Care Home Accountant | Franks Accountants2024-05-31T09:16:08+00:00
Care Home Accountant

Care Home Accountant

Your Specialist Care Home Accountant that understand your unique challenges

At Franks Accountants, we pride ourselves on being more than just accountants. We are dedicated advisors with extensive experience in the healthcare sector, including residential homes, nursing homes, and specialist care services.

Our team understands the unique challenges faced by care homes and is committed to providing tailored, proactive advice to help your business thrive.

Why Choose Franks Accountants for Your Care Home Accountant?

Industry Expertise

As a care home accountant with strong portfolio of clients in the care home sector, we possess deep insights into the financial and operational challenges you encounter daily. Our experience enables us to offer practical, effective solutions that go beyond basic accountancy services.

Personalised Service

We take the time to understand each specific business we work with. By getting to know your unique needs and goals, we can provide bespoke advice that truly benefits your care home. Whether you run a residential home, nursing home, or a specialised care facility, our tailored approach ensures you receive the support you need.

Proactive Advice

As a Care Home Accountant, we believe in being proactive, not reactive. Our team is here to help you make the best financial decisions, from tax savings and cash flow management to strategic planning and growth. We’re your perfect sounding board for advice, ensuring your business stays on the right path.

Care home accountants Leeds

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Looking for an experienced Care Home Accountant? Arrange a time for us to call you back and we will provide more information about how we can help with your accounts and tax.
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Care Home Accountant Services

Comprehensive Accountancy Services

Strategic Financial Advice

Sector-Specific Support

Why Our Care Home Clients Trust Us

Our clients appreciate the hands-on, personalised approach we bring to their businesses.

Care Home in Newton Abbot

Client Testimonial: Somerforde Residential Care, Newton Abbot

Franks Accountants came highly recommended to us by another care home, Abbey Care Home, and they have truly lived up to their reputation. We were dissatisfied with our previous accountant who offered no solid advice and only handled basic bookkeeping.

Adam really took the time to understand our business. He travels from Yorkshire to Devon a couple of times per year, with the rest of our interactions handled remotely, which works perfectly for us. Adam’s dedication to understanding the intricacies of our operations has been invaluable.

Franks Accountants truly grasp the key metrics that make a care home successful in a challenging market, such as staff-to-turnover ratio and the importance of rewarding staff while maintaining profitability. Their extensive experience with other care homes means they know how to minimise risk and make smart investments back into the business.

Adam doesn’t just work with me as the owner; he also spends significant time with our managers. They value his advice immensely and look forward to his visits, as he genuinely engages with their challenges and provides sound solutions.

Thanks to Adam’s guidance, we’ve maintained an impressive 99.8% occupancy rate and a strong staff cost-to-turnover ratio. Alongside this, our staff retention and happiness have never been better, making us one of the leading employers in the area.

One of the many ways Adam has helped us work smarter and save money is by suggesting we rent printers instead of purchasing them, which resulted in considerable savings. He understands the importance of reinvesting in the care home, improving our facilities and decor to stay competitive.

I trust Adam’s solid advice completely and cannot recommend Franks Accountants highly enough. They have been a game-changer for Somerforde Residential Homes.

Jonathan Lobb, Owner of Somerforde Residential Care Homes

Frequently Asked Questions about Care Home Accountants

Can a care home accountant help with funding and investment decisions?2024-05-24T10:51:50+00:00

Yes, care home accountants can advise on the best funding options, whether through cash reserves, loans, or external investments. They help evaluate the risks and benefits of different investment opportunities to ensure sustainable growth and financial stability.

How can a care home accountant assist with financial planning and forecasting?2024-05-24T10:51:16+00:00

Care home accountants provide detailed financial analysis, budgeting, and forecasting to help you plan for the future. They assess financial health, predict future financial needs, and develop strategies to achieve long-term goals.

What are the tax benefits of working with a care home accountant?2024-05-24T10:50:06+00:00

A care home accountant can identify tax reliefs and deductions specific to the care home sector, optimise your tax strategy, and ensure timely and accurate tax filings. This helps minimise tax liabilities and maximise savings.

How do care home accountants help with regulatory compliance?2024-05-24T10:49:04+00:00

Care home accountants stay updated on the latest regulations affecting the care home sector. They ensure your financial practices comply with these regulations, prepare you for audits, and help maintain accurate records to avoid any compliance issues.

Can a care home accountant help with staff payroll and pensions?2024-05-24T10:48:02+00:00

Yes, care home accountants can manage staff payroll, ensuring compliance with tax and employment regulations. They also handle pension contributions and help design staff incentive programs to retain and reward quality staff.

