What is Service Charge Accounting?
Under S42 of The Landlord & Tenant Act very lessee is entitled to receive a statement of account of expenditure to which they need to contribute towards as defined within the lessee’s lease.
What else needs to be considered?
Often a company will be linked with the relevant property. Dependent upon the entitlement to non service income, will dictate whether dormant or full company accounts will be required. Again we can fully assist and deal with all the compliance with HMRC and Companies House.
How Can We Help?
We provide best practice financial and compliance support to help you cut through the red tape and relieve the stress of potential financial exposure.
Service charge accounting services are tailored to your setup so get in touch with us and we would be delighted to talk about your setup.