It is a turbulent time for the care home sector. We read about closures and issues most weeks. Salary costs are increasing while Local Authority funding is being squeezed. Profitability can be stretched to breaking point in even the best-run, financially astute care homes.
So, if you thought that your care home’s accountancy partner is there simply to prepare your accounts, do an audit and tell you how much tax to pay, you’ll find working with mgr a very different proposition.
That’s because we believe in developing long-term business relationships, where our decades of care home sector experience can help you make more informed decisions about managing your business – and not just during the difficult trading conditions.
Our care sector specialists will be by your side to give you all the advice and support you need to help you grow your income and expand your operations. These include advising you on property, staffing issues and helping you set and manage your performance goals.
Ready to chat?
Our care home specialists are waiting for your call: 020 7625 4545
Or email us at: nigel.walfisz@mgr.co.uk
Care Home clients look to us for help with:
Due diligence on the acquisition of existing care homes
Tax planning – Income Tax (including, remuneration planning), Corporation tax, VAT, SDLT and Capital Gains Tax
Succession planning/considering exit routes and retirement planning
The purchase and sale of homes
Forecasting
Capital Allowances maximisation
Valuations
Benchmarking
Estate and Inheritance Tax planning
Management reporting
Business structure: group, company or LLP
Accounting and tax compliance services
HR and staffing issues, including: the retention and incentives for management and key personnel. Also, the review and/or drafting of employment contracts.
“mgr cares about my business. They are great professionals who over the years have become friends – and no, they didn’t pay me to say this!”
Paul de Savary, Home From Home Care