Service Charge Accounts
If you are a resident management company or an individual who manages a service charge, Acquis can help with your accounting and reporting in relation to service charge accounts.
We have a wealth of experience of producing service charge accounts for multiple management companies and as such operate a highly refined proactive approach that ensures they are delivered on time, every time with minimal impact on your time. Our work is carried out in accordance with the technical guidance issued by the Institute of Chartered Accountants in England and Wales, so you can have complete confidence in the integrity of our report.
As part of our service we:
- obtain the service charge accounts and check whether the figures in the accounts are extracted correctly from the accounting records maintained by or on behalf of the landlord;
- check, based on a sample, whether entries in the accounting records are supported by receipts, other documentation or evidence
- check whether the balance of service charge monies for this property shown on the service charge accounts agree or reconcile to the bank statement(s) for the account(s) in which the funds are held
Other services we can provide:
- prepare and file statutory accounts to comply with Companies Act reporting requirements
- calculate any corporation tax liability and prepare and file the related corporation tax return
- calculate any income tax liability and prepare and file the related trust tax return
- company secretarial services such as filing confirmation statements, filing of change of Director, PSC and Secretary forms with Companies House, drafting minutes for company resolutions and ensuring the company register is kept up to date.
