Compass Accounts

Compass Accounts I help dentists and dental practice owners save tax and keep more of their 👉

I am an ACCA-qualified accountant and the founder of Compass Accounts, with early career experience at Crowe UK in London. Over the years, I have built a strong background in accounting and tax planning, combining technical expertise with a personal approach. Through Compass Accounts, I help dentists and dental clinic owners across the UK manage their finances, reduce tax, and grow with confidence

. My focus is on making accounting clear, practical, and stress-free, so clients can concentrate on their patients and business goals.

Is Your Cosmetic Dentistry Income Really VAT Exempt? 🤔🦷 Description:⚠️ Dentists, are you sure all your private and cosm...
28/08/2026

Is Your Cosmetic Dentistry Income Really VAT Exempt? 🤔🦷

Description:
⚠️ Dentists, are you sure all your private and cosmetic dentistry income is VAT exempt? Not all private dental income automatically qualifies for VAT exemption.

While dental care and treatment provided for healthcare purposes is generally VAT exempt, purely cosmetic procedures may be standard-rated. 🦷💷

Cosmetic dentistry should be reviewed case by case, especially when the treatment involves whitening, aesthetics, or other cosmetic work. Good clinical notes can also help demonstrate the purpose of the treatment. 📋

Before growing your cosmetic dentistry income, make sure you review the VAT implications. A small assumption today could lead to a costly VAT issue later. ⚠️

Can Dentists Claim CPD & Training Costs? 🤔🦷💰 Not every CPD or training course is automatically tax-deductible! 👀If the ...
27/08/2026

Can Dentists Claim CPD & Training Costs? 🤔🦷💰

Not every CPD or training course is automatically tax-deductible! 👀

If the training improves skills and knowledge you already use in your dental practice, keeps you up to date with dental technology, or helps you adapt to industry changes, the costs may be allowable. 📚🦷💻

However, training to start a completely new or unrelated business is treated differently. ⚠️

Before booking an expensive course, it’s always wise to check whether the cost may be claimable. Keep your course invoices, booking confirmations, travel receipts, and course descriptions organised. 🧾📁

Smart tax planning starts before you spend. 💡

Bought Your Loupes Before You Started Working? Could They Still Be Tax Claimable? 🤔 New dentists often buy essential eq...
26/08/2026

Bought Your Loupes Before You Started Working? Could They Still Be Tax Claimable? 🤔

New dentists often buy essential equipment before earning their first self-employed income — but did you know the timing and use of the purchase can affect its tax treatment? 🦷💼

From dental loupes and scrubs to instruments, laptops, and dental software, keeping your invoices and purchase records from day one is essential. 📄✨ If equipment was bought before you started trading or used personally first, the value used for tax purposes may need careful consideration.

🚨 Don’t make the mistake of throwing away receipts just because the purchase happened before your first payment.

Keep your paperwork, track your equipment, and get the right tax advice before making a claim. 💡

Did you know the timing of your dental equipment purchase could affect when you get tax relief? 🦷💷 Buying expensive den...
23/08/2026

Did you know the timing of your dental equipment purchase could affect when you get tax relief? 🦷💷

Buying expensive dental equipment isn’t just a business decision — when you buy it can matter for your tax relief too. 📅

The Annual Investment Allowance (AIA) can allow qualifying plant and machinery to be deducted from taxable profits, potentially helping dental practices manage the tax impact of major equipment purchases. 💡

With the allowance currently up to £1 million for qualifying plant and machinery, planning the timing of a purchase around your accounting year-end could make a difference. 📊

⚠️ One common mistake: purchasing a major piece of equipment just after your year-end and unintentionally delaying the tax relief.

Before making a significant equipment investment, speak with your accountant and check whether the timing works in your favour. ✅

Could Your Dental Equipment Be a Tax-Saving Opportunity? 🦷💷 Bought loupes, scanners, cameras, dental chairs, IT equipme...
22/08/2026

Could Your Dental Equipment Be a Tax-Saving Opportunity? 🦷💷

Bought loupes, scanners, cameras, dental chairs, IT equipment, or other surgery equipment for your practice? 🧐 Don’t assume every purchase should simply be treated as a day-to-day expense.

