Property Companies

Accountancy for Property Companies

Build your property business on the right foundations.

When you’re building a property business, you want to know you’re doing things properly from the start.

Have you set the company up correctly? Are you using the right structure for what you’re planning to do? What can you claim? Could something you’re about to do trigger an unexpected tax charge?

And sometimes, you simply don’t know what questions you need to ask yet.

That’s why it helps to have an accountant who understands property, knows what you’re trying to build and is there when questions come up.

So you can make decisions with confidence rather than finding out later that something should have been done differently.

Your property accountant should understand property.

Property businesses aren’t all the same.

You might be building a buy-to-let portfolio, investing in commercial property, renovating properties to sell, looking at serviced accommodation or combining different property strategies as your business develops.

The right accounting and tax decisions will depend on what you’re actually trying to achieve.

You shouldn’t have to explain the basics of your property business to your accountant or wonder whether you’re getting generic advice that doesn’t really fit.

You’ll have someone who understands property businesses and can help you think through the financial and tax implications before you make important decisions.

Get things right now, so you don't have to fix them later.

Some of the most important decisions happen before your first set of accounts is even due.
You may be wondering:

Have I set the company up correctly?
Should I buy the property personally or through a limited company?
Do I need one company or more than one?
What can I claim?
What happens to the money I’m putting into the company?
When do I need bookkeeping software?
What do I need to do for Companies House and HMRC?
Could what I’m about to do create an unexpected tax problem?

You don’t need to work any of that out on your own. And you don’t need to wait until the year end to ask.

Bookkeeping you don’t have to worry about.

When you’re building a property business, the last thing you need is to spend your time learning bookkeeping software or trying to work out how every transaction should be recorded.

You’ll have accurate, up-to-date records from the start, giving you numbers you can rely on when you need to make decisions.

And when you have a question, you won’t have to start by explaining what’s happened in the business. We’ll already know the numbers and understand what’s going on.

So you can focus on finding, financing and managing properties rather than keeping the books.

Ask before you act.

Don’t wait until after you’ve made the decision.

Perhaps you’re thinking about buying another property, changing the way your business is structured, moving a property, investing in commercial property or spending money and aren’t sure how it should be treated.

You need to be able to ask: “What happens if I do this?” before you do it.

You’ll have someone you can speak to as your plans develop, so you can understand the financial and tax implications before making important decisions.

Because it’s much easier to get something right at the beginning, than try to fix it afterwards.

As your portfolio grows, the numbers matter more.

Your first property may be relatively straightforward.

Your fifth probably won’t be.

As your portfolio develops, you may be thinking about where the money for the next purchase is coming from, whether the business is generating enough cash, how your properties are performing and what you can afford to do next.

At that point, knowing what happened at the end of the year isn’t enough.

You’ll need more regular information, better visibility and more support with the decisions you’re making.

That’s exactly why our business services are designed to grow with you.

Not quite ready for ongoing accountancy support?

If you’re still at the research or planning stage and haven’t reached the point where you need ongoing accounting support yet, our property guide will help you understand some of the common mistakes to avoid when setting up and growing a property business.

Ready for an accountant who understands property?

If you’re building a property business and want to make sure the financial side looked after properly from the start, take a look at our business packages and choose the level of support that fits where your business is now.