Over the 30 years that FHP have been in business, it came to our attention that the services being provided in respect of accounting matters could be vastly improved. We have therefore started a new business that brings together all our property expertise and accounts knowledge.
We are offering a real value added service to property owners and we are able to deal with all of the financial issues that arise out of being an owner of a property, so you can focus on being the property owner and we can take away the burden of administration that is involved in a Limited Company or even private ownership where the VAT Returns and appropriate financial information needs to be prepared for Tax Returns.
However, getting the administration in order isn’t the end of the story, we can use your financial information to help you make informed business and personal decisions.
We can provide regular Management Accounts giving you a clearer picture on things like cash flow, profitability, performance ratios, funding, customer activity, credit control and budget comparisons.
Having a regular view of your business will help you to assess and adjust your plans throughout the year.
We can process your day to day accounts using cloud-based software. Log in anytime, anywhere on your PC or tablet and see up to date financials no need to call your accountants and wait for information to be sent to you, you have full exposure to all your accounts, it removes the need for you to employ your own accounts staff and as Xero certified advisors we are experts in this area.
Service Charge Accounting
Service Charge Accounts Residential and Commercial
We have considerable expertise in this area and relevant experience in the property sector. Our aim is to assist Property Management agencies, Chartered Surveyors and Property Owners to meet their service charge obligations and obtain certification, by providing a flexible, value for money service. We also try to work with the managing agents and property managers, making them more efficient and the whole process cheaper.
We will provide a detailed expenditure budget vs actual reports, a balance sheet and certification with compliance to RICS, we will ensure all recoverable and non-recoverable expenditure is correctly allocated within the terms of the lease.
Service Charge Statutory Accounts & Associated Company Secretarial
We can provide a full service charge package for commercial and residential management companies, we will take on all the associated work such as preparing statutory accounts, corporation tax and income tax affairs of companies and all associated company secretarial work.
We provide a truly comprehensive service, we handle all aspects of payroll for our clients from start to finish and take care of everything necessary for your company to be completely compliant with all the rules and regulations stipulated by HMRC.
We offer an easy to understand fixed fee payroll package.
Cloud based solutions are also available which can include the following:
- Access to your employee data, including the ability to set annual leave on the calendar and make updates to employee information.
- View the schedule of HMRC payments, outstanding amounts, and access the reports for each tax period.
Corporation Tax Returns
We’ll make sure your company tax affairs are legal and accurate, right down to the last detail. We can help with:
- Business tax computations
- Completing and filing company tax returns
- Maximising allowances and reliefs from earnings
- Dealing with HMRC enquiries
Personal Tax – Self Assessment
We can prepare and file your tax return on your behalf and advise you on payments that may need to be made to HMRC, as part of the service we can analyse your self-assessment return to see if any tax savings can be made.
We can handle your VAT returns on your behalf ensuring they are filled out accurately and submitted well before any deadlines.
To produce your VAT return all we need from you are your accounting records for each VAT period and we will do the rest. We will ensure that you reclaim the correct amount of VAT and that you are compliant with HMRC. Once we have your VAT return completed, we will send it to you for approval and then submit directly to HMRC for you.
VAT & Real Estate
Owners of property portfolios, developers and property investors also need to consider the impact of VAT considerations like whether to submit an option to tax the land and property.
We can assist with the initial registration process, the selection of the most appropriate VAT scheme, advise on record keeping ensuring that the maximum amount of VAT is recovered and help with completion of returns.
We can assist with VAT planning and administration and offer friendly expert advice.
We can create and register a company, specific to your needs, on a same day basis, and electronically, if required. Alternatively, we can provide you with an ‘off the shelf’ company.
All companies are required to have a registered office, but it is not necessary for this to be located at your operational address. If you decide to distance your registered office address from your operational base, then you may elect to use FHP Accounting Services address as your company’s registered office. This is a service that we provide to many of our clients.
Maintenance of Statutory Registers
We can maintain your company’s registers electronically or, if you prefer, in hard copy.
Preparation of Minutes
We can prepare draft minutes for directors’ and members’ meetings.
We can complete your company’s Confirmation Statement and submit filings at Companies House.
We also monitor the filing status of your financial statements to ensure that they are filed on time.
We can provide many company secretarial services such as but not limited to:
- Amendments to the officers of the company
- Changes to the Memorandum and Articles of Association
- Changes to Authorised and issued share capital
We can help you to decide on the best accountancy and payroll package to suit your business, and help with the set up.
Business Start up
We will help you:
- Decide on the most suitable structure for your business (i.e. sole trader, partnership, limited liability partnership or limited company)
- Help you decide on the most suitable software packages to suit your business
- Prepare a business plan, cash flow projections, budgets and trading forecasts
- Carry out registration procedures with Companies House and HM Revenue & Customs
- Set up an internal accounting system