Financial Health Check-up

Is it time for a check-up of your business’s financial health? 

Your patients need a check-up of their health from time to time to get an overview of how they are doing, what they need to work on and how to solve any issues. 

Businesses are no different. 

It is essential to get an expert to look at the financial health of your business periodically. Just like with your patients, sometimes there will be little financial aches and pains in your business. Sometimes there will even be bigger, hidden problems that are just waiting to get worse. 

You’ll probably not realise it until it’s too late if you don’t have a professional take a look. 


Financial Health

Contact us for a free health check


Spending Analysis

Our money-saving experts with the Samera Alliance will perform a full spending analysis for your business. We will look at how much you are spending on everything from consumables and PPE to your utilities, rates and IT services. 

We will identify any areas where we think you can optimise your spending. 

Our partners with the Samera Alliance offer exclusive discounts to our members for almost any product or service your business might need. 

We will not only let you know where you are spending too much money, we’ll even find you a cheaper option for your expenses. 

Click here to find out more about saving money


Accounts and Tax

Are you claiming everything you should be on expenses? Are your accounts structured properly to save you time and money? Are you paying more than you have to on your tax bill? 

During your financial health check-up, our accounts and tax experts will identify any improvements that can be made in your cash flow, accounting procedures and tax structures. 

We can help plan, structure and process your accounts and tax to make sure you are saving money and your business ready to scale. 

Click here to find out more about our accounts and tax services


Debt Structures

Our in-house commercial finance brokers, Samera Finance, are experts at restructuring and renegotiating debt to ensure that your cash flow is as healthy as it can be. 

We will look at your current debt repayment terms and identify the best ways to restructure them to get you the best deal and repayment schedule for your business. 

Debt doesn’t have to mean crippling repayments. It certainly does not have to mean your cash flow is hamstrung. 

We will find a better deal, negotiate the terms and help source the best loans to suit your individual case. 

Click here to find out more about Samera Finance


Cyber Security

One of the most overlooked aspects of a business’s financial health is the security of its data. 

Gone are the days where a good, solid lock on a physical safe could keep your important documents safe. Now, you need a good, solid cyber security strategy. 

Our cyber security experts will analyse your business’s online security and identify any areas in which we think your business, data or patients are vulnerable from cyber attack. 

We will then be able to recommend the best software to protect your data and we can also train your staff, turning them into a human firewall. 

Click here to find out more about cyber security


Financial Health

Contact us for a free health check


Further Information on Accounts & Tax

Our team of specialist accountants and tax experts can help manage, process and structure your business’s finances. From management accounts and payroll & pensions to tax planning and cash flow management, we can take care of the full back-office function of your business.

Book a free, no-obligation consultation with one of the team to find out how we can make your accounts & tax easier, quicker and cheaper.

For all our previous articles, webinars and video updates, subscribe to our YouTube channel and follow us on Facebook, LinkedIn and Instagram.

Debt Advisory and Corporate Restructuring

These are uncertain times, and they are likely to be with us for a while.

If you are concerned about your financial situation, rather than put your head in the sand, hoping it will all go away quickly, I would urge you to seek help.

Some difficult conversations may be needed, but it’s imperative they happen earlier than letting them linger.

We can help you in a number of areas:

Corporate restructuring

Our experts advise owners and board members and other stakeholders on stabilising crisis situations, turnaround strategies and planned restructuring. We ensure that all available options for businesses are considered. We pragmatically manage all stakeholders to achieve optimum results.

Debt Advisory

Our debt financing advisory team has vast experience in raising new or re-financing existing debt. We can assist in building a strong proposition for lenders or lenders’ clients looking to reposition the debt or relationship including financial modelling and capital structure optimisation whilst our market knowledge can help with debt instrument selection and pricing.

Crisis cash flow management

Our team has the experience to rapidly identify the causes of cash flow issues and support lenders’ clients with the processes and expertise needed to resolve the position. We assist in implementing improvements to how cash flow is managed and reported in the business and liaise with third parties on your client’s behalf.

Click here to read our article on Dentist and Dental Associate Expenses Guide

Corporate restructuring

Our experts advise board members and other stakeholders on stabilising crisis situations, turnaround strategies and planned restructuring. We ensure that all available options for businesses are considered. We pragmatically manage all stakeholders to achieve optimum results.

Don’t let the current environment dictate your outcome, our team of professionals can help you.

Please book a consult with one of the team to assist you with your needs.

Dental Accounts & Tax Specialists

As dental practice owners ourselves, we know what makes a clinic tick. We have been working with dentists for over 20 years to help manage their accounts and tax.

Whether you’re a dental associate, run your own practice or own a dental group and are looking to save time, money and effort on your accounts and tax then we want to hear from you. Our digital platform takes the hassle and the paperwork out of accounts.

To find out more about how you can save time, money and effort on your accounts and tax when you automate your finances with Samera, book a free consultation with one of our accounting team today.

Dental Accounts & Tax: Further Information

For more articles, webinars and blogs on dental accounts check out the dental accountancy section of our Learning Centre and follow us on YouTube, Facebook and Instagram.

Accounts for Dental Groups

Do you run a dental group? Are you seeking to run a much more efficient, cost-effective accounting function?

We can help

Samera Dental Accountants have been working exclusively with dental associates, dental practices and dental groups in the UK for almost 20 years. We work with dental groups of all shapes and sizes to improve their accounting, tax and payroll requirements. We don’t just work with dental groups, we built and run our own dental group. We specialise and know what is involved in managing a dental group’s accounts because we do it ourselves too.

