5 Reasons Why You Need a Specialist Care Home Accountant for your Business

A care home is a unique business model. If you’re not careful, the costs can become difficult to handle. That’s why you should make sure that you are using a specialist care home accountant for your company. There are many reasons why this is the right choice and will guarantee the longevity of your business.

Full Training

Specialist care home accountants have been fully trained to handle issues that business owners in this industry have. Experts in their field, accountants who specialise in home care, have years of experience working with similar companies and helping them to achieve their financial goals while keeping the costs as low as possible.

Help With Taxation

Business owners often struggle with taxation. If you don’t calculate the tax you need to pay carefully, you can be penalised by the government. You also need to make sure that you are paying the least amount of tax possible and a specialist care home accountant can help you do this. They will work to reduce your tax liabilities to the bare minimum, keeping your business model healthy and streamlining your company.

Access All the Services You Need

On top of this, with a specialist care home accountant, you will be able to access key services that you’ll need to keep your business financially viable. Accountancy like this provides everything from specialist management accounts to improvement reports. As such, you can be assured of a fully customised and personalised service package that is built to match your needs exactly.

Using a Focused and Driven Team

Many accountants have a realm of different responsibilities and clients in various sectors or industries. As such, their resources are often stretched thin to the point where the quality of service may dip from client to client. With specialist home care accountants, all the resources are pooled into one area. The accountant’s clients are working in similar fields with the same type of businesses. As such, the resources can be used in a more efficient way that is both cost-effective and allows for a high quality level of service.

Specialist Knowledge

When you use a business accountant, you are often looking for advice on the best way to manage your company’s finances effectively. While many accountants claim to have knowledge in this area, specialist care home accountants have specific training. As well as that, since they have experience working in this particular industry, they are uniquely suited to provide lessons from their experience. These accountants also have knowledge of how the care home system operates and what separates it financially from other business models.

As such, by using a specialist care home accountant, you can avoid the chance of receiving a cookie cutter service from a company that treats all business sectors the same. Specialist accountants know what makes your industry different and will provide a full service based on that knowledge.

If you are running a care home, you need the right person or company handling your finances with staff who know your business industry as well as you do. That’s exactly what you’ll get with OBC Care Home Accountants. Contact us to see how we can help.