
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

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

Persona Finance
Persona Finance is a London accounting company with an office at 63/66 Hatton Garden in London. Due to the lock-down, we are happy to provide ou...See More
Frequently asked questions
What specific tax services do accountants for landlords provide?
Accountants for landlords offer a range of services including preparing and filing Self Assessment tax returns, calculating capital gains tax on property sales, and advising on allowable expenses such as repairs, insurance, and professional fees. They also help with VAT registration and returns, Corporation Tax for limited company landlords, and tax planning to minimise liabilities. Additionally, they can assist with record keeping and compliance with HMRC requirements.
How can an ACCA or ICAEW qualified accountant benefit my property business?
An ACCA or ICAEW qualified accountant brings rigorous training and up-to-date knowledge of tax legislation. They can identify tax-saving opportunities, ensure accurate filings, and provide strategic advice on property portfolio structuring. Their professional standards mean you receive reliable, ethical guidance, reducing the risk of HMRC penalties. They also stay informed about changes in property tax rules, helping you adapt your strategy accordingly.
What should I look for when choosing an accountant for my rental properties?
When selecting an accountant, look for qualifications from recognised bodies like ACCA, ICAEW, or AAT, as well as specific experience with landlord taxation. Check their familiarity with HMRC digital services and their approach to communication and proactive advice. Reading client reviews and comparing multiple firms can help you assess their reliability and responsiveness. It is also wise to discuss fees and services upfront to ensure they meet your needs.
Are there any tax advantages to using a limited company for my rental properties?
Using a limited company for rental properties can offer tax advantages, such as lower Corporation Tax rates compared to higher-rate income tax on personal earnings. It also allows for more flexibility in profit extraction and may provide limited liability protection. However, this structure involves additional administrative duties and potential tax implications when transferring properties. An accountant can analyse your circumstances to determine if incorporation is beneficial for you.
How often should I meet with my accountant to review my property finances?
It is advisable to meet with your accountant at least twice a year, typically before the end of the tax year and after submitting your Self Assessment return. Regular meetings help you stay on top of tax planning, review your cash flow, and address any changes in legislation. For larger portfolios, quarterly reviews may be beneficial. Your accountant can also provide ongoing support for unexpected issues, such as HMRC enquiries or property transactions.
What records do I need to keep for HMRC as a landlord?
As a landlord, you must keep accurate records of all rental income and expenses, including rent received, letting agent fees, maintenance costs, and mortgage interest. You should also retain receipts, invoices, and bank statements for at least six years. If you own a property abroad, additional records may be required. Proper record keeping ensures you can complete your tax return correctly and provide evidence if HMRC asks for clarification.
About Accounting Firms
AccountingFirms.co.uk is the UK's dedicated accountant comparison website, helping individuals, sole traders, landlords, startups, and SMEs instantly compare accountancy and tax fees from trusted UK accounting firms.
Find and connect with qualified accountants, tax advisers, bookkeepers, and business advisers using advanced search filters, verified profiles, and genuine reviews aggregated from Google, Trustpilot, Yelp, and other trusted platforms.
Over 26,000+ UK Accountants in One Place
Explore the UK's largest independent directory of accountants regulated by professional bodies including ICAEW, ACCA, AAT, CIMA, CIPFA, AIA, IFA, and other recognised UK accountancy bodies.
Affordable Online Accounting Services
Buy fixed-fee accounting packages online with confidence. Services are delivered by experienced UK-qualified accountants and tax advisers, covering:
A Marketplace for Accountants
For accounting firms, AccountingFirms.co.uk is more than a directory. It's a powerful lead generation platform, accountant marketplace, and business growth hub, helping practices attract new clients, increase online visibility, generate qualified leads, and win more accounting and taxation work across the UK.
