Sectors we can provide an FD service to:
Dental
Medical
Vet
Pharmacy
Our Finance Director Service is an additional service that is commonly purchased with our Annual Accountancy, tax, and book-keeping services.
Our Finance Director Services include:
Ongoing FD support, dedicated to your practice. Based on your needs, each month your FD team can:
- Review your financial health and processes
- Maintain and enhance operating budget and financial forecasts
- Support purchase contract reviews and negotiations
- Conduct strategic analyses and provide recommendations to improve sustainable profitability
- Review the optimum tax structures
- Assist with pricing strategies for your services
- Aid with valuing your practice and identify core areas to change to improve the business valuation
All of this will be supported with the financial information we are preparing monthly or quarterly for your practice.
How we work
A dental business has unique financial challenges that call for skilled expertise. Yet as a dental professional, nearly all of your training was focused on healthcare provision.
Our FD services can take much of the financial decision-making burden off your plate, giving you more time to see patients and enjoy your life.
Our FD service is delivered as a team. This team is lead by Arun Mehra FCA.
Arun Mehra FCA has over 20 years in advising dental practices and will be available at each virtual meeting to discuss the financial and commercial aspects of your practice.
He will be supported by one of the team’s accountants so we have access to the latest data about your practice to enable us to interpret and make quality decisions from the data.
A pre-booked virtual meeting is arranged each month which lasts 60-90 minutes each month to discuss the financial and commercial aspects of your practice.
No area is off limits, and Arun will bring his wealth of experience to help you and your practice.
Samera Finance Director (FD) Services
A dental business has unique financial challenges that call for skilled expertise. Yet as a dental professional, nearly all of your training was focused on healthcare provision.
Our FD services can take much of the financial decision-making burden off your plate, giving you more time to see patients and enjoy your life.
Practice Financial Planning
Your practice is the beating heart of your cash flow. And you want that heart to be healthy.
Samera FD services offers integrated services that optimize all aspects of your business to boost financial success. We take the guesswork out of scaling your wealth and guide you toward smart financial decisions that accelerate your success.
You’ll get proven solutions for everything from taxes and financial analysis to exit plans. These solutions will help you achieve financial independence earlier in life.
Tax Planning & Preparation
A comprehensive financial plan isn’t complete without tax planning. You need to consider your current taxes, your taxes on investments as they grow, and your future taxes that will affect the withdrawal of assets in retirement.
Samera FD services is experienced in applying legitimate but assertive tax deductions that allow you to retain more of your earnings.
Because we are involved proactively throughout the year, we make sure that all tax strategies – business and personal – are properly implemented.
Accounting
As your practice grows, its accounting needs become more complex. It’s important for you to know the true profitability of your business. You want to be sure you’re on track to meet your financial objectives.
Samera FD services will give you detailed accounting reports each month that summarize the financial health of your practice. These reports will also allow you to compare your overhead to industry norms as well as track your progress toward specific financial goals.
Our accounting team not only reduces your administrative burden, but provides visibility to your business performance.
Funding
In order to develop your practice, you will quite likely need to seek funding at cost-effective levels. Through cash flow forecasting and understanding your growth plans, we can source you both debt and/or equity financing to assist with your future plans.
Why choose Samera?
When you have a healthcare practice, the demands on your attention are many. Administrative tasks can consume much of your time.
Samera FD helps you prioritize personal and business financial planning. We take those burdens off your plate, so that you’re able to focus on what you do best – care for your patients.
Achieve financial freedom earlier
Our clients become financially independent 10 years earlier than the average dentist. Samera FD services can create a roadmap for you to achieve your financial goals. We show you how to accomplish your dreams, care for your family and lead your best life.
Pay lower taxes
Our in-depth knowledge of the dental industry combined with accounting expertise enables us to advise you on tax reduction strategies. We’ll make sure you retain as much of your income as is legally allowed.
Boost and retain profits
We help you understand the financial drivers of profitability and show you proven strategies to minimize overhead while increasing revenue. These are techniques you can implement in your practice today to accelerate practice growth and see fast results.
Get out of debt
Most dentists come into their practice strapped with significant debt. Whether you have student loans, practice loans, or business loans, we can help you determine the fastest method to eliminate your debt and feel that massive weight lifted from your shoulders.
Enjoy work/life balance
In today’s fast-paced world, creating a work-life balance is a continuous process, especially when you’re operating a thriving healthcare practice. We help you manage your time and reduce stress to give you a happier, sustainable lifestyle.
Frequently asked questions
Below are some of the questions we get regarding our Finance Director services. If you don’t see your question answered here, please contact us. We’d be happy to speak with you about your individual situation.
What does it mean to have a finance director team?
You’ll have a team led by an experienced accountant in your industry. That advisor has a supporting direct team and a supporting indirect team.
• Your FD’s Direct Team: Supporting advisor and administrative assistant.
• Your FD’s Indirect Team: Dedicated members of our book-keeping, accounting, and tax teams. They’ll be working together with you to optimize every aspect of your business finances and tax
I already have an accountant. Why should I switch to your service?
We’re not just your accountant. We’re your FD, both for the practice, and for you individually; a strategic financial coach if you will. This is fundamentally a different model. The FD model is strategic, comprehensive, integrative, and most importantly forward-looking.
The accountant model is disjointed and backwards-looking.
With the FD service, you’ll get an overlay of regular, proactive advice; i.e. what to do to improve.
Specifically, you’ll get the following services:
• Business financial planning
• Strategic cash-flow forecasting
• Assertive tax planning
• Accounting and Tax advice
Is the FD service separate to your accountancy, book-keeping and tax services?
Yes, the FD service is an optional extra for clients willing to invest in the long-term growth of their practice. We will need to be carrying out all your accounting and tax compliance work, including monthly book-keeping, for us to provide an FD service to you.
How much is the Samera FD service?
A minimum fee of £550+Vat per month for a minimum period of 12 months for a practice with a turnover of up to £500,000 per annum.
For larger practices please get in touch.
Can you help me save money on my taxes?
Our in-depth knowledge of the healthcare industry combined with accounting expertise enables us to advise you on tax reduction strategies. We’ll make sure you retain as much of your income as is legally allowed.
What types of financial advice do you provide?
Our expertise extends well beyond accounting and taxes. With our decades of experience, working exclusively with healthcare businesses, we’re able to consult with you on key financial decisions, suggest strategies for profit improvement, and facilitate exit planning when the time is right.
Do Samera Finance Director’s services offer payroll and pension services?
Yes, we offer the full remit of payroll and pension services.
