Property Accountants Services
Property is a sector that requires professional technical expertise and our specialist property accountant’s team at HWB has many years’ experience supporting and advising landlords, managing and letting agents on all aspects of the sector.
We act for a range of clients holding property portfolios, including residential property investors, buy-to-let landlords, in addition developers, construction firms, care homes, architects, managing and letting agents and estate agents.
Our team provide bookkeeping, management reporting, VAT returns and advice, preparation of statutory accounts, company secretarial services and property tax advice for individuals, partnerships and corporate entities.
Some of the property accounting sectors we cover include:
- Landlords and property developers
- Service Charge Accounting
- Managing and Letting agents
Property Accounting for Landlords and Property Developers
Our specialist property accountants and property tax advisers are well equipped to advise on the ever changing aspects of accounting and tax legislation faced by landlords and property developers.
We have built a reputation on working closely with our clients to achieve tax savings through proactive planning.
Our clients include landlords holding a property portfolio individually, in partnership, or in a limited company. In addition to routine accountancy and audit services, our property tax accountants can provide advice in respect of:
- Holding a property portfolio as an individual vs. limited company
- Mortgage interest relief for individuals
- Property VAT advice and planning
- Capital allowances
- Stamp Duty Land Tax (SDLT)
- Inheritance tax planning
- Annual Tax on Enveloped Dwellings (ATED)
- Non-resident Landlord Scheme
Service Charge Accounting
HWB have a dedicated team of property accountants who have extensive experience in the preparation, certification and independent audit of service charge accounts. Our team provide a fully outsourced accounting function to property owners and managing agents to free up time to meet client demands and satisfy lease requirements.
HWB prepare, certify and audit in excess of 600 block service charge accounts per annum.
Some of the services we provide include:
- Preparation and certification of service charge accounts
- Preparation and certification of common charge accounts
- Independent audit of service charge accounts
- Preparation of statutory accounts for ‘Right to Manage’ companies, company secretarial services and corporation tax returns where required
Whether you’re a managing agent or a landlord with a small number of properties that require service charge accounts, we can offer the right advice for you.
We are fully up to date with the latest guidance from the Institute of Chartered Accountants in England and Wales (ICAEW Tech 03/11 below) and the Association of Residential Managing Agents (ARMA).
Now is the ideal time to review your arrangements to ensure your service charge accounts are being prepared in accordance with these guidelines.
Managing and Letting Agents
With the increasing legislation faced by the property sector, managing and letting agents have registered with the Association of Residential Managing Agents (ARMA) and Association of Residential Letting Agents (ARLA) Propertymark to provide clients with a better service and financial protection.
Our property accountants work alongside managing and letting agents with their ARMA and ARLA Propertymark membership applications as well as completing the annual accountant’s reports required as part of their membership renewal.
Capitalise from our specialist knowledge
Why not arrange a FREE consultation and see out what we can do for your business.