Dentistry

We understand the day-to-day pressures of Practice Management; in addition to ensuring your patients receive high-quality service, you have to manage recruitment, retain associates, manage cashflow, investment opportunities, and future business planning.

With our knowledge and experience in the sector and understanding of developing and implementing future business plans, we can help you achieve your goals. We can also alleviate some of the everyday pressure of running a business by providing other services to free up your time to focus on the business, such as Cloud accounting, payroll, and management accounts.

How can we help

When setting up your practice, there are many issues you, as a business owner must consider. In addition to ensuring your practice is equipped to provide top-quality services, you must ensure the practice has the appropriate CRM tools, bank accounts, employees, accounting process.

It is essential to consider all aspects from the start. We can assist you in many areas so you can focus on growing your business. Some of the areas we can provide advice on are:

  • Develop a business plan

  • Assistance with raising finance

  • Cashflow projections

  • Structuring your business: sole trader; partnership; company

  • Maintaining your accounts

  • Providing regular management accounts

  • Process payroll

The structure of your practice can have an impact on how your business operates. Depending on the structure, there may be better growth opportunities; you may be more saleable to a potential buyer, tax benefits, and more options available to incentivise employees or bring in new partners.

Some of the areas we can help you with when considering the structure of your practice are as follows:

  • What format should your business be: sole trade, partnership, company

  • Making your practice more attractive to a potential buyer

  • Introducing new partners

  • Offering incentives to employees via share options or profit-sharing schemes

  • Asset protection

  • Pension planning

  • Exit strategy

Knowing the value of your business is important for any Dental professional at every stage of their career. With more and more corporate groups and investors in the Dental sector, the opportunities around acquisitions are increasing. We work with practice owners to accurately value their assets in order to maximise their potential return in any transaction.

If you are considering expanding your business by acquiring an existing dental practice or looking to sell your business, we can assist you. Some of the issue to consider when buying or selling a practice are as follows:

  • Valuation

  • Structure of the deal

  • Tax considerations

  • Preparing your business for sale

  • Identifying buyers

  • Evaluating potential purchase opportunities

  • Assistance with due diligence

  • Post-acquisition considerations

We provide cost-effective and efficient outsourcing services that will help you manage your practice and free up both your and your employee’s time to focus on business growth.

Services we offer include:

  • Cloud Accounting

  • Management accounts

  • Cashflow management

  • Payroll

  • Tax compliance

Having a business plan in place is one of the most valuable tools a business owner can have. It gives you direction and a goal to work towards and achieve.

We can help you develop and achieve your business goals by preparing a business plan to ensure you consider all aspects of your path to success. Things to consider are:

  • Increasing private, high-value treatments

  • Developing specialisms and using technology in your practice

  • Merging or acquiring other practices

  • Introducing new partners

  • Is your business structured correctly for growth

Setting up a Practice

When setting up your practice, there are many issues you, as a business owner must consider. In addition to ensuring your practice is equipped to provide top-quality services, you must ensure the practice has the appropriate CRM tools, bank accounts, employees, accounting process.

It is essential to consider all aspects from the start. We can assist you in many areas so you can focus on growing your business. Some of the areas we can provide advice on are:

  • Develop a business plan

  • Assistance with raising finance

  • Cashflow projections

  • Structuring your business: sole trader; partnership; company

  • Maintaining your accounts

  • Providing regular management accounts

  • Process payroll

Structuring

The structure of your practice can have an impact on how your business operates. Depending on the structure, there may be better growth opportunities; you may be more saleable to a potential buyer, tax benefits, and more options available to incentivise employees or bring in new partners.

Some of the areas we can help you with when considering the structure of your practice are as follows:

  • What format should your business be: sole trade, partnership, company

  • Making your practice more attractive to a potential buyer

  • Introducing new partners

  • Offering incentives to employees via share options or profit-sharing schemes

  • Asset protection

  • Pension planning

  • Exit strategy

Practice Valuation

Knowing the value of your business is important for any Dental professional at every stage of their career. With more and more corporate groups and investors in the Dental sector, the opportunities around acquisitions are increasing. We work with practice owners to accurately value their assets in order to maximise their potential return in any transaction.