How often will I need to meet with my care home accountant?2024-05-24T10:47:10+00:00

The frequency of meetings can vary based on your needs. Typically, care home accountants meet with their clients quarterly or bi-annually in person, with regular remote consultations to discuss ongoing financial matters and provide continuous support.

What should I look for when choosing a care home accountant?2024-05-24T10:27:12+00:00

Look for an accountant with experience in the care home sector, a good understanding of regulatory requirements, and a proactive approach to financial management. Client testimonials and a proven track record in helping care homes succeed are also important factors.

How can a care home accountant help improve my care home’s profitability?2024-05-24T10:26:07+00:00

A care home accountant can identify cost-saving opportunities, improve turnover (room rates), optimise tax strategies, improve cash flow management, and provide advice on investment and financing. They help you make informed financial decisions that enhance profitability while ensuring high-quality care.

What services do care home accountants offer?2024-05-24T10:23:32+00:00

Care home accountants offer a range of services including bookkeeping, payroll management, tax planning, financial reporting, budgeting and forecasting, cost control, and strategic financial advice. They also assist with regulatory compliance and risk management specific to the care home industry.

Why do I need a specialist care home accountant?2024-05-24T10:23:51+00:00

A specialist care home accountant understands the unique financial and regulatory challenges of the care home sector. They can provide tailored advice on cost management, regulatory compliance, and strategic planning to help your care home operate efficiently and profitably.

Care home accountant

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Arrange a time for us to call you back and we will gladly answer any questions you may have.
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Discover more about our Care Home Accountant Services

What We Do

At Franks Accountants, we don’t just offer standard accountancy and taxation services. We’ll provide you with everything you need to add value to, and grow your business.

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How We Work

Working with us is not about the ‘quick fix’ of getting your books done at the cheapest possible price, it is about investing in the success of your business with a view to maximising returns.

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Why Choose Us

Choosing an accountant for your business is a very personal decision as your accountant will get to know your business inside-out. Therefore, you need someone you can trust who will help grow your business.

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Accountancy Software

Advising you on the best accountancy software for your business. We’ll then guide you through the implementation process and provide continued support. We support  Sage, Xero, Receipt Bank, Quickbooks, and more!

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Switching Accountants

Many clients ask us about the switching process. It really is simple and hassle free. If you have any concerns about how this works, then find out more here.

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FAQ’s

Need more information? Here are some common questions asked by our prospective clients. If you can’t find the answer, get in touch, we’ll be happy to help.

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Laurie Moore
Laurie Moore
2024-02-14
very efficient, good advice and generally a positive service.
John Wood
John Wood
2023-05-17
This is accountancy as it should be done! Sam and the crew are as expert as it gets, always ready to offer support and expert advice and to assist in the seemingly endless interactions with HMRC. I really cannot recommend them highly enough. crawl on your bended knees over broken glass if you have to, but get to Franks accountants and leave them to take care of all the stuff you thought you understood ( but didn't!) Thank you all!
Louise Thompson
Louise Thompson
2022-11-18
I've been with Franks Accountants and his team for the past couple of years for various different services, including book keeping and annual returns for both my personal and company accounts. They're very responsive and knowledgeable and are patient with my questions and happy to jump on the phone whenever needed.
James Taylor
James Taylor
2022-11-12
Franks Accountants have been a breath of fresh air. Helpful regular communication, quick to respond to queries and sound advice. It’s like have an extension of our business team. They have helped our business remain profitable throughout some of the hardest trading terms of our 20 year history. We highly recommend Adam and his team at Franks Accountants.
Graeme D
Graeme D
2022-11-10
Great tax advice delivered in a no nonsense, personable style. Perfect for us.
Mark Coultate
Mark Coultate
2022-11-09
Would highly recommend. Excellent service
Carolyn Simpson
Carolyn Simpson
2022-06-10
I absolutely recommend Franks. The whole team is so supportive and no query is ever too small. They feel like an extension of our team and since working with them I feel much more confident in using our systems. Thank you to everyone for your expertise and professionalism - they are brilliant!
Kirsty Collinson
Kirsty Collinson
2021-05-27
Fantastic responsive accountants. We have been with Franks for quite a few years now and would highly recommend.
Craig Ward
Craig Ward
2021-05-20
We have used Franks Accountants for many years and service is always above and beyond! Getting the right advice is imperative to our success and continued growth! Thank you to Adam and your professional team for always being on hand.
David Macdonald
David Macdonald
2021-05-20
If you are looking for a proactive and professional accountant in Yorkshire, then you should be speaking to Franks Accounting. When we started the journey of finding the right accountant to support us 2016, it was like wallpaper - they all looked the same! Franks Accounting puts the customer at the heart of everything they do and put their clients first - always. They have been our trusted accountants since 2016. Make the first step and speak to Adam at Franks Accountants.

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