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  • all right.

  • Good evening, ladies and gentlemen.

  • I am dominant off dental focus.

  • Thank you very much for joining me this evening for the dental focus.

  • Webinar on today's oval.

  • This evening is a very special one.

  • As I am drawing for joining with the money for dentist group s O.

  • I have special guests.

  • Richard Lishman, who is in the parlor off my dentist on Buliok, who is a opponent or the confident is uncharted tax advisor.

  • Both are off screen at the moment, but they will be coming in her short.

  • It's a join me on dhe.

  • Today's women are a CZ you would have seen is about I offer if I for associates, we're gonna be discussing quite a few areas.

  • I've got to race interesting individuals who are specialists in the financial field.

  • Andre will be talking about seven essential tips to manage the risk off yourself employment status.

  • So we're going into a little bit of the history of while I thought if I was come about what it means for the associates out there and how well the criteria around it, I committed gated and other other bits of free advice.

  • If they would have to give out.

  • We also have a couple of interesting dental focus announcements.

  • So if you stay tuned, you'll hear a little bit more about a recent march of ours, which is a gentle focus on.

  • We also have something very exclusive for dental focus clients.

  • Which again, as I said, I'll be showing at the end of this weapon off.

  • So introducing a couple of very unique individual Thanks.

  • Good.

  • I don't know if I can still be that I am still here.

  • Yeah, thanks.

  • Good evening, everybody.

  • Thank you for joining us this evening.

  • So what I like to do just before we kick off into things I mean, we're gonna be covering a couple of different areas, but, you know, you guys were finding the central vantage device for dental associates Central tax advice on dhe.

  • I'll be talking about attracted by patients for dental socialism.

  • I suppose we can all kind of cover that bit, but didn't want to show off for the people out there that don't necessarily know you very well.

  • Um, just a little bit more about what you guys do in terms of Web site or where they can find you So go the money for dentists website, which is, as it is, money for dentists dot com.

  • And, yeah, we've been winning over 20 years on one of the founding partners.

  • Bean been interesting all the time.

  • We have specialized.

  • Advising dentists exclusively dentist in their families for that time were independent.

  • It also interesting work from So the tax prom in a swell A CZ investments Pensions N hs analyses consultancy.

  • Interesting.

  • Yeah, definitely on.

  • Yes.

  • So I had the accountants four dentists on that said, out of the group that looks, after all, the tax compliance tax planning for dental associates practice owners on way.

  • We've been working within the sector while I've been in the sector for the last 20 over 20 years.

  • 1994 qualified a CZ group of us within within the practice that that deal only with dentists suddenly real niche area on some really good expertise way all worked very, very closely together.

  • You know, Richard and I add up the money for dentists and accountants.

  • For then, it's his father's business way also worked closely with the lawyers for dentists on practices dentists.

  • So So it's a really good way of working very closely is a tight knit team living at your complete service told potential clients won't stop short dentist message from the profession says Yeah, well, yeah, Com is really good because yes, because you say you send the other areas to what you just It went really well because time you've both been speaking just pages todo everything that.

  • Yeah, exactly.

  • But we'll go back to think so.

  • Um, is it today?

  • We're gonna talk about five.

  • Spirit the new things.

  • So I was just getting into it.

  • What is it for?

  • Those individuals out there watching at the moment?

  • What are we dealing with?

  • What is this beast?

  • Sorry, it's the whole pie are 35.

  • It's all based around.

  • Are you Are you employed or are you self employed on?

  • Actually, more recently, there's another status which which falls in between employees and self employed.

  • And that's the status off work up so on.

  • And that's that's, um, that's go back in the last couple of years.

  • But in a nutshell, I are 35.

  • It's being around the last 20 years.

  • April 1999 was when it was first proposals came out on the problem.

  • The problem.

  • Waas that many in the i t industry.

  • A lot of a lot of from I T consultants were employed by large Corporates one day on there as employees going their tax deducted your national insurance.

  • And then the next day they were setting up a limited company.

  • I go back to work for the same employer of There's a limited company on what that will do is it just meant that they rate Thio have lots of all tax savings.

  • So you know they have family members on the shareholders in the company that paid themselves a low salary.

  • They're putting their is expenses through the company.

  • There's no national insurance on dividends, so they were able to to manage and mitigate the tax liabilities a lot more than they rarely t directly employed.

  • Right?

  • So a long time hater, Marcie, many What's going on here way don't like what you're doing here, because this is This is a massive amount of tax being lost.

  • So So So.

