Sophie Kwiatkowski

Sophie Kwiatkowski

Author at Dentistry.co.uk

Sophie Kwiatkowski is a manager and chartered accountant at PFM
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Business structures – is changing to a limited company a more tax efficient way?

Would changing to a limited company benefit you and your business? Sophie Kwiatkowski presents some key factors for associate dentists to consider. A question frequently asked by associate dentists is ‘should I become a limited company?’. Sadly, there is no clear answer. Whether it is beneficial to incorporate your business or not will depend on the individual … Continued

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What to expect if you’re expecting

Sophie Kwiatkowski looks at what you can expect in terms of maternity/paternity leave and pay under the NHS. We are frequently being asked the question, ‘What am I entitled to as a self-employed dentist in terms of maternity/paternity pay?’. So, let’s look at maternity pay first. If you are an NHS dental performer, you are … Continued

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Talking tax: changes, benefits and news

Sophie Kwiatkowski provides a snapshot of some of the updates announced for the 2019/20 tax year. Although you may be in the process of having your 2018/19 tax return completed for the 31 January 2020 deadline, we are currently in the 2019/20 tax year. This runs from 6 April 2019 to 5 April 2020. So, … Continued

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Staying in control of your practice

Sophie Kwiatkowski explains why cloud accounting is changing day-to-day bookkeeping and accounts. As a practice owner, monitoring the performance of your practice is key to the continued success of your business. We often get asked: ‘How can I stay ahead and be in better control of my business?’ The answer to this has been made … Continued

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Striking a risk-reward balance for pensions

Protecting your future as a business owner should be high on your agenda, says Sophie Kwiatkowski. Being self-employed, or running your own business can often mean increased financial rewards, but it also comes with more risk. Your income isn’t guaranteed, but, in most cases, the harder you work the more lucrative your business will be. … Continued

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Securing your first step up

It’s key to be prepared when the time to get on the property ladder comes, says Sophie Kwiatkowski, by keeping your tax returns and finances in order. There is something about the start of the summer months that makes people want to move house or even look to step onto the property ladder for the … Continued

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Submit your NPE on time and don’t miss out

Sophie Kwiatkowski explains why it’s important you don’t miss the deadline for your net pensionable earnings submission. For those of you performing NHS dental services, 30 June is an important date in the diary. This is the deadline for submitting your net pensionable earnings (NPE) on Compass. Each year, as an NHS dental performer you … Continued

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Get ahead of the game

Sophie Kwiatkowski aims to make the upcoming tax return process less daunting. As we are approaching 5 April, and the end of the 2018/19 tax year, I am being commonly asked questions about what happens next. If you began working as a self-employed associate in September 2018, this will be your first tax return. Here … Continued

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Reducing tax: private pensions

Sophie Kwiatkowski urges dental professionals to minimise their tax liability now… while they can! In last month’s article, I briefly outlined ways in which you can look to reduce your tax liability before 5 April passes. The two main tax saving ideas highlighted were private pension contributions and training costs. Let’s take a look at … Continued

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The never-ending cycle of tax returns

Sophie Kwiatkowski shares her advice on how and when to start planning to lower your tax bill for the next tax year As an associate dentist, it may feel like as soon as the 31 January deadline for one tax return has passed, you are already looking towards the next years’. It is true that … Continued

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