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Being a landlord isn’t just about handing over the keys and collecting rent. Between chasing payments, handling maintenance issues, and dealing with tenants, it can feel like a full-time job (and for those with a large portfolio, it is!).
But your finances don’t have to add to the stress.
Whether you’ve got one property or multiple, our specialist accountants for landlords will help you stay on top of your accounts, maximise your profits, and keep the taxman happy. No jargon, no hassle. Just clear advice and expert support, whenever you need it.
Book your free, no-obligation consultation today and let’s make managing your properties a whole lot easier.
From our offices in Manchester, we provide a full range of accounting services for landlords in the residential and commercial property sectors. Our family-owned accounting firm is here to lift the burden of financial management off your shoulders, allowing you to focus on managing and growing your property business.
Having worked with landlords for over 30 years, we’ve seen it all – the rise of the buy-to-let market, the changes in stamp duty and tax relief, the impact of capital gains tax, and more. So, rest assured, we truly understand the challenges faced by landlords – from managing multiple tenants to keeping compliant with regulations that seem to change every few years.
As a Xero Platinum Partner, we’ll set you up with Xero’s excellent cloud accounting platform for seamless financial reporting. This means we can easily manage your day-to-day bookkeeping and annual tax returns, while you have up-to-date information on your finances.
Plus, partnering with us means benefiting from our deep industry knowledge and personalised approach. We ensure your financial operations are streamlined, accurate, and compliant with all regulatory requirements. Our goal is to give you peace of mind, knowing that every aspect of your accounting, from payroll to tax planning and financial statements, is handled with the utmost precision and care.
Our services for landlords include:
For over 30 years, we’ve supported landlords in Manchester and beyond – from buy-to-let investors and Airbnb owners, to those simply letting out a secondary home.
As a family-run firm, we pride ourselves on building relationships that last. Our personal touch ensures you always feel supported.
We're proud of our work and the kind feedback we receive from our clients. Check out our reviews and testimonials to see what makes us so well-placed to help you.
Our free consultations offer practical, no-obligation advice so don't hesitate to get in touch and ask our expert accountants a question or two.
No, you do not need to set up and register a business to rent out property. However, depending on your finances and the size of your portfolio, it can be more tax-efficient to own your properties via a limited company. This really does depend on your situation, so it’s best to discuss ownership structures with an accountant (like us) to figure out the best option for you.
To determine profitability, most landlords tend to calculate gross rental yield. This is simply a percentage showing the profitability of a property (after expenses) relative to the value of the property.
So, say you received £20,000 in rental income last year. Expenses, including maintenance, tax, and insurance, came to £8,000. The property cost £200,000, meaning your rental yield is 6%:
(£20,000 – £8,000) / £200,000 = 6%
The benefit of using rental yield is that you can easily compare property performance within a portfolio, or against a local/national average (in our example, 6% is relatively good for the UK). We can help you determine profitability and identify ways to improve your yield.
As a landlord, you can deduct several expenses from your rental income to reduce your tax liability. These include: mortgage interest (exact amounts vary depending on whether you own the property personally or through a company), legal, accounting and letting agent fees, insurance, maintenance and repairs, advertising costs (for finding new tenants), ground rent, service charges, and bills (if you pay them).
You can’t deduct costs related to capital improvements, like adding an extension, or costs related to the purchase, like stamp duty. However, these can reduce your capital gains tax liability if and when you sell.
It’s not uncommon for people to rent a spare room to a lodger. This does, however, make you a landlord so please be aware of your legal responsibilities. In regards to accounting and tax, HMRC has a special initiative to cover such scenarios: the Rent-A-Room Scheme. Under the scheme, you can earn up to £7,500 tax-free each year by letting out a furnished room in your primary residence. As long as you’re under this threshold, you don’t need to report anything to HMRC. However, if you earn over £7,500, then you may be subject to tax so please get in touch with our team to discuss further.
Schedule a free consultation today to learn more about our accountancy services for landlords. You can fill in the contact form below or call us on 0161 962 1855.
“I searched a lot for a reliable accountant and read countless reviews online. In the end, I chose A&C and my choice and vote of confidence was confirmed!
They reply always within a few hours (if not straight away!), regardless of how small and simple my query or issue might be. I was completely clueless when I set up my Ltd as to UK tax laws and system. Paul and Chloe showed patience and were EXTREMELY helpful from the start, setting up my whole account and sufficiently explaining everything. I feel confident in my steps forward with them. I have already started recommending them to fellow contractors.”
Michail Andrianakis, Ergon Construction Managers Ltd
Call, email, or book your free consultation. Tell us as much as you can about you or your business, so we can fully prepare for our meeting and understand your needs.
One of our team members will get in touch within 24 hours to discuss your needs. We focus on your priorities and deliver the support you need, precisely when you need it.
We remove the barriers that hold you back, so you can focus on your strengths. Discover how your finances can drive impactful results.
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