Caring for the elderly and infirm is a major challenge for care home owners, with increasing life expectancy and issues over funding and fee levels proving to be of significant concern.
In addition, legislative changes are putting more pressure on care home staff and managers.
Our specialist team focusing on the care home sector is believed to advise more care home operators than any other firm of accountants in the UK. With our extensive knowledge of the care home industry we are extremely well placed to assist in maximising the profitability and value of businesses in the sector. We are also a partner in Buycarehome.com
As leading advisers to care home operators, we understand the issues facing such businesses.
- We have extensive experience in obtaining from HMRC any allowances which may be available on the purchase of Capital Equipment.
- Funding is always an issue for such businesses, and we have excellent contacts with the banks for the provision of finance to this sector.
- Many care home owners need advice on the best business structure for their continuing and expanding trade. We are strongly placed to advise on the merits of being a sole trader, in a partnership, in a limited liability partnership or operating as a limited company.
- We can help by providing support activities, such as bookkeeping and payroll, to enable owners and managers to concentrate on running the business.
Please give us a call to discuss this and the other issues affecting your business.