How do we work?

The Samera Dental Accountants team is based in the UK and India, and are well-trained and well-versed in the latest digital accounting platforms used by most Dental Groups. 

Our experienced and specialised team is spread globally to ensure we get the best quality team members at the most competitive rates.

We have been pioneering digital accounting software and technology for years. Our system is fully paperless and automated, using the latest software to ensure a safe, fast and easy process.

Always replies promptly and addresses all of my concerns … extremely thorough and I feel reassured knowing that [Samera are] in change of my accounts.

Five stars

What can we do?

We can help with:

  • Book-keeping
  • Accounts payable
  • Accounts receivable
  • Management accounts and reporting
  • Payroll and pension requirements
  • Statutory and tax filings – depending on your jurisdiction

We work with dental groups of all shapes and sizes.

Why Choose Samera for your Dental Group Accounts?

Finding suitably qualified accountants with the required dental knowledge and skillset can be difficult and challenging, but our global team specialises in helping dentists, dental practices and dental groups with all their accounting requirements.

Our pricing is competitive and we are confident we can deliver to an exacting high standard, whilst helping you save money, and increase your all-important EBITDA.

Dental Accounts & Tax Specialists

As dental practice owners ourselves, we know what makes a clinic tick. We have been working with dentists for over 20 years to help manage their accounts and tax.

Whether you’re a dental associate, run your own practice or own a dental group and are looking to save time, money and effort on your accounts and tax then we want to hear from you. Our digital platform takes the hassle and the paperwork out of accounts.

To find out more about how you can save time, money and effort on your accounts and tax when you automate your finances with Samera, book a free consultation with one of our accounting team today.

Dental Accounts & Tax: Further Information

For more articles, webinars and blogs on dental accounts check out the dental accountancy section of our Learning Centre and follow us on YouTube, Facebook and Instagram.

IR35 for Dentists

The tax pendulum continues to move for associate dentists. HMRC have announced that from April 2023 they will withdraw the paragraph in their guidance which mentions the BDA and DPA standard associate agreement.

What do the changes in IR35 mean for associate dentists and practice owners?

Up until recently, associate dentists were given a blanket concession by HMRC that allows them to be treated as self-employed for tax purposes. 

This has allowed associates to process their income for tax purposes as trading income, as opposed to employment income. 

Starting from April 2023, however, dental practices will be required to use the CEST (Check Employment Status for Tax) test to determine the tax status of all of their dental associates under contract. 

If a dental practice is found to be treating an associate as self-employment, when in fact they act as an employee, they will be liable to additional tax. 

What this means for dentists is that you will now need to determine your employment status (self-employed or employee of the practice) and act accordingly in your day-to-day business.

If you process your tax as a sole trader or limited company, when in fact you are an employee of the practice, you will be subject to added tax. 

This will impact both the associate dentist and also the dental practice employing the dentist.

As a busy dental associate, I have been using Samera Accounting services for over 7 years now and have found them to be highly professional, prompt in correspondence and … extremely helpful to any enquiries which I have had.

Five stars

What is IR35? 

IR35 is intended to combat employment tax avoiders who process their tax as though they were sole traders or limited companies, and not in fact employees. 

IR35 is used to establish your employment status; whether you are self-employed, an employee of a limited company or both. It is usually the responsibility of the dental practice for which you work to determine your employment status and process both your tax and their accounts accordingly. 

Previously, NHS dental practices had to pay additional tax if one of their staff was hired via a limited company but in fact operates as an employee. Since 2021, this has also applied to larger private practices. 

As detailed above, from April 2023, HMRC have announced that they will be removing dental associates’ exemption from IR35 rules. 

This means that dental practices will need to calculate their clinical staff’s employment status via the UK Government’s employment status test. 

Click here to find out more about employment status tests on .gov.uk

Am I self-employed or an employee?

How you operate in the dental practice which employs you will factor into whether you are a sole-trader or an employee. 

Self employed dental associates act as either sole-traders or a limited company and process their own accounts and tax. They usually rent the surgery, equipment and consumables from the dental practice in which they work. 

These are some of the things that distinguish employed and self-employed dental associates:

  • Self-employed dental associates have clinical independence to choose their own treatments, plans and procedures. 
  • Self-employed dental associates have a say in their chosen work hours. 
  • Self-employed dental associates must be able to provide a locum substitute in their place should they be unable to work
  • Self-employed dental associates can set their own prices and provide additional private work. 
  • Self-employed dental associates are not paid holiday pay.
  • Self-employed dental associates have professional indemnity insurance cover. 
  • Self-employed dental associates pay for equipment maintenance out of their own pocket. 

Determining your IR35 employment status

If you are a dental practice owner or a dental associate unsure of how the IR35 rule changes affect you, we can perform an IR35 review of your practice and contracts to determine the status of yourself or your employees. 

We can review your contracts thoroughly, figure out the correct employment status and help process the accounts and tax to reduce your bill. 

Our specialist dental accountants and tax experts are perfectly placed to help make sure your status is correct and you’re paying the correct tax.

Click here to read our article on Samera Learning Centre.

Dental Accounts & Tax Specialists

As dental practice owners ourselves, we know what makes a clinic tick. We have been working with dentists for over 20 years to help manage their accounts and tax.

