Accountants for Landlords

Maximise your rental income with Smooth Accounting

Being a landlord in the UK is a rewarding way to create a steady income. However, recent changes in tax laws and regulations, especially the rise in stamp duty on rental properties, mean financial management is more important than ever.

But here’s the good news: with support from Smooth Accounting, landlord accounting needn’t be stressful. In fact, we can open up opportunities for better tax planning, more strategic financial management, and increased return on investment.

Our landlord accounting services will keep you compliant and maximise your rental income. With our expert team of landlord accountants on your side, you can focus on growing your investment while we take care of the details. Whether it’s keeping your tax bills to a minimum or setting up systems to make your financial management easier, we’re here to ensure you get the most out of your properties, year after year.

Call us today at 02392 982123 or complete our contact form, and we will be in touch as soon as possible.

Why do landlords need an accountant?

If you receive rental income as a landlord, you are required to register for self-assessment and pay income tax. While you don’t legally need an accountant to do this, like most professional services, it can make life a heck of a lot easier.

Being a landlord comes with many responsibilities, and we’re sure you would rather spend time building strong tenant relationships and growing your portfolio than on things like bookkeeping. As your team of accountants, we can take care of day-to-day financial admin, as well as year-end tax returns, to ensure you meet your obligations with HMRC. What’s more, we will proactively try to save you cash by identifying tax savings.

Landlords we work with

We know that no two property businesses are the same – each has unique goals, properties, and financial circumstances. At Smooth Accounting, we work with all types of landlords, from buy-to-let investors to short-term holiday let owners. Whatever the size of your property portfolio, we can help you with a range of tailored accounting services and property tax advice.

Buy-to-let landlords

If you’re a buy-to-let landlord, managing your tax obligations and tracking your property income is crucial. We’ll help you understand your tax position, manage your property accounts, and make sure you’re taking advantage of any tax reliefs that apply to you. With our help, you can make sure your rental income works harder for you.

Short term landlords

Managing furnished holiday lets can be lucrative if your finances are well-managed. Short-term rentals come with unique tax benefits, such as capital allowances. By working with Smooth Accounting, you can be sure to make the most of all tax planning opportunities to maximise the profitability of your holiday home.

Our landlord accounting services

Being a landlord is a big responsibility, but we can help relieve some of your obligations, such as:

Bookkeeping for landlords

Our bookkeeping services can help you keep track of your income, costs, and assets. This will give you the clarity you need to manage cash flow and make financial decisions, as well as setting you up nicely for the end of the tax year.

Tax planning and compliance for landlords

We can handle the tax aspects of your property business to save you time and money and keep you compliant. Our tax advisers are on hand to help with:

• Tax returns
  If you receive rental income, you must register and pay tax, whether that’s income tax or corporation tax. We can handle the process for you, ensuring accuracy and compliance with HM Revenue & Customs.
• Landlord-specific tax reliefs
  We can identify savings for landlords and property investors, such as mortgage interest tax credits, to reduce your tax liability and help you keep more of your rental income.
• Capital Gains Tax (CGT)
  Understanding capital gains tax is critical when selling a rental property. Our team will help you calculate and manage CGT to minimise your liability.
• Capital allowances
  As the owner of a furnished holiday let, you may be able to claim capital allowances on things like furniture and equipment. This can have a significant effect on your tax return, helping to save money each year. We can help identify eligible expenses, calculate depreciation rates, and ensure your claims comply with HMRC guidelines.

Special Purpose Vehicle (SPV) set up

If you own more than one property, setting up an SPV – a type of limited company – could help you save on taxes in the long run and protect your personal assets. We’ll help you decide if this structure is right for you and handle the setup with Companies House.

Xero accounting software for landlords

Xero is powerful accounting software that offers real-time insights into rental income, expenses, and cash flow – all in one place. It integrates with your bank account to automatically import and categorise transactions, reducing the need for manual data entry. It also integrates with property management software like Arthur Online, making it an essential tool for landlords.

We are proud to be Xero Platinum Partners. Find out more about this game-changing software here.

Choose Smooth Accounting for landlord tax and accounting services

The Smooth Accounting team has extensive experience working with property investors and landlords throughout the UK. Whether you own holiday lets or buy-to-let properties, we can help you manage your finances and identify valuable savings to maximise your investments.

Ready to discover the difference we can make to your business? Contact us on 02392 982123 or fill out our contact form, and we will be in touch soon.

Frequently asked questions about landlord accounting