Dentists Who Invest Podcast The Chancellors New Budget And What It Means For Dentists with Mike Bryan DWI-Ep24
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Want to know how Rishi Sunak's upcoming budget changes will affect you as a dentist? Look no further. We've got Mike Bryan here to help you navigate the complexities of these changes and their impact on your personal finances. From discussing the increase in personal allowance to £12,500 for those earning less than £100,000 to explaining the freeze on personal tax bands, Mike is here to ensure you don't miss out on any details. Plus, he's got some great tips on how you can leverage these changes to your advantage, like splitting your practice into an NHS sole trader and a limited company for private practice or investing in dental practices. Remember, individualised advice is key to maximising these opportunities.
Think you've got it all covered? Think again! Mike promises to enlighten you on the changes in allowances for hybrid cars. An increase in personal allowance to £12,500 and a cliff edge change to electric only cars could impact your decisions if you're contemplating investing in a hybrid car. So, act fast! We also delve into the nitty-gritty of the self-employment income support scheme and how the fourth and fifth schemes are based on the 1920 tax returns - this could mean a significant financial boost for you. Wrapping up our chat with Mike, we explore employer support schemes and apprenticeship grants, providing all you practice owners out there with valuable financial advice. Tune in now and become part of our community of dentists who are determined to enhance their financial knowledge and wellbeing.
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