  • They then introduced this concept of I R 35 and on the A moi CE to wet, where contractors were operated through what's called personal service companies limited companies where contractors were operating through personal service companies.

  • HMRC would take what was supposed to take a close look as to where they really employees rather than self employed right on.

  • If they were deemed to be employees, then the person service company would need to operate P A y national insurance.

  • All, uh, that that was doing the real thrust of it on that continues to be distrusted by off five say, And now some of some of the challenges that HMRC have waas resources so watched.

  • I are 35 was formally introduced in 2000.

  • Pension Lassie just didn't have enough results to you two to enforce it.

  • So, you know, 10 years went by.

  • Hardly any tax enquiries on i.

  • R 35 um, personal service company directors were it was up to them to self report.

  • There was a self policing exercise.

  • And given that opportunity to self police what what do you want?

  • Your Ugo, you still get the O on dhe around a big industry developed to work around with the I R.

  • 35.

  • So you know it's been around for 20 years.

  • The 1st 10 years it's a lot of noise, but not really a great deal of action.

  • No.

  • So some of the indicators off that HMRC would be looking at Thio for a person service companies to fall within the regime off things like, you know, you know, as an employee you'd be you'd be supervised directly by the employer and telling you what to do.

  • They'd be controlling what?

  • You what you were doing.

  • So these are these are the areas that would look at it, right?

  • If you're unemployed, you got control substitution.

  • You know, if I was an employee, I thio substitute something else turned into something else.

  • Has employees.

  • I couldn't do that.

  • So is, does the person service company have a writer substitution, right?

  • And do they actually send other people to do the work?

  • You know?

  • Are they really in business?

  • And you know, the kind of things that we're looking at all.

  • You know that if you are really in business, you have a web site.

  • You're probably my dental focus.

  • Great.

  • You have You have lots of different clients.

  • Busy starts, business letterheads, advertising.

  • You have employers liability insurance.

  • Where where?

  • There's family members employed by a company.

  • So So who's equipment you're using?

  • Is there any risk?

  • Really, is a really risk in the way that you're working.

  • So So these are the kind of tests that hmrc would look at you so far.

  • You know, I haven't seen one case in the last 20 years that I've bean in industry, where he hmrc have bean that successful in applying the aisle 35 tests so that they are still struggling Tiu Tiu to implement those rules.

  • Well, there was that particular case in Chattanooga.

  • Yeah, where there was a couple of European dentists that came across to the UK, working for course, and based on their tax position in Europe, they were under the impression when they joined the culprit in the UK that they were important.

  • And then when they actually left that particular practice, they went to tribunal because they haven't paid any tax.

  • Okay, I went to the course on Dhe, basically, at the course, I'm in favor off the and the individuals, then the culprit have to pay the back taxes and national shoes, which was obviously a considerable, So yeah, they get them.

  • And when you get cases like this will become more and more frequent, unfortunately, and with the introduction of auto enrollment, pensions and which is separate this.

  • But you've got to remember that the questions for an individual, whether they should or shouldn't be enrolled into the scheme on related to if they're important, seven board.

  • It's if they have used today staff room.

  • If they are restricted on how much holiday that he could take each working hours things that that which is very, very similar to what actually pizza boxes of most.

  • So she's actually in those circumstances.

  • They face base dentists.

  • Think salt traders thing with I are fatal Fires doesn't only apply Thio whether it's an internal injury, so cute fuel.

  • If the associates operating through a limited company, uh, then then I'll 35 can apply it.

  • If you're self employed, then you won't.

  • You won't get caught my eye or 35.

  • But there's another challenge where, which is exactly what happened in this particular case with the European dentist, whether what self employed on the courts held that they were actually, I think the way they were working classes, employees without that's where wth e practice thought it would be p a short.

  • Generally, if you're so trade self important associate, then I'll 35 probably won't.

  • Where would be a risk for years Anywheres elected company or another in Tunisia, re partnership foreign agents or something like that?

  • Um, I actually want one thing that HMRC, even in their own manuals, do say, Is that?

  • Is that where your your associate contract for those, all those beady a contract?

  • What?

  • One thing that it goes on to say that what do you have a B D?

  • A contract where in terms of saying you need to be and you need to be following that contract as well.

  • So what's in writing on what actually happens?

  • Need to be the same.

  • So where's mediated contract in place on your following those terms, The hatred Marcie manuals say that you are self employed.

  • I mean, you won't get tasked as an employee, so that's in the manuals.

  • But they're all some recent cases.

