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Service charge accounts

For advice, information or simply a quick chat about your service charge needs, please get in touch using our contact form

Landlords & Directors of Flat Management Companies can easily be bewildered by the range of filing options available to them for filing statutory service charge accounts. We can assist you with this work and ensure peace of mind when it comes to dealing with statutory filing matters. These services include:

Preparation of Service Charge Accounts & Statutory Accounts

Service charge accounts are prepared on the accruals basis and the accounts should include a balance sheet for the service charge fund, as well as an income and expenditure account and explanatory notes. The preparation and management of year end service charge accounts can be time consuming. We remove this headache by preparing your service charge accounts on your behalf in a correct and timely manner.

Tax advisory services

We carry out a range of tax compliance work for Residents’ Management Companies.

We work with companies on informing them on how to compute the amount of Corporation taxes currently due and unpaid.  We also advise on the Capital Gains when you sell a property to work out your gain and pay your tax on buy-to-let/business properties. Furthermore our service charge accountants offer tax advisory work including computation of tax liabilities which arise from Corporation tax, VAT, Trust tax, PAYE and personal taxes for directors or lessees.

If lessees are considering extending their leases then there may be unexpected tax consequences that arise as a result of the lease extension process. It is best to seek professional advice at an early stage to avoid a costly tax bill arising on the Company in the future.   

ARMA ACE Awards

Our service charge team is highly regarded in the Property Management sector and in 2017 we were crowned the “Service Charge Accountancy Firm of The Year” at the prestigious ARMA ACEAwards.

Talk to a service charge experts today

We have the specialist skills and experience to assist with accounting and services for Residents’ Management Companies. For tax advice, information or simply a quick chat about your service charge needs, you can call us on 01525 717424 (Luton), 02380 276323 (Southampton) or email us using service.charge@hwca.com

For advice, information or simply a quick chat about your service charge accounts, please get in touch using our contact form

Who we work with

The Haines Watts Service Charge Team has worked with Managing Agents, Surveyors, Landlords and Residents

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What we do

Read more about our services and how we can help your business

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Meet your team

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About Us

Haines Watts is a top 15 firm of chartered accountants supporting over 35,000 business owners across the UK.

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Luton

42 High Street
Flitwick
Bedfordshire
MK45 1DU

Southampton

130 Bournemouth Road
Eastleigh
Hampshire
SO53 3AL

Our addresses

Luton

42 High Street
Flitwick
Bedfordshire
MK45 1DU

Tel: 0333 777 8131

Southampton

130 Bournemouth Road
Eastleigh
Hampshire
SO53 3AL

Tel: 0333 777 8131