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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

AWS ACCOUNTANTS (LONDON) LLP

SARA COOPERS ACCOUNTANTS LTD
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EFJ CONSULTING LTD
We are the firm of Chartered Certified Accountants based in London. We provide professional and practical help with all aspects of accountancy and tax...See More

MONEYTREE FINANCIAL LTD
Moneytree Financials' focus is to provide clients with useful, relevant and meaningful services aimed at supporting and guiding your business as it mo...See More

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

TaxAssist Accountants
About TaxAssist Accountants Barking At TaxAssist Accountants, we provide a personal and professional accounting service tailored to you. We help star...See More

Rochvilles & Co Accountants Ltd
Welcome to the Rochvilles & Company website. We are glad that you make the time and effort to visit us. The website has being designed to provide you ...See More

Southall Accountants
We are the only accountants in the city who are dedicated to groom your business for growth. If you are a business owner, who is putting in the hard w...See More

KHAWAR & CO LTD
Khawar & Co Ltd is an active company located in London, Greater London. We are specialist accountancy firm, ready to help you with different accountan...See More

Ahmed-Cliffords Ltd
Ahmed-Cliffords has grown to become one of the region's most successful accountants and tax consultancy offices. From simple beginnings, when we wer...See More

Accounting Made Simple
Accounting Made Simple is a tech-savvy accountancy and bookkeeping organization located in London which assists clients to ru...See More
Future Formations Ltd
Future Formations is the new generation of forming companies; we have an expert team on hand to help you take the first step towards your future. Ba...See More

YBSM PARTNERS
YBSM Partners is a Certified Accounting Firm with a difference. Providing Accounting, T...

Coman And Co Ltd
Chartered Tax Advisers and Chartered Certified Accountants, we offer assistance with tax return compliance and specialist tax consultancy services for...See More

TaxPert Solutions Limited Certified Public Accountants
We are a small business accountant who provides smart solutions to your business needs. The Care your Business need from Experts Taxpert is a modern,...See More
Frequently asked questions
What specific services do accountants for landlords offer?
Accountants for landlords typically provide services such as preparing and filing Self Assessment tax returns, calculating capital gains tax on property sales, advising on allowable expenses, and ensuring compliance with HMRC regulations. They can also help with VAT registration for larger portfolios, Corporation Tax for limited company landlords, and providing financial statements for mortgage applications. Many offer ongoing advice on tax planning and property portfolio structuring.
How can an accountant help me with HMRC tax investigations?
If HMRC opens an investigation into your tax affairs, an accountant can act as your representative, handling all correspondence and providing the necessary documentation. They will ensure that your records are accurate and complete, and they can negotiate with HMRC on your behalf to resolve any disputes. Having a qualified professional manage the process reduces stress and helps protect you from penalties, as they understand the investigation procedures and your legal rights.
What is the difference between an ACCA and an ICAEW accountant?
Both ACCA (Association of Chartered Certified Accountants) and ICAEW (Institute of Chartered Accountants in England and Wales) are prestigious professional bodies. ACCA accountants often have a strong focus on international standards and business, whilst ICAEW members are known for their expertise in audit and financial reporting. Both require rigorous exams and ongoing professional development. For landlord accounting, either qualification ensures a high level of competence, but you may choose based on their specific experience.
Do I need an accountant if I only have one rental property?
Even with a single rental property, an accountant can be beneficial. They ensure your tax return is accurate, claim all allowable expenses, and help you understand your tax obligations, such as reporting rental income and paying tax on profits. They can also advise on mortgage interest relief and record-keeping requirements. For a modest fee, you gain peace of mind and potentially save more than the cost of the accountant by avoiding overpayment or penalties.
Can an accountant help me reduce my tax bill legally?
Yes, an accountant can use legal tax planning strategies to minimise your tax liability. This includes ensuring you claim all allowable expenses such as repairs, insurance, and professional fees, and considering the best business structure, such as owning property personally or through a limited company. They can also advise on timing of property sales to reduce capital gains tax and utilising annual exemptions. All strategies are within HMRC guidelines.
What records should I keep for my accountant?
You should keep records of all rental income and expenses, including tenancy agreements, invoices for repairs and maintenance, mortgage interest statements, and receipts for any professional services. Also retain details of any property purchases or sales, including legal fees and stamp duty. Your accountant will need these to prepare accurate accounts and tax returns. Keeping digital copies is acceptable, but ensure they are organised and accessible for at least six years.
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