Depending on the type of business you hold, your assets may be in kind or cash. If conventional capital management has no secrets for any entrepreneur, no matter how small his business, how to do with real estate? There is the question. Point.
What real estate in your company assets ?
In the assets of your business, you can count on bare ground. It can be ideal for building or simply for optimizing operation. In Belgium, more and more companies also have apartments or new or old buildings in their assets. The goal is to minimize long-term charges by avoiding paying a long-term rent and being subjected to a complicated lease.
In any case, like any capital, the ownership of an immovable must be declared to the authorities. It can be not only the tax department, but also during your application for registration at the RCS. The assets of your business should be noted in your status, just like the name of the manager.
The reason is simple. Real estate is subject to taxes. It may be not only taxes on income, but also real estate taxes of all kinds. In addition, some buildings or goods can be amortized over the years. A detail that must be noted in the company’s general chart of accounts or the PCG.
A professional accountant to help you
The declaration and management of real estate in the assets of a corporation is complicated. There are specificities that you must identify. In particular, you must dissociate the value of the naked good and the construction that is on the ground. In addition, it will assess your property by experts to know the real value and simplify its registration in the account books. There are specific accounts to enter this kind of value in your accounting. This evaluation is within the reach of an accounting expert. It will be necessary to propose an estimate of 10 to 20% of its real value.
To avoid any disappointment in the financial management of your company, call an accountant in Ixelles. The accounting firm is an expert subcontractor who will take care of all the financial aspects of your company. Familiarize yourself with the Belgian account books, it will guarantee the success of your audits, but also a good accounting administration of the company. It is one of the bases to ensure its durability and success.
Not only does the accountant take into account the declaration of your real estate, but also the complete management of your finances. He can even take care of your bank accounts, all your expenses and your money. Subcontracting makes it possible to delegate the whole financial aspect of the company to professionals, and this, by minimizing the cost of the service.