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Property Accounting

Service Charges Accounts and Certification

Flat management companies, Residential Associations and private landlords appoint property management agencies for the running of the services within their buildings but some of the financial aspects of this work is not always their speciality.

We assist owners and their appointed property management agencies or chartered surveyors to meet their service charge obligations and obtain certification by providing a flexible, value for money service. We also support managing agents and property managers, making them more efficient and the whole process cheaper. We have considerable expertise and many years experience in this field.

Our property services include the following:

External service charge and audit

Reviewing service charge accounts for compliance with S.21 LTA 1985 & RICS management code

Ensuring recoverable and non recoverable expenses are correctly allocated within the terms of the lease

Providing handover reconciliation's on change of managing agents

Year end adjustments and journal postings

Attending AGM's and meeting with landlords and managing agents

Annual compliance reports for RICS and ARMA for managing agents

Preparation of statutory accounts for residents management companies

Dealing with usual Corporation Tax and Income tax affairs of companies and trusts

Providing comprehensive report for all concerned.

 There may also be other services, not listed above, but also listed on this website that we can provide to these clients.

 

Call us for a FREE initial consultation to find out how we can help you with your property accounting and service charge tax requirements.