Whether you’re a dental associate, run your own practice or own a dental group and are looking to save time, money and effort on your accounts and tax then we want to hear from you. Our digital platform takes the hassle and the paperwork out of accounts.

To find out more about how you can save time, money and effort on your accounts and tax when you automate your finances with Samera, book a free consultation with one of our accounting team today.

Dental Accounts & Tax: Further Information

For more articles, webinars and blogs on dental accounts check out the dental accountancy section of our Learning Centre and follow us on YouTube, Facebook and Instagram.

Accounts & Tax for Start-ups

When you start a dental practice, it’s essential to organise your accounts and tax properly. 

Our specialist dental accountants are experts at helping dentists and start-up dental practices set up their accounts, manage their finances and organise their taxes.

We can automate your new dental practice’s accounts, tax and finance in a digital, secure and easy process:

  • Scan your invoice and income information to your Hubdoc account with your phone or tablet.
  • Your information is then processed in Xero monthly.
  • Securely connect your bank accounts to Xero. 

That’s all you have to do, we’ll do the rest! 

Please click here for a more detailed breakdown of our process.

I am a dentist setting up my own private dental practice and Samera have been a great help as my accountants, giving lots of advice, especially in regards to all the complicated financial matters and tax.

Five stars

By following this process, you have already automated much of the finance function for your dental practice.  

Click here to read our article on Dentist and Dental Associate Expenses Guide

Please note that all of our processes are paperless, we don’t accept any paper from clients any more.

Dental Accounts & Tax Specialists

As dental practice owners ourselves, we know what makes a clinic tick. We have been working with dentists for over 20 years to help manage their accounts and tax.

Whether you’re a dental associate, run your own practice or own a dental group and are looking to save time, money and effort on your accounts and tax then we want to hear from you. Our digital platform takes the hassle and the paperwork out of accounts.

To find out more about how you can save time, money and effort on your accounts and tax when you automate your finances with Samera, book a free consultation with one of our accounting team today.

Dental Accounts & Tax: Further Information

For more articles, webinars and blogs on dental accounts check out the dental accountancy section of our Learning Centre and follow us on YouTube, Facebook and Instagram.

Payroll and Pensions

As a firm of specialist accountants for dentists, dental practices and dental groups, we are experts at processing the payroll and pensions for dental practice owners and their employees. 

When you go digital and automate your finances, you save time, money and effort, whilst also keeping your important documents and information safe, secure and updated in real-time. 

Click here to read our article on Dentist and Dental Associate Expenses Guide

Mountains of paperwork, sending endless forms back and forth, chasing each other down for invoices or statements, those are things of the past. Now is the time for automating your financial processes in your business. It’s not just timely, it’s essential. 

You can find out more about cloud accounting here.

At Samera we use BrightPay payroll software which is an efficient, technologically advanced payroll software.

Our payroll services allow for a seamless solution for all your payroll issues, no matter where in the world our staff or your staff is located. The BrightPay software our trained professionals use allows both you and our payroll experts to access the highly secure data and allows access to employer files for all individuals who need it. 

You can find out more about how Samera make accounts easier.

Samera have been my accountant for 7 years and have continued to provide me with accurate accounts and timely submissions. Their digital workflow eases the management of receipts and filing. I have found them to be supportive and knowledgeable particularly during the recent crisis. Thank you.

Five stars

Benefits of Samera Payroll

Secure

Your payroll is secure

All our payroll data is automatically backed up online every fifteen minutes, as well as every time an employer file is closed to ensure that no data is ever lost.

Samera ensures that any updates will be reviewed and checked before it is automatically updated. All users will automatically check to see any updated versions of the file. This ensures that if you, or anyone on your team, has made any changes, our team will be able to see, review and download the latest version you have edited and review it for you. 

You can read more about cybersecurity here.

Control

You have the control

We give our clients access to their own online employer portal. This service allows us to ensure the smoothest payroll process for you, while also allowing you to oversee everything that is happening on our end. This also allows you to easily give us all the information straight from your side through our software. You don’t need to hound your accountants or need to be hounded for paperwork by your accountant!  Our software allows a seamless process for all parties from start to finish.

By using Samera’s payroll services, we have equal online access to payroll data as well as you. We operate all of our clients’ accounts while each employer has their own online employer portal, which means that you can directly take care of any request yourself.

You can read more about accounts and tax here.

Employee

Easily check payroll entry

With Samera you are able to send a ‘Payroll Entry Request’ where you will be asked to confirm employees’ payments for that pay period. If needed, we can quickly and easily enter details of any changes for that pay period, such as new starter details or adding bonus pay for an employee.

With various employees on your payroll, most of whom are bound to work variable hours, you have the option to upload their specific timesheets to your secure online portal. This ensures that we get the correct information directly from you. This function also serves as a great reminder to easily update payroll information that might have otherwise been forgotten.

The measures we have put in place works efficiently for both parties. It is a direct method of sending, receiving, and storing payroll data leaving those endless back and forth emails to finalise payroll redundant. It is important to note that once we have reviewed the information you have submitted, it is automatically stored on the payroll software, therefore reducing the risk of any errors being made.

Click here to watch our webinar on how to navigate your practice’s financial function.

