Rental property can provide landlords with a consistent revenue stream, but the tax issues associated with the industry are now more complex to navigate than ever before.
Whether you’re an individual with some spare money to invest or a business person looking to create a second income, our fixed-fee landlord accounting service can be tailored to suit your exact requirements.
Recent changes in the law means that HM Revenue & Customs are now demanding that anyone who receives income from renting out a property must declare this to them - even if they don’t make a profit.
To help property investors comply, our accountants for landlords will ensure any rental accounts are up to date and check that your self-assessment tax return is properly completed. It may sound simple, but this could see you avoid a fine of up to £3,000 for failing to keep appropriate records.
Depending on how many rental properties you own, and your personal circumstances, it may be more beneficial to hold your assets in a limited company rather than personally. If necessary, our landlord accountants will evaluate your position and outline which of these options is best for you to avoid paying unnecessary money to the tax man in the future.
Having gained considerable experienced in this sector, we have a detailed understanding of the demands which are placed on private landlords and corporate property owners. We currently work in partnership with investors who have high-value residential and commercial portfolios, taking care of all their landlord accounting requirements.
If you need specialist accounting for landlords, get in touch and or call 0113 218 9552 and ask about the comprehensive range of services we can provide for property investors.