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.
get in touch with us
Latest news from [Company name]
Begbies Traynor, a firm of business rescue and recovery specialists, have published their latest Red Flag Alert based on financial data from the last quarter of 2023. It makes worrying reading as they estimate that more than 47,000 businesses in the UK are near collapse because of being in critical financial distress.
The Department for Business and Trade are making changes that will ban dripped fees, make fake reviews illegal, and make sure that price labelling on supermarket shelves is clearer.
The government has pledged £500,000 of funding to help facilitate agreements that will allow UK professionals to qualify more easily to provide services in foreign countries.
In recent weeks there has been a flurry of online activity discussing the new law that will require online marketplaces to report information about income made by their users to HMRC. The discussion has led to many people asking questions such as “Will I have to pay tax on the money I make from selling my old belongings on Vinted or eBay?”