
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
Frequently asked questions
What specific tax advice do accountants for landlords provide?
Accountants for landlords provide specialist advice on declaring rental income, claiming allowable expenses, and understanding capital gains tax when selling a property. They also guide you on the restriction of mortgage interest relief and the tax implications of furnished holiday lettings. Their expertise ensures that you comply with HMRC regulations whilst legally minimising your tax liability, and they can help you structure your property portfolio efficiently.
How can an ACCA or ICAEW qualified accountant help with HMRC enquiries?
If HMRC opens an enquiry into your tax return, an ACCA or ICAEW qualified accountant can act as your representative, handling all correspondence and providing the necessary evidence to support your figures. They understand HMRC procedures and can negotiate on your behalf, reducing stress and ensuring that your rights are protected. Their professional standing also lends credibility to your case, which can be beneficial in resolving disputes.
Do I need a separate accountant for my limited company rental business?
Yes, if you hold rental properties within a limited company, you will need an accountant who specialises in Corporation Tax and company accounts. They will prepare your annual accounts, file your Corporation Tax return, and advise on extracting profits in a tax-efficient manner. This is different from personal Self Assessment, and a specialist can help you avoid costly errors and ensure compliance with Companies House and HMRC requirements.
What records should I keep as a landlord for my accountant?
You should keep records of all rental income received, including deposits and any government scheme payments, as well as receipts for expenses such as repairs, insurance, and letting agent fees. Also retain mortgage interest statements, utility bills, and any invoices for professional services. Your accountant will use these to prepare accurate accounts and tax returns, so maintaining organised records throughout the year is essential.
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, once to plan your tax strategy before the end of the tax year and once to review your completed accounts. However, if you have a complex portfolio or are considering new property purchases, more frequent meetings may be beneficial. Regular communication ensures that you take advantage of any tax planning opportunities and remain compliant with changing regulations.
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 lettings. An accountant can advise on whether you should be VAT-registered, how to handle VAT on repairs and improvements, and whether the option to tax applies to your property. They will ensure that you charge and reclaim VAT correctly, avoiding penalties from HMRC.
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.
