Services

Service Charge Audits

A Service Charge Audit is a specialised audit of Service Charge accounts for four or more properties in the same estate managed by a Landlord. The terms of the audit are governed by various Landlord and Tenant Acts.

Individuals

Every person who receives untaxed income is responsible for declaring their income to HM Revenue & Customs. The government has now declared its intention to prepare tax returns on an individual’s behalf. The data will be calculated on the data collected by HM Revenue & Customs. We strongly advise that any tax return submitted or created by HM Revenue and Customs is very carefully reviewed

Trusts

Simply expressed Trusts are formed by gifting assets to nominated people (beneficiaries) and the assets are managed on behalf of the beneficiaries by third parties – The Trustees. Trusts were first established in the time of the Crusades and have been the subject of much tax legislation since then. Properly established they can be very beneficial for future generations but need careful planning.

Unincorporated Partnerships and Sole Traders

In summary unincorporated Partnerships are effectively two or more sole traders working together for a common purpose. The legal compliance for Tax, VAT, APE are broadly the same as Limited Companies and LLP’s but the risk to personal assets in the event of non compliance.

Contact us

10 Town Quay Wharf,
Abbey Road
Barking
Essex
IG11 7BZ

0208 591 2391
accountants@garrodbeckett.co.uk

Membership

Newsfeed Search


Newsletter

With our newsletter, you automatically receive our latest news per e-mail and get access to the archive including advanced search options!

» Sign up for the newsletter
» Login