HOW AN ACCOUNTANT HELP YOU MANAGE YOUR PROPERTY PORTFOLIO
Whether you have one property in your portfolio or hundreds, you must keep accurate records of all incomings and outgoings relating to your portfolio. These records are used to calculate how much tax you owe. Below are some of the services we offer our property owner clients:
- Maintaining financial records for the properties within your portfolio.
- Preparing management accounts.
- Preparing forecasts.
- VAT, tax planning and tax returns.
- Company compliance.
- Support and advice.
BENEFITS OF USING AN ACCOUNTANT
Keeping track of what is going on in your property portfolio is important, time consuming and at times complex. By using an accountant, you free up a considerable amount of time which can be spent on growing your portfolio. You also get peace of mind knowing that your books are accurately kept and that your returns are always filed on time.
WHAT COULD GO WRONG IF YOU DON’T USE AN ACCOUNTANT
Unless you are a qualified accountant, not using an accountant to help manage your property portfolio can be risky. As your portfolio grows, so will the number and complexity of the records you have to keep. Mistakes are easily made and mistakes can lead to expensive consequences, such as you paying too much tax or having to pay fines and penalties to the HMRC-who are particularly vigilant when it comes to property owners. Contact us today to discus how we can help ease the burden of managing your portfolio.