experience
Aged Care / Retirement Village Industry Experience
Michael Watson is a chartered accountant and specialist business advisor to operators in the aged care and retirement villages industry for almost 15 years.
As a partner in the Enterprise Advisers division of the firm, he advises operators regarding business planning, taxation planning and compliance, superannuation planning and a range of other legislative requirements which affect operators in the industry. He specialises in implementing financial management systems for improved financial performance and has a number of clients who he is in regular contact with, some of which are major players in the industry.
Michael has worked closely at Board Level with the Domain Aged Care Group and other significant residential aged care operators in Australia in order to develop their financial systems, which has led to improved financial performance. He has also undertaken various consulting assignments including assisting with aged care bed place applications, facility acquisitions, due diligence, finance applications and other aged care financial issues.
He is an approved key personnel under the Aged Care Act and is on the panel of the Commonwealth Department of Health and Ageing approved financial administrators in order to assist troubled operators in financial matters. Michael is a member of Aged Care Queensland’s Financial Issues Committee which meets regularly with operators to discuss and resolve financial issues.
areas of expertise
- Aged care industry
- Income Tax compliance and planning
- Financial Management/Reporting
- Profitability Analysis/Budgeting
professional associations
- Member of the Institute of Chartered Accountants in Australia