Are you a new developer? Or an established property developer? We can help you manage your accounts and handle tax obligations, ensuring you’re always on top of everything.
We’re also accountants for landlords so, you can rest assured that we understand the ins and outs of the real estate sector, from the accounting and tax side of things. As our client, you also benefit from your very own personal accountant, which is included in our accounting packages – this means you never have to worry about extra fees or hidden charges.
Get in touch with us to learn more about what we can do for you.
For Property Developers
We work with a vast range of clients who invest in property, and we always make sure to tailor our services to meet your specific needs and requirements. After all, no business is the same, so having one-size-fits-all accountancy wouldn’t allow us to provide the top-notch service we offer all our clients.
If you’re a property developer, you’ll be pleased to know that we can help you navigate the buying and selling process when it comes to taxes and VAT, just to mention a few of the factors you should take into account in this sector.
Keep track of your finances with FreeAgent
We also understand you’re busy. So, we aim to make your life easier by handling your accounts while you focus on running your business – this means you don’t have to take time off your day to study tax legislation or to spend hours filling out paperwork.
With FreeAgent bookkeeping software, you get 24/7 access to all your transactions, expenses and receipts — this information is logged, ready to be used when tax season comes around, saving you hours of work! We’re also on hand to ensure that all returns you submit to HMRC are correct and on time, so you can have peace of mind while you go about your day.
Personal or Limited Company?
Another thing we can help you with is to choose which business structure is right for you, since this is a key decision that can help you to save money.
We can review your personal tax position and advise on whether operating personally or via a limited company will likely be the most tax efficient approach.
Property is a sector rich in possibilities but also risks and snags. Gorilla Accounting’s expertise extends to both commercial and residential properties so, no matter the type of developer you are, we can still help.
What Can We Do for You?
Gorilla Accounting works closely with you to ensure that your business is compliant on all areas of UK tax law. We can:
- Provide advice on structuring your business in the most tax-efficient way, as we mentioned above. This means buying and selling through a limited company or personally.
- Help you complete the Annual Tax on Enveloped Dwellings (ATED), which you have to do if your UK residential property is valued at over £500,000.
- Introduce you to property bridging and finance providers so you can raise capital for your upcoming project or to refinance your existing project.
- Advise on taxes such as Capital Gains Tax, Stamp Duty and Business Property relief to ensure maximum tax efficiency.
- Provide advice on the correct rates of VAT to be applied by subcontractors on your project.
All of this and more should be considered when you’re a property developer, so let us help you every step of the way, even if you’re just starting out. If you’re interested in setting up a limited company or looking at accounting options, talk to us today.
