Having the right business agreement in place is crucial to the running of any successful dental practice, affecting many aspects of your finances.

Our team of Specialist Financial Advisers are on hand to offer guidance on a number of financial matters impacted by business agreements – from cash flow management to estate and legacy planning.

They’ll also be able to ensure you have the right level of protection in place to ensure business continuity – from dental practice insurance to locum cover.

If you operate as a limited company, do you understand the potential benefits of your limited company status? Are you making the most of them?

At Wesleyan Financial Services, we understand that your personal finances are inextricably linked to your business. For example, paying yourself a pension through your company can be a highly tax-efficient way to save – but there are things to consider.

From working out your headroom to how your NHS pension contributions might be impacted, our Specialist Financial Advisers are here to help you understand the whole picture.

Tax treatment depends on your individual circumstances and may be subject to change in future.

Did you know that preparation for an exit strategy should ideally begin five to ten years before selling your practice?

With this in mind, it’s important to have a plan in place that addresses both the commercial aspect of selling your business and any personal aspirations you wish to pursue when you retire.

This is where our Specialist Financial Advisers can help, working with you to formulate an exit strategy that takes into account your short, medium and long-term goals.

They’ll also work with other professionals, such as dental solicitors and accountants, to help maximise the profitability of your practice and present it in the best light to potential buyers.