SPECIALIST INDUSTRIES

Accountants for Healthcare 

Expert Accountancy for Health and Social Care Businesses

Companies, social enterprises and non-profit organisations across the healthcare sector require tailored financial advice to ensure they maximise growth opportunities while having complete control over their budgets. Our talented health care accountants provide sector-specific knowledge and guidance to keep your finances on track.

Financial and Advisory Support for Healthcare Service Providers

Industry expertise is paramount for every health and social care business seeking accountancy services or advice – not least because the regulatory environment varies considerably from other sectors.

James Todd & Co’s health-sector accountancy specialists offer a range of services, from accounts preparation and audits to advice on capital allowances and VAT submissions. We can help you establish ways to improve tax efficiencies and assist when making big decisions about expansions, mergers and acquisitions.

We focus on precision planning and detailed forecasting, incorporating all the pressures your business currently faces. This proactive approach ensures our clients comply with all financial standards and reporting requirements while keeping pace with changes within the sector.

Budgetary management is a crucial area for health and social care clients, who need to manage finite resources or allocate limited workforce time while delivering exceptional quality care for their service users, ensuring their businesses are financially sound, and offer good value.

Our Accounting Services for the Health and Social Care Sector

The health and social care space is growing faster than any other due to demand, lack of capacity from public services, and increasing awareness of the support available from clinics, care specialists, therapists, care homes or home-based care providers.

Working with experienced health care accountants assures business leaders that their finances are under firm control; with a keen awareness of which services generate the best returns and meet the needs of their clients.

Economic challenges may relate to funding, local area financing allocations, or increasing costs of materials and staffing. Regular management accounting and quarterly reviews can uncover where those pressures originate and provide decision-makers with data-based metrics to make informed decisions about the best ways to move forward.

Growing Your Healthcare Businesses With Specialist Support

James Todd & Co provides a complete range of accounting and advisory services, working with clients over the long term to get to grips with their business position and tax profile.

Having this depth of understanding means we can react quickly to problems, provide advance information about changes to reporting requirements, or consult with business owners whenever they need professional financial advice. We work with:

  • Established health service providers, groups and social care enterprises.
  • Newer or fast-growing companies looking for advice to support rapid growth trajectories or optimise profits as they scale.
  • Healthcare business owners considering mergers, acquisitions or packaging their businesses for sale.

As an established accountancy practice with a comprehensive range of multi-skilled tax advisers, health sector specialists, and management accounting professionals, we offer a wide range of knowledge.

Alongside accredited accountancy services, we often assist health and social care sector clients with digitisation, transitioning from outdated paper-based record-keeping and accounting processes to agile, cloud-based accounting systems that can reduce costs, improve productivity and save time.

Selecting Accounting Services for Your Health and Social Care Business

We endeavour to be flexible – ensuring you can consult with us when you require our input, or outsource specific tasks related to your financial reporting, bookkeeping and tax submissions.

Management and Statutory Accounts

Our accounting teams can ensure you are claiming all tax reliefs, allowances and exemptions available to you, and that the figures and calculations within your year-end and management accounts are accurate. Advanced cloud accounting software enables us to extract information directly from your records – making it faster and easier to complete reporting without interrupting your workflows.

VAT Accounting and Reporting

VAT can be complex for health service providers. For instance, care homes are not permitted to charge VAT against care provisions but must pay VAT on many of the goods and resources they use. Professional VAT accounting ensures your returns are error-free and complete and checks that appropriate expenditures are supplied on a zero-rated basis.

Full Bookkeeping Support

Running a health and social care business commands a lot of juggling, making time a valuable commodity. Whether you need help getting your accounts into good order or wish to outsource your bookkeeping to our professional team on a long-term basis, we can assist.

Managing Tax Obligations

Forecasting taxation liabilities is important, as well as ensuring you file tax returns on time, comply with all statutory and regulatory reporting requirements, and understand how to extract information from your tax returns to review business performance. We offer complete tax planning assistance, including corporation tax and capital allowance calculations.

Business Growth Advice

We help health and social care businesses grow and expand, incorporating mentoring, detailed financial planning, coaching support and advice, looking at strategic ways to improve revenues or optimise efficiencies to ensure your business is financially stable and working towards your long-term objectives.

What we offer at a glance

Full accounting service

Business start-ups and company formation
Stress-free bookkeeping
Stress-free payroll
Cloud-based accounting

Quarterly review and management accounts

Goals to Growth consulting
Taxation support & advice
Fee protection service
Statutory audit

Trust us we’re Xero and Sage experts

Contact Specialist Health Care Accountants

To learn more about accountancy and financial advisory services for businesses and organisations across the health and social care industry, please contact us today to arrange a good time to talk.

Some words from our wonderful clients..

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"We have worked with Michelle and Kevin for many years. We were a small Partnership when we started using them for our annual accounts; as they grew as company so did we. With all their expertise and advice we turned our 500K turnover business into a 3.5 million Turnover business. They do our monthly management accounts and review and advise us on strategies to help us continually grow. The wide range of services they offer is amazing from Tax advice to Payroll and much more!"

- Danny Knight, Director, Knight Fencing Ltd. - client since 2007

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"Running your own business can be incredibly stressful, You need someone you trust who is on your side and who you can call whenever you need help or advice. I have that with James Todd & Co."

- Julia Haviland, Director, Brittain Marketing Services Ltd

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"James Todd & Co have been our accountants since 1997 and have provided excellent services throughout our time together. They have undertaken our CIS, Payroll, VAT and end of year accounts during this period and have been excellent throughout. They have a great team, all of which are a credit to the company."

- Steve Carder, Director, Facilities Fire Protection Ltd - client since 1997