Landlord Accountant
Landlord Accountants in Nottingham
At FHP Accounting, we make landlord accounting in Nottingham simple and stress-free. We specialise in property tax services across Nottingham, offering expert support tailored to landlords. We value each client and ensure you always feel supported. You can speak to us anytime about your tax return, rental income, property structuring or any concerns.Â
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Maximise your rental income
Expert financial management ensures you collect rent on time and keep your property operating expenses low.
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Minimise your tax burden
Our tax-savvy accountants help you leverage deductions and credits to minimise your rental property taxes.
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Streamline your operations
We handle all your financial tasks, from HMRC investigations to rent collection and expense tracking, freeing up your time.
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Gain peace of mind
Our comprehensive accounting services ensure your landlord finances are in order, so you can focus on managing your properties.
Buy-to-let Accountant
Whether you are a new buy-to-let landlord or an experienced investor, our tailored buy-to-let accountant service provides strategic tax advice based on your property goals. We will identify the best methods for your property investments.Â
We advise on:
- Structuring: Helping you structure your property portfolio and determine if a limited company is beneficial.
- Tax advice: Providing insights on tax reliefs, allowable expenses and tax planning opportunities.
- Tax advice on sale: Guiding you through capital gains tax considerations before selling your property.
- Non-Resident Landlords: Advising on the tax treatment of rental properties owned by non-residents.
- HMRC investigations: Offering experienced support if you’re contacted by HMRC regarding undeclared rental income
- Investors: Advise on purchasing a property to improve and sell at a profit
Our services include:
- Preparing annual accounts and property income/expenditure statements
- Certifying accounts/property income for mortgage purposes
- Preparing and submitting your self-assessment tax returns
- Statutory accounts and tax for your property company
Contact FHP Accounting to discover how our personalised buy-to-let accountant services can help you maximise your property investment returns.
FAQs
Have you got questions about our accounting services? We’ve got the answers! Check out our FAQ section for quick and easy information.
But if you can’t find what you’re looking for, don’t hesitate to contact us. Our friendly team is happy to help.
Do landlords need an accountant?
There is no legal requirement for landlords to hire an accountant, however, it may be beneficial. Investing in property has many financial duties. These include managing rent, obeying tax laws and keeping accurate records. An accountant helps navigate complex rules, identify tax-saving opportunities and avoid penalties.
As landlord accountants in Nottingham, we help with buy-to-let tax regulations, allowable expenses and rental income reporting. Also, hiring a property accountant saves time. It lets you, as a landlord, focus on managing your properties instead of dealing with accounting and tax issues. Overall, having an accountant provides peace of mind and financial clarity.
I only have one property that I let. Do I need an accountant?
There are many different landlords with varying portfolios. Some become a landlord because they inherit a property. They can be put off hiring an accountant as there is a stigma that accountants are hugely expensive and talk jargon. That’s not us. Our fees are transparent, and we speak your language.Â
We’ve helped many new property owners in these circumstances. Even with one property, you’re subject to the same tax rules, and we can ensure you claim all allowable deductions and stay compliant.Â
We also benefit from a huge amount of experience in the property sector and can offer other practical advice as well as help with tax requirements.Â
What do landlord tax accountants do?
Landlord tax accountants focus on the financial and tax obligations of property ownership for landlords. We create personalised tax plans, prepare and submit accurate returns and ensure compliance with HMRC and Companies House.Â
We assist with the preparation and submission of accurate tax returns and claim all applicable deductions. We navigate complex tax rules related to rental income, capital gains tax, stamp duty and property portfolio structuring. We also offer advice on property tax matters for various types of properties, including residential, commercial and holiday lets.
What happens if you fail to notify HMRC of rental income?
Not notifying HMRC of rental income can lead to significant penalties and legal consequences. If HMRC discovers that you have not declared your rental income, you may face penalties ranging from 10% and rising to 100%. Also, HMRC can investigate up to 20 years of your financial records.
Landlords who voluntarily disclose rental income often face reduced penalties and a smoother process. Landlords who receive letters demanding payment from HMRC will pay substantially more in fines compared to those who declare their income voluntarily. Here at FHP Accounting, we can support you in correcting past returns, disclosing rental incomes and avoiding harsh penalties.Â
