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Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More

Argents Chartered Accountants
An established firm of chartered accountants based in Norwich, we provide a range of accountancy and business support services to clients throughout t...See More

GO 2 Girl Limited
I offer a fully flexible remote work or local on site and assist you with anything relating to finance within the business and any necessary admin tas...See More

J C Accounting Ltd
J C Accounting Ltd offer the type of bespoke service that larger Accountants can’t. We specialise in Sole Traders, Partnerships and Small Limited Com...See More

Virtue Accountants Ltd

LeeP Accountants Registered in England & Wales
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Bird & Co
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Figures (UK) Accountancy Services
Figures UK takes a different approach to company book keeping and accountancy work – you won’t find us hunched in grey suits between stacks of files. ...See More

Accounting4Actors
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Ashden Accountants
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Additions Accountancy
Welcome to Additions Accountancy Looking for Grantham Accountants? We are a firm of accountants in Grantham with a strong customer service ethos and ...See More

John Lavender accounting ltd
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AWS ACCOUNTANTS (LONDON) LLP

KUBED SOLUTIONS LIMITED
Gouri Kubair, the founding director of the business has over a decade of experience in the field of accountancy. Including 8 years in Deloitte, ...See More

SARA COOPERS ACCOUNTANTS LTD
About Sara Coopers Whatever business you are in; you owe it to yourself to find an accountancy service that operates for your benefit – not the taxma...See More

MQPLUS LTD
MQplus LTD provides accurate, flexible and cost-effective managment accounting services for sole traders,partnerships and Limited Companies

TAA CONSULTANTS LTD
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BLUEBIRD ACCOUNTANCY LIMITED
Bluebird Accountancy was created with the needs of modern day contractors and freelancers like you in mind. With modern day accountancy software makin...See More
Frequently asked questions
What services do accountants for landlords typically provide?
Accountants for landlords typically provide a range of services including preparing and filing Self Assessment tax returns, advising on allowable expenses, calculating capital gains tax on property sales, and helping with VAT registration and returns. They also offer tax planning advice to help you minimise your tax liability, assist with record-keeping, and represent you in dealings with HMRC. Some firms also provide payroll services if you employ staff, and can help with Corporation Tax if you operate your property business through a limited company.
How can an accountant help me with HMRC compliance?
An accountant can help you with HMRC compliance by ensuring that your tax returns are accurate and submitted on time, thereby avoiding penalties and interest charges. They can also handle correspondence with HMRC on your behalf, respond to any queries or investigations, and advise you on your legal obligations. Additionally, they can help you understand complex tax rules, such as those relating to furnished holiday lettings or property income, and ensure that you are claiming all the deductions you are entitled to, reducing the risk of errors or omissions.
What qualifications should I look for in a landlord accountant?
When choosing an accountant for your landlord business, look for qualifications from recognised professional bodies such as ACCA, ICAEW, or AAT. These qualifications indicate that the accountant has undergone rigorous training and adheres to high ethical and professional standards. Membership in these bodies also requires ongoing continuing professional development, ensuring that the accountant stays up-to-date with changes in tax law and accounting practices. You may also want to check if the accountant has specific experience in property taxation or works with other landlords.
Can an accountant help me save money on my tax bill?
Yes, an accountant can help you save money on your tax bill by identifying all allowable expenses that you may have overlooked, such as property repairs, insurance, and professional fees. They can also advise on tax-efficient structures for your property business, such as holding properties in a limited company or utilising joint ownership with a spouse. Additionally, they can help you plan for capital gains tax when selling a property, potentially using reliefs such as Principal Private Residence Relief or Business Asset Disposal Relief where applicable.
What is the difference between a tax return and a Self Assessment?
A tax return is the formal document that you submit to HMRC, while Self Assessment is the system that HMRC uses to collect tax on income that is not taxed at source, such as rental income. As a landlord, you are required to register for Self Assessment and file a tax return each year if your rental income exceeds a certain threshold. The tax return includes details of your income and expenses, and HMRC calculates the tax you owe. An accountant can help you complete and submit your tax return accurately and on time.
How do I find the right accountant for my property portfolio?
To find the right accountant for your property portfolio, start by identifying your specific needs, such as whether you require help with VAT, Corporation Tax, or simply annual tax returns. Then, use a directory like AccountingFirms to browse local accountants in Bawburgh and compare their services, qualifications, and experience. Look for professionals who specialise in property taxation and who are members of recognised bodies like ACCA or ICAEW. It is also a good idea to contact a few firms to discuss your situation and see if you feel comfortable working with them.
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