Some dental purchases may qualify as capital expenditure and could be eligible for capital allowances, potentially reducing your taxable profits when treated correctly. 📉💰

The key is getting the tax treatment of dental equipment right from the start. Keep your invoices, identify qualifying assets, and check how each purchase should be treated. 🧾✅

Could you be missing out on capital allowances for dentists? Let’s make sure your dental practice expenses are handled correctly. 👇

Could your dental company be making smarter pension contributions? 💡🦷 For dentists running through a limited company, e...
21/08/2026

Could your dental company be making smarter pension contributions? 💡🦷

For dentists running through a limited company, employer pension contributions can be a tax-efficient way to extract value from the company—without simply taking everything as salary or dividends. 📊💷

A company may be able to claim Corporation Tax relief on employer pension contributions when the payment meets the relevant deductibility rules. But there’s an important catch: the contribution must be wholly and exclusively for the purposes of the business. ⚖️

And before making a large contribution, don’t overlook the annual allowance, business purpose, and timing. One wrong assumption could create an unexpected tax issue. 🚨

If you’re a limited company dentist, dental practice owner, or private dentist, reviewing pension contributions before your company year-end could be worthwhile. 📅

👉 Always check the position with a qualified accountant or tax adviser before making significant pension payments.

🦷 Do Dentists Really Need Both an NHS Pension & SIPP? Having an NHS pension doesn’t always mean you should ignore a SIP...
17/08/2026

🦷 Do Dentists Really Need Both an NHS Pension & SIPP?

Having an NHS pension doesn’t always mean you should ignore a SIPP. But does adding a SIPP make sense for your retirement strategy? 🤔

NHS dentists may already be building valuable pension benefits through superannuation, while a SIPP can provide additional flexibility for private income and long-term retirement planning. 📈💷

The important part? **Pension limits matter.** Your NHS pension growth can count towards your Annual Allowance, so additional SIPP contributions need careful review. High-earning dentists may also face the **Tapered Annual Allowance**.

⚠️ The mistake is focusing only on tax relief while overlooking pension limits.

👉 Review your **NHS pension, SIPP and Annual Allowance together** before making additional contributions.

Dentists, could your pension contributions reduce your tax bill? 🦷💷 Pension contributions aren’t just about planning fo...
14/08/2026

Dentists, could your pension contributions reduce your tax bill? 🦷💷

Pension contributions aren’t just about planning for retirement — they can also play an important role in tax planning for dentists. 📊💡

If you contribute to a personal pension or SIPP, basic-rate tax relief is usually added automatically. Higher and intermediate-rate taxpayers may be able to claim additional pension tax relief through Self Assessment.

For Scottish dentists, understanding the Scottish Income Tax bands is especially important, as higher-rate exposure can occur at different income levels. 🏴📈

A properly planned pension contribution may also help reduce adjusted net income and potentially protect part of your Personal Allowance.

⚠️ The mistake? Making pension contributions but failing to claim the additional tax relief correctly.

📌 Action: Review your pension contributions and available tax relief before submitting your Self Assessment.

💬 Speak with a qualified tax adviser to understand how the rules apply to your individual circumstances.

🦷 Dentists, could a SIPP help you manage your pension & tax? A Self-Invested Personal Pension (SIPP) can give dentists ...
11/08/2026

🦷 Dentists, could a SIPP help you manage your pension & tax?

A Self-Invested Personal Pension (SIPP) can give dentists more control over where their pension savings are invested — but for higher earners, it’s also important to understand how pension contributions interact with taxable income, annual allowance limits, and NHS pension planning. 💷📊

If your income is pushing you into a higher tax band, pension contributions may offer valuable tax-planning opportunities. However, contributing without checking your annual allowance and NHS pension growth could lead to unexpected tax consequences. ⚠️

👉 Before the tax year ends, take a moment to review your overall pension position and make sure your strategy is working for you.

💬 Want to understand how a SIPP could fit into your pension strategy? DM “SIPP” for guidance.

🦷 Is Your Dental Practice Financially Healthy? Regular dental check-ups keep your patients healthy—but when was the las...
01/08/2026

🦷 Is Your Dental Practice Financially Healthy?

Regular dental check-ups keep your patients healthy—but when was the last time you gave your practice finances a check-up? 💷📊

An annual dental finance review helps you stay ahead of Making Tax Digital (MTD), forecast your tax bill, maximize allowable business expenses, plan equipment purchases, review your NHS and private pensions, and ensure your VAT and business structure are working for you—not against you. ✅

Smart financial planning isn't about reacting at tax return time—it's about making informed decisions throughout the year. The earlier you review your finances, the fewer surprises you'll face later. 📅💼

Book your annual dental financial health check with Compass Accounts and keep your practice financially fit all year round. 🚀

Address

London

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Website

Alerts

Be the first to know and let us send you an email when Compass Accounts posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Compass Accounts:

Shortcuts

Featured

Share

Category