Commercial service charge accountants
We know that the key issues affecting commercial managing agents are:
- Improving relationships between Landlord and tenants
We can help you manage these issues.
We will prepare a report on the necessary service charge reconciliations in accordance with the best practice guidance from the Institute of Chartered Accountants in England and Wales (ICAEW) – TECH09/14BL.
The guidance requires the reporting accountant to provide an assurance report that gives credibility to service charge reconciliations and to state that the accounts are compliant with best practice guidance, as per 3rd RICS Code, “Service charges in commercial property”.
We have substantial experience of accounting for mixed-use developments and schemes of all sizes, containing both commercial and residential elements. We can also help you prepare the following documents in accordance with 3rd RICS Commercial Code
- Statement of service charge expenditure
- Service charge reconciliation
- Apportionment schedules
- Reserve fund statements.
We are also able to advise on the appropriate VAT treatment in these circumstances to ensure you are tax complaint.