Rather than re-hash what all the financial press say about the pre-budget report (PBR), in the video below I provide my opinion of this recent update by the government. If you want the finer detail I would suggest you read the Financial Times summary of the PBR or even read the summary from the Treasury if you want the nitty gritty. However key points to highlight:
An increase in National Insurance rates from 2011 - not good news for dentists
VAT goes back to 17.5% from 1st January 2010 - not good news for dentists
50% tax rate is coming April 2010 - not good news for dentists
Freezing of the personal allowances - again not good news for dentists
Small company corporate tax rate will remain at 21% rather than originally due to increase to 22% in April 2010 - finally some good news for limited company dentists!
Overall a pretty uninspiring budget, fingers crossed it will have the desired effect, but I think UK economy needs a lot more than the Gordon and Alastair show. The increases being seen in personal taxation make incorporation an even more compelling option for some dentists.
Get in touch with Mahen at Mahen@samera.co.uk if you need to discuss your options.
FREE Practice Marketing Assessment Until 23/12/09
In addition, in the video below I highlight if you want to get a Free Marketing Assessment with Barbara our resident Dental Marketing Expert (yes free, but normally worth £800+VAT!) at your practice then get in 10 gifts to the Give a Little Love campaign for sick and disadvantaged kids by 23rd December!
You just need to get 10 gifts in by 23rd December 2009, and pay for her travel, and she will then wave her marketing magic wand at your practice for a free marketing assessment, just like she has at The Neem Tree practices!