Evolve

Evolving ways of working

Covid-19 has, undoubtedly, brought about many changes to the workplace. Of course, it is a lot easier to manage a team of people when they are all working similar hours in the same location; however, that is not always the default case anymore. While remote working has its advantages, it has also proven to bring about many challenges for employers and employees both, which is where Samera’s services come in. 

Businesses have to quickly learn and evolve their businesses to work with the new normal. This is why Samera has introduced BrightPay to all our clients in order to help clients manage staff while working from remote locations and different schedules. This is a great opportunity for you and your business. Our services work efficiently and in turn, help your business run as efficiently as possible without any time-consuming conversations, paperwork or mistakes happening along the way.

Click here to listen to our podcast episode on how to organise your practice’s finances.

Self Service

Self-service

An employee app that can also help you manage your employees as well as giving them access to an employer portal, employees can also be invited to their own employee portal that can help your employees with adjusting to remote and flexible working.

Through this app you can:

  • Share important documents. The app will monitor who has opened and read these documents.
  • Approve any personal detail changes of employees.
  • Approve or deny any annual leave requests (requested easily through the app as well).
  • You and your employees are able to access a real time company-wide calendar.

Any changes that are made to the payroll data through the app are automatically synchronised with BrightPay Connect as well as BightPay payroll. Any adjustments are able to be made easily by you or any employees and all functions can be performed from any device at any location, making remote working efficient as possible.

You can find more articles and webinars on accounting here in our Learning Centre.

What you can do:

With Samera you are able to visit your online payroll portal data anytime, anywhere. All you need to do is log into your employer portal at any time, in any place. Log in from any smartphone, tablet device, laptop or computer. After this you are able to:

  • View all your employee’s current and past payslips
  • View employee documents
  • View real-time reports (employee reports e.g. Pension information, contact details, salary details)

Our system ensures that we are able to do our job for you as seamlessly as possible, while you can access any information you need easily and securely. We believe this process does not need to be a lengthy or tiresome process, for us or any of our clients. Having quick and easy access to these functions not only relieves stress but also saves a lot of time retrieving, asking and forwarding the necessary information between parties.

You can find out more about automating your finances here.

Dental Accounts & Tax Specialists

As dental practice owners ourselves, we know what makes a clinic tick. We have been working with dentists for over 20 years to help manage their accounts and tax.

Whether you’re a dental associate, run your own practice or own a dental group and are looking to save time, money and effort on your accounts and tax then we want to hear from you. Our digital platform takes the hassle and the paperwork out of accounts.

To find out more about how you can save time, money and effort on your accounts and tax when you automate your finances with Samera, book a free consultation with one of our accounting team today.

Dental Accounts & Tax: Further Information

For more articles, webinars and blogs on dental accounts check out the dental accountancy section of our Learning Centre and follow us on YouTube, Facebook and Instagram.

Making Tax Digital for Dentists

Making Tax Digital is the UK Government’s initiative to “make it easier for individuals and businesses to get their tax right and keep on top of their affairs.”

The goal is to make the UK’s tax infrastructure as digital as possible. It is hoped that this will make HMRC’s tax system more efficient, effective and easier to use and navigate for businesses. 

Making Tax Digital entails swapping your accounts and tax from paper records to online, digital records. The idea is for as many businesses and sole traders as possible to go completely paperless with their accounts and tax.

Making Tax Digital is split into the following phases: 

  • Making Tax Digital for VAT (April 2022)
  • Making Tax Digital for Income Tax (April 2024)
  • Making Tax Digital for Income Tax Self-Assessment (April 2024)
  • Making Tax Digital for Corporation Tax (2026)

So, how will Making Tax Digital affect dentists?

Samera have been my accountant for 7 years and have continued to provide me with accurate accounts and timely submissions. Their digital workflow eases the management of receipts and filing. I have found them to be supportive and knowledgeable particularly during the recent crisis. Thank you.

Five stars

Making Tax Digital for Dentists

Making Tax Digital for Dental Associates

The first phase of MTD was introduced in April 2019 in Making Tax Digital for VAT, which regulated business with a taxable turnover over £85,000.

On 6th April 2024 (originally scheduled for 2023 but pushed back due to issues arising from COVID-19), Self Assessment tax payers will also need to abide by the Making Tax Digital for Income Tax regulations. 

These new regulations in 2024 will only apply to Self Assessment taxpayers who file a taxable income above £10,000 a year. As a dentist, you almost certainly will.

Click here to listen to our podcasts on how dentists can reduce their tax bill.

For the most part, these new regulations will apply on 6th April of the 3rd trading year to businesses that begin trading after 6th April 2023. 

After 6th April 2024, you will have to use digital software to hold and process digital records of your accounts and tax. Paper records of your accounts and tax will no longer be allowed by law. 

The software you use to hold and process your digital records must be Making Tax Digital compliant. 

You can find a list of compliant software on the .gov.uk website here.

Your Self Assessment tax return will also change. You will instead be required to submit 5 reports throughout the year. These are, 4 quarterly summaries of your accounts, as well as an end-of-year report. 

The dates you will be required to submit these returns are: 

  • 5th August
  • 5th November
  • 5th February
  • 5th May

The end of year return must be filed by 31st January after each relevant tax year. Your tax bill will also need to be paid by 31st January following the relevant year, but you will be able to make tax payments throughout the year if you wish. 

You can find out more about accounts and tax for dental associates here.

Making Tax Digital for Dental Practices

Before April 2022, only businesses with a taxable turnover exceeding £85,000 must keep digital records and abide by Making Tax Digital regulations. After April 2022, all VAT-registered businesses must do the same. 

