Tax for dentists

Dentists – Fixed Fee Accounting

ART-X Accounts, Reporting and Tax in Xero

The Peloton, run by ex-dental practice owner (Gus Fichardt) and Dental Coach (Mike Hutch – ex Breathe Business), have used their years of experience in the industry and coupled it with the latest technology to deliver a bespoke package for Dentists, just like you.

The thoroughly experienced team use the latest technology to produce regular monthly reports that are easy to read and give you the most up to date information to help you drive your business to where it needs to be, giving you:

  • more time to do the things you really want to do
  • complete peace of mind that your finance “department” is in place
  • monthly tax bill estimates so you can manage your tax bill and minimise it
  • a bespoke dashboard of the KPI’s that matter to you delivered direct to your phone
  • daily bank balances with weekly cash forecasts
  • unlimited contact with a highly knowledgeable and friendly team
  • terrific value for money

Xero for Zero

Where your practice is not on Xero, The Peloton (one of the countries leading experts in Xero conversion training and support) will convert your system to Xero for no charge. Zero.

What does it cost?

The prices below are our “all-in” prices and include: All required compliance & tax work (statutory accounts, tax returns), weekly bookkeeping, payroll, monthly reporting of all the KPI’s you want to measure, both financial and non-financial. We welcome you to pick and choose the services you require and we can produce a bespoke quote for you.

Turnover
Monthly Fixed-Fee
Up to £500k
FROM £200 – £520 (+ VAT) per month
£500k – £750k
FROM £480 – £670 (+ VAT) per month
£750k – £1m
FROM £570 – £780 (+ VAT) per month
£1m – £1.5m
FROM £650 – £999 (+ VAT) per month
£1.5m +
FROM £850 (+ VAT) per month

What’s included in my monthly fee?

We are a firm of Chartered Accountants, which means our senior accountants have completed a minimum of three years in-depth training, passed a series of rigorous examinations in financial management, auditing, business strategy and taxation, and are committed to continuing professional development to keep their skills up to date.

It also means that our firm is bound by the ICAEW Code of Ethics and subject to disciplinary procedures.

At The Peloton you’ll have your own dedicated accountant who you’ll speak with directly. We hate having to repeat ourselves and we’re sure you do too. You can expect friendly and timely responses from any of our team.

We are your HMRC representative which basically means you can sit back and not worry about having to speak to them. We do that for you.

As a ‘Gold Partner’ of Xero we have a wealth of knowledge about this accounting software. All of our accountants are Xero certified, which means they have undertaken their training to become Xero advisors. Xero efficiently and effectively manages invoices, bank reconciliation, bookkeeping, and ultimately automates the accounting process. It’s at the core of our business and we highly recommend it’s at the centre of yours too.

As part of our fixed monthly fee our team will set you up, show you the ropes and be there for you should you have any technical questions. We also hold regular free Xero training events which are open to clients and non-clients.

Receipt bank is an app that pulls information from receipts and invoices quickly, accurately, and efficiently. It also talks directly to Xero. We include it as standard because, quite frankly, no-one should be without it.

When you join us we’ll take a look at which Xero apps could most benefit your business and give you some recommendations. We have our favourites which we use ourselves, but we also have a wealth of recommendations from our clients across a wide range of industries.

At The Peloton we like to really get to know our clients’ businesses and offer help wherever we can. During your first month with us we offer a Business Strategy call with one of our 2 Directors Mike and Gus. Both have invaluable business experience and are straight talkers. They’ll ask you about your challenges and offer your brilliant advice.

It costs money to file accounts with the government and some accountants will charge this as an ‘extra’. At The Peloton this is covered as part of your monthly fee.

At The Peloton we mean fixed fee when we say it. So if you have a query relating to an accounting service that we carry out for you then you don’t need to worry about receiving an unexpected bill. Please note this is subject to a generous fair use policy and should you be close to exceeding this we will give you plenty of warning.

We run regular free Xero training sessions and other events aimed at small but growing businesses. We also hold an annual Gin in the ‘Ryn party where we open our doors until we’re fit to burst and serve local gins as well as delicious nibbles.

We are a virtually paperless office at The Peloton and where there’s a more efficient way to do something, we’re all over it. So with us you can expect e-signing, automatic SMS and email reminders and access to an online digital vault to securely store all documents. We also send all of our paperwork via a secure online portal.

We will send you automatic reminders via SMS and email of things you need to do, meaning you’ll have plenty of time to do them and won’t receive any nasty HMRC fines.

We want to make the entire process super easy for you, so please get in touch using the options below so we can get you going as easily as possible…

Call us

Give us a call with any questions and we’ll be happy to help – Gus

Call Us

Email

Send us an email with any questions and we’ll get back to you as soon as possible – Mike

Email

We’ll call you back

Choose the best time for us to call and we’ll phone you – Carly

SCHEDULE CALL-BACK

  • Not your usual stuffy accountants!  Forward thinking, nice, honest people who don't just do numbers and always up for sharing a glass of wine and a packet of crisps at the end of the day! We can't thank them enough for continually helping us drive our business forward
    Tash Fillingham, Dentist Salisbury
    Clinic Owner
  • The team are responsive, good humoured, forward thinking and precise in their approaches to our accounting and complement this with a very bold and honest approach to assessing our business performance. We appreciate this approach, as there is NEVER any point in hiding from the real truths of our financial performance. We would have no hesitation in recommending the Peloton team to anyone looking for a competent, responsive and people friendly accountancy company.
    Charlie Fox at Hartley Dental
    Practice Owner
  • We have been clients of The Peloton since 2008 and are constantly impressed by the level of professionalism, advice and support. The ‘smiley-faced’ team’s proactive approach and positive attitude in solving technical problems has been extremely beneficial to us. We also like the fact that Mike Hutch looks like a pirate, but doesn’t sound like an accountant.
    Ali & Tim at Illume Dental
    Practice Owners
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