Accountants for UK care sector
The UK care sector is confronting huge challenges. The sector is highly regulated, experiencing increasing operational costs, difficulty recruiting and retaining staff, and low local authority fees, yet a care home business can still be a good investment choice, given the right accountancy support and business advice.
Accountancy services for residential and nursing homes
Residential homes face a number of financial hurdles, including cash flow, corporate finance, investments and taxation. Our experienced team of accountants who specialise in the care home sector understand the nuances of your business, and can help you maximise your profits and minimise your tax liability.
Accountancy services for care homes and hospices include:
- Company setup and startup
- Preparation of monthly and annual accounts
- Care home financial audits
- Cash flow management
- Bookkeeping, PAYE and Payroll
- Cloud accountancy services , setup and support
- Business Tax and VAT returns and advice, HMRC compliance
- Property purchase, stamp duty, capital allowances and fit-out expenses
- Exit strategies and raising corporate finance
- Charity audits and independent examination of accounts for hospices
Accountancy services for self-employed care workers:
- Expense tracking and reporting
- Contractors accounting and tax services
- Self assessment tax return preparation and filing
Adding value
You don’t have to find time for face-to-face meetings with us if you prefer to chat remotely. We’ll be proactive and keep you informed of tax changes and our personalised approach ensures that you have the right advice and guidance to help make your residential care business a success.
Next steps
Our experienced care home accountants understand the specific factors affecting care providers and can provide you with the expert advice and support you need to stay on top of your finances. We offer a free initial consultation so get in touch today to book your appointment and let’s work together to ensure your finances are as well looked-after as your clients.