You can sign up to the scheme early voluntarily, no matter your taxable turnover. This may be worth doing, in only to give yourself more time to get used to the new process. 

Click here to watch our webinar on using Xero and Hubdoc for your dental practice accounts.

It is also required that your practice uses digital accounting software that is compliant with Making Tax Digital, such as Xero. You will need to keep your digital records for 6 years. 

You can find a list of compliant software on the .gov.uk website here.

Here is a list of example records you will need to keep from the UK Government website: 

  • your business name, address and VAT registration number
  • any VAT accounting schemes you use
  • the VAT on goods and services you supply, for example everything you sell, lease, transfer or hire out (supplies made)
  • the VAT on goods and services you receive, for example everything you buy, lease, rent or hire (supplies received)
  • any adjustments you make to a return
  • the ‘time of supply’ and ‘value of supply’ (value excluding VAT) for everything you buy and sell
  • the rate of VAT charged on goods and services you supply
  • reverse charge transactions – where you record the VAT on both the sale price and the purchase price of goods and services you buy
  • your total daily gross takings if you use a retail scheme
  • items you can reclaim VAT on if you use the Flat Rate Scheme
  • your total sales, and the VAT on those sales, if you trade in gold and use the Gold Accounting Scheme

You can find out more about accounts and tax for dental practices here.

Making Tax Digital With Samera

From 1st April 2022 we will no longer be accepting paper records for our accountancy clients. All accountancy and tax records will need to be in digital format. 

We only use software that is compliant with the Making Tax Digital scheme. We are a Xero Gold Partner and have been pioneering digital accountancy for dentists for years. 

When you go digital with our dental accountants, your accounts and tax are received, processed and stored safely, securely and easily. 

All you need to do is scan your receipts and invoices, upload them to Hubdoc and we will do the rest! 

The process is quick, simple and safe – which means you save time, effort and money.

Click here to read our articles Samera.

Dental Accounts & Tax Specialists

As dental practice owners ourselves, we know what makes a clinic tick. We have been working with dentists for over 20 years to help manage their accounts and tax.

Whether you’re a dental associate, run your own practice or own a dental group and are looking to save time, money and effort on your accounts and tax then we want to hear from you. Our digital platform takes the hassle and the paperwork out of accounts.

To find out more about how you can save time, money and effort on your accounts and tax when you automate your finances with Samera, book a free consultation with one of our accounting team today.

Dental Accounts & Tax: Further Information

For more articles, webinars and blogs on dental accounts check out the dental accountancy section of our Learning Centre and follow us on YouTube, Facebook and Instagram.

Fee Review

Are you setting the right prices?

Setting your fees correctly is so important in running a dental practice. Whilst you want to be compensated for your hard work and skills, it’s also essential you don’t price yourself out of the market and remain excellent value to the patients you serve.

Click here to read our article on Dentist and Dental Associate Expenses Guide

I wish other companies could replicate this level of customer service

Five stars

All too often we have seen dentists price their services based on local competition and then pray and hope that the fees are ok. But sometimes, the fee charged may not even cover the basic overheads of a business.

Our approach to pricing your dental services is analytical and thorough, ensuring you price your services profitably and effectively.

If you wish us to help you price your dental services, please get in touch.

Click here to read our articles on Samera Learning Centre.

Our Fee Review Process

The process involves us obtaining a list of all the treatments you currently provide, and the quantity delivered over the course of last 12 months. In addition to this we require details of the approximate time frame it takes to complete each treatment.

We then use financial data from you accounting records to work out the break even point per hour for your surgery. By using this information, we can highlight which treatments are being provided at low margins or a loss-making exercise. We will need a competitor analysis, which we can update if not most recent to then suggest at what rate the treatments will become profitable and remain competitive in comparison to the competition.

We will then calculate the revenue growth you will achieve with these new prices, for example a £10 increase in a treatment that remains competitive, which has been delivered 600 times over the course of a year will generate approx. £6,000 in revenue based on new pricing. Similarly, a treatment which is not breaking even per hour of the same nature would be costing you £6,000 annually which is a reduction in profit for the surgery.

You can then use this information to potentially consider other options such as offering surgery subscription plans to tie in the patients for reoccurring treatment plans and build a constant stream of revenue.

Dental Accounts & Tax Specialists

As dental practice owners ourselves, we know what makes a clinic tick. We have been working with dentists for over 20 years to help manage their accounts and tax.

Whether you’re a dental associate, run your own practice or own a dental group and are looking to save time, money and effort on your accounts and tax then we want to hear from you. Our digital platform takes the hassle and the paperwork out of accounts.

To find out more about how you can save time, money and effort on your accounts and tax when you automate your finances with Samera, book a free consultation with one of our accounting team today.

Dental Accounts & Tax: Further Information

For more articles, webinars and blogs on dental accounts check out the dental accountancy section of our Learning Centre and follow us on FacebookLinkedInYouTube and Instagram.

Samera Finance

Amount

Term

Monthly Repayments:

2.5%

Total Cost:

2.5%

*Calculations are indicative and intended as a guide only. Based on the average rate of our lowest risk businesses. Excludes loan origination fee

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and simplified application process.

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How much could you save?