Buying and Selling

If you are considering expanding your business by acquiring an existing dental practice or looking to sell your business, we can assist you. Some of the issue to consider when buying or selling a practice are as follows:

  • Valuation

  • Structure of the deal

  • Tax considerations

  • Preparing your business for sale

  • Identifying buyers

  • Evaluating potential purchase opportunities

  • Assistance with due diligence

  • Post-acquisition considerations

Practice Management

We provide cost-effective and efficient outsourcing services that will help you manage your practice and free up both your and your employee’s time to focus on business growth.

Services we offer include:

  • Cloud Accounting

  • Management accounts

  • Cashflow management

  • Payroll

  • Tax compliance

Developing a Business plan

Having a business plan in place is one of the most valuable tools a business owner can have. It gives you direction and a goal to work towards and achieve.

We can help you develop and achieve your business goals by preparing a business plan to ensure you consider all aspects of your path to success. Things to consider are:

  • Increasing private, high-value treatments

  • Developing specialisms and using technology in your practice

  • Merging or acquiring other practices

  • Introducing new partners

  • Is your business structured correctly for growth

Our Experts

Darran Woods

An Associate of Chartered Accountants Ireland and an AITI Chartered Tax Advisor, CTA, Darran advises a wide range of clients on a range of issues specialising in outsourcing. A graduate of UCD Michael Smurfit Business School, Darran also holds a Masters in Accounting.

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Bruce Stanley

A Fellow of Chartered Accountants Ireland and an AITI Chartered Tax Advisor, CTA, Bruce has over 15 years' experience in practice.

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Eddie Coleman

An AITI Chartered Tax Advisor, CTA, Eddie advises a wide range of clients on tax compliance and provides tax advice on a consultancy basis.

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Darran Woods

Accounts & Outsourcing Partner

An Associate of Chartered Accountants Ireland and an AITI Chartered Tax Advisor, CTA, Darran advises a wide range of clients on a range of issues specialising in outsourcing. A graduate of UCD Michael Smurfit Business School, Darran also holds a Masters in Accounting.

Darran services a broad client base from sole traders to group corporate entities offering business services to maximise business efficiencies.

In addition, Darran is a statutory auditor and has wide expertise in consultancy services such as finance proposals, mergers and acquisitions, due diligence, budgeting and cash flow, and business valuations. Darran is also a strategic advisor for many owner-managed and family businesses in their path towards growth and success.

Bruce Stanley

Tax Consulting Partner

A Fellow of Chartered Accountants Ireland and an AITI Chartered Tax Advisor, CTA, Bruce has over 15 years' experience in practice. Bruce has experience across all tax heads, specialising in corporate structuring and personal tax planning for entrepreneurs and owner managed businesses.

Bruce has a strong client focus providing bespoke commercial tax solutions to suit individual needs in areas such as business expansion, efficient cash extraction, employee incentivisation schemes and succession planning.

Bruce has presented on a variety of taxation matters both in Ireland and at European conferences on topics such as EU VAT case law, the Irish Holding Company regime, personal tax planning and tax efficient business investment.

Bruce has experience of advising across a broad range of sectors including Hotels and Leisure, Property Investment, Arts & Entertainment, Professional Services, Medical and Retail. With a keen interest in the arts and entertainment sector, Bruce serves as a board member of both Graphic Studio Dublin, Ireland's oldest fine art print studio and Rough Magic Theatre Company, Ireland’s leading independent theatre company.

Eddie Coleman

Tax Compliance Partner

An AITI Chartered Tax Advisor, CTA, Eddie advises a wide range of clients on tax compliance and is also a member of our tax consulting team.

Eddie has considerable experience and skills in providing practical tax advice and solutions to corporates and private clients.

Eddie also specialises in retirement planning options to ensure clients maximise their pre and post retirement positions in a tax efficient manner.

Get in touch

Whatever your question our team will point you in the right direction

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