Whether you’re a
property investor, a developer, a commercial property owner, a residential
landlord, or a secondary property agent (such as an architect, real estate
agent, or contractor), you need the services of a good accountant. The key is
to find someone who can do more than just keep your books in order—but someone
who can also serve as a risk analyst and financial advisor. The best
accountants can give you the information and advice you need to maximise the
potential of your property resources.
Choosing
an accountant for your property business
Property markets have
never been more volatile, and risks are extremely high. You therefore need an
accountant or an accounting firm that is committed to optimising the use of
your resources. The best firms can help you put together meticulous business
plans to maximise your profit margins.
Some of the most
respected property accountants in London offer a wide spectrum of tasks and are
able to handle transactions of any scale. They serve clients involved in
private residential properties as well as commercial land. You can count on
them to provide you with the reports and analytics you need to focus on growing
your property business. Below are just some of the many services you can expect
from a property accountant:
·
VAT planning
·
Financing property transactions
·
Stamp duty / land tax
·
Capital Gains maximization
·
Allowance- reliefs, reviews and claims
·
Treatment of tax in relation to renewable
projects
·
Treatment of tax on renting
·
Inheritance Tax planning
·
Cash flow management
·
Project planning
·
Payroll
·
Funding
The key is to work
with an accounting firm with
many years of experience in matters of property, land
development, construction, and other related fields. This will enable them to
recommend the most prudent solutions for your case—whether you need help with
taxation or matters of transactions.
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