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Care Home News

Your trusted healthcare accountant specialists

2015/16 year-end tax planning advice for owners and individuals

2015/16 year-end tax planning advice Would you like the opportunity to reduce the taxman’s take from your own and your family’s income? If so please continue on to read our year-end tax planning advice. Carrying out an annual review of your tax affairs could...

Important PAYE and employment tax changes 2016 that you need to know

Are you ready for the fothcoming PAYE and employment tax changes? There are some very important changes to PAYE and employment tax rules due to come into effect from April 2016. It is important that as an employer you are aware of these changes and, if necessary, have...

Are we heading towards energy efficiency in the care sector?

The opportunities for care home operators to achieve reduced running costs by becoming more energy efficiency are considerable. In this article we look at how care homes could reduce their energy bills through energy generation systems and/or more effective energy...

Are we ready to embrace technology in care homes?

The number of care homes embracing technology to improve the quality of life for residents, attract new private clients or reduce administrative burdens on staff is growing. Is the sector now fully accepting technology in care homes? Should the sector fully adopt...

Pharmacy global sum funding 2016/17 set to fall considerably

The government has announced plans to reduce the amount of funding for community pharmacies for 2016/17. In an open letter last month the Department of Health (DH) told the Pharmaceutical Services Negotiating Committee (PSNC) that "the budget for community pharmacies...

Predictions for the care sector in 2016 – where next for care?

What with the care sector in 2016 look like? There are more than 430,000 residents living in care homes across the UK and the sector employs over 1.4 million people…yet, many care home operators are facing an uncertain and challenging future. Four months ago, in our...

2015 performance benchmarking for small care homes

Welcome to our latest performance benchmarking for small care homes analysis. All care home managers and owners ought to know how their business is performing against its competitors. We recognise that each care home is different and that specific challenges can vary...

Care homes and preparing for the National Living Wage

With the introduction for the new National Living Wage set for April 2016 care home owners are understandably tentative about what the future holds. The impact of the National Living Wage on care services cannot be understated…with wages being the largest cost facing...

Care Home Autumn Statement 2015 review

On 25 November, the Chancellor delivered his latest Autumn Statement. In a year which has already seen two Budgets - which have both brought big changes to the care sector (particularly with the introduction of the National Living Wage, which is likely to have a...

AIA certainty – good news for care home operators?

The Chancellor announced in the Summer 2015 Budget that the Annual Investment Allowance (AIA) will be set permanently at £200,000 from 1 January 2016. George Osbourne had previously said that this would be included in the Autumn Statement, but this early announcement...

Technology in care homes – is your website effective?

Are you ready for tomorrow’s service users today? Have you considered the implications of technology in care homes? Whether you run a small home in the local area or have a group of homes with a national focus, it is time to start considering the implications...

National Living Wage – The impact on care homes

The government recently announced the introduction of a new National Living Wage (NLW) for working people aged 25 years and above. The impact of the National Living Wage will vary significantly across different businesses, but will be particularly significant for care...

Chancellor gives Annual Investment Allowance certainty

The Chancellor announced in the Summer 2015 Budget that the Annual Investment Allowance will be set permanently at £200,000 from 1 January 2016. He has previously said that this would be included in the Autumn Statement, but this earlier announcement provides welcome...

Care sector – what does the next 12 months hold?

The care sector continues to be challenging for operators, with significant regulatory changes coming into effect on 1 April 2015, coupled with increased compliance and funding pressures. Yet, the sector continues to be hot amongst wealthy new entrants looking to...

A welcome rise in fees for care providers

Following a recent report by the Sheffield City Council Communities Commissioning Service, ‘Fees and Market Analysis: Care Homes 2015/16′, of which you can find details here, residential care home and nursing home fees in Sheffield are set to rise by more than 2% for...

Care home fees & market analysis 2015/16

A recent report by the Sheffield City Council Communities Commissioning Service, 'Fees and Market Analysis: Care Homes 2015/16', highlights some interesting statistics that all regional care owners need to be aware of. The report sets out key demographics and...

Tax Rates and allowances 2015/16 – summary and details

Tax Rates and Allowances 2015/16 Many of the tax rates and allowances are fundamental to our business and personal lives and the main ones for the 2015/16 tax year are summarised here. We are sure that you will find it a useful point of reference throughout the coming...

Big care home compliance changes – are you ready?

As part of the revised compliance standards to be implemented by Care Quality Commission (CQC) it is vital for home operators to be aware of the financial aspects that the changes in legislation mean for them. From 1 April 2015, CQC will be recognised as the financial...

UK Minimum Wage set to rise again

The National Minimum Wage is set to rise by 3 per cent after recommendations from the Low Pay Commission (LPC) were made to the Government. The LPC recommended a further 3 per cent increase in the UK minimum wage adult rate to £6.70 an hour, following the increase...

Care home performance benchmarking Autumn 2014

All care home managers and owners ought to know how their business is performing against its competitors. We realise that each home is different but an analysis of margins, costs etc. against the competition can help highlight areas of concern and, of course,...

Confidential information security warning for health sector

Healthcare professionals and managers working in the Sheffield region are being warned of the grave consequences of allowing confidential patient or staff data to go astray. Damaged reputations and fines of up to £500,000 could result from breaches of information...

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