Arun Sachdev, a specialist accountant for dentists, leveraged calculated risks to propel his business to new heights. In this episode, Arun takes us through the inspiring journey of his family's firm, Sachdev's Chartered Accountants, tracing its evolution from local VAT returns to a niche in dental accounting. Hear about the pivotal moments and strategic moves, including their serendipitous presence next to Dr. Bob Khanna at the Dentistry Show, which significantly boosted their client base. Arun shares the trials and tribulations of managing a dilapidated building lease, a saga filled with legal battles, financial stress, and even abusive letters. The story takes a dramatic turn at a client event in Dubai, where a candid conversation with his biggest client sparked a decisive action. With the support of his father-in-law's construction skills, Arun transformed the run-down property into a state-of-the-art accountancy practice, complete with a barbershop and residential flats. It's a compelling narrative about the rewards of perseverance and the courage to push beyond conventional business practices. Finally, we explore the delicate balance between risk, opportunity, and sound financial planning. Arun offers invaluable insights into aligning business decisions with broader life goals, using real-life examples to underscore the importance of honest self-assessment. From advising clients on tax-saving strategies to cautioning associates about the realities of becoming principals, Arun emphasizes the need for personalized approaches in both professional and personal contexts. This episode is a treasure trove of wisdom for anyone looking to achieve a harmonious blend of professional success and personal fulfillment.

Arun Sachdev shares insights on how tax affects more than just numbers offering dentists key strategies for optimising their tax planning.

Tax Is More Than Just Numbers | EP280

Tax Is More Than Just Numbers with Arun Sachdev DWI-EP280

You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here &gt;&gt;&gt;&nbsp; <a href="https://www.dentistswhoinvest.com/podcastreport">dentistswhoinvest.com/podcastreport</a>——————————————————————— What if mastering the art of sales could significantly enhance your financial success and improve your work-life balance? Discover the transformative power of effective communication in the latest episode where we challenge the common negative perceptions of sales, especially in the UK, and contrast them with the pragmatic American approach. By distinguishing the value of a product from the salesperson's approach, we reveal how effective description and communication of a product’s or service’s worth can reshape client perceptions and enhance professional success. Learn why, for professionals like dentists, articulating the value of their services is just as important as delivering high-quality care. Explore the critical importance of communicating value in clinical dentistry and how it can lead to greater financial success. We discuss strategies for balancing professional expertise with the ability to effectively convey benefits to patients, ensuring services are fairly valued without overpromising. Dive into sustainable methods for maintaining or increasing income while reducing workdays, achieving a better work-life balance. We also delve into short-term financial strategies that can drastically improve your quality of life, offering actionable steps to enhance your income today, reduce stress, and provide more free time for family, charitable work, or simply relaxation. Tune in to learn how effective communication and strategic financial planning can lead to immediate and long-term satisfaction.

Dr. James Martin reveals the one key to successful sales that every dentist should know. Unlock essential strategies for growth and impact.

The One Thing You Should Know About Sales | EP279

The One Thing You Should Know About Sales with Dr James Martin DWI-EP279

Want to become as tax efficient as possible? Connect with David here: <a href="https://www.dentistswhoinvest.com/david-hossein">https://www.dentistswhoinvest.com/david-hossein</a> ——————————————————————— You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here &gt;&gt;&gt;&nbsp; <a href="https://www.dentistswhoinvest.com/podcastreport">dentistswhoinvest.com/podcastreport</a>——————————————————————— Unlock the secrets to maximizing your dental practice's financial efficiency with our returning guest, David Hossein. This episode of the Dentists Who Invest Podcast promises to clear up the murky waters surrounding holding companies, particularly for dentists. David breaks down the intricate differences between directly owning multiple companies and implementing a holding company structure. With his expert insights, we examine scenarios where a dentist might own both a dental practice and a property company, and how lending money between these entities can be tax-free under common control. Our conversation sheds light on the advantages and disadvantages of adding a holding company into the mix and stresses the need for meticulous planning to minimize future tax burdens. Navigate the complex world of tax strategies and discover the significant tax implications of owning a dental practice through a holding company. David delves into the substantial shareholding exemption, explaining how it allows for tax-free capital gains within the holding company while personal access to those funds triggers hefty dividend taxes. Compare this with the benefits of entrepreneur's relief when owning a practice personally. Finally, we discuss the potential impacts on capital gains and inheritance tax, summarizing the pros and cons of holding companies. This episode is a must-listen for dentists seeking to optimize their business structure and minimize tax liabilities—consulting with an accountant is crucial to making informed decisions.

David Hossein Want to become as tax efficient as possible navy

David Hossein discusses whether a holding company is the right choice for you, offering valuable insights into its potential benefits for dentists.

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