
ACCOTAX - Accountants & Tax Consultants
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

Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...See More

LLOYDS ACCOUNTANTS LTD
We offer accounts, taxation and business advisory and support services to a wide range of businesses and individuals, nationwide. We continue to build...See More

GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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NIXON WILLIAMS LIMITED
Nixon Williams has been providing specialist accountancy services to contractors, freelancers, consultants and interim professionals throughout the UK...See More

Clarity Accountants
We work closely with our clients and act for a broad range of business and personal clients. Apart from the more general accountancy services we can a...See More

Holdsworth Accountancy
We are a team of experienced, qualified accountants and bookkeepers providing professional services to individuals and businesses within Bradford and ...See More

PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...See More

Holden Associates
Holden Associates are a family run business founded in 2002, we are located at V12, Merlin Park, a modern purpose-built office in Burscough, Lancashir...See More

GORILLA ACCOUNTING LIMITED
orilla Accounting was born after a group of specialist accountants with decades of experience amongst them, decided that accounting shouldn’t be a lab...See More
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...See More

C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken

Athena Bookkeeping Services
Athena Accounting and Bookkeeping Services. ?Let us take good care of your finances giving you more time to focus on the day to day running of your bu...See More

MGM & CO. Chartered Certified Accountants
If you are looking for professional accountants offering a full range of accountancy and tax services to clients from across the UK, you have come to ...See More

BROOKSON LIMITED
Why Brookson? There are plenty of reasons. We’re specialists at dealing with self-employed finances, and have been doing this for over 20 years, so we...See More
Sambhav Management Limited
Since 2012, we’ve offered clients the tools, resources and guidance necessary for all their accounting needs. Clients receive the personalized attenti...See More
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Norbury Bookkeeping Services
We offer a complete bookkeeping and computerized payroll service throughout Cheshire and South Manchester and are able to offer support for all financ...See More

TI Accountancy Limtied
TI Accountancy was established in 2002 by its owner Tracy Irwin, who grew the company organically through her hard work and determination to the Emplo...See More
Frequently asked questions
What specific tax advice do accountants for landlords in Clitheroe provide?
Accountants for landlords in Clitheroe provide specialist advice on rental income reporting, allowable expenses, capital allowances, and capital gains tax. They help you structure your property holdings efficiently, whether you own properties personally or through a limited company. They also guide you on HMRC requirements for Self Assessment, ensuring your tax return is accurate and complete, and they can advise on the tax implications of buying, selling, or renovating property.
How can an accountant help me with HMRC compliance as a landlord?
An accountant ensures you meet all HMRC deadlines for submitting tax returns and paying any tax due. They help you keep accurate records of income and expenses, which is a legal requirement. If HMRC opens an enquiry into your affairs, your accountant can represent you and prepare the necessary documentation. They also advise on making tax digital for income tax, which is becoming mandatory for landlords with rental income above the threshold.
What qualifications should I look for when choosing an accountant for my rental properties?
Look for an accountant who is a member of a recognised professional body such as ACCA, ICAEW, or AAT. These qualifications ensure the accountant has passed rigorous exams and adheres to a strict code of ethics and continuing professional development. Membership also means they are regulated and can be held accountable for their work. This gives you confidence that you are receiving advice from a competent and trustworthy professional.
Can an accountant help me with VAT on my rental income?
Most residential rental income is exempt from VAT, but there are exceptions, such as serviced accommodation or holiday lets, which may be subject to VAT. An accountant can analyse your specific situation to determine whether you need to register for VAT and how to manage your VAT returns. They can also advise on the VAT treatment of expenses and whether you can reclaim input VAT on costs related to your rental business.
What is the difference between using a limited company and owning property personally as a landlord?
Owning property personally means rental profits are taxed through Self Assessment, and you may pay higher rates of income tax. Using a limited company means profits are subject to Corporation Tax, which is often lower, but you may pay additional tax when extracting profits as dividends. An accountant can model both scenarios to help you decide which structure is more tax-efficient for your circumstances, considering factors like mortgage interest relief and long-term capital growth.
How often should I meet with my accountant to review my property portfolio?
It is advisable to meet with your accountant at least once a year, ideally before the end of the tax year, to review your portfolio and plan for the year ahead. However, if you are making significant changes, such as purchasing a new property or selling one, you should consult them immediately. Regular communication ensures you stay on top of tax changes and can make informed decisions throughout the year, rather than only at tax return time.
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