Landlord Accountant

Landlord Accountant in Nottingham

At FHP Accounting, we make landlord accounting simple and stress-free. We value each client and ensure you always feel supported. You can speak to us anytime about your tax return, accounts or any concerns.

Our landlord accountants offer comprehensive advice to landlords of all property types, including residential, commercial and holiday lets, such as Airbnb. Our guidance covers all tax aspects of buying, selling and letting properties.

Maximise your rental income

Expert financial management ensures you collect rent on time and keep your property operating expenses low.
Minimise your tax burden

Our tax-savvy accountants help you leverage deductions and credits to minimise your rental property taxes.
Streamline your operations

We handle all your financial tasks, from HMRC investigations to rent collection and expense tracking, freeing up your time.
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, we tailor our buy-to-let accountants service to offer advice to your specific situation. We will identify the best methods for your property investments.

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
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 can help landlords navigate the complex financial issues.

As landlord accountants, here at FHP, we can help with tax regulations specific to buy-to-let investments. Also, hiring a property accountant saves time. It lets you as landlords focus on managing your properties instead of dealing with accounting and tax issues. Overall, having an accountant can provide you with peace of mind and ensure financial efficiency.

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. We’ve helped many new property owners in these circumstances. 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.

What do landlord tax accountants do?

Landlord tax accountants focus on the financial and tax obligations of property ownership for landlords. We make personalised tax plans and minimise tax, boost cash flow and follow tax laws.

We understand HMRC and Companies House reporting procedures and manage accounts efficiently. We assist with the preparation and submission of accurate tax returns and claim all applicable deductions. We navigate complex tax rules of rental income, capital gains and stamp duty. Additionally, we 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 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 advise you on all things tax and rental income-related.