Accounting services for Care Homes and Nursing Homes
The nursing home and care home industries are an integral part of our local communities. Running a nursing
home or care home business is a very complicated affair, particularly given that there is so much paperwork
and compliance that all care home owners have to adhere to. Every nursing home or care home owner
wishes that they could do away with the challenging task of running the home, and the preparing and filing
nursing home tax returns. Thankfully GM professional accountants are on hand to help them do just that.
GM professional accountants are specialized in the provision of tax and accounting services for nursing home and care home owners.
We have been working with clients in the care home industry for years, providing tax and accounting advice
that has saved our clients the trouble of doing it themselves. As such, if you need help with inheritance tax,
VAT, income tax and capital gains tax for your care home business we are available to help you sort it all
out. We will help you prepare accounts, predict cash flow, and offer cost-effective and robust tax and
accounting advice that is specific to the nursing home and care home industry.
Specialist Guidance and Advice
Whether you are a small or large care home providing specialist or nursing care in the public or private
sector we can help grow your practice.
We have in-depth knowledge of the health and wellbeing industry and we will work alongside you to help
you understand the financial aspects involved in running a nursing home. If you plan to grow through
acquisition or organically or if you intend to exit the business by selling it, we are here to provide support
and assistance, and advice you on the best opportunities available.
We can help you with:
1) Corporation and partnership returns, personal returns, and partial exemption VAT preparation.
2) Payroll, annual accounts, bookkeeping, and management reporting.
3) Business structure review and tax planning.
4) Benchmarking against other businesses in the industry.
In addition to the traditional accounting services, we have professionals who will advise and guide you on
employee management, taxation, and strategic planning.