As of 2017, the care homes sector houses around 410,000 residents, bolstering the UK economy by £15.9 billion every year. Currently, there are 5,500 service providers in the country, which operate a total of 11,300 care homes.
The ONS also predicts a 36% rise in the number of UK residents aged 85+, increasing the number from 1.5 million in 2015 to 2 million in 2025.
As this sector grows, so will the opportunities to expand your business. You, therefore, need to trust an accounting firm that will not only make sure your books are updated and compliant with UK law, but can also act as your business partner to help you stay competitive.
As a nursing home owner, dealing with the day-to-day operations of your business takes up a huge part of your schedule. Having a specialist team on your side will free up your time, so you can better focus on the big picture.
AK Tax can help you administer payroll, minimise your tax liabilities, and take other time-consuming activities off your hands, including:
AK Tax will not only provide specialised accounting services for your nursing home. We will also work with you closely—much like a business partner would—so you’ll have a robust system in place that will let you grow in the face of increasing demands and high competition.
We offer the following services:
The nursing home sector is a potentially lucrative business to get into, and the sale and acquisition of care homes is a huge part of it. You, however, wouldn’t want to embark on this investment without the right accountant, as poor financial decisions may lead to lost revenue and a poor return on investment.
At AK Tax, we can provide assistance with:
As a responsible business owner in the UK, you are legally obligated to compensate your employees regularly and fairly. However, it is not enough that you just pay them every month. You are also required by law to run payroll. What is Payroll? Payroll is a process that includes accounting for payments and deductions, providing […]
After years of hard work, at some point, we’ll all want to finally stop working and get out of the day to day grind of being in business. However, without securing your pension, this future may be out of reach. Whether you choose to retire at home or relocate to another country, you’ll still need […]
Staying profitable as a small or medium-sized business is enough of a challenge that you don’t want to be paying more taxes for your expenses than you ought to. Here are the business expenses you can claim when filing your tax return. 1. Office Expenses You can claim expenses on the items that keep your […]