Your Local Accountant in London

Property Accountant Specialist
Development,Investment & Construction

Property accounting requires expert knowledge and experience
from Developments, Construction to Investment Merranti can assist .

Cloud Accountants in London

Investor and Bank reporting
Your Property Accountant with industry knowledge

Merranti's Team has over 20 Years experience
in helping Property and Construction Accounting clients.

Consulting Specialists in London

From buy to let to large 100 unit+ development Schemes
We can assist in your property accounting and reporting

We look forward to help you planyour Businesswith services
such as budgeting and forecasting to help you move forward

PROPERTY ACCOUNTANT: OUR SERVICES

Property Accountant with the right experience, that’s what we offer our property clients. With offices in London, East Grinstead and Brighton we have extensive knowledge in Property Accounting and Construction Accounting for all areas including Property Development, Construction and Investment as well HMO and Buy to Let.

From a simple Buy To Let flat to a large mixed-use development held in SPV's, or if you're in the construction industry with specialist property accounting software we can assist in providing a full-service accounting and finance management.

Property Accountant and Construction Accountant with specialist knowledge in respect of Property VAT Accounting, Stamp Duty and financial reporting as well as Property Tax knowledge. If you need a Property Accountant or Construction Accountant with Property tax knowledge and fixed accounting fees then let’s talk.
- Fixed Fees
- Dedicated Accountant
- Monthly Direct Debit
- Inclusive of Accounting Advice
- Specialist Tax advisory available
- Free collection and return of your Accounting Documents

Annual Accounts - Merranti Accounting

Annual Accounts

We will prepare your accounts and talk you through the results, highlighting ...

Bookkeeping - Merranti Accounting

Bookkeeping

Everyone’s bookkeeping needs are different. At Merranti we are committed to providing ...

Company Secreterial - Merranti Accounting

Company Secretarial

Many administration roles must be adhered to but unfortunately, these do not ...

Buy, Sell or Merge - Merranti Accounting

Buy, Sell or Merge

When considering a new investment it is important to asses if it ...

Financial and Management Accounts - Merranti Accounting

Financial & Management Accounts

Merranti will work with you to develop management information on a regular ...

Investment Appraisals - Merranti Accounting

Investment Appraisals

An Investment Appraisal is usually the final stage of putting together a ...

Payroll - Merranti Accounting

Payroll

At Merranti we understand the importance of payroll. We can make sure ...

Tax Fee Protection - Merranti Accountin

Tax Fee Protection

HMRC Tax and VAT Investigations can be daunting, disruptive and expensive. Merranti ...

Tax Returns - Merranti Accounting

Tax Returns

Tax returns must be completed and filed with HM Revenue & Customs ...

VAT Services - Merranti Accounting

VAT Services

VAT is a complicated area and we have the expertise to ensure ...

Property - Merranti Accounting

Property

We know the difference between our per square foot and square metre, ...

Self Assessments - merranti Accounting

Self Assessments

We will take on this burden for you, helping to ensure you ...

I was frustrated with my previous accountant, and my bookkeeper recommended me Merranti Accounting Ltd. Excellent service and very professional. Stephen  go the extra mile and explain everything in an easy to understand way. Very happy and I highly recommend this firm.

Merranti Accounting-Stephen

Steve and Merranti have been Aim Hire’s accountants for many years now, and we have grown significantly, they have proven to be incredibly efficient and trustworthy in everything they do. There is no fuss, no hassle; they are just a great company to deal with, I highly recommend them.

Merranti Accounting- Steve

A friend recommended me to use Merranti Accounting. I am pleased to be one of their clients, and I feel like I am in good hands, I think now, I don’t have to worry about what to do. Stephen and the team are very professional and honest, and those were the traits that sum up a good accountant.

Merranti Accounting- Stephen

The first firm of accountants I’ve found that genuinely go the extra mile. Their support during what have been an extremely challenging couple of years has been nothing short of exceptional. Friendly, approachable, flexible and jargon-free, I can’t recommend Merranti highly enough.

