We offer expert contractor accountants’ services to a wide range of contractors, including IT professionals, engineers, consultants, and freelancers. Whether you work in software development, civil engineering, data analysis, or consultancy, our team understands the specific needs of your sector.
Our contractor accountancy services include company setup, IR35 contract reviews, tax planning, bookkeeping, payroll, VAT management, and year-end accounts preparation.
We offer expert accountants for property landlords, providing all the key accounting services you need to manage your rental business effectively. Our team helps with landlord self-assessment tax returns, rental income tracking, and expense management to keep your accounts accurate and up to date.
How we support landlords:
Our Accounting Services for Landlords cover everything you need to manage your rental property accounts properly and stay on top of your tax obligations.
We prepare accurate rental income accounts and landlord self-assessment tax returns to meet HMRC requirements.
We keep detailed records of your rental income and allowable expenses to help reduce your tax bill..
We assist with calculations and reporting when you sell a property to ensure the right tax is paid.
We provide clear guidance on allowable expenses, tax reliefs, and landlord tax rules.
We maintain records of all property-related costs to support your tax claims and keep your accounts organised.
Our team is available to answer your questions and help you understand your landlord accounting needs.
At PHS Associates, our property accountants make property tax simple. With recent changes like limits on mortgage interest relief, many landlords pay more tax than they need to. We guide you to pay only what’s fair, legally saving you money.
We review your property portfolio, income, and ownership to create a personalised tax plan.
Switching to a limited company can save many landlords money on tax.
Our service helps you claim all allowable expenses and capital allowances.
We advise on the best time to sell properties to reduce Capital Gains Tax.
We proactively find tax-saving opportunities before they arise.
With our trusted property accountants, you get clear, effective strategies to cut your tax bill and boost profits.
Whether you are new or experienced, understanding landlord tax is important for managing rental income properly. Here are some important points
You pay tax on the profits from your rental income after deducting allowable expenses
Landlords must report rental income through HMRC’s self-assessment tax return.
You can deduct costs like repairs, letting fees, and mortgage interest to reduce your tax bill.
When selling a rental property, capital gains tax may apply to any profit made.
Not declaring rental income can lead to fines and interest charges.
Keep all rental income and expense records for at least six years for tax purposes.
Rental profit below your personal allowance is tax-free.
Our accountants for landlords handle all property accounting tasks efficiently, freeing you to focus on managing your rental business.
Our team provides clear advice and answers your questions, helping you stay confident that your accounts are in good hands.
We keep track of changes in property tax rules to keep your accounts compliant.
We identify tax reliefs and strategies tailored for landlords to increase your savings.
If you want to take your accounting work to the next level, then reach us today without wasting time.
Gives us a Call
0208 8611685Send me Mail
info@phs-uk.co.uk
PHS Associates Acc & Co is led by a skilled team with expertise in Accounting, Taxation, Payroll, Business consultancy, and Company secretarial services.
© Copyright 2024 PHS Associates Acc & Co
Company number - 08670151
