
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

Bird & Co
Bird & Co was formed by local Yaxley accountant Pete Bird and we now serve not only clients in the Yaxley and Peterborough area, but more widespread a...See More

LeeP Accountants Registered in England & Wales
Welcome to LeeP Accountants! We are a team of friendly and professional accountants based in Peterborough, Cambridgeshire. We have one key goal ...

Virtue Accountants Ltd

Figures (UK) Accountancy Services
Figures UK takes a different approach to company book keeping and accountancy work – you won’t find us hunched in grey suits between stacks of files. ...See More

Msi Accountancy Services
At MSI - Accountants & Bookkeepers - We have a strong network of Accountants, Bookkeepers & Tax Advisors who are very friendly and down to earth and a...See More

Zak Partnership
The Zak Partnership have long recognized the importance of working closely with both our clients and our broader partner supplier community as a whole...See More

Accounting4Actors
Accounting4actors is not only for actors! We also represent dancers, musicians, sports professionals, models, writers, artists, directors, camerapeopl...See More
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Additions Accountancy
Welcome to Additions Accountancy Looking for Grantham Accountants? We are a firm of accountants in Grantham with a strong customer service ethos and ...See More
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FLEXIE ACCOUNTANTS LTD
Flexie Accountants is a reputable accounting firm, providing accounting, finance and tax services to sole traders, partnership and Limited companies. ...See More

Ashden Accountants
Ashden Accountants are Accountants, Registered Statutory Auditors, Personal and Business Tax Specialists and Business Consultants. We provide accounti...See More

Matrix Accountancy Services Limited
Will Farmer FMAAT, AAT Licensed Accountant and Director of Matrix Accountancy Services Limited Hi I'm Will, In 2012 I...

Matrix Accountancy Services
"Offering a friendly and professional service, I provide ongoing advice and support for every stage of your business journey. As an AAT Licensed Acc...See More

John Lavender accounting ltd
John Lavender Accounting Firm is a beacon of precision and expertise in the financial landscape. With a legacy steeped in integrity and excellence, we...See More

TAA CONSULTANTS LTD
TAA Consultants- Super Accountants 69201 - Accounting and auditing activities 69202 - Bookkeeping activities

J C Accounting Ltd
J C Accounting Ltd offer the type of bespoke service that larger Accountants can’t. We specialise in Sole Traders, Partnerships and Small Limited Com...See More

ADD- WORTH ACCOUNTANCY LTD
Helping business owners make sense of their numbers. 30+ years of progressive finance and accounting experience in various industries. Offering expert...See More
Frequently asked questions
What specific services do accountants for landlords typically provide?
Accountants for landlords typically provide services such as preparing and filing Self Assessment tax returns, calculating and advising on capital gains tax, managing VAT returns, and helping with Corporation Tax for limited company landlords. They also offer bookkeeping, tax planning, and advice on allowable expenses to ensure you are not paying more tax than necessary. Many firms also assist with HMRC investigations and property portfolio structuring.
How can an accountant help me with HMRC compliance?
An accountant can help you with HMRC compliance by ensuring your tax returns are accurate and submitted on time, avoiding penalties. They can also advise on your obligations for Making Tax Digital, VAT registration, and record keeping. If HMRC enquires into your affairs, your accountant can represent you and handle all correspondence, reducing stress and ensuring your rights are protected throughout the process.
What is the difference between ACCA, ICAEW, and AAT qualified accountants?
ACCA and ICAEW are chartered accountancy bodies that require rigorous exams and practical experience, allowing members to offer a full range of services including audit and tax advice. AAT qualifications focus on technical accounting skills such as bookkeeping and final accounts. All are recognised professional qualifications, but chartered accountants (ACCA or ICAEW) may be better suited for complex tax planning and larger property portfolios.
Do I need an accountant if I only have one rental property?
Even with a single rental property, an accountant can be beneficial. They can help you complete your Self Assessment tax return correctly, ensuring you claim all allowable expenses such as repairs, insurance, and mortgage interest. They can also advise on the tax implications of selling the property and help you plan for future investments. The cost of an accountant is often outweighed by the tax savings and peace of mind they provide.
How often should I meet with my accountant to review my property finances?
It is advisable to meet with your accountant at least once a year to review your annual accounts and tax return. However, if you have a growing portfolio or are making significant financial decisions, you may benefit from more frequent meetings, such as quarterly or bi-annually. Regular communication allows your accountant to provide proactive advice on cash flow, tax planning, and any changes in property legislation that may affect you.
What records do I need to keep for my accountant to prepare my tax return?
You should keep records of all rental income received and all expenses incurred, such as letting agent fees, repairs, and utility bills. Also keep mortgage interest statements, any legal or professional fees, and records of capital improvements. HMRC requires you to keep these records for at least five years after the 31 January submission deadline. Your accountant can help you organise these records and may offer digital bookkeeping solutions to simplify the process.
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