Merranti Accounting

CIMA redhill accountant and bookkeeper
Xero redhill accountant and bookkeeper

PROPERTY ACCOUNTANT: WHAT'S THE DIFFERENCE

There are many elements within construction, development and investment that need specialised experience, we have been working with property companies for the last 20 years, providing Finance Director Roles as well as standard accounting needs. We understand Development Finance, CIS, Variable VAT dependent new build or refurbishment as well as investor and bank reporting.

- Fixed Fees
- Monthly Direct Debit
- You choose your software, we can help.
- Dedicated Property Accountant to follow through your project.

We are here to help your business and keep you informed.

INSTANT ACCOUNTANT QUOTE NOW

Fixed Accountants Fees

As your Property Accountant, we offer Fixed Accounting Fees, your accounting fees are fixed for the year. You can then budget knowing that you’re not going to get an invoice every time. This way you have no surprises from your Dedicated Property Accountant.

Industry Accounting Software

If your using specialist property or construction accounting software we can help, being cloud specialists we also work with COINS, Sage Construct, Budget Trac or Premier Construction (or others) as well as QuickBooks and Xero. And, we provide full set up and training of all Cloud Software.

Dedicated Industry Accountant

Having a dedicated property accounting expert means that we can help with expert advice, the team member will stay with you through the whole process. Whether Construction, Property or Letting the dedicated accountant feature is ideal as they become part of your team.

Raising Funding

We have a large number of or clients involved in the Property and Construction industry and part of our services includes Business Advice not only on the accounting element, however, we advise on company structures and bank funding, providing contacts and bank packs needed to raise finance.

Property and Construction Accounting Projects

IHT Planning

Family Investment Company

IHT Planning, London Accountants, Property Accountants
Merger & Acquisition London Accountant

Buy or not to Buy

London Accountants, Merger or Acquisition, Retail Accounting
Management Accounts London Accountants

London Retailer – Management Accounts

London Accountants, Managment Accountants, Retail Accounting
Why use specialist Property Accountants?

Property Accountants require specialist knowledge and experience.

- 25 Years Experience in Property including Residential, commercial, construction and investment.
- Cashflows for contracts and development projects
- Property FInance packs for funding
- Specialist property VAT expertise
- Industry Software knowledge

Your Property Accountant for 25 years

We can help your business save tax and grow!

Our clients range from single tradesman to large development companies of over 100 employees, we have seen our clients grow with us and we can maintain the consistent element as they do. As a Property Accountant in Brighton, East Grinstead and London we cover the entire South East.

Click here for your Instant online Sole Trader Quotation Our costs are hard to beat and with it comes with an annual review to see how you best keep your tax payments to a minimum.

Click here for your INSTANT ONLINE LIMITED COMPANY QUOTE All our quotes include day to day general accounting advice, our fees are fixed with no hidden extras and payable monthly by direct debit.

We understand the level of attention you need and the efficiency in having a Dedicated Accountant as well as being surrounded by tax and business advice when you need it, we work with specific industry software as well as supply FD roles when needed.

Frequently Asked Questions

Companies House in the UK is a vital government registry for all types of corporate entities. It serves as a hub for business information, promoting transparency, ensuring legal compliance, aiding in research, and supporting various business transactions. It plays a pivotal role in preventing fraud, monitoring business activities, and facilitating government tax collection. In essence, Companies House is essential for maintaining a transparent and well-regulated business environment in the UK.

Financial reporting and auditing are governed by various regulations and standards:

  1. Financial Reporting:
    • UK Generally Accepted Accounting Practice (UK GAAP) and International Financial Reporting Standards (IFRS) guide how companies prepare financial statements.
    • Larger companies often use IFRS for consolidated financial statements.
  2. Auditing:
    • The Companies Act 2006 establishes legal requirements for company audits, auditor appointments, and audit reports.
    • Auditors follow International Standards on Auditing (ISAs) and UK-specific standards issued by the Financial Reporting Council (FRC).
    • The FRC oversees accounting and auditing standards, while other bodies like the Audit Quality Review (AQR) and Professional Oversight Board (POB) regulate audit firms.
Keep in mind that regulations can change, and staying updated with the latest rules is important. The UK has been undergoing reforms to strengthen auditing and corporate governance, so it's essential to follow current developments.