  • Where you, um, Pimlico plumbers?

  • What else was the absently Hermes, where there was a bit of 1/2 way halfway house where they were genuinely self employed, but wth the employment tribunals found that they were clusters.

  • Workers have workers rights.

  • So Pimlico Plumbers, for instance, and having thio make payments for holiday pay Sastri sick pay auto enrollment.

  • You know there was rights too, You know, stashing sick pain returned to pay.

  • So if you so it's possible to be a worker.

  • Um, be self employed.

  • But, you know, still still get to your practice ona for your paints that you normally get a zoo employees.

  • Actually, that's more of a risk for the practice.

  • Sonia's.

  • I haven't come across any cases yet where practices be challenged vayan employment tribunals for workers rights.

  • But I think that something will possibly be seeing more off over the coming years.

  • Yeah, Yeah, it was gonna ask, Do you think there's a crackdown?

  • Dental associates in Gaza fight while at least as he said, they might be.

  • What?

  • They were gonna be something coming very soon, but it certainly lacked.

  • Last year, HMRC will right into two associates.

  • I wanted to look at their working arrangement with practice on.

  • That wouldn't necessarily be.

  • Look at the work is right.

  • What it would have done is because if you're self employed, anything for your tax liability is probably going to be about safe room.

  • You might get to put some extra costs through tax deductible costs if you're self important.

  • But generally the tax liability will be about the same.

  • What HMRC will be looking to do, is they.

  • If you didn't have a big erased our contract, the only word following terms of the contract, then HMRC would like to go to the implore but to the practice owner and say all wrong.

  • All of these self employees associates are actually employees, so we would like employers, not insurance on all the payments that were made to whom for 30 points.

  • So So that's really an avenue that HMRC has being going down.

  • Definitely last year, those electors that went out.

  • I don't know what the outcome of those has been yet, but that you associate death on the radio.

  • Okay, okay.

  • On the industry's on radio.

  • Yeah, but the principal sounded happy taking a hit for almost 40%.

  • Well, of course, that we're seeing that So shoots getting paid 35%.

  • Um, where's the extra?

  • The full team Second, generally, it's not a principle.

  • It's unfortunate.

  • Socially.

  • Oh, yeah, yeah, yeah.

  • So over would be in their best interest to be a contract, Will.

  • You're self employed.

  • Well, you gotta look even little things around.

  • So, you know, if you are self employed, make sure you are following the terms of that.

  • If you have a social contract, you know, make make sure a BB eight prove contract in place that probably more point for the practice bonus.

  • Even as a nest, we'll make sure Contract?

  • Yes.

  • Way.

  • Actually.

  • See what a lot of associates and principles don't have any contracts.

  • Also, a little agreement whatsoever on the just.

  • And also, we have a lot of principles that presented the contracts and agreements to their associates, But they're not sound so that's also interested, right?

  • Why is that?

  • Their reason is interests, but it could be They're not comfortable with the terms and conditions.

  • You know, we see all sorts of different different causes in these agreements, which never recommended the client side booth principles not about to change.

  • You've got stale.

  • Now.

  • The downside is, if associates continuing to work at practice, right.

  • You do that?

  • Yeah, absolutely.

  • Yeah.

  • Say yeah.

  • Sometimes that arrangements just being handshake.

  • You're on track.

  • Seven plays through then that then opens the door for HMRC, too, changed the state.

  • It's off the associates on on.

  • Potentially, they could deny, actually, because they say, Well, you know, you're saying you're self employed, but actually your employees and it's an employee.

  • You get a tax deduction, these pots.

  • So making sure that there's a formal contract in places.

  • Absolute priority.

  • Yeah, there really is.

  • Yet, because otherwise got Jenny not to go.

  • Andi.

  • A lot of typically us with interest rates, is they work practices were also against.

  • Not necessarily, but way puts you that, you know, do two days.

  • One place in two days in the one day of practice.

  • Uh, that doesn't necessarily me that ill fated five or the employment status is not going to apply because these rules can be applied individually to those three, um, conference.

  • Right.

  • So even if you're only working fix Monday, Tuesday at one place?

  • Yeah, I can still look at that and say that you boy himself employed film when they accused, employed self important.

  • You stay there.

  • Is it?

  • So you say?

  • Yeah.

  • You still cause it's a firewall.

  • It's, you know, it's for barrier on leave, You know, suggests that General self importance, but it's no guarantee you finally turn a low prices.

  • They there are genius therapists when they're suffering, but that's a great risk to the practice.

