We’re helping landlords navigate the ins and outs of rental income and property finance.
Do you need help managing your finances and rental property business?
As a landlord, you have numerous responsibilities to consider when it comes to housing tenants, from ensuring the property is in a fit state for someone to live in right through to paying tax on the rental income.
It can feel like a juggling act at the best of times, regardless of how much experience you have in the sector. That is why, at Guildford Accounting, we are honing our skills to help landlords make the most sensible financial decisions and stay in line with the tricky tax rules of HMRC.
Whether you’re a seasoned buy-to-let investor or just starting out, our landlord accountants are here to help you succeed with the right financial tools and reliable experience. Get in touch with us today.
Welcome to Guildford Accounting, accountants specialising in landlords and property
At Guildford Accounting, we have over 30 years of professional experience in tax and accounting. We’ve helped numerous businesses, individuals, and landlords make their profits go further through carefully strategised accounting solutions.
Our primary focus is helping you free up your time by taking the weight of financial responsibility off your shoulders. By taking care of the often stressful admin work associated with property investment and handling your taxes so they are paid accurately, and on time, we are giving you back a large portion of your valuable time.
With our team by your side, you can focus on growing your rental property business, knowing that the mundane finance tasks are already taken care of.
If you are looking to grow your business but need more time to do so, get in touch today and find out how our expert landlord accountants can help.
Accountants for buy-to-let landlords
Running a buy-to-let property business covers many aspects, from ensuring the property is fit for rental to managing the day-to-day financial obligations. Some of the financial aspects include handling tenant deposits, purchasing suitable insurance, keeping up with the buy-to-let mortgage and meeting tax responsibilities.
It can be challenging, but with the help of our professional accountants, we are taking the hassle out of accounting for buy-to-let landlords! We’ll help you understand your buy-to-let finances by implementing a solid accounting strategy that keeps you tax-efficient and compliant and works towards your goals.
Accountants for commercial landlords
If you receive rental income from leasing commercial spaces to other businesses, then you’ll likely benefit from a landlord accountant who can help you stay on top of your finances.
Our team can assist in various areas of commercial landlord accounting, such as organising your income and expenses and managing cash flow so you know where your business sits financially. With more understanding of your finances, you’ll have the budget and knowledge required to make informed financial decisions for your commercial property business.
Accountants for property investors
Property investment covers many aspects, from flipping property for a profit to renting out furnished holiday lets. It is a great way to earn additional income or even act as your primary source of income. When successful, a property investment business can quickly grow, making the demanding financial tasks slip between the cracks.
Our accounting services help property investors regain some of their much-needed time to focus on maintaining and growing their property business while ensuring their finances are expertly managed. We’ll help organise financial records, calculate and file tax returns and answer any questions you may have about your finances.
Our landlord accounting services
As professional accountants for landlords, we cover a range of accountancy services that will help you grow a successful property business, from helping you register your landlord business to providing expert property tax advice. Let us be your guide.
When growing a thriving rental business, the last thing you need to think about is collecting receipts or tackling spreadsheets. However, bookkeeping lays the foundation for all other landlord accounting services, which is why we’re happy to manage it for you.
Our team will take the complex tasks of tracking rental income, managing business expenses and calculating taxes and turn them into a seamless experience. We’ll implement efficient bookkeeping software to free up paperwork and ensure your important figures are easily accessible should you need them, ultimately making it easier to file reports and pay taxes.
You’ll benefit from more time on your hands and added peace of mind that the basics of landlord accounting are in expert hands – a tidy desk is an added bonus!
Getting your taxes in order is crucial for your property business to reach new heights. Not only does it give you the confidence of knowing your business is successfully meeting its tax obligations, but it also helps you streamline savings, creating more budget to grow.
By having a reliable team of landlord accountants by your side, you’ll benefit from the most effective tax planning opportunities.
Our team will find the most effective ways to optimise your taxes, helping you keep more of your income. We’ll help you claim all allowable expenses and finance costs associated with running your property business and search for the most suitable sector-specific tax relief. We’ll also handle all aspects of compliance, so you don’t have to. That means ensuring tax deadlines are met, calculations are accurate, and your records are stored correctly.
Cloud accounting services
Would you benefit from having your business finances at your fingertips? With the help of our cloud accounting services, you can easily work with us and access your important financial data, such as records, bank transactions and reports, anytime you like.
We’ll streamline your admin tasks so you can focus on the more exciting parts of the business. This is where cloud accounting works wonders. We’ll be able to automate certain processes and store your records digitally so that you can avoid a mountain of paperwork piling up.
Taxes landlords should be aware of
As professional accountants for landlords, we’re here to shed light on the various tax rules and responsibilities you should be aware of.
When renting out property, you will be expected to pay income tax on the rent you receive minus any running costs of the rental property business. You get a tax-free ‘property allowance’ of up to £1,000, but after this, you will be expected to file a Self-Assessment tax return and pay tax to HMRC.
At Guildford Accounting, we’ll ensure your tax returns are filed on time and accurately, making full use of any tax reliefs or allowances you may qualify for.
Capital Gains Tax
If you’re running a successful property company, whether that’s commercial lettings or residential buy-to-lets, then you may notice your investments increase in value over time. Selling property that has increased in value can result in a hefty Capital Gains Tax (CGT) bill for businesses and individuals with multiple properties.
We’ll help you calculate your Capital Gains Tax liability and ensure an accurate and timely payment.
Stamp Duty Land Tax (SDLT)
When investing in property, one of the first taxes you will come across when making a purchase is Stamp Duty. This type of tax is paid on a portion of the property purchase price and is typically higher when owning more than one property.
As your property business grows, we’ll help you navigate SDLT with ease, ensuring it is well within your budget when purchasing new investments.
If you are a limited company landlord, then you’ll need to be aware of Corporation Tax. While it can seem daunting, operating your property business as a limited company can provide many benefits since Corporation Tax is often lower than personal tax rates when making large profits.
Our team will ensure your Corporation Tax responsibilities are taken care of while focusing on accuracy and compliance.
Why choose Guildford Accounting as your landlord accountant?
If you’re looking for a friendly accountant who helps make the daunting accounting tasks seem much more manageable, you’re in the right place. At Guildford Accounting, we want to empower landlords and property owners to grow their property businesses without the ongoing tax and accounting tasks holding them back.
From handling all aspects of compliance to finding innovative ways to speed up processes, our qualified accountants for landlords can make your life that little bit easier.
We understand that as an independent landlord or growing property business, finding the right accountant can be tricky. You might have a limited budget or need help figuring out where to start.
At Guildford Accounting, we pride ourselves on providing a reliable and friendly service that offers clear pricing and transparency across all of our services. As the experts, we will be there to guide you through the complex world of landlord accounting, and we’ll be more than happy to answer any questions you may have.
Get in touch with our team today to find out more.