If you are seeking finance for your dental, pharmacy, vet or healthcare business, Samera Finance can assist you in securing the right loan on the best finance terms using our extensive years of banking and financial experience in the healthcare sector. All or team are experienced ex-healthcare bankers.

Samera Finance works with lenders across the whole UK market and we can ensure you get a finance deal that is right for you. We have found the lowest interest rate being offered is not always the best deal available, as there may be other conditions of the loan that do not suit your needs.

Simply sign up, let us know some key information and once your application is completed and approved, we’ll get to work finding you the right business loan (facilities) for your healthcare business. The process is easy, quick and secure so apply now to start, buy or grow your business.

Samera Finance App
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Or, get started on the Samera Finance website.

Click here to read our article on A guide to tax loans


Debt refinancing with Samera

As you can see in the example below, a small change in the interest rate being paid – 1.6% in this instance, is saving this client over £170,000 over the term of the loan. If you have debt and are paying 3% plus above base rate, do get in touch, we can assess your specific situation and if appropriate help you save on the cost of borrowing.

Existing LoanRefinanced Loan
£800,000£800,000
Term 20 yearsTerm 20 years
Rate 4% (plus base) = 6.25%Rate 2.4% (plus base) = 4.65%
Monthly repayments = £5844Monthly repayments = £5196
Total repayments = £1,403,520£1,230,240
Savings£173,240

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Nigel Crossman

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Nigel

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Dan Fearon

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“It took only days to get the finance in place and furthermore Nigel Crossman has gone over his remit in helping me along the process with valuable advice that saves me much time and money! Basically if you want a result call Samera!”

“Great service, really paid attention to our needs and offered us the appropriate advice. In particular we were impressed with the time, dedication and focus given to help us finance our acquisition of a dental practice with good rates. We also managed to stay in communication during unsociable hours which really made the process convenient for us. Very helpful.”

“Very quick to get me the finance I had struggled for several years to get. I will definitely be using this service again in the future!”

More on healthcare finance

  • Financial Health Check-up

    It’s time for your financial health check-up, we will analyse your spending and cash flow to identify the areas where we can save you money.

    Read more

  • Acquisition Finance

    You need to ensure that you get the best finance deal available in the market when investing in your own business.

    Read more

  • Refinancing

    We tend to review our car and house insurance costs on a regular basis but seldom look at the costs of our borrowing.

    Read more

  • Property Finance

    There are many different products available to finance commercial property purchase and development.

    Read more

  • Asset Finance

    We can help find you the best price and the right terms for your business. We do not charge you for sourcing asset finance.

    Read more

Become a partner

  • Suppliers and Partners

    By working with Samera, you can ensure your clients get the finance they need, when they need.

    Read more


FAQ’s

Do you have further questions?

If so, please send us a message via our contact form.

How do I apply?

All you need to do is sign up and fill in the required forms. The process is quick, streamlined and only takes a matter of minutes. Once we have assessed and approved your application we will get to work sourcing the best business loan for you.

What is a healthcare business loan?

A healthcare business loan is finance that a healthcare business borrows to fund the start, running or growth of their business, such as for buying equipment and assets to aid their business.

A personal loan can be used for non-business purposes such as purchasing a new home or maintaining a car, but not for business purposes.

A business loan allows you to borrow money from financial lenders and use the money for purely business-related costs and projects.

What different kinds of healthcare business loans are there?

There are several different forms of business loan available to your healthcare business. Which business loan is right for you will depend on factors such as what you need the loan for and your ability to repay it.

These are some of the different options available to you:

Acquisition finance:

Acquisition finance funds the purchase of an existing business or shares in a business. Whether you want to buy your first healthcare business, buy shares in an existing business or buy a second business, you will most likely need to borrow acquisition finance.

Asset finance:

Asset finance is a business loan raised to fund the purchasing, renting or maintenance of business assets like equipment or any other assets that help your business function, such as vehicles.

Refinancing:

Sometimes you can get more favourable terms on your loans by refinancing the debt. This means that you can renegotiate factors such as the interest rate or the payment schedule by taking out a new loan with better terms to cover the old one.

Commercial mortgages:

A commercial mortgage is simply a mortgage used to purchase a commercial property, like the site for a new healthcare clinic or a new premises for your business. Commercial mortgages can be repaid over 15/20/25 years and allow you to spread your payments over the life of the business.

Tax loans:

Sometimes, an unexpectedly heavy tax bill can create a huge hit in your working capital. When this happens, it can be better to spread the cost of your tax bill over the year with a tax loan. This loan covers the immediate bill and allows you to pay in smaller, monthly instalments.

Working capital and cash flow loans:

When your working capital takes a hit, your cash flow can be reduced drastically. When you have to dip into your working capital for an unexpected purchase, it may be best to borrow the money instead. This way you can spread the cost across the year, rather than taking it all out of the working capital in one go.

How does taking out a business loan work?

When you take out a business loan for your healthcare business, you borrow the money in a lump sum and pay it back in instalments (plus interest payments). This allows you to make purchases you otherwise would not be able to afford, and also spread that cost over a longer period of time.

Loans are usually either paid back over a short term (2 years or less) or long term (3 years or over).

You also have the option in many cases to borrow a secured or unsecured loan. A secured loan is one which you guarantee with collateral. What this means is that you borrow the money against the value of an asset the business owns, such as a property. If you fail to repay the loan the lender will take the asset to recoup their loss. An unsecured loan does not require collateral, however, they usually come with less favourable terms. This is because the risk to the lender is greater.

