Earning extra cash through renting out properties? Be it one, two or dozens of houses, being a landlord can be a difficult gig. Maintaining properties to a good standard, making sure rooms are always filled and extensive home renovating are all of your part repertoire.
As a landlord, you're used to communicating with a number of tenants to help serve their wants and needs. However, it’s not all loft conversions and kitchen makeovers, unfortunately, you have to get into the nitty-gritty of your accounts too.
You’re responsible for keeping up with complex housing and renting laws, that can have a dramatic effect on your earned income. The good news is it doesn’t have to be that hard. At SJD, we can delve into your finances to make sure you’re paying the right level of tax in an efficient and compliant manner.
Simply put, you will save time. As a landlord you’re regularly juggling different requests from different tenants, advertising new homes and liaising with letting agents. Do you want accounting to be added to the list?
Moreover, how much do you value your time? If you believe you’re worth £60 an hour, but your accounts take 7 hours a month to complete. Then as a value of your time, it costs you £420 a month. Seeing as our packages start at £40 per month, the cost of hiring an accountant makes sense.
There are a variety of accountancy services available to landlords, depending on how you structure your business. This includes tax returns, payroll, and corporation tax returns.
Working with landlords on a daily basis, your accountant will give you dedicated support and allow you to focus on creating the best service for your tenants.
FreeAgent, a leading accounting software, makes managing your accounts easy.
Would you like to learn more? Our team of expert accountants has sacks of experience in helping landlords. If you would like to learn more, you can request a callback.
If you're already a client of ours, you can speak to your dedicated accountant directly.
Monday - Friday (9am to 5pm)