  1. Personal Allowance: A certain amount of income is tax-free, known as the personal allowance. Beyond this threshold, income is subject to taxation.
  2. Basic Rate: Income above the personal allowance up to a certain threshold is taxed at the basic rate. This rate is typically lower than the higher tax bands.
  3. Higher Rate: Income above the basic rate threshold up to another threshold is taxed at a higher rate, which is greater than the basic rate.
  4. Additional Rate: Income above the higher rate threshold is subject to the additional rate, which is the highest rate of income tax in the UK.
In addition to these basic rates, there are other tax considerations like the dividend tax and capital gains tax. The rates and thresholds may vary from year to year as determined by the government's fiscal policies.

  1. Register with HM Revenue and Customs (HMRC) as employers.
  2. Collect employee information, like names, addresses, and National Insurance numbers.
  3. Use payroll software to calculate and deduct Income Tax and National Insurance Contributions (NICs).
  4. Pay employees on time and provide payslips.
  5. Report earnings and deductions to HMRC using Real Time Information (RTI).
  6. Manage National Insurance Contributions for both employees and employers.
  7. Enroll eligible employees in a workplace pension scheme.
  8. Provide year-end forms like P60 and submit annual returns to HMRC.
  9. Keep payroll records for at least three years.
Be aware that regulations may change, so staying informed and seeking professional guidance is crucial to ensure compliance

To claim R&D tax credits in the UK:

  1. Ensure eligibility as a limited company engaged in qualifying R&D activities.
  2. Clearly identify R&D projects meeting criteria.
  3. Keep detailed records of R&D activities and costs.
  4. Calculate R&D costs (wages, subcontractors, consumables, etc.).
  5. Prepare your claim with a tax advisor.
  6. Submit your claim to HMRC online or via paper form.
  7. Await HMRC review and provide additional info if needed.
  8. Receive approved credits as a reduction in corporation tax or cash payment.
  9. Maintain R&D records for future claims.
  10. Consult a professional for expert guidance.

In April 2023 the Corporation tax rate was raised from 19% to 25%. However, tax rates and regulations can change, so it's important to verify the current rate with Her Majesty's Revenue and Customs (HMRC) or a qualified tax professional. The due date for Corporation Tax in the UK typically depends on the company's accounting period. In general, Corporation Tax is due 9 months and 1 day after the end of the accounting period.

The Construction Industry Scheme (CIS) in the UK regulates taxation within the construction sector. It involves contractors and subcontractors registering with HM Revenue and Customs. Contractors verify subcontractors' tax status before making payments, with deductions based on the subcontractor's status. Monthly reporting to HMRC is mandatory, and contractors must pay the deducted taxes. Compliance is crucial to avoid penalties, and end-of-year statements are provided to subcontractors. Disputes can be appealed with HMRC. CIS aims to enhance tax compliance and reduce evasion in the construction industry, ensuring accurate tax payments by subcontractors.

Value Added Tax (VAT) is a consumption tax imposed at different stages of production and distribution, ultimately passed on to the end consumer. VAT registration is mandatory when a business reaches a specific annual turnover, typically set by each country, or when engaged in specific taxable activities. In some instances, voluntary registration is an option for businesses below the threshold but looking to recover input tax. The due dates for Value Added Tax (VAT) payments vary by country and can also depend on the specific circumstances of the business. In many countries, VAT payments are typically due on a regular basis, such as monthly, quarterly, or annually. The specific due dates are often determined by the tax authorities and can be influenced by factors like the business's turnover, industry, and filing frequency.

Here are some common VAT payment schedules:

  1. Monthly: Some businesses, particularly those with high turnover, are required to remit VAT on a monthly basis.
  2. Quarterly: Many businesses, especially smaller ones, are on a quarterly VAT payment schedule.
  3. Annually: In certain cases, businesses with very low turnover may file and pay VAT annually.
  4. Custom Schedules: Some businesses with unique circumstances or international operations may have custom VAT payment schedules.
It's essential for businesses to understand their specific VAT payment schedule, as well as the deadlines and requirements set by their country's tax authority. Missing VAT payment deadlines can lead to penalties and interest charges, so compliance is crucial.

