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Toy houses on rising stacks of coins, with a calculator in the background
Townhouses with "To Let" sign
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"I was planning to prepare by own self-assessment tax return this year, but I had problems accessing the HMRC on-line tax return services, and the self-assessment tax return deadline was fast approaching, so I asked Peter to prepare and submit my self-assessment…

Marc L
Personal Client

"The service provided by Hewitt Accountancy has been excellent. Peter has been able to save my company money, kept a check on my cashflow and provided business advice to help guide my decisions. With Peter's support of my company reporting and accounting…

Steve H, Director
Howe Consulting Services Limited

If you are an existing landlord, or are planning to invest in residential buy to let property, then this package is designed to help you meet all of your legislative and HMRC obligations, together with giving you regular information on the financial performance of your investment, and ongoing advice to maximise the return on your investment.

We will help you cut through all the complexity of the tax laws surrounding property investment, so ensuring you get the best return you can out of your property.

If you invest in property via a Limited Company, then these services can be combined with our Freedom Package, so that you’ve got everything covered.

Whether you have 1 property or a large portfolio of properties, then we can tailor this package to your specific requirements.

This package includes the following services:

Quarterly cash-basis profit and loss account, prepared from your bank statements;
Completion and submission of annual self-assessment tax return for landlord;
Advice on maximizing the costs which are allowable as a deduction for tax purposes;
Advice on the grey area of capital improvements vs repairs, and how to maxmise the tax benefits;
Unlimited support via email or telephone; and
Accountancy advice throughout the year.

Note that if your gross annual rents are >£10,000 per annum, then in a couple of years’ time, HMRC are planning, under their “Making Tax Digital” tax transformation program, to require you to hold your buy to let financial records electronically and also provide them with quarterly reporting. We can help you with this when the time comes.

XeroWith this in mind, if you would prefer to ditch your paper records and spreadsheets now, take the financial records for your properties into the cloud and have up to date financial data at your fingertips then we have a slimmed down version of Xero which is perfect for you, all for £5.50 a month. Full training is provided so that you can get the best out of Xero.

If you prepare your own property accounts, don’t need any advice, and just need someone to submit a self-assessment tax return for you, then we can do that for you as part of our service to individuals.

If this sounds like what you need and you would like to discuss your needs further with us, then we are happy to meet with you at no cost or obligation to yourself.

Get in Touch

Contact us for a free initial meeting to discuss your specific accounting and tax requirements.

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