Aged Care

We have a thorough understanding of the aged care industry, including the reporting requirements set by the Australian Government. Our services include tax planning, bookkeeping and payroll management, compliance reporting, and strategic financial planning. When we look after your financial responsibilities, you can focus on providing quality care.

Understanding your environment

The aged care financial model comprises many aspects that are unique to the industry, such as Refundable Accommodation Deposits (RADs), Aged Care Funding Instrument (ACFI), and the need to submit annual financial reports to the Aged Care Quality and Safety Commission. We understand the requirements of each and will work with you to ensure your organisation is compliant in all areas.

Providing stability and efficiency

We can help your organisation to budget realistically and plan cash flow, so the business can achieve financial stability while meeting operational costs and maintaining high quality care. Understanding your costs provides insights into where efficiencies can be gained.

Claiming tax exemptions

For aged care organisations, GST obligations and exemptions can be complex. Some services are GST-free, but applying for exemptions requires expert knowledge. Other tax concessions, such as reduced rates for utilities, may also be available.

The importance of transparency

Gaining and maintaining the trust of your residents and their families, as well as your governing bodies, demands transparent financial reporting that is accurate and complies with regulatory requirements. The customised financial and accounting solutions we offer can address the specific needs of your aged care business.

Next steps

Our process starts with a discovery call and a scheduled meeting to understand your financial situation. Should you decide to move forward, we will work together to develop and implement a tailored tax strategy that aligns with your objectives.

Make an enquiry

The first step towards optimising your financial position is to make an enquiry with us.

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