  • Absolutely.

  • Yeah, we see that bolt action where genius and therapists are self, you know, another day within that.

  • Why is that a greater risk to the actual principle?

  • Because, really, they should be in Port O Okay.

  • Yeah.

  • No, they're not.

  • They're not covered by the United States manuals.

  • Eso the lightning is that the high genius will be working a fixed number of hours again using their own equipment.

  • You know, dentists have specifically bought.

  • I think that code by Hmrc Bonk Statesmen it's genius.

  • And there is less so that this war that's a risk of principle.

  • Any principles?

  • Yeah, You need to be careful on the definitely workers rights kick in again there.

  • And importantly, one of the key tests for being a worker is the rice institution.

  • So if there's a limited run of substitution, in other words, cannot ideas send somebody else to do her work without getting prior approval from the practice sewn up?

  • Probably thought then she's most likely going to work, entitled to holiday pays music a little bit.

  • Is it?

  • Yeah.

  • It's an extra possible practice.

  • So So, Yeah.

  • Challenging, challenging times.

  • Yeah.

  • Wow.

  • So thank you very much so that that I suppose a specimen cool is, you know, but it's a lot thinking, but I think it's really good how you instructed it.

  • And just kind of label No, the criteria.

  • What?

  • What?

  • What constitutes is being in a car outside.

  • They have the self employed or unemployed practice, which is good in that space is on this side, which is the control.

  • The right to substitute on the show me, Travis.

  • Yet understanding that what will be divided.

  • Okay, fantastic.

  • Okay, so its movements in it.

  • So then so why is a 35 important good question so I guess secure.

  • If you are operating as a limited company, young associate, you'll be used Thio sending in reports in having a lot of bills did up turd on getting paid a net amount.

  • You know, you may don't declare all of your profits and dividends, so you're you're you're decide how much money dividends you want.

  • Thio declare each year, which gives you a bit more control over the amount of tax that want to pay when you want to pay it.

  • The second thing is on those dividends.

  • This is no Nash insurance.

  • So you're making a tax saving their okay Now, if you fall within I'll 35 then the money that you're getting on your invoice, you need to be paying me a way National insurance on it.

  • So straight away, you know the tax benefit off managing your dividends.

  • Morning.

  • Your salary was just taken away because for every pound comes in, you need to apply P a y number insurance paid every month.

  • Tohno.

  • I'll see right, So so that That's why it's important, because it directly effects what your tax liability is going to be on.

  • It's now becoming more more important because having largely being asleep over this whole I are 35 issue.

  • That's 20 years HMRC have finally come around on in 2017.

  • They they changed the rules completely.

  • Okay, so rather than self policing, what hatred Marcie introduced in 2017 was that for all public authorities, So that includes the N hs increase, BBC and HMRC.

  • If you're operating as a limited company for those organizations, the responsibility to account for tax and decide what your employer self employed now fools on the engagement.

  • So the n hs decides whether you want for yourself.

  • Okay?

  • You said it puts the onus on the engagement.

  • Okay, so suddenly, since April 17 uh, any, uh, personal service company or dented associate or pharmacy?

  • Slope advances.

  • We've been working for the n a chest.

  • Be having tax deducted absolutes on the divorces and send it.

  • Um, yes, he doesn't want to do anyway.

  • Have been claiming that?

  • No, they can challenge the status.

  • Yes, they can appeal the status, but that the only way they get their tax back it's hate by HMRC can go back to the N.

  • H s s a, you know, some employed because the any chest will say so.

  • Way left with the risk of a huge tax market team that we have to find.

  • So that's the first thing that's happened.

  • Second on those contracts, the public authorities are having to pay the employers national insurance who has an extra cost for the engaging authority.

  • So 34 it's a pound ignoring all the, you know, getting enough for every pound he had enough insurance is deducted, plus another 13.8% top has to be paid.

  • That's it.

  • It's a dire it cost for the engagement.

  • So so that that's that's strong.

  • 18.

  • 17 on DDE March 19 2 months ago, they rode out some details pools Thio apply the same criteria in the same tax deduction source to the private sector.

  • Oh, so this is where things are really going to start eating over there.

  • So So, basically, from April next year, they're saying he was gonna find the private sector.

  • Okay, so particularly in dentistry to the large corporate, you know, if the turnout reserve a 10.2 million gross assets, I want my dentist, this world.

  • Yeah, 50 employees.

  • So if they take two of those boxes, then from April next year, every single something Lloyd Denson associate, he's operated violence and company will probably be getting 30%.

