Passman Leonard understands that running a successful estate agents office, or offices, means there will be not enough hours in the day. Dealing with accounting principles can take precious time and resources that would be better spent elsewhere – building your business and helping it to thrive.
To make time to focus on your business, our team has a wealth of expertise and experience in accounting for estate agents. We can guide you through the process of setting up the estate agent business correctly on the relevant software used for the monthly landlord statements. We pride ourselves on building good relationships with all of our clients, really caring about their business’s efficiency.
Estate agency accounting services
We provide a range of estate agents accounting and business advisory services including:
- Tax and accounts compliance services
- Taxation and business advisory services
- Business planning and strategic advice
- Annual accounts and management information preparation
- Payroll and bookkeeping services
- Client account management
- ARLA accounts reporting
- Capital allowance claims
ARLA audits
A service often needed by estate agents is an ARLA audit. ARLA is the Association of Residential Lettings Agents and is a membership division of Propertymark. If you are a PPD member, Partner, Principal or Director of a property company that holds clients’ money, you will need to submit an accountant’s report annually.
The report has to be completed and signed by a certified or chartered accountant who is a member of the relevant supervisory bodies. Passman Leonard will complete the necessary ARLA compliance reporting work, allowing you to focus on your business and giving you peace of mind.
How can we help your clients?
Our tax services are available to your clients too. We have many years of experience as Property Tax Advisors, in preparing both letting accounts and self-assessment tax returns. Our objective is to ensure that your clients understand their tax implications to help them plan ahead and conduct their affairs in a tax efficient way.
We will keep on top of legislation changes in property tax law and guidelines ensuring tax affairs are in order. We will do all the necessary computations, complete the returns, and even offer property business advice on how they can minimise their tax liability.
Also, do you know any of your landlords that may not have declared their rental income and expenses on their self assessment tax returns? If so, we can help your clients to ensure their tax affairs are up to date by using the Let Property Campaign Disclosure.
Setting up your accounting software
We can help you select the best accounting for estate agents system to fit your company’s needs. Using cloud-based accounting packages such as Xero and DEXT can simplify your bookkeeping to easily create business reports and records.
The software is easy to operate, connects your accounts directly to us, and gives you a live view of your financials. They are compatible with your smartphone and tablet, so you can access them from anywhere.
Let’s get moving…
We will get to know you and your business so we can offer you the best possible service. For an agreed monthly fixed fee, you will always know where your finances stand, and you will have a named dedicated accountant to support you.
With our expertise in accounting for estate agents, we can provide you with everything you need to make the right business decisions and boost your profitability.
Get in touch today via email info@passmanleonard.co.uk or call on 01895 434515 if you have any questions about accounting for estate agents.
