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
TaxKings Tax Made Simple
TaxKings work with owner managed businesses all over the UK. With off...
Breco Accounting Services
Client centered accountant concentrating on helping small businesses and individuals. Friendly Service, Competitive rates. Payroll Services, Vat Retur...See More
Stewart Accounting Services
Stewart Accounting Services, Chartered Accountants, is a CA firm with its main office in Alloa, Clackmannanshire. We also have offices in Falkirk and ...See More
IDEO BUSINESS SERVICES LTD
This listing was generated using publicly available data to enhance visibility for businesses. If this is your business, claim your profile to update details.
Agility Bookkeeping
Agility Bookkeeping is a Xero online bookkeeping firm based in the UK having three offices in Glasgow, Stirling, and Edinburgh. Whether you are a new ...See More
CloudBook Accountants Ltd
Since we were established in 2013, we have done everything online - from getting a quote to signing off your accounts. It's easier and quicker, so it ...See More
Tax Returns - London
At Cheap Tax Returns, we love to give a personalized touch to the service we provide. As an accountancy firm, we understand small business owners and ...See More
LFR Accounting
Accountancy and taxation services
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
Sabre Accountants
Sabre Accountants have built up a fantastic reputation as a trustworthy, affordable & reliable accountancy service. We provide accountancy services a...See More
NIXON WILLIAMS LIMITED
Nixon Williams has been providing specialist accountancy services to contractors, freelancers, consultants and interim professionals throughout the UK...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
Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...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
GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...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
C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
MJF ACCOUNTANCY LIMITED
Frequently asked questions
What specific tax reliefs can a landlord claim through an accountant?
A qualified accountant can help you claim reliefs such as the property allowance, replacement of domestic items relief, and mortgage interest relief at the basic rate. They will also ensure you deduct all allowable expenses, including letting agent fees, insurance, and maintenance costs. By thoroughly analysing your income and expenditure, an accountant ensures you pay no more tax than necessary while remaining fully compliant with HMRC rules.
How does an ACCA or ICAEW accountant help with HMRC enquiries?
If HMRC opens an enquiry into your tax return, an ACCA or ICAEW professional can represent you and handle all correspondence. They will prepare the necessary evidence, explain your position clearly, and negotiate on your behalf. This reduces stress and ensures that your rights are protected throughout the process. Their expertise in tax law and HMRC procedures is invaluable in resolving any disputes efficiently and favourably.
Should I use a limited company structure for my rental property?
Deciding whether to hold property in a limited company depends on your personal circumstances, future plans, and the size of your portfolio. A specialist accountant can model both scenarios, considering Corporation Tax, dividend taxation, and potential capital gains on transfer. They will explain the ongoing administrative costs and filing requirements, helping you make an informed choice that aligns with your long-term investment strategy.
What records do I need to keep for my Self Assessment tax return?
You must keep records of all rental income and expenses, including bank statements, invoices, and receipts. If you have multiple properties, you should maintain a separate record for each one. Your accountant will guide you on organising these documents digitally or in paper form. Accurate records are essential for completing your tax return correctly and defending any HMRC enquiry. A professional can also help you set up a simple bookkeeping system.
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 commercial property lets. If you are VAT-registered or considering voluntary registration, an accountant will assess whether it is beneficial. They will handle your VAT returns, advise on input tax recovery, and ensure you comply with all regulations. This specialist advice prevents costly mistakes and optimises your cash flow.
How often should I meet with my accountant to review my property finances?
It is advisable to have a formal review at least twice a year, typically before the end of the tax year and after your tax return is filed. However, you should feel free to contact your accountant whenever your circumstances change, such as purchasing a new property or changing your mortgage. Regular communication ensures that you are always aware of upcoming deadlines and any changes in tax legislation that may affect you.
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