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. 

We know all the quirks of fostering and are able to give you sound advice on any financial matter. We truly understand fostering.

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.

Accountants for foster carers

Services we provide to Foster Carers

01

Foster Care Taxation Expertise

Foster carers often have unique tax considerations. Our experienced accountants are well-versed in the intricacies of foster care taxation, including tax exemptions, allowances, and deductions specific to your role.

02

Financial Planning

As a foster carer, your income may fluctuate, and expenses can vary widely. We’ll help you create a personalised financial plan that accounts for these fluctuations, helping you maintain financial stability and achieve your long-term goals.

03

Record Keeping

Proper record-keeping is crucial for foster carers. We’ll assist you in maintaining accurate records of all financial transactions related to fostering, making it easier to provide necessary documentation when required.

04

Claiming Expenses

We’ll identify eligible expenses you can claim, such as room and board, clothing, and school supplies, ensuring you receive all the financial support available to you.

05

Compliance and Reporting

Foster care regulations can be complex. Our team will ensure that you remain compliant with all reporting requirements, minimising the risk of audits or penalties.

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.

Get in touch

Whether you have a clear goal in mind or are open to exploring possibilities, we’re at your service to assist you.

Tailored accounting services for independent foster care agencies

Independent foster care agencies play a crucial role in providing safe and nurturing environments for children in need. However, managing the financial aspects of your agency can be complex and time-consuming. Over the years, our Foster Care team have helped more than 40 agencies to grow and develop their businesses.

Our team were involved in setting up the first Independent Fostering Agency in the United Kingdom, and our expertise and experience in the sector is second to none.

Accountants for foster carers

Why choose Xeinadin

01

Comprehensive Financial Management

We offer a comprehensive suite of accounting services tailored specifically to the unique needs of independent foster care agencies. From budgeting and financial reporting to payroll management and grant tracking, we’ve got you covered.

02

Compliance Expertise

Foster care regulations and reporting requirements can be challenging to navigate. Our team of experts is well-versed in the intricacies of regulatory compliance, ensuring that your agency remains in good standing with all relevant authorities.

03

Grant Management

Independent agencies often rely on grants and funding to support their operations. We will assist you in applying for, managing, and reporting on grants, helping you secure the resources necessary to fulfill your mission.

04

Cost Analysis and Reduction

We’ll work closely with your agency to identify cost-saving opportunities and improve financial efficiency, ultimately allowing you to allocate more resources to your core mission of providing quality foster care services.

05

Streamlined Payroll

Ensuring that foster care workers are compensated accurately and on time is vital. Our payroll management services will help you streamline this process, reducing administrative burdens and ensuring compliance with employment laws.

06

Financial Planning

We’ll help you develop a sustainable financial strategy that aligns with your agency’s goals, allowing you to plan for the future while maintaining the highest standards of care.

Find your local office

With more than 130 offices across the UK and Ireland we have one of the largest office networks of any accountancy firm.  To find your local Xeinadin team, just click the button below.

Get in touch

Whether you have a clear goal in mind or are open to exploring possibilities, we’re at your service to assist you.