Property owners (both residential and commercial) and estate agents know that there’s an enormous number of different financial areas to consider when buying, selling, or renting out property.
From having to contact HM Revenue and Customs (HMRC) to let them know you’ll be receiving rental income, to knowing what business rates you or your tenants will have to pay when moving into a new commercial property, there’s a lot to keep track of in order to ensure you stay on the right side of the law.
For this reason, there are a lot of benefits to working with an accountant specialising in the accounts of both residential property owners (landlords) and commercial property owners. Just a small number of these benefits are as follows:
We know our stuff
Here at Tax Agility, we have been working with property owners for YEARS/DECADES. For this reason, we know exactly what taxes you need to pay if you just bought a commercial property, or indeed we know exactly how you need to report your rental earnings to HMRC if you have started out renting residential properties for the first time.
Other accountancy firms that don’t specialise in this area will take up your valuable time by having to look these things up, and potentially even miss them altogether, which could be very costly to you.
We keep an eye on tax changes that may affect you
Equally important to knowing our stuff is our willingness to keep an eye on all and every change to the tax codes and legislation that may affect how much you, as a property-owning accountancy client of ours, is liable to pay.
Though it’s rare for a large, overarching tax change to be enforced under the radar, smaller changes can often come up that catch out property owners who are tasked with dealing with their own accounts, or indeed these changes can even catch out accountants who are not well versed in the complexities of property ownership taxes.
We provide a full-service accountancy experience
Here at Tax Agility, we provide a full-service accountancy experience to all of our property owner (both residential and commercial) and estate agent clients.
We understand the problematic tax implications of owning, buying, or renting property, and we take it upon ourselves to ensure you only pay the tax liabilities owed to you, nothing more, while keeping your books up to date and in line with the law. No property owner can operate without having their books in order – we make sure you’re always operating both legally and efficiently.
Experienced Accountants for Property Owners
To speak with a professional accountant to discuss our unique accountancy packages for residential (landlords) and commercial property owners, contact us today on 020 8780 2349 or get in touch with us via our contact page to arrange a complimentary, no obligation meeting.