businesses can take various legal forms, including sole proprietorships, limited companies, partnerships, limited liability partnerships (LLPs), community interest companies (CICs), non-profit organizations, and franchise businesses. Each of these structures comes with distinct tax implications, making it essential for business planning. Sole proprietorships are straightforward but hold the owner personally liable for debts, subjecting profits to Income Tax. Limited companies are separate entities and pay Corporation Tax, with tax considerations for dividends and salaries. Partnerships distribute profits and losses among partners, who report this on their personal tax returns. LLPs combine limited liability and tax transparency. Community Interest Companies have unique tax rules due to their community-focused objectives, and non-profit organizations benefit from tax relief and exemptions. Selecting the right structure and effectively managing tax obligations are critical for business success. Business owners must grasp the tax intricacies associated with each structure, such as liability, tax rates, and eligibility for tax deductions and credits. Seeking guidance from tax professionals is often advisable to navigate these complexities, optimize tax planning, and make informed choices aligned with business objectives. Understanding the tax implications of the chosen structure is paramount for effective financial management and decision-making.

Making Tax Digital (MTD) represents a fundamental transformation in how the UK manages its tax processes. This initiative mandates that businesses maintain digital records of their financial transactions and submit tax returns electronically. The significance of understanding and adhering to MTD requirements cannot be overstated. Compliance with MTD is a legal necessity, backed by the potential for penalties and fines imposed by HM Revenue and Customs (HMRC). By encouraging real-time financial record-keeping and digital submissions, MTD aims to enhance accuracy and efficiency, thereby reducing errors, late payments, and the risk of tax investigations. Furthermore, embracing MTD provides businesses with up-to-date financial data that can inform strategic decisions and financial planning. It also promotes financial transparency by offering a real-time view of tax obligations throughout the year, alleviating the stress traditionally associated with year-end tax filings. It is imperative for businesses and individuals in the UK to remain informed about MTD's evolving regulations, ensuring continued compliance and the full utilization of the benefits it offers in terms of accuracy, efficiency, and financial management.

Claiming VAT on residential developments is not as straight forward as it seems, we strongly suggest you engage a Property Accountant when considering development as there are many pitfalls. As an example, only new build is Zero Rated where refurbishment, or conversion, from Commercial to Residential development is 5%. However there are many examples that vary, your contractors should charge you zero-rated or 5% dependent on producing an HMRC certificate confirming your status. It is common for materials and consultants to charge VAT. The type of build contract also varies the VAT. Further information can be found at HMRC Information or alternatively contact Steve Watts at Merranti Property Accounting.

CONTACT US

We have offices in Accountant Offices in London, East Grinstead and Brighton

  • 01342 836557
  • property@merranti.com
  • Offices in W1 London, Rh19 East Grinstead & BN1 Brighton.

Contact Us

    Accounting FAQ's

    Property and Construction Accounting is all about industry knowledge, Stephen Watts, Founding Partner of Merranti Accounting has been in the property industry for 20 years both for clients and in accounting practice. His experience is extensive, working previously as Financial Director for Developers, Construction and Private Family Investment companies, he has managed projects and portfolios of up to £100million each.

    Having experienced the boom and almost bust of the Sector he founded Merranti Accounting so that he could supply industry-specific accounting knowledge. He has now built a team of like-minded and experienced property and construction accountants, and consultants.

    If your building one house or managing a portfolio of 50 properties, if you developing a large mixed-use scheme or want to re-finance your existing investment, Stephen and his team can help.

    STAMP and LAND tax Calculator

    Can you provide Audit Services?

    We provide accounting services to many who require Audit services, we carry out the day to day accounting services and preparation who we then provide to our partners who are a top 25 UK Auditors. This gives a cost-saving and allows for true independence in the Audit cycle.

    Do you offer Financial Director Services?

    A number of clients only require us to provide advisory and board services, they just need the insight of an accounting property professional. Stephen Watts is our resident Property FD and sits on the board of a number of companies. He experience can be found here

    Do you deal with Bookkeeping?

    Simply yes we do, from the outset of your project, we can provide all the bookkeeping services including monthly reporting. If you need reports for your investors or bank funding then we can accommodate that as well. We also provide project reports so that you can keep within your budgets.

    Why choose Merranti Accounting?

    We have a team that specialises in Property and Construction, they have dealt with mixed-use development schemes, large Construction companies and property investment portfolios. In short, when you’re talking to us we not only know our Property Accounting we have the experience of having worked in a property company.

