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John Greenall & Co

(1)

Bookkeeping, Payroll / Paye, Taxation Advice

“Expert advice in a relaxed manner”

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Batesons

“The outcome of the above is that we consistently are able to deliver results, both for our clients and ourselves. Due to our ability to get on with people, and being constantly up to date with changing legislation, these qualities enhance our service...”

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White Janet M

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Morton Baxter Associates Limited

Limited Companies, Compliant Mixed-Use Service Charge Accounting, Compliant Residential Service Charge Accounting

“Morton Baxter have been an integral part of my business since I took management of my first block back in 2009. The speed, accuracy and price of the work undertaken has helped me to deliver a first-rate service to clients and helped enable the compan...”

FAQs

Why are Service Charge accounts prepared on the accruals basis?

The industry standard technical releases 03/11 (Residential Service Charge Accounts) & 09/14 (Commercial Property Service Charge Accounts) issued by ICAEW both state that Service Charge accounts should be prepared on the accruals basis which recognises costs in the accounts when the expense was incurred rather than when the invoice is paid. The benefit to lessees of the accruals basis is that they can be confident that the expenses in the accounts only relate to the Service Charge period in question. This is the opposite of cash accounting, which recognises transactions only when there is an exchange of cash.

What should I expect from an independent accountant?

Service Charge accounts prepared to industry best practice guidelines Accounts returned to directors/managing agent in a timely manner to enable them to be distributed to lessees Accounting information to be checked thoroughly by an impartial body to ensure accuracy

When should I receive my accounts?

Section 20b of the Landlord and Tenant Act 1985 states that if any of the relevant costs taken into account in determining the amount of any Service Charge were incurred more than 18 months before a demand for payment of the Service Charge is served on the tenant, then the tenant shall not be liable to pay so much of the Service Charge as reflects the costs so incurred. In reality this means that Service Charge accounts need to be issued to lessees within six months following the end of the financial period to avoid the non-recoverability of Service Charges by the Landlord. Here at Morton Baxter we will typically produce a draft within 2-3 weeks of receiving the year-end information ensuring there is plenty of time for the accounts to be distributed to lessees. Please see our current turnaround time at the top of this page for live turnaround information.

Why do the accounts need to be prepared by an independent accountant?

The industry standard technical releases 03/11 (Residential Service Charge Accounts) & 09/14 (Commercial Property Service Charge Accounts) issued by ICAEW both state that Service Charge accounts should be subject to examination by an independent accountant before being issued to lessees.

Why do I pay a Service Charge?

Service Charges are fees that Leaseholders pay to the Landlord to cover their share of the cost of maintaining the building. These costs for which the Leaseholder is responsible will be defined within the terms of their lease. Items usually covered by the Service Charge include cleaning of communal areas, grounds maintenance and buildings insurance. Other important information relating to Service Charges should be contained within the lease and will include: How and when to pay your Service Charge How your Service Charge is calculated Whether a Sinking Fund or Reserve Fund collection is allowed What happens if you pay excess or not enough Service Charge (e.g. expenses are higher than Service Charge collected) within the financial year Please note that Service Charges are usually variable meaning the amount you pay each year can change

This information can be found on the FAQ page on our website.

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Gravitate Accounting

(50)

Responsive
Work
Understand

“Modern, Knowledgable and Friendly. As a young business owner, I need someone who can put something that isn't my strong area into a language I can understand. Highly recommend, thank you for your help Mike!”

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Maple Accountancy

(29)

Income and Individual Protection, Tax Planning and Minimisation, Financing

“The team at Maple have been great and have looked after my affairs very efficiency. I found everyone there to be very helpful and professional, and in a nutshell, they just get things done for you, so then I can focus all my efforts on growing my bus...”

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Purple Accounts

(50)

Questions
Stress
Communication

“From the beginning the communication has been helpful and clear. Very reasonably priced for what I need and feel like I'm getting the right support for my business.”

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The Chartwell Practice

(14)

Financial
Company

“Reached out to Chartwell just under 2 years ago, with a company in desperate need of assistance when it came to accounting. Can easily say it was the best decision we made! Their knowledge and understanding is second to none, but most of all they are...”

Featured

If you’re a director then taking out a director's loan against the cash in your limited company might seem like a sensible thing to do. But the reality is that overdrawn loans to directors can lead to unintended tax consequences if they’re not properly managed. There are three main impacts: 1. The loan may result in a taxable benefit-in-kind, if it’s interest-free and greater than £10k – affecting your personal tax payable. 2. The company may suffer a Section 455 charge if the loan isn’t cleared within 9 months and a day of the year-end. 3. There’s an income tax (and potentially National Insurance) liability if the loan is written off. In addition to this, if a company goes into liquidation with a director’s loan due to the company, the liquidators can take action against the director to get the loan repaid. This can include taking bankruptcy proceedings against the director concerned. So, how do you ensure you’re on safe, tax-effective ground when taking out a director’s loan? Read our full article here..

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(5)

Tax Planning and Tax Services, Accounts Systems & Controls, Strategic Planning

“Clarke Nicklin have been our trusted partners since 2004 and have helped to guide my business throughout the financial ups and downs of the economy. Their advice is not only professional but also freindly and helpful. I would highly recommend Clarke ...”

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ARK Accountants

(13)

Financial
Integrity
Company

“I have been a client of ARK Accountants and have consistently received excellent service. The team is knowledgeable, reliable, and always willing to go above and beyond to ensure that my accounting needs are met. I appreciate their attention to detai...”

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A Butler & Co

(18)

Payroll
Company

“Professional and friendly. Helpful and convenient. Great for any company. What's most important is that if you have a query, you can get on the 'phone and get it answered every time without having to get a call back or wait.”

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Bates Weston

(3)

Insolvency, Tax Planning, Corporate Finance

“I have been with Bates Weston since 2015, they are the best in the business at what they do and Kay and team are always on hand when needed for sound accounting advice. Highly recommended accountants”

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PJW Accounting

(7)

Knowledge
Understand

“Paul at PJW has provided me with a great deal of tax saving advice over the years. I'd have no hesitation in recommending him to any small business owner looking to minimise their tax liability.”

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(4)

Business Startup and Company Formation, Outsourced Accounting, Business Advisory

“Very amazing accountancy services, the people are very kind and welcoming, and they are always up to date, coming back with excellent professional advice.”

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Average Cost	£2355
Minimum cost	£1178
Maximum cost	£4120
Avg Per Hour Rates	£355

Best Certified Public Accountants in Leek

The highest-rated Audit, Tax and Advisory companies out of 44 vetted & reviewed in the Leek area.

John Greenall & Co

Batesons

White Janet M

Morton Baxter Associates Limited

Gravitate Accounting

Maple Accountancy

Purple Accounts

The Chartwell Practice

Eazy Accounting

Shipleys TAX Advisers

Alexander Knight & Co Accountants

Accountancy4you - Accountancy Services

Moore Accountancy Limited

CN Chartered Accountants

ARK Accountants

A Butler & Co

Bates Weston

PJW Accounting

Shapcotts Accountants

Hebblethwaites Accountants

MSJ Chartered Certified Accountants

Usher Spiby & Co

Montague Kaye

Rain Gaskell - Chartered Certified Accountants

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