Am I eligible for a healthcare business loan?

To find out if you are eligible to take out a business loan, simply click ‘apply now’, fill in a few forms and we’ll let you know how much you could possibly borrow. Any loan is, of course, dependent on the business having the ability to meet the payments

Lenders, such as the banks, like lending to healthcare businesses. Get your applications, your financial forecasts and your business plan right and we can help you find the right business loan for your healthcare company.

What information will I need to provide to the lender?

Lenders will want to see a range of information and documentation. It is essential that you get this step correct. The lenders will reject your application if the projections are wrong, the business plan is poorly done, you have a poor financial record, and that’s just a few reasons.

The banks will want you to be able to provide evidence of:

  • Your previous earnings in your healthcare field.
  • How you handle personal finances.
  • Your living situation, whether you own or rent your home.
  • Career in healthcare so far and any management experience.
  • Ability to repay any loan.
  • Personal savings
  • Tax payment records.

To find out more about making sure your loan application is successful, click here.

I’ve been denied a healthcare business loan before, can I still apply?

If you have had a business loan application rejected in the recent past, you may need to improve your credit rating and financial standing before you can reapply. Or, it may be that you were not talking to the right people! You may need to approach alternative lenders or adjust your application and business plan. Contact us today to find out how to improve your chances of applying for a business loan.

How easy is it to take out a healthcare business loan?

Applying for a healthcare business loan is not always an easy business. Even when it is, there’s no guarantee that the loan you take out is the best available.

To make the process easier, increase your chances of a successful application and ensure you get the best deal around, we have created the Samera Finance app. We have been working in the healthcare finance market for decades. We know how to format your application, who to approach and how to negotiate the best deal, thanks to our extensive experience and contacts.

Applying for a business loan for your healthcare business is easy when you use Samera Finance to do the hard work for you.

How much can I borrow for my healthcare business?

The amount you can borrow will depend on a wide range of factors. These include your ability to repay the loan, what you intend to use the money for and your current financial situation.

Samera Finance can help source loans to cover small purchases for consumables and small assets, as well as larger loans to purchase property or another business.

Use our finance calculator above to see how much you can borrow.

What information will I have to provide when I apply?

The information we require will vary case by case, depending on what kind of loan you need and what you intend to use it for.

This is a basic list of the kind of information we will require:

Personal   

  • Personal Profile Form – details income and expenditure
  • Personal Banks Statements – last 6 months   
  • Last 3 years associate accounts
  • CV

Business

  • Last 3 years practice accounts
  • Practice Management information – if available
  • Practice sales particulars
  • Business plan
  • Projections may be required
What is the interest rate for a healthcare finance business loan?

The interest rate you get will vary case by case, as well as varying between the different lenders too.

The average interest rate for a healthcare business loan is typically around 2.85% – 3% for a purchase. However, Samera Finance can help negotiate the interest rate to make sure you get the best price available.

How soon will I need to start repaying the loan?

When you need to begin repaying your healthcare business loan will depend on the terms of your loan agreement. In many cases, you will need to start repaying the next month after receiving the money. However, we may also be able to negotiate a repayment holiday, where you have a grace period of around 6-12 months before you need to begin repayment.

How long will I be repaying my business loan?

The payment schedule for your loan is known as the term length. The term length will depend on what you negotiate in the application, as well as the kind of loan you are borrowing.

Some loans, such as bridging loans, are repaid within 12 months. Other short term loans will be repaid within 2 years. Long term loans over a period of longer than 3 years.

Remember that it is often the case that the longer the term length, the lower the interest rate you will pay.

What is a fixed interest rate loan?

A fixed interest rate means that the interest rate will remain the same throughout agreed period of the fixed-rate repayment schedule. Therefore, if the Bank of England base rate rises, your payments will not be affected – since your interest rates are fixed. This means you can more easily budget your cash flow, knowing these payments remain fixed.

However, this does also mean that your interest rates will remain the same if the Bank of England base rate falls.

What is a variable interest rate loan?

A variable interest rate is one that can fluctuate according the to Bank of England base rate . This means that if the Bank of England base rate falls or rises, so too will your loan interest rate.

Although this can sometimes mean your interest rates fall, it also makes your payment schedule hard to predict.

If the Bank of England base rate rises unexpectedly, you may find yourself with an unexpected hit to your cash flow.

Does Samera Finance lend money?

No, we are not a financial lender. Samera Finance is a commercial finance broker. That means that we use our network and connections within the UK healthcare lending industry to find the best loans and negotiate the best terms.

We find the right finance, make sure your application is right, negotiate the terms and ensure you get the best loan for the right price.

Dental Buying Group

Join

Join

the Samera Alliance Group

Piggy Bank

Save

money on your consumables and products

Graph

Grow

your profits


Why join our Dental Buying Group?

The Samera Alliance Group supports independent dentists like you with access to the very best prices in the dental market, ensuring your business can achieve the best possible margins.

With our buying group power, we continue to widen our supplier network, bringing dentists the best possible prices for all amenities.

How the Samera Alliance Dental Buying Group can help you and your business?

Mask

Save money on Consumables
and Equipment

Devices

IT Infrastructure

Scanner

Digital Scanners

Umbrella

Indemnity Insurance

Software

Software For
Your Practice

Bolt

Review Energy and
Business rates

Checklist

Dental Compliance

Health and Safety

HR and
Health and Safety

Samera Alliance Partners

What do you get when you join the Samera Alliance Dental Buying Group?

