Finding a Business Rates Manager Helps a Lot
There are certain payments that come with property ownership, whether the property is occupied or not. The only problem is that you might not have the time to manage all the details. Your goal is to reduce the value that is rated and maximise the profit.
Mitigating the business rates is one way to reduce the overall rates. There will be more savings if the rates are properly mitigated. Again, this is a long and detailed process that can only be handled by experts in the area. Having a business rates management company helps in making sure that the rates are kept to a minimum. They understand the laws better and they can help simplify the process.
Conducting an audit of previous business rates
Apart from helping you manage the business rates that you will pay moving forward, they will also provide assistance when it comes to the business rates that you have already paid. They will check if you have actually paid the right amount or you have been overcharged. You have the right to claim for the amount that you should not have paid. You might even be eligible for business rates relief, but you won’t know this detail unless you have a business rates manager helping you out.
Dealing with empty properties
The problem with empty properties is that you are not getting anything from them, but you continually pay the business rates. There are new laws on managing these empty properties and some of them could be applicable to you. This could help you reduce the overall rates or even get an exemption for payment for the next few months or so. When these matters are taken care of, it is easier to get more savings.
Avoid problems with authorities
Business rates have to be paid regardless. You might think it is not fair, but you have to do your share. You will end up getting penalised if you can’t deal with these issues properly. On the other hand, if you have done your part, but you were overcharged, it is also not fair. Therefore, having someone dealing with all these matters would be of great help. You can even go through a challenge and appeal process where you question the amount that has been charged over the years. This can be corrected and the money can be returned.
Find the right partner
There are companies offering this service but not all of them are highly qualified to do the job. You have to look for reputable companies to make sure that they really know all the important details regarding the management of business rates. Whether you have one property or a lot of them, it helps to have a good partner by your side. This can be really confusing and you will be safer if you have more knowledgeable people extending help. You need to pay for their services, but it is a small price to pay for what you are getting.