At Perrigo Consultants we offer expert property accounting services and tax support to individuals and companies.
We provide property tax and accounting services personalised to your company and our fees are transparent, so we’ll make sure you stay in control of your finances. We strive to help you introduce new working practices in order to recoup the costs of hiring an accountant. Our team goes the extra mile to ensure that your business is running as smoothly and profitably as possible.
The Benefits of Hiring a Property Accountant
Whether you manage properties as an individual or as a business, you will benefit from an experienced accountant to help you manage your business. As an individual investor in commercial or residential property, an accountant specialising in property can help you organise your accounts, and give you guidance when you are applying for mortgages. This can be particularly helpful when you have a complex financial situation, are self-employed, and when you invest in buy-to-let properties. In addition, a property accountant can help you ensure that you are not paying more tax than you need to when you sell or rent a property. An accountant can also help you decide which structure is right for your business, whether that is a limited company, a limited liability partnership (LLP), a partnership, or a sole trader.
Even if you have invested in just one property on a buy-to-let basis, a property accountant can help you keep track of rental accounts, ensuring you have a full grasp on your business affairs (including whether you are running at a profit or a loss, spending too much on renovations or not budgeting enough on repairs, and if you are charging enough rent). He or she can work out whether you’re claiming enough self-assessment expenses, and help you navigate capital gains tax where relevant.
In general, hiring a property accountant can help you in two main ways. It can give you peace of mind that all your accounts are above-board and that you will have all your paperwork ready in time. But most importantly, it can save you money in the long run, as you will have expert advice that will help you to run your property business more efficiently.
If you have complex financial affairs – such as if you have your wealth tied up in assets or investments, or if you are self-employed – a property accountant can help you to apply for mortgages.
Property Accountants for Professionals
If you are a professional property dealer, developer, work in the construction industry, or are a surveyor, architect, contractor, or consulting engineer, a property accountant allows you to manage the specific risks and opportunities you face in your line of work. Alongside traditional auditing and accounting services, a property accountant can help you to manage and plan your corporate and income tax, as well as your national insurance, capital gains tax, Stamp Duty Land Tax and VAT where relevant. An experienced property accountant will also be able to assist you with Construction Industry Scheme compliance, Payroll Services, strategic planning, capital allowance/ capital allowances, employment tax, and much else besides. If you are a construction professional, a property accountant can help you monitor your construction projects and their tax implications. This is particularly important for large and complex projects involving large amounts of money and many contractors, where an accountant’s services will be invaluable.
As expert chartered accountants, we can help with all aspects of accounting services and support, from accountants for the self-employed or tax advice for limited companies. We offer services that are tailored to you, whether you want to meet in person at a location of your choice, chat over the phone or email, or through Skype. Our work is all conducted under a fixed fee arrangement, in order to give you certainty and clarity.
We will be pleased to review your current situation and advise you on how you could benefit from our expertise. Contact us today on 01299 488860 for a free, no obligation consultation for your property business.