How specialist Care Home Accountants can assist your business

Specialist care home accountants can enable you to save money, enhance profits and assist you in planning for the future. However, there are numerous other ways in which a tailored accounting service can help your business, such as:

Compliance

care home accountantsCompliance is a major part of any organisation, but managing it is often considered as one of the most stressful elements of being a business owner; this is where a team of care home accountants can assist.

Annual audits, accounts preparation, payroll and regular accounting are just some of the ways a specialist service can reduce your compliance burden, while letting you concentrate on the other aspects of running a care home.

Developing your business

At some point, you might want to consider expanding your business beyond its current size. For instance, you could be considering purchasing another home or even expanding to a chain of homes; you’ll appreciate that such an expansion requires considerable planning and expert advice.

However, specialist care home accountants can talk you through the financial side and the implications, like Stamp Duty Land Tax and Capital Gains tax, while also offering advice to limit tax liabilities as your business develops.

Business Support

Business owners can often feel like they are struggling on their own, especially in industries that require high levels of dedication like the care home sector; therefore, it’s vital to have a good team that works well together.

However, sometimes it can feel difficult to know where to start when it comes to bringing the team together and getting more involved in the running of the care home.

To cater for these needs, OBC Care Home Accountants provides a team leadership and motivation programme to encourage the business to keep moving forward, and to get the team working as one, helping to relieve the pressure on the care home owner.

To find out how are experts can help you, contact our team on 01323 720555 or email info@carehomeaccountants.com

Why not request a free 70 point tax planning checklist by emailing Michael Ogilvie at mo@obcaccountants.com stating “70 point tax planning checklist” in your subject title?