We’ll help you save money in your practice with exclusive discounts on dental products, equipment and consumables with our dental buying group.

Buying Group Features

  • Gain access to significantly discounted dental consumables through negotiated deals by Samera Alliance.
  • Enjoy reduced rates on dental repairs and maintenance services, ensuring cost-effective solutions for your practice.
  • Access pre-negotiated deals on essential overheads such as utilities, IT services, CQC compliance, HR support and waste management, streamlining your operational costs effectively.

FAQs

Do you have further questions?

If so, please send us a message via our contact form.

What is the Samera Alliance?

The Samera Alliance is our growing network of dentists, practices and leading industry suppliers, designed to help you save money, grow your profits and build a better dental business.

The Samera Alliance is all about saving your practice money with our Dental Buying Group. By joining the Samera Alliance, you gain access to exclusive deals and offers from our partners. The Samera Alliance Buying Group can save you money on the consumables, equipment and products you need in dentistry. Samera Alliance is FREE to join. There’s no catch or hidden costs. Just free access to exclusive discounts

Why have we set up this buying group?

Here at Samera, we wanted to allow smaller independent dental practices to operate on a level playing field with some of the dental body corporates out there when it comes to buying their consumables or equipment.

At Samera, we believe we’re all stronger together. As a Group, we can match the buying power of the corporate dental groups and get you cheaper deals on goods and discounted rates for services.

What is in it for you?
  • Gaining better buying power
  • Larger discounts
  • Reducing your monthly material bills 
  • Introduction to third-party services

By combining the purchasing power of our growing network of private dentists, we can source consumables, equipment and supplies at significantly discounted prices. Larger buying groups can obtain far greater discounts than individual practices. Coming together to negotiate collectively greatly elevates the leverage you have to get the best deal possible. 

Join our growing network of practices to benefit from lower prices, save money and grow your practice’s value. 

  • Partner up and work with our community to see significant reductions in cost through combined purchasing power. 
  • Connect with industry-leading manufacturers and suppliers to ensure you purchase the cutting-edge equipment, technology and supplies. 
  • Better deals, negotiated through the Samera Dental Buying Group.
  • Access to advice and guidance on asset finance and dental technology. 

Be a part of a growing buying group, get the best deals on the market, and grow your practice’s profits.

What kind of things can I purchase?

By joining our buying group, you will gain access to lower cost consumables, equipment and aesthetics solutions – everything you need to equip and kit-out the modern dental practice.

Supplies: Over 27,000 consumable products available to order.

Digital products: Digital software and products from leading manufacturers, as well as access to training, technical support and engineering teams.

Specialist equipment: Including orthodontic, surgical, endodontic, Loupes and oral hygiene products & equipment.

Aesthetics: Specialist facial aesthetics and non-surgical skin rejuvenation products, including dermal fillers, botulinum toxins, skin peels and cosmeceuticals.

Services and repair: Our buying group has access to one of the largest engineering teams across the UK and Ireland, who can service, test and repair your practice equipment.

How do I join?

Simply click ‘Sign up now’ above to either register now or book a free consultation with our buying group manager.

Once you are a registered member of the buying group, you’ll be able to see all of the exclusive deals and make your purchases.

Do I need to be a Samera client to join?

No, you do not have to be a Samera client, the Samera Alliance is open to any dentist or dental practice that wants to save money and grow their profits.

However, if you are an existing client then let us know, as our accountancy and practice start-up clients can enjoy an introductory offer.

How much does it cost?

The Samera Alliance (our Dental Buying Group) is completely free for everyone to join. That means you get cheaper dental consumables and supplies for nothing!

Do you make the purchases for me?

No, you will still purchase equipment, assets and consumables yourself via the links in the alliance website. However, your profile will be registered to the Samera Dental Buying Group, which will allow you to benefit from our discounted prices.

How much can I save?

Discount prices will vary between products and over time.

However, we have seen an average of 6-10% per month in savings.

How will this grow the value of my practice?

For every £1 you save, your practice’s value increases by over £6! Your practice’s value is calculated by multiplying your current annual profit by 6. Therefore, if you save £10,000 somewhere, your practice’s value goes up by £60,000! 

For example:

If you save on consumables:£1£1,000£10,000
Your practice value increases by*:£6£6,000£60,000
*Based on an EBITDA multiple of 6x EBITDA

Nothing to be sniffed at, and it’s a no-brainer, no-risk service to you.

To find out how much simply saving money on your consumables can grow the value of your practice, enter your current annual profit and consumables bill. Then just let us know how much you want to cut your consumables bill by and you’ll see how much your practice could be worth when you save. You’ll be surprised how much your value can grow!

Try our practice wealth calculator:

Your Current Annual Profit:

Your Current Practice Value:


Your Current Annual Consumables Bill:

Cut Dental Consumables By:

Annual Saving Made In Dental Consumables:

New Dental Consumables Cost:

Your New Practice Value:

* Assuming EBITDA of 6x
How do I get better deals through the Buying Group?

Buying Groups use their numbers as leverage to get better prices since it means they purchase items in large bulks far more often than an independent practice, or even a small dental group.

A Buying Group represents a far greater source of regular business and, so, they often get better prices then others.

The more members of the Buying Group, the better the prices we will be able to negotiate for this exact reason.