Care homes and healthcare

Thompson Jenner have significant experience working with Retirement Homes, Nursing Homes, Private Hospitals, Care agencies, Dentists, Doctors and many other healthcare practitioners. We understand the need for careful planning of cash flows and help clients with business planning as well as planning to minimise taxation as well as the complex VAT issues that can arise, particularly on property. We also advise on the best method and time to extract profits from companies, to minimise overall tax liabilities.

Like any other business you have to ensure that there is a planned and workable cash flow.
As partnerships, medical practices also have the issue of partners leaving or retiring and how the process is managed to ensure a proper succession and both sides are content financially.

Care homes are a key component of this region’s economy. The sector has undergone painful upheaval over recent years, but now provides strong potential for business success by capitalising on investment and tax benefits, instituting stronger business and personnel management, and recognising the sale and acquisition opportunities.

How we can help

We ensure that your financial planning and cash flow is efficient and run like any other business. We can help with budgets planning and management accounts so you can predict incomes and expenditures accurately, allowing you take the right amount of salary at the right time.

As Chartered Accountants we specialise in both company and personal tax so whether you are buying a car, paying your salary or selling your practice you can be comfortable in the knowledge that you will pay the minimum amount of tax.

Let us worry about your financial health so you can worry about your patients’ health - contact us now to find out what we can do for you.