Carehomes

We have developed a tailored service specifically designed for the owners of carehomes. Through our experience in the sector we understand the issues faced by carehomes.

We provide proactive tax advice, through our unique service plan, in a timely fashion to make sure that all tax saving opportunities are identified and presented to the business owners. With the higher earner tax rate now at 50% this tax planning is more important than ever.

All our fees are agreed in advance so there are no unpleasant fee surprises.

By only employing qualified, highly trained and experienced client managers, we make sure that there is continuity of contact when the accounts are prepared and audited on a year on year basis.

If you own the carehome premises there may be opportunities to claim tax reliefs hidden in the cost of the premises. We are used to working with care homes to avoid the potentially significant double tax charge when the premises are disposed of or when the business is sold or passed on.

Our experience in the sector has lead a number of our carehome clients to change the structure of the business to generate tax savings and to provide protection to the business owners where they own the care home premises.

We can help you to retain key members of staff through the creative use of Enterprise Management Incentive Schemes (EMI schemes) – these are HMRC approved, share option arrangements.

Our extensive in house knowledge of all VAT issues surrounding the carehome sector means our staff are able to identify tax saving opportunities, for example, potential VAT savings in the use of agency staff.

We keep our care home clients up to date with the latest tax changes which helps them increase business revenue and profits.