Operators may be missing out on big tax refunds

Posted on September 1st, by editor in Caring Times. No Comments

Owners and operators who have made significant investment in their property may be entitled to tax relief. Barry Laurie says that a skilled accountant has the potential to enable a care home business claim significant sums from the Inland Revenue. Care home operators are still ignoring the large tax savings they are due and are still paying far more tax than they need to – often by tens of thousands of pounds. Why? Because they are still not getting the right tax advice when they buy, build or extend their property. Though they may be able to look after their clients’ day to day accountancy needs, most accountants simply do not have the skills to give their clients the necessary advice for this type of transaction. When I wrote about this topic in Caring Times last year, I received enquiries from more that 50 readers from all over the UK. Since then, there have been a lot of developments – mainly in how the Inland Revenue handles tax claims. But the fundamental benefits to business remain intact and if you h

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