Property Management
Property management
A service charge account is specifically used in the property management industry. Such accounts are used by landlords, property management companies or property investment companies to collect service charges from tenants, lessees or leaseholders.
As these charges come under increasing scrutiny, residents are placing collective pressure and demands on their Managing Agent to provide independently reviewed or audited service charge accounts.
From an accounting perspective, this is a highly specialist area, requiring the attention of experienced specialists who can help you to produce these accounts in a timely fashion and with maximum cost effectiveness.
Cartwrights dedicated team of professionals have a proven track record in this field. Working closely with Managing Agents we can help you ensure that these resident demands are met and often surpassed. Whether you are actively looking for new Reporting Accountants or Auditors or simply wish to see how we compare to the competition, your current accountants and auditors, we look forward to hearing from you.
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Latest news from [Company name]
HMRC have proposed a new criminal offence for making reckless, untrue statements or declarations about what's known as 'direct taxes' - Income Tax, National Insurance and the like. For Customs and Excise and VAT ('indirect taxes'), it is already possible to prosecute individuals who make untrue statements or submit incorrect documents either knowingly or recklessly, without the need to prove dishonesty. The penalties for such offences can be severe, including substantial fines and imprisonment. The direct tax regime does not currently contain an equivalent offence.
A new Freedom of Information (FOI) request has discovered that health and safety violations cost British employers over £44 million per year. The Health and Safety Executive (HSE) revealed that serious breaches have resulted in an increasing number of prosecutions between 2023 and 2025.
The government has published a response to its consultation 'Land Remediation Relief' (LRR). The review sought to understand whether the Corporation Tax relief continues to incentivise the redevelopment of brownfield land and whether reforms are needed to ensure it remains effective, accessible and aligned with modern remediation practices.
The government has published a raft of consultations on tax and business policies. It is worth being aware of these, as they are a good indicator of future policy direction likely to impact small businesses.