Accountants for Foster Carers
Our team of Foster Care Tax Specialists have more than 50 years of experience assisting Foster Carers with tax, national insurance and benefits matters.Â
We know all the quirks of fostering and can give you sound advice on any financial matter, there is nothing about fostering tax and accounts that we don’t know!
A personal service
Your selfless commitment to fostering is invaluable, and we understand that managing your finances may sometimes take a back seat. That’s where our specialised accounting services come in.
All Foster Carers are allocated their own specialist consultant to look after them. You can phone, e-mail or even visit your consultant if you wish – a personal service is key to us.
Services we provide to Foster Carers
01
Tax Return Preparation
Let us handle the paperwork while you focus on what matters most – providing a loving home for foster children. Our expert accountants will ensure your tax return is accurate, timely, and optimised to maximise your deductions.
02
Tax and National Insurance Advice
Make informed decisions with our personalised advice on tax and National Insurance. We’ll help you understand your obligations, explore potential savings, and optimise your financial position.
03
HMRC Representation
Dealing with HMRC can be daunting, but you don’t have to go it alone. Our experienced team will liaise with HMRC on your behalf, ensuring any queries or issues are addressed promptly and professionally.
04
Expense Claims Against Enhanced Fees
Foster Carers are entitled to claim expenses against enhanced fees, but navigating the rules can be tricky. Let us help you maximise your claims and minimise your tax liability, so you can focus on providing the best care possible.
05
Specialised Knowledge
We pride ourselves on our in-depth understanding of the unique tax rules governing fostering, including Staying Put and Shared Lives Schemes. With our expertise, you can rest assured that your financial affairs are in capable hands.
06
Personalised Support
We understand that your financial situation is unique. Our dedicated accountants will work closely with you to provide tailored solutions and answer any questions you may have along the way.
Book a meeting
Book a free, no-obligation chat with our experts where we find out a bit more about your business, explain our services, and how we could work with you.
Foster care accountants for independent agencies
Independent foster care agencies play a crucial role in providing safe and nurturing environments for children in need.
Xeinadin has helped over 40 agencies to grow and develop their businesses. We were involved in setting up the first Independent Fostering Agency in the country, and our expertise and experience in the sector is second to none.
We also provide advice to both Independent Fostering Agencies and Local Authorities on various matters relating to fostering.
Support for your foster carers
One of the first tasks we undertook for ISP in 1988 was to look at the income received by the carers. The Independent Fostering Agency wanted to pay them a professional ‘fee’ but did not wish to burden them with bookkeeping and substantial tax liabilities. We negotiated a very beneficial deal with HM Inspector of Taxes that we were able to replicate with other Inspectors around the country. When HMRC wanted to standardise the arrangements for all foster carers in England, we were involved in the negotiations.
Foster care accountants seminars
Our foster care accountants are always happy to attend any training courses or seminars that you run for your foster carers. The only cost is the reimbursement of travelling expenses.
We will provide information on tax, national insurance and benefits. We will advise on how to register with HMRC and the process for completion of the self-assessment tax returns.
We can personalise the course to your requirements. We can also provide material for your foster carer handbooks.
Find your local office
With offices across the UK and Ireland, we have one of the largest office networks of any accountancy firm. Â To find your local Xeinadin team, just click the button below.
