Ethical Accountancy Practice for the Property Sector

The building of a property sector company and conducting multiple property transactions can involve many thousands of pounds and a number of parties. So it is vital that you get the right advice both on the structure of your business, of individual projects and the tax implications.

When active in the property sector, at GSM we believe there is a right way to do it and a wrong way!

As well as providing routine accountancy and audit services, as skilled property accountants we can provide constructive advice to help build your business successfully and ethically.

Whether you are acquiring commercial or residential property, or a mix of the two, for investment or sale, you need the right balance of accounting procedures in place to make for effective planning and importantly, to deploy those systems which are aligned with the aspirations you have for your developments, your investment and business.

If you are a builder, an accountant who has a thorough understanding of the HMRC Construction Industry Scheme and can interpret its nuances to the benefit of your business, means that even before a spade breaks ground, you should be able to rest assured that you are properly advised and that the right procedures are in place, so that the right deductions and declarations are made for any subcontractors, for example.

It's a complex web of regulation and relief in the property sector, so it's as well to have an accountant of some expertise and experience on your side to guide you through the intricacies.

From consideration of VAT on the land and property acquisition to ensure you don't have any higher costs than you need to, to making sure you get the maximum possible tax relief with the right Capital Allowances for you, you want to be sure that your plans are grounded in strong financial foundations.

Importantly, Stamp Duty & Land Tax are getting a great deal of HMRC and media attention at this time, so it is crucial to receive clear commercial and practical advice here too, so as to stay on the right side of the authorities.

Coupled with an understanding of what you are hoping to achieve in the longer term, as well as for individual transactions, the right planning and advice can not only help to simplify your tax obligations, but also can keep you on top of continually altering legislative changes.

Contact us today to arrange a free, no obligation meeting to hear more about our Ethical Accountancy Services for all in the property sector.