  • Didn't want on their invoices.

  • Wow, you just want t o again.

  • You know that that blows out the water planet.

  • They may put in place reasons for having a limited company which will being able to manage a tax liabilities, having a low salary paying dividends when you wanted to be able to put costs through the company, so that will eliminate that.

  • So where you've got yeah, dental associates with limited companies.

  • If you're working for a mass corpora, you're most likely going to have tax it.

  • That's what's your big problems?

  • Well, where you've got associates working within the N hs.

  • Yet if they've incorporated, that means that walked away from the inn introspection because you can't be a member of the images pension scheme if you associate on.

  • There have been called Broke, in which the value off the initials Pensions game is absolutely amazing.

  • People say it's not very good.

  • It's still amazing.

  • Used to be better, but it's still amazing.

  • Yeah, people need to remember that Thean Hs is It is an idea.

  • They pay around 14% benefits of what somebody is.

  • So you choose.

  • So it's This message benefits to being a member of the N.

  • H S.

  • Majesty.

  • It's a shame that people just look at the tax savings rather than all the other benefits of missing.

  • Our going to be losing bank incorporated them, moving away from the initial pension scheme.

  • I'll see if you've got somebody that's working in the private practice, then it then it's just a pension scheme.

  • Benefits don't come into play dip.

  • It's definitely a consideration, Billy, Are you finding that people will.

  • The closing man becomes down this more, more plants that come to you that, you know, within the sector with limited companies were saying, What's the point of my company on?

  • Yes, there's less when all humans less far better now to you two people did to clients that they were getting orders.

  • New rules.

  • Um, I'm having a limited company.

  • Yeah, so?

  • So, yeah, that there is and will be less and less people off 83.

  • What?

  • One of the things that I would say is the HMRC manuals still the same.

  • So from hmrc, men will still say, if you follow the B G A contract on and follow it yourself employed.

  • So how is that going to interact with new rules for large Corporates next year?

  • Wait to see.

  • I suspect that the manuals will get offended.

  • Really?

  • Yeah.

  • Yeah, it's okay.

  • All right.

  • With the gas to close down a limited company for these rituals, is it a complex thing to do?

  • Uh, yes and no It depends on what assets you've got within the business on liabilities there are in business.

  • So generally, if this is no liabilities on, there's less than £25,000 off assets in there, it's possible to just dissolve the company straightforward form.

  • Take the assets out.

  • If there's more than £25,000 in there, then you may want to sit down.

  • Look at how you take those funds at, um, because there's two ways of getting tax when you close a company, either the money that you take out the assets that you take out can be taxed on the in contact.

  • Troublesome respect to 38 upset?

  • Well, maybe they could be classes.

  • Capital gains tax, which is more like 10%.

  • There are some anti Borden's rules whereby if you carry on in the same or similar trade, that so it's always worth sitting down looking at what you've got on, what's the best, most tax efficient way of exiting the company, this in court, writing on you know, if you're going to be trading going forward or you're gonna be employed or something.

  • Okay, so So there's quite a bit of a planet around that.

  • But I imagine is a little shop.

  • Then it is watching this and then you think, Well, if I close the limited company down, actually remove all the previous responsibilities and 11 you do come back in retrospectively say we should be paying more tax.

  • Well, it's a risk.

  • Yeah, it's a risky way.

  • Cease.

  • It's very rare for companies that have been dissolved or going to liquidation.

  • It's very rare for anyone to bring those things back to life.

  • But way See instances where companies have been brought back to life to open up old old in previous years on you.

  • Did they go after they can go after the director's personally really work for On paper, a way on, There's two sets of rules the first rule say as being a willful, knowingly failed operate p a Y e.

  • In these circumstances, it won't be knowingly because it's a technical point.

  • Yeah, that way.

  • In which case, second Rule seven Bull's ticket, which, if you fail to operate in a way, then the doctor.

  • So ultimately hmrc go back to the owners for the taps, so that risk is always going to be there.

  • At least for six years.

  • Okay?

  • Yeah.

  • Thanks.

  • Process first.

  • Okay.

  • Well, fantastic.

  • Thank you very much.

  • Okay, So moving on to next thing.

  • So, um which is?

  • I know you covered the little bit, but really just a bit more detail.

  • How high are they?

  • Five impact.

  • You so spoken about different aspects.

  • But really, for the associates over how affects them?

  • Yeah.

  • Trevor to detail.

  • So yeah.

  • So, basically, if you fall within, I are fairly fire.

