Landlords

Residential landlords have seen several changes affecting them in recent years. In 2016 the wear and tear allowance was replaced with the ‘replacement domestic item’ relief. And the interest relief received is being restricted to the basic rate of Income Tax. This has been introduced gradually from 6 April 2017

Not only can we assist with declaring your rental income on your self-assessment tax return, and any tax advice. But, our software can help you to run your rental property business. You can keep track of each rental property as an individual asset by recording all information pertaining to the property – purchase date, price and additional costs, as well as any additions and alterations etc. Month to month you will be able to record the rental income as well as expenses (including revenue and capital). And our live P&L will give you an overview of your full portfolio.

Whether you are an individual residential landlord with a small property portfolio, have commercial properties, or a property business through a limited company, we have a solution for you.

All our clients enjoy free access to our accounting software, Simplifi. Our accounting software for landlords provides a convenient and efficient way to manage and track rental income, expenses, and tenant information. It automates many of the tedious accounting tasks associated with rental property management and streamlines bookkeeping, making it easier to generate accurate and timely financial statements, reports, and other documents. It also helps landlords ensure accurate tracking of rental payments, compliance with rental laws, and timely payment of taxes. Simplifi is an alternative to the usual property management software, because it excels with accounting, profit tracking, and monitoring both business and personal taxes.  With the coming implementation of making tax digital in 2024, it will be even more important for our clients to consider using landlord accounting software. While you may already use a complete property management system for your rental properties

Our fees start from £25 (+VAT) per month.