Service charge accounting
Specialist sectors
News
Top property experts honour Whitley Stimpson team
Directors and staff at accountancy specialist firm Whitley Stimpson are celebrating after being highly commended at the Ace Awards 2023.
Whitley Stimpson’s service charge team shortlisted for major national award
Accountancy specialist firm Whitley Stimpson service charge team has been shortlisted for a top property industry award.
Managing service charge accounts
Accounting for service charges in the property industry is a specialised area that requires expertise and an understanding of the sector.
Due to recent legislative changes and an increasing demand for property managers to provide more detailed financial information to its leaseholders, service charge accounting has become more complex to manage. Property management companies often fall prey to preparing accounts incorrectly and may not be compliant with current regulations.
It is vital for landlords and managing agents to get it right when running property management companies, residents’ management companies or right to manage companies, particularly when it involves important matters such as preparing annual service charge statements and statutory accounts, understanding the lease and legislative requirements, and undertaking assurance reports and audits.
Our dedicated and experienced service charge team work with over 200 property management companies nationally, and can help ensure you meet your service charge obligations. We offer tailored, straight forward advice on all aspects of service charge accounting, and as chartered accountants we can certify or audit service charge accounts, and prepare fully compliant statutory accounts.
Speak to a service charge accounting expert
Specialist sectors
News
Top property experts honour Whitley Stimpson team
Directors and staff at accountancy specialist firm Whitley Stimpson are celebrating after being highly commended at the Ace Awards 2023.
Whitley Stimpson’s service charge team shortlisted for major national award
Accountancy specialist firm Whitley Stimpson service charge team has been shortlisted for a top property industry award.
Whitley Stimpson host webinar on how the Spring Budget will affect you
Partners in your progress
Get in touch to talk to a knowledgeable service charge accountant.