The power of attraction when building a successful property sector business

There is a well-known upside to being active in the property sector, but where there's an up there's also a down.

Property attracts investors, developers and constructors because of the potential profits than can accrue, but it also regularly attracts HMRC attention, very specific taxes, such as ATED, VAT, Stamp Duty & Land Tax and it attracts all manner of 'advisors' who might want to hang on to your shirt tails. And some in the sector can get persuaded by the perceived value of this multitude of advisors.

However, in our experience, unless they can co-ordinate seamlessly for you in advising on commercial, accounting and tax planning issues that might impact the growth and success of your business, at best there might be some valuable accounting guidance that could slip through your net and at worst your investments will start to appear unattractive to potential business partners. In short, there is a decidedly mixed picture out there of what is considered best advice for the structure of your business and the appropriate financial management that can determine your success.

At GSM we adopt an integrated, informative and individual approach to the property accounting advice we give our clients, so there are no holes.

Success in the sector is often down to the fact that long-standing property investors align themselves with the people who understand the challenges that property investment can bring and who are supportive when faced with the many intricacies that often surround complex property deals. Hence the importance for property businesses to have an accountant on board who enables investors, developers or constructors to make informed decisions and maximise returns.

GSM provides individual solutions and strategies that are tailored to your specific needs. In this way, you can take advantage of opportunities which not only appear attractive but can be confirmed by us, as your accountant, to be so.

From helping build property sector businesses of those who have had modest beginnings to those who have sophisticated investment strategies to fulfil, GSM has served them all with knowledge, experience and expertise and has proved to be a very attractive partner throughout our 100 year history.

It is with this in mind we have produced a pocket-sized guide for that journey. Property & Accounting is one of a series of pocket-sized guides, all economically housed in a rather attractive box!

You can pick-up our Little Box of Accountancy Best Practice by arranging a no-obligation meeting.

Call us today on 020 7935 3793