Tell us what the agency does, sales, lettings or both, and whether you hold anyone else’s money. We will tell you which regime you are in and what we would look at first.
Your last accounts, a recent client account reconciliation, your HMRC AML registration reference, your CMP certificate if you have one, and your standard terms of business. The terms decide when commission is earned.
Once you are engaged we set up a secure route for client account data, vendor or tenant records and identity documents. Please keep them out of ordinary email.
You sign our letter of engagement.
We write to your current accountant for professional clearance and the records.
We pick the work up from there. A switch part way through the year is normal.
If you do sales, ask your current accountant before you move when the client account was last audited, and by whom. A report signed by someone who is not a registered auditor is not a valid report under regulation 8(1).
