3 Key Steps to Get Your Dental Practice MTD-Ready

Hi everyone,

If you’ve been keeping up, you know Making Tax Digital (MTD) is no longer just an option. It's coming and your practice needs to be ready. Let’s get right into three practical steps you can take now to avoid last-minute stress.

1. Assess Your Current Record-Keeping

Take 30 minutes now to look at how you're tracking financial data:

• Are you relying on manual logs or spreadsheets?

• Do you use basic software (that’s not necessarily MTD-compliant)?

If your system is clunky or manual, that’s your target for improvement so you're ready when MTD kicks in.

2. Explore MTD-Compatible Software

Start researching HMRC-approved options. Look for tools that offer:

• Automated bank feeds for effortless transaction syncing

• Easy expense tracking to eliminate wallet or paper clutter

• Simple, clear reporting to stay on top of your financial snapshot

Tip: Avoid diving into overly complex or non-compliant options. The goal is smooth, reliable compliance not bells and whistles.

3. Understand Quarterly Reporting

MTD shifts you from annual to quarterly reporting but not quarterly tax payments. Instead, you'll be sending updates more regularly. That might feel like a big change but in reality, it keeps you aligned with your finances year-round, instead of scrambling at year-end.

Pitfalls to Watch Out For

• Procrastination is your enemy - waiting until the deadline is risky.

• Non-compliance costs money - check that any software you consider is officially supported.

• Overlooking process change - set aside time now to train your team on any new workflows.

Learn more: Dive into our full Making Tax Digital resource for dentists:

 Tune in to this podcast: Making Tax Digital - What Dentists Need to Know

Next up

Next time, I’ll show you how going digital isn’t just about ticking the MTD box, it can actually make running your practice easier and save you a whole lot of time.

Until then, keep things simple and stress-free,

Arun Mehra
Samera