    Frequently Asked Questions

    Companies House in the UK is a vital government registry for all types of corporate entities. It serves as a hub for business information, promoting transparency, ensuring legal compliance, aiding in research, and supporting various business transactions. It plays a pivotal role in preventing fraud, monitoring business activities, and facilitating government tax collection. In essence, Companies House is essential for maintaining a transparent and well-regulated business environment in the UK.

    Financial reporting and auditing are governed by various regulations and standards:

    1. Financial Reporting:
      • UK Generally Accepted Accounting Practice (UK GAAP) and International Financial Reporting Standards (IFRS) guide how companies prepare financial statements.
      • Larger companies often use IFRS for consolidated financial statements.
    2. Auditing:
      • The Companies Act 2006 establishes legal requirements for company audits, auditor appointments, and audit reports.
      • Auditors follow International Standards on Auditing (ISAs) and UK-specific standards issued by the Financial Reporting Council (FRC).
      • The FRC oversees accounting and auditing standards, while other bodies like the Audit Quality Review (AQR) and Professional Oversight Board (POB) regulate audit firms.
    Keep in mind that regulations can change, and staying updated with the latest rules is important. The UK has been undergoing reforms to strengthen auditing and corporate governance, so it's essential to follow current developments.

    1. Personal Allowance: A certain amount of income is tax-free, known as the personal allowance. Beyond this threshold, income is subject to taxation.
    2. Basic Rate: Income above the personal allowance up to a certain threshold is taxed at the basic rate. This rate is typically lower than the higher tax bands.
    3. Higher Rate: Income above the basic rate threshold up to another threshold is taxed at a higher rate, which is greater than the basic rate.
    4. Additional Rate: Income above the higher rate threshold is subject to the additional rate, which is the highest rate of income tax in the UK.
    In addition to these basic rates, there are other tax considerations like the dividend tax and capital gains tax. The rates and thresholds may vary from year to year as determined by the government's fiscal policies.

    1. Register with HM Revenue and Customs (HMRC) as employers.
    2. Collect employee information, like names, addresses, and National Insurance numbers.
    3. Use payroll software to calculate and deduct Income Tax and National Insurance Contributions (NICs).
    4. Pay employees on time and provide payslips.
    5. Report earnings and deductions to HMRC using Real Time Information (RTI).
    6. Manage National Insurance Contributions for both employees and employers.
    7. Enroll eligible employees in a workplace pension scheme.
    8. Provide year-end forms like P60 and submit annual returns to HMRC.
    9. Keep payroll records for at least three years.
    Be aware that regulations may change, so staying informed and seeking professional guidance is crucial to ensure compliance

    To claim R&D tax credits in the UK:

    1. Ensure eligibility as a limited company engaged in qualifying R&D activities.
    2. Clearly identify R&D projects meeting criteria.
    3. Keep detailed records of R&D activities and costs.
    4. Calculate R&D costs (wages, subcontractors, consumables, etc.).
    5. Prepare your claim with a tax advisor.
    6. Submit your claim to HMRC online or via paper form.
    7. Await HMRC review and provide additional info if needed.
    8. Receive approved credits as a reduction in corporation tax or cash payment.
    9. Maintain R&D records for future claims.
    10. Consult a professional for expert guidance.

    In April 2023 the Corporation tax rate was raised from 19% to 25%. However, tax rates and regulations can change, so it's important to verify the current rate with Her Majesty's Revenue and Customs (HMRC) or a qualified tax professional. The due date for Corporation Tax in the UK typically depends on the company's accounting period. In general, Corporation Tax is due 9 months and 1 day after the end of the accounting period.

    The Construction Industry Scheme (CIS) in the UK regulates taxation within the construction sector. It involves contractors and subcontractors registering with HM Revenue and Customs. Contractors verify subcontractors' tax status before making payments, with deductions based on the subcontractor's status. Monthly reporting to HMRC is mandatory, and contractors must pay the deducted taxes. Compliance is crucial to avoid penalties, and end-of-year statements are provided to subcontractors. Disputes can be appealed with HMRC. CIS aims to enhance tax compliance and reduce evasion in the construction industry, ensuring accurate tax payments by subcontractors.

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