Exit and succession planning is all part of a business lifecycle, and for the care home operator, how a business has been structured over the years should be revisited, as part of any discussions around exiting the business in a timely fashion and maximise the net proceeds.

Setting the appropriate succession and exit plan for a care home operator is imperative, safeguarding the future of the business as well as tax planning mitigation.

When considering succession and exit planning from your care business this tends to be a plan some years before the actual deed takes place.  There is something to be said for having all ‘your ducks in a row’ when you decide to sell your business to a third party or pass it on to the next generation, usually a family member.  Your Selling Agent, Accountant and Solicitor all have a vital role to play in the selling process. 

COVID-19 and its aftermath isn’t going away, therefore, it is vital you are equipped to manage it. However, with the government COVID-19 guidance ending employers are having the spotlight shined on them to keep their employees and those in their care safe. 

Introducing GP Connect: Access Record (HTML) will allow non-clinical staff filtered access to the GP record, supporting Health and Social Care providers to deliver the most safe and effective care.  

Looking at a growing trend in the converted care home property market there are several options to pursue.

Thinking about buying or selling a Care Home?  Considering the CAPITAL ALLOWANCE history of the business is vital.

Read our latest tips here regarding capital allowance due diligence and apply for ‘an initial no obligation consultation’ 

 As part of a modernisation programme for Companies House the government issued its final White Paper on Corporate Transparency and Register Reform at the end of February 2022.

The reform will include some significant changes to statutory filing requirements, including profit and loss accounts for small and micro entities.

Hazlewoods Partner, Rachael Anstee, shares her thoughts on the Research & Developments (R&D) tax credit regime whereby tax claimants claim tax relief via a regime that was introduced for Small & Medium Enterprises (SMEs) in the year 2000, referring to ‘innovative projects in science and technology’ with the regime under the spotlight in the Spring Statement 2022. 

Fulcrum Care have appointed renowned care sector leader Karen Johnson as their new Head of Quality Assurance, with the promise of future service announcements by the care home consultancy service.

Karen will head up Fulcrum’s quality assurance team and support the continued growth in the business by implementing a new ground-breaking extension of services to clients.

With the combined impact of BREXIT, Covid, geopolitical impact, tax rises and inflation, April brings with it a ‘chill’ in the air!  So how can the charity and not for profit arms of the social care sector rise to the challenge?

The Care Quality Commission has set out a new strategy for a more data-driven approach in health and care sector regulation.

The change intends to make the CQC a smarter regulator, but care home owners will need to be prepared for new systems coming into place.

The Institute of Health and Social Care Management (IHSCM) has launched its People Plan for Social Care in the House of Lords, after initial discussions dating back to August 2021.

The Plan aims to bolster the public understanding of the social care sector, maintaining momentum which started with the pandemic.