Ltd Company Vs Sole Trader: Does It Still Make Sense In 2025? with Johnny Minford [CPD Available]

Dentists Who Invest Podcast

Get your free verifiable CPD for this episode here >>> https://www.dentistswhoinvest.com/videos/ltd-company-vs-sole-trader-does-it-still-make-sense-in-2025-with-johnny-minford

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Join expert dental accountant Johnny Minford as we break down the pros and cons of operating as a limited company versus a sole trader in 2025. This episode dives into the often confusing world of tax decisions, uncovering key insights on potential tax savings and hidden costs that could affect your financial strategy. Whether you’re an NHS dentist or a private practitioner, understanding the nuances of incorporation and consulting with an accountant can make all the difference in shaping your financial future.

Discover the best tax strategies for limited companies, including tips on valuing goodwill, the timing of incorporation, and how to optimize profit extraction. We also discuss valuable opportunities for non-domiciled UK residents and the strategic use of voluntary liquidation for entrepreneurs’ relief, ensuring you get the most out of your business structure.

Looking ahead to 2025, we also explore how upcoming tax changes—such as the narrowing gap between income tax and capital gains tax rates—could impact your financial decisions. From pensions to long-term investments, understanding these shifts is crucial for securing your financial future. Tune in for expert insights that will empower you to make smarter tax and financial planning decisions in the dental industry.

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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.

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Chapters

1. Tax Considerations for Dental Professionals (00:00:00)

2. Tax Strategies for Limited Companies (00:16:39)

3. Tax Changes and Company Strategies (00:24:50)

4. Long-Term Financial Goals and Tax Strategies (00:30:11)

5. Tax Strategies for Dental Efficiency (00:39:02)