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
TITUS ACCOUNTS LTD
I know that telling you the truth won’t make me very popular with other accountants. If I'm honest I never liked them much anyway. Chances are (if yo...See More
Tax Cruncher
Tax Cruncher is an online accounting &Tax consulting firm serving clients nationwide. Our aim is to help SMEs to grow their business by crunching thei...See More
Hayes Accountants
Hayes Accountancy is your local accountancy service provider & part of the group BNW Accountants & Tax Consultants. We offer high-quality accounting a...See More
City Tax London
City Tax London provides unparalleled personalized accounting services and th...
Marden & Co Accountants Ltd
We are a two partner accountancy practice based in Epsom, serving Sutton, Banstead, Reigate, Dorking & across Surrey. We provide professional accounta...See More
Financial Partnership London
The Financial Partnership LLP, London, is a young, dynamic and innovative firm of Accountants & Business Advisors who can help improve the performance...See More
EXPEDIENT ACCOUNTANCY
Expedient Accountancy Limited provides a wide range of expert accounting services. We are a partnership of 3 Chartered Certified Accountants with more...See More
DIrect Assist accountants Ltd
Direct Assist accountants Ltd is one of the fastest growing chartered accountants firm serving businesses and individuals from different industries fr...See More
QUENTELA ACCOUNTING LIMITED
Quentela Accounting is a family run accountancy practise based in Wokingham, Berkshire. We are a small business but with an emphasis on BIG commitment...See More
Central London Accountants
We are proud partners of leading software provider firm Xero, and we can help if you require Xero Accountants in London, Xero training, or need remote...See More
Cheap - Accountants
As a small business owner, your main focus is to work on your business strengths to help it grow, and you can’t just achieve it through juggling every...See More
London Accountants
We have been providing a range of tailored accounting and taxation services to individuals as well as small and medium sized businesses. See More
" Accountify – Chartered Certified Accountants"
A firm of Chartered Certified Accountants based in London and Portsmouth. Accountify is an established brand in Accounting and Tax, serving its client...See More
Fitzgeralds Accountants Limited
We are a well established firm of accountants and tax advisors based in South West London, dealing with small businesses and high net worth individual...See More
Taxeasy Ltd
TaxEasy Ltd is an experienced and proactive firm of certified accountants and bookkeepers offering high quality accounting services to clients through...See More
APRC Accountants
We are a forward thinking firm of Chartered, Certified Public Accountants & Tax Advisers and Chartered Payroll Professionals established in 2005 in th...See More
Yourtaxhelp
Our motto is “Accountants and Tax Advisers with simple technology”. We will not stop being innovative or using cutting edge technology to help you out...See More
Not Just Bookkeeping Ltd
Friendly Consulting offers a wide range of consulting services for several indu...
See More
BARNES MAYER LIMITED
Barnes Mayer Ltd is an independent, family run business providing accounting and taxation services throughout Maidenhead, Berkshire and Buckinghamshir...See More
Frequently asked questions
What specific tax advice do accountants for landlords provide?
Accountants for landlords offer advice on a range of property-related tax matters, including income tax on rental profits, capital gains tax when selling a property, and stamp duty land tax on purchases. They also guide you on allowable expenses, such as repairs, insurance, and letting agent fees, ensuring you claim every deduction you are entitled to. Additionally, they can advise on the most tax-efficient structure for your property business, whether that is owning personally or through a limited company, and help you plan for future tax liabilities.
How can an accountant help with HMRC compliance for rental income?
An accountant ensures you meet all HMRC compliance requirements for your rental income. This includes registering for Self Assessment if you are not already, keeping accurate records of income and expenses, and submitting your tax return on time to avoid penalties. They can also help you understand your obligations for paying tax on account and any potential liability for the High Income Child Benefit Charge. If HMRC ever enquires into your tax return, your accountant can handle the correspondence and represent you, making the process far less stressful.
What qualifications should I look for in a landlord accountant?
When choosing a landlord accountant, look for qualifications from recognised professional bodies such as ACCA (Association of Chartered Certified Accountants), ICAEW (Institute of Chartered Accountants in England and Wales), or AAT (Association of Accounting Technicians). These qualifications indicate that the accountant has undergone rigorous training and adheres to strict ethical standards. Additionally, it is beneficial to find an accountant who has specific experience with property taxation and a proven track record of working with landlords. Membership in a professional body also means they are required to undertake continuing professional development to stay current with tax law changes.
Can an accountant help me reduce my tax bill as a landlord?
Yes, an experienced landlord accountant can help you legally reduce your tax bill through careful planning and thorough knowledge of tax reliefs. They will ensure you claim all allowable expenses, such as property maintenance, professional fees, and utilities if you pay them. They can also advise on capital allowances for furnishings and appliances, and help you structure your finances to take advantage of lower tax rates. For example, they might suggest transferring ownership to a spouse to use their personal allowance or incorporating your property business to benefit from Corporation Tax rates.
What is the difference between a tax return and a Self Assessment for landlords?
A tax return and a Self Assessment are essentially the same thing; Self Assessment is the system HMRC uses to collect tax on income that is not automatically taxed at source, and the tax return is the form you complete to declare your income and expenses. As a landlord, you must register for Self Assessment and file a tax return each year if your rental income exceeds the personal allowance or if you have other untaxed income. An accountant can complete this form on your behalf, ensuring all figures are accurate and that you claim all available deductions, which reduces your overall tax liability.
How do accountants for landlords stay updated with changing tax laws?
Accountants who are members of professional bodies like ACCA, ICAEW, or AAT are required to undertake continuous professional development (CPD) to maintain their membership. This means they regularly attend seminars, webinars, and training courses to stay abreast of changes in tax legislation, HMRC guidelines, and case law. Additionally, they receive updates from their professional bodies and tax software providers, ensuring they are always aware of new rules, such as changes to capital gains tax reporting or the introduction of Making Tax Digital for income tax. This ongoing education is crucial for providing accurate and up-to-date advice to landlords.
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.