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 reliefs can an accountant help me claim as a landlord?
A specialist accountant can help you claim all allowable expenses, including mortgage interest (subject to restrictions), letting agent fees, repairs, insurance, and professional fees. They will also ensure you correctly claim capital allowances for furnishings in furnished lettings, and advise on the £1,000 property allowance if your gross income is below that threshold. Their knowledge ensures you maximise every legitimate deduction.
How does an accountant assist with my Self Assessment tax return?
An accountant will gather all your income and expense records, calculate your taxable profit, and complete your Self Assessment tax return accurately. They will ensure you meet HMRC deadlines, submit the return online, and advise on your payment on account. They also help you plan for your tax bill, avoiding any surprises and ensuring you stay compliant with HMRC regulations.
Do I need to be VAT-registered as a landlord, and can an accountant help?
If your total taxable turnover exceeds the VAT registration threshold, you must register for VAT. An accountant can assess your income, advise on whether registration is compulsory or voluntary, and help you manage VAT returns. They will also guide you on the Flat Rate Scheme for landlords, which can simplify your VAT obligations and potentially reduce your tax burden.
What is the difference between ACCA, ICAEW, and AAT qualified accountants?
ACCA and ICAEW are chartered accountancy bodies, representing fully qualified professionals with extensive training and experience. AAT is a professional body for accounting technicians, who are skilled in day-to-day bookkeeping and tax preparation. All are regulated and recognised, but chartered accountants often have deeper expertise in complex tax planning and audit, whilst AAT members focus on practical accounting tasks.
Can an accountant help me if I let property through a limited company?
Yes, absolutely. Accountants who specialise in landlords can advise on the best structure for your property business, whether as an individual or a limited company. They will handle your Corporation Tax returns, ensure you comply with Companies House requirements, and advise on extracting profits tax-efficiently through salaries or dividends, considering the impact of the dividend allowance.
How often should I meet with my accountant to review my property finances?
It is advisable to have a formal meeting at least twice a year, once before the tax year end to plan and once after to review your accounts. However, your accountant should be available throughout the year for ad hoc advice, especially if you are buying or selling a property. Regular communication ensures you stay ahead of tax changes and make proactive decisions.
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.