Property Tax Accountant Services in Essex and London
If you are a landlord, property investor or developer who is feeling disheartened with the minefield of accounting and tax laws and all their complications, then look no further. Finance Equation specialises in tax and we serve buy-to-let landlords and large businesses in Essex and London. Our team are qualified chartered certified accountants and we enable our clients to maximise their wealth in order to be as tax efficient as possible.
If you want to reduce the amount you pay to each year, get your accounts in order, and yet still stay on the right side of the HMRC, we implement changes to help you such as the removal of mortgage interest relief, a recent change brought in by the government.
As a landlord, you’ll know that the implementation of Clause 24 has had a significant effect due to mortgage interest relief restrictions (MIRR). Clause 24 has significant ramifications for investors who hold residential properties in their names. You can find explanatory notes on clause 24 on the HM Treasury website.
Managing Property Tax Questions
Our team can help you navigate through the complexity to find the best solution for your specific needs. What’s clear is that you have to crunch the numbers to grips with the consequences of clause 24 on your particular circumstances. We recommend tailored solutions that will reduce the impact of Clause 24. There are legal ways that are supported by case law and statute.
There are numerous other considerations when it comes to looking at your investments. If you are a developer, reducing your VAT payable on development costs reduces your cash outgoing by as much as 12.5%.
If you are nearing retirement age and have equity in your portfolio over £650k – you should seriously look at inheritance tax planning. Also, having a will can help avoid HMRC from taking your hard-earnt money. Capital Gains Tax can also be a serious consideration for those looking to sell their properties.
Our Property Tax Advisory Services
We provide complete accounting and taxation solutions to investors, developers and owners of small or large investment portfolios. We pride ourselves on knowing everything about the buying and selling houses and how landlords can achieve financial success. If you are worried about your overall position, our team of advisors can help you and we use every legal option to reduce your overall liability. This will help you improve your cash flow and improve your return on investment.
We support the following processes for you:
- Prepare and submit your personal tax returns and perform your personal planning
- Explore all available options specific to you so that you can minimise your bill to its fullest extent
- Prepare your annual accounts and provide you with a full picture of your financial performance and situation
- Handle your bookkeeping so that you’ll always have up-to-date financial information
- Prepare and submit your VAT returns and advise you on all of your VAT relief and planning opportunities
- Provide Limited companies and advise you on whether you should incorporate or not
- Prepare corporation tax computation and provide you with expert planning advice
- Provide other accounting and compliance in accordance with your specific needs
Speak to a Property Accountant
Or team have the expertise to provide advice on all aspects of accounting which may affect you as a landlord. We have the knowledge required to answer any questions you may have and will find structures and strategies to help with your investment portfolio. Our aim is to help you increase your wealth and achieve your financial success.
We support buy-to-let landlords, developers and investment companies and real estate SPVs. Our mission is to help these businesses to succeed in achieving their financial goals by supplying them with specialist accounting solutions.
Get in touch to see how we can help your business.