  • Let's say from £10,000 that you receive into the business.

  • Yet you have to pay 3000 as approved as a broad brush again is the email.

  • See, that's tax much insurance on.

  • So it will re basically reduces the amount of cash you got to.

  • There's less profits.

  • Todo diffidence.

  • Eso based basically, it's it's it's much more expensive attached to him.

  • You're only allowed to get a tax deduction for 5% off overhead.

  • Some costs with, you know, it's it's a self important stays here, you know that.

  • That's probably about well, Penny, what cost you putting through So you're only allowed 5% tax deduction, but basically what I offer any fighters, it takes control away from you in terms of how much tax you want to pay when you have to pay that it takes so it could have a really bad people are in visions that used to receiving a certain amount of if they if I think that doesn't fit and then they're gonna see a dramatic change Yeah, in nature.

  • Well, in the law dentist do live to that means I build it.

  • Yeah.

  • Yeah, you ni if you're expecting to receive expound Month, most people spend it.

  • Yeah, country education for kids or holidays Last I'll cast absolutely on.

  • Um, with this at the moment, there are a lot of people a lot off dental associates, quite comfortable in in the position.

  • They're in there.

  • Quite a few are self employed and see you just, you know, within legally they doing the right things.

  • That yeah, absolutely.

  • I mean, it's what this is one of those areas that is slowly coming into the spotlight.

  • Yeah, it will come in MME.

  • Or so from next year from April next year on, the corporate have to have to stop there.

  • I think we'll start here more about eye off by itself, you know, status staters.

  • But at the moment you knew points that I talk to you.

  • I have no idea about any of this.

  • I really don't know what's around around the corner that's practicing his and associates.

  • So so that the It's just this is not a great deal off information out there.

  • Yeah, yes, just like its lot Dentists don't work, especially supervises either.

  • Do you know it's a huge potential problem way we see it all the time on one of our sister firms that's working with the client.

  • And then they get into used Thio ourselves and he becomes clear that I'm even.

  • Things like this is the simplest dentists have been claiming traveling to and from world expenses.

  • Okay, which is a big number.

  • Yeah.

  • So the end of the day dentists will marry accountant does enable me to play in this.

  • That's fine.

  • But the problem is, it's the onus is on the individual.

  • And if they fall in the advice from their accountant doesn't understand tax calls in the individual problems, not the Not necessarily.

  • You can't.

  • Okay, I'm in this basic still.

  • Yeah, yeah.

  • We so really know what we know.

  • Dentists Generally great clinicians yet, you know, we don't know understand Clinical, Dennis?

  • Yeah, well, s so you know, we're all steps large, well qualified in our own way.

  • No, on dhe, it's again way often.

  • Get special my power down the red line and says he's lying.

  • And it's interesting to hear what other identities Air telling that years.

  • But lot, it's common.

  • Well, I was trying to warn you today and, uh, he don't he exit?

  • It was a taxi driver, Theo Theo, But you know, it's amazing because you know people, it's very easy to believe you'll trust very trusting.

  • It's very easy to believe what you're being told.

  • Yes, it needs to be from especially well, and I suppose, is as it goes, because, as you mentioned, you know, just a great nation.

  • They may not be great at the business side of things.

  • You don't get me wrong.

  • Of course, as it goes, it's gonna be It is best to see professional advice, and it will save you the hassle time money on DDE mess.

  • Lucien's enjoy the gun, incidentally, because they enjoy the plane to work yet on.

  • But where's that perhaps out so keen on the business aspect, but there's a lot of training courses out there now.

  • Where then to sound more round with gas to visit suspects?

  • Look, just don't have that appetite.

  • What is it?

  • He's going to another place.

  • The way you guys are speaking about it did kind of trigger memory about when GPR comes playing.

  • No one knew anything about it is that has built up to it then month before in this case, it was a year involved, 20 years.

  • I really, because the rules that they applied to the public authorities, they were the original rules that they banded about in 1999.

  • But everybody put their arms on When you know you can't do that, you know how can engage.

  • How can a practice owner, how business be responsible, the taxes, all the off the contractors that engages.

  • So So the original rules with the name Jesus suggested in 1999 all the walls that they now putting place while making 17 the public sector from April 2020 products.

  • Yeah, so I think the rules have bean that, but they just not being able to enforce them.

  • There's a huge industry out, you know, I offer to five contract reviewers.

  • And then there was umbrella.

  • Cos I'm not working through a personal company.

  • I'm working through an umbrella.

