Services

Management Accounts

Enabling Growth

Accounts and budgets provide invaluable information to any business as timely financial information is a prerequisite in the current business climate.

Our management reports can include but are not limited to:

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• Profit & loss statements

• Balance sheets

• Annual budgets

• Accruals & prepayment schedules

• Cashflow forecasts

Rental Income

Keeping you compliant​

If you rent a property you must prepare a tax return under the self assessment system.We can provide this service for both  resident and non resident landlords.

We will complete your tax return leaving you in the knowledge that your tax affairs are Revenue compliant

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• Pre-Letting expenses: Expenses incurred before the property is let for the first time by the owner are not tax deductible. Landlords should endeavor to have a tenant in place before incurring expenses. Certain pre-letting expenses are allowable e.g. advertising costs, legal fees re the drafting of the lease

• Landlords should register the tenancy with the PRTB otherwise they may not be entitled to a deduction for mortgage interest.

• A deduction for mortgage interest incurred on borrowings is only available where the borrowings have been used for the purchase, repair or improvement of the investment property. Hence, any non-allowable element of borrowings should be reviewed.

• Establish the original cost of the fixtures and fittings in the property. A tax deduction can be claimed on fixtures and fittings at 12.5% over 8 years.  Landlords should draw up an itinerary of the fixtures and fittings in the property before letting a property

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