
Property Accountants
We work with key players in the property space, from visionary family offices and property agents to savvy developers and investors. As accountants with a wealth of property experience, we are well positioned to advise on all aspects of your finances, including reporting, compliance, FD services, tax structuring and more.
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Outsourced Solutions
By using the latest cloud-based technologies, we remove the stress of accounting and VAT & tax compliance. This means that you can run your business smarter, with more time to concentrate on your property ambitions.
FD Services
Need someone reliable to cut through the complexity and guide your strategy effectively? We have the skillset, tax knowledge and invaluable experience in the property sector – rely on us as your FD support.
Reporting
We understand that you want real-time management reporting in a digestible format that highlights your KPIs. Using the latest technologies we will streamline your processes, giving you meaningful and timely financial information.
Compliance
Ensuring compliance with VAT rules, MTD, CIS filings, payroll, corporation tax and LLP filings can feel daunting – simple mistakes can lead to substantial setbacks. We know the rules inside out, and we will deal with your filings with great care and accuracy.
Tax Structuring
The right ownership structure throughout the life of your property business is important. Your choice can have very significant implications, in terms of the management of tax flows and absolute after-tax returns. We help you get it right from the start.
Outsourced Solutions
Outsourcing can eliminate the stress of trying to run your finance function in house – here’s what we can do for you and your property business.
Harold Sharp offers a range of fully outsourced services, where we can run your entire finance function for you. We offer everything from day-to-day bookkeeping through to management accounts, statutory accounting, budgeting, forecasting, and strategic fiscal management.
We strive to make your life easier – here’s how:
- We will liaise with your key stakeholders to ensure a coordinated and efficient approach.
- We can give you the management reports you want and undertake the tax reporting compliance you need.
As a result:
- You can be confident that you have the information you need when you need it.
- You can impress your stakeholders with prompt and relevant information, whether that is the bank, your co-investors, or your funders.
All at the pace you need and with the accuracy you need.
FD Services
Ever wanted to just pick up the phone and talk through your latest deal with someone who speaks your language?
You want someone to be there acting as ‘Finance Director’ for your business, whether over the phone or at meetings. You want a trusted adviser who cuts through complexity and speaks your language, so you can use them as a guide to the financial and tax aspects of your property transactions.
We are not just number crunchers, or there to advise on a single transaction. We have excellent knowledge and experience of property tax, compliance and accounting matters. You can use us as a resource to provide the Finance Director support you do not have in-house.
We will liaise with your legal team on the VAT and SDLT and will handle the reporting and compliance requirements, alongside a host of other matters. We can also pre-empt potential issues, help you to present reports to stakeholders, and more.
As a client, you will benefit from access to our extensive network of contacts – from banks and legal advisors to property managers and investors – so that you can maximise the potential for your property business.
We strive to help you succeed and we see ourselves as integral to your team.
Reporting
Get timely reports which give clarity. Impress your stakeholders and investors with the quality and presentation of your management information. Work with a team which understands your pressures, is responsive and is there to help.
We know that you want meaningful management reports which are:
- Accurate
- Punctual
- Relevant and easy to understand
We can offer you:
- Timely reports which provide you with clarity
- High quality management information to impress your stakeholders and investors
- A responsive team that understands your pressures and are there to help
We are used to tight reporting deadlines, typically 5 working days after a month end. Keeping to these deadlines is not optional – you can rely on us to deliver.
We make use of the latest technologies and coordinate with both you and your key stakeholders to understand your business and make sure we get things right. Our experienced team make sure the reports issued are accurate and complete.
We can also assist with ad hoc reporting requirements, budgeting, cash flows, IRR calculations, covenant testing and a range of other reports. Overall, it is a cost-effective way of dealing with your financial reporting requirements.
Compliance
We provide a full tax compliance service alongside our fully outsourced accountancy service. We take away the headache of dealing with tax issues, giving you peace of mind that you are compliant and that your filings are done on time.
Working in property involves a host of tax compliance requirements and ever-changing legislation. The depth, breadth and complexity of the UK tax code poses a challenge for all businesses and individuals alike to get everything “right”; and yet the risks of getting things wrong can be costly.
This is where our services come into their own, providing peace of mind that the compliance aspects of your business are being dealt with by professionals. Plus, do not be surprised if we find some tax-saving opportunities along the way!
Financial reporting compliance
- Ensuring financial statements are prepared according to relevant accounting standards and reporting deadlines
Tax compliance
- VAT registration, options to tax, VAT filings.
- Corporate tax calculations and filings – often involving a host of considerations: deductibility of legal fees, rent spreading, treatment of premiums etc.
- ATED calculations and submissions
- Partnership tax computations and partnership tax return filings (LLPs, LPs or simple partnerships).
- CIS returns
- Payroll filings (a full payroll service is available if required)
- Trust tax returns
- Trust IHT returns
- Personal tax returns.
- 60 day Capital Gains reporting
Company secretarial compliance:
- Maintaining statutory records
- Filing annual returns
- Managing corporate governance matters
This is often provided alongside a fully outsourced accountancy service, but we will tailor our services to your needs.
Tax Structuring
Getting the structure right from the outset will maximise after-tax returns. We believe in simplicity not complexity. There are many pitfalls which, with early advice, can easily be avoided. Tax may not be the only driver – you may also have concerns about asset protection for your family.
Choosing the right ownership structure at the very outset of your business is important for taxation, commercial, and legal reasons. Your choice can have very significant implications, at a time of potentially acute financial constraints, in terms of the management of early tax flows.
Ownership structure needs to be kept under regular review throughout the business’s entire life cycle because it is quite likely to change for a host of good reasons. Whether you are an investor, developer or sole trader, there is a lot to consider.
Getting this right, to suit the needs and circumstances of both you and your business, can save an enormous amount of tax longer term, avoid a whole lot of commercial risk and remove a significant amount of anxiety from your working life.
In the UK alone, there are a whole host of options for what you use as your business “vehicle”. These include:
- personal ownership
- joint personal ownership
- general partnership
- Limited Liability Partnership (LLP)
- Limited company
- trust ownership
- pension fund, and
- overseas options (in special circumstances)
These all have widely differing features, benefits and tax implications, so taking advice and planning your structure with experienced assistance is crucial.
Your proptech specialist
We work with you to cut through complexity and use the latest technologies to give you the time to realise your ambitions.
Our highly experienced property accountants team will help to:
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- Streamline your administration
- Assist information transfer
- Introduce digital solutions
- Use cloud solutions to give you extra fast and accurate reporting
At the same time, we know the sector and we make sure you are properly structured, tax compliant and take advantage of all reliefs.
“The team have supported the family for over 100 years, through many ups and downs, successions, recessions, restructurings, joint ventures. They have not only provided solid tax advice but have always understood, valued and respected us as a family at the centre of those discussions.”
Laura Montgomery, Managing Director – The Ellis Campbell Group