  • So?

  • So?

  • So they excused rules challenge to tackle the umbrella, please, Manny.

  • Service companies.

  • And on this remuneration, truth amelioration trusts and tax teams where?

  • Okay, 8000 on the umbrella company loans me £80,000 which I don't have to pay back.

  • So So there's all sorts of weird and wonderful this'd blown out for.

  • This is Andi, generally, they ending tears.

  • So So So So, you know, I don't think this is it a GDP, our style thing, but we know that, you know, definitely.

  • If you're a limited company working as an associate for a 1,000,000 flash forward from next year, there's a very high likelihood that you're going to be worse.

  • Whether that will apply.

  • If you got beady a contract and you're following that contract is yet to see if you haven't then get because he puts up a file.

  • Yeah, right.

  • And I suppose that would be 11 of the ways to manager Absolutely one.

  • Okay.

  • Which actually lead to something which is managing.

  • I have very five or some of the best ways to it to d'oh Oh, and mean, Do we have seven?

  • Well, think yes, broadly, you know?

  • Yeah, it's probably not be nice perspective saying these are the seven ways now that's a number of things.

  • First, make sure that your contracts BD a star contracts on and off your farm in terms of the contract.

  • It's not just a piece of paper.

  • You're doing something completely different with all of the times s O.

  • So that's the first thing.

  • If you're still worried about why are they firing a limited company?

  • Then you know, think about operating this a sole trader because they are the i r 35 flighty.

  • Uh, it's it's potentially an issue for the practice owner.

  • Yes, but it's not an issue for your dentist.

  • Okay, s so so that That's that's an area.

  • And certainly in the case of the European dentists, where they were deemed to be employees, if there was a massive problem for the dentist didn't pay any tax on their income.

  • So you know that this is a you know, some real risks there, but certainly if you want to manage the island if I saw things.

  • Look at your limited company.

  • Musically.

  • Europe Director uh, hmrc always trying to change t change the moments.

  • Just see ready attacks if they was remembers.

  • Well, the ancient city inspector, they're not.

  • So it's maybe something borderline.

  • Where is said an associate principal is being the by the revenue investigated.

  • So it's always worth now being proactive leak in the right.

  • Special advice, making sure that you minimize the chances of you have ever having a investigation because it will cost you time.

  • Let me know all of the bad stuff yet.

  • Yeah.

  • Yeah, I guess what one of the other things Thio throw out there is, You know, you all remember his company Associate and I are engaged by a medium March corporate.

  • The new rules don't apply to small businesses.

  • So do you want to be?

  • Do you wanna have been accepted evicted from your fees next year?

  • Or do you look at the practice working naval, having the Theodore conversation with the cobra, get a message for enhance lead to take into account the potential changes.

  • Okay, that's a good point.

  • That is a very good point.

  • And with the corporate, I'm gonna be.

  • Oh, that conversation to be Oh, there's an additional cost.

  • Just needs, you know, it's gonna get post, but it's still going to be there because he's gonna get stone forward.

  • Yeah, yeah, We don't want our lives to bring Will help them to go shape It's the o Take the rough with the smooth And there's always a compromise.

  • Okay?

  • And spoke about just the when he needs to fall inside or outside that they can just reiterate that getting so some of the people to think it was control.

  • Yeah.

  • So, control.

  • Yeah, It's one of the one of the main ones of a substitution.

  • Are you Adam Teoh to send somebody else to do?

  • You're going on.

  • Do you?

  • Wait.

  • You have done that.

  • You need to get from Pakistan.

  • Actually, substitution is one of the main points, but not only by our 85.

  • Definitely.

  • For when you're working, you are so afraid of on the substitution of issue is that then you're into workers rights, you know.

  • So So substitution mutuality of obligations, you know?

  • Does the engages Baxter have to provide you with work?

  • You have to do that work with those of you.

  • Who are you really in business?

  • Generally in business.

  • So you know their website identifier?

  • I've got insurance business cards.

  • Surprise.

  • And it's general things that businesses do out there to two more plants.

  • So generally business Do you use your own equipment?

  • So these are the kind of things that you need to be looking at.

  • You need to be in business rather than just get me to work.

  • Yes, yes, My Thanks.

  • Yeah, fine.

  • Yeah, Germany.

  • I think that is government.

  • It's Yeah, it's basically you just need to follow the rules Thio to stay clean and safe with on the right side of the revenues.

  • Yeah, if it means changing working practices like even look doing that.

  • But do take a look at you.

