Property management accounting

Accountants for landlords and property management

If you’re starting in property management with your first flat or have an existing portfolio, there are a lot of things to keep track of with regard to property management accounting.

Managing your costs and keeping up with the constantly changing regulations set out by the Government is no small task, especially when you want to focus on making your investment as profitable as possible.

That’s why the team at Smith Butler specialises in accounting services for property managers in the Bradford area, acting as your dedicated property accountant.

We take over your business’s financial aspects and ensure everything is well taken care of.

We will ensure your books are balanced, as well as help you save on costs and increase your profits. Additionally, we provide expert property tax advice tailored to your specific needs.

We work with property managers with a range of portfolios, whether it’s just a couple of properties or larger-scale operations.

Our specialist property management accounting services

We offer a wide range of services for our clients, starting from essential tax planning, addressing complex tax issues, and project accounting for property development.

If you’re an unincorporated landlord, you’ll need to be aware of the changes coming with the introduction of Making Tax Digital for income tax (MTD for ITSA), which will see the end of self-assessment tax returns and move over to a completely digital format.

We can help you look into registering for the pilot and afterwards continue supporting you through the transitional period once the official rollout happens in April 2024.

Other services include:

• Advice on the construction industry scheme

• Limited company incorporation

• Support with VAT and returns, including self-assessment tax return assistance

• Making Tax Digital compliance

• Capital gains and property tax planning for disposal of properties

• Exit strategies and retirement planning

• Advice on business structure

• Capital allowances and expenses advice

• Advice on stamp duty land tax and how to manage taxes related to property transactions

We also offer a free financial health check to evaluate your property investments.

• Management fees calculation for annual costs related to equity returns

As well as accountancy advice, we can also offer guidance on landlord regulations and tenancy laws.

How we help landlords

Landlords and property owners with smaller portfolios can significantly benefit from making use of a specialist accountant for property managers who provide expert tax advice.

Whether you want to stay unincorporated or look into the potential of registering with Companies House, we can advise you on the most beneficial route to take, considering the tax obligations and your liability.

We also offer tailored accounting and tax advice for property businesses, ensuring knowledgeable management for both new and experienced investors in the property sector.

If you want to expand, we can assist with creating a suitable business plan with projections and forecasting, allowing us to identify possible sources of investment and revenue to bolster your capital. Our comprehensive support in property investments ensures you navigate financing, tax efficiency, and monthly revenue management effectively.

Our property management accounting specialists will set out a top-line business strategy, evaluating your property portfolio, competitors, and your market. We will evaluate your systems and help implement the best framework for your business, putting everything in place, so you have sustainable growth and development.

Let’s work together

The property management accounting team at Smith Butler is here to help you and your business thrive. Together, we will ensure you meet your business goals and turn a healthy profit while staying in the good graces of HMRC.

Get in touch with our team today.

Why choose us?