Service Charge Accounts

If you are a Landlord, Tenant Management Company or Property Managing Agent then you are required to prepare service charge accounts for any property containing 5 or more residential units. For properties with 4 or fewer units, service charge accounts are not compulsory, but must be provided if a tenant requests them.

We are able to offer this service and have a vast experience of preparing service charge accounts on behalf of tenants, managing agents and RTM companies. Our specialised team always work closely with property managing agents to ensure the expenditure is thoroughly examined and verified for the benefit of all parties.

Our accounts comply fully with the legal requirements of both Companies House and the Landlord and Tenant act 1985 and always include an income and expenditure account and balance sheet as standard

Trust Tax Returns

We are also able to handle any trust tax returns which may be required if any interest is received on service charge funds held.

Property Payroll

If the property has employees such as cleaners or concierges, our payroll department can deal with the wages on a weekly, fortnightly or monthly basis.

We also deal with the filing of employer’s end of year returns and payment of payroll liabilities. HMRC have recently introduced stricter guidelines in which employers must operate, therefore it is vital that you keep up to date with his.