  • Talk to your accountants and a few captains.

  • You know, lady to help doesn't have enough experience in this area.

  • They could talkto us think Ruff Freeze.

  • Yes, we often an initial consultation and then within the group once I didn't and often additional hour between us.

  • Those individual companies consultancy contest.

  • Okay, if you've got any questions, inquiries, the email, telephone, What's out?

  • Yeah, just anyway to get the oh all right.

  • We'll go into that.

  • Mercifully I do touch on just what's that?

  • So you know, if you are, this is it.

  • Make sure you're okay.

  • Yeah, Then Yet websites is a great way off kind of show you that you are so employed.

  • There is this.

  • And as I mentioned, beginning this weapon on one of their new things that don't focus of have launched is what we call.

  • I didn't focus.

  • So this is just about being uniquely you as a dentist or dental associates on.

  • It's really about having your own personal like websites of the five page website that covers everything to do with you on a sea.

  • A great it's all we have here is a fresh Millie.

  • So they are.

  • It's it's It's a service that will launch its website that is designed just for you in 14 days.

  • She's very impressive on dhe me Just show you a couple examples, so thank you.

  • So one that one of the reasons 11 thing You could do it.

  • So if I go on to pressures in scrap, um, you know a lot of little dental associates.

  • They showcase their work on instagram with the shaft before and afters and things like that and a great move off showing yourself as an individual.

  • Just the dentist's out there that's working for themselves.

  • Have your outside fresh has his one on dhe.

  • Um, yeah, this is this is an example of the land of the focus website.

  • It's really present.

  • Yeah, it has everything you meet.

  • Um, it's got his smile galleries, got what patients see about him.

  • You can book a consultation, and, um, that would be at the practice is that he works up or practice.

  • And look, it's just one.

  • It's also important to be found just threw, you know, other means, such as on Google.

  • So another appointment of shelf, which is to be to petition, is but the idea that all four do roads lead to Rome.

  • So from Google to Web site in the same for its crown, it's grant.

  • Your website says it's a showcase on the instagram, which is having that link on their on dhe needs are formed show.

  • Is it sure as can't.

  • So if you do a Google search, you coming up for your name, are individuals gonna be able to find you?

  • So she rises.

  • Another Clapton focus or identical focus has his own personal website.

  • Um, and if anyone's really interested, of course, get in contact with us on ways to do that on dhe outside itself is I think it's quite straightforward.

  • Yet they got exactly six minutes more reasons.

  • Even more.

  • His, um yes.

  • Oh, another air.

  • I want to show off as you very briefly touched upon his exclusive plant benefits.

  • So don't focus.

  • We have more on something again.

  • Also very new, which is exclusive benefits for his plan.

  • So just going to again.

  • But what you're offering that s o with them for definite focus climbs to the Arab in there, an initial concentration valley in his team or a month a dentist.

  • I t a SZ.

  • Well, as the lawyers to dentists and the lives of tsunamis around in our way, we can have a bit of a brainstorming session.

  • Siegel The client's needs yet requirements that see if we can help yet on then.

  • In addition to that, we ruffian an additional hour in total between any of the system turns as well.

  • So if the plant of yours has any specific questions on employment, is an example of the contact that they have, which may not be a B d.

  • A approved agreement can have a little too that, say, Sunil.

  • Oldest identities took up and we don't charge.

  • It's really interesting being a look.

  • You should be.

  • Yeah, I would say most dentists out there will need some sort of realized.

  • But that's just how it yet we only know what we know.

  • And if you're offering that that frequent station there, Yeah, that's actually what they may not know already.

  • Okay, Fantastic.

  • Um, no, it's gonna go back because, Well, in this but aside from that, it was it was great to have both of you and you got to shame, but very seated abuse it, like you're really good with Thio but is actually a pleasure to have you on here.

  • And I think fantastic value in regards to what I think filings and interesting.

  • Your heirs of tattoo is just just money.

  • Financial advice, and I really wantto retreat the best ways to get in contact with you.

  • So again, money for dentist dot com.

  • Yes.

  • And the idea or accountants or money for dentists come full circle counters with this which is basically just get too.

  • Oh, yeah, exactly.

  • On double sweet spot.

  • That means to focus.

  • Or you can email me at focused, Remember?

  • But again, Like I said, it wasn't up to having both of you in here any minute.

  • Works.

  • Thank you for having us.

  • Thank you for watching and good luck.

  • Have a good evening.

  • Everyone on Dhe again.

  • If you have any questions, do you let us think.

all right.

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