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Landlord Services
Landlord Services at Heriot Hughes
Property Management Made Easy
Being a landlord is more than just collecting rent; it’s about managing finances and keeping your tenants happy, which can be a stressful job. Our landlord services will ensure that you know exactly what is going on with your investments. We provide tailored accounting solutions to make sure every penny is accounted for.
Limited Company Benefits
We'll guide you as to when a Limited Company is more tax efficient as your property portfolio grows.
Rental Income vs Capital Gain
Distinguishing between rental income and capital gain is crucial. Our expertise ensures you make informed decisions, balancing your rental profits and future goals.
Repairs vs Capital
We'll help you understand the difference between tax-deductible repairs and non-deductible capital investments to streamline your tax obligations.
Property Management Made Easy
Being a landlord is more than just collecting rent; it’s about managing finances and keeping your tenants happy, which can be a stressful job. Our landlord services will ensure that you know exactly what is going on with your investments. We provide tailored accounting solutions to make sure every penny is accounted for.
Tax Strategy
Rental income can be a great source of income, but navigating its tax implications can be challenging. Residential property is not the only rental opportunity; commercial and holiday lettings offer significant opportunities for the wise investor.
Capital Gains Tax (CGT) Considerations & Reporting
Navigate CGT complexities to ensure your assets work harder and smarter for you. We ensure that you don’t miss reporting deadlines following the disposal of a capital asset. The reporting deadlines are tight and a proactive approach ensures that tax exposure is minimised and compliance is achieved.
Stamp Duty Planning
Stamp duty can be a significant cost in property transactions. Stamp duty planning is a complex area, and it is always best to seek professional advice so that you are not paying more stamp duty than is necessary. The rules are complex and can be misinterpreted by the uninformed investor.
ATED (Annual Taxation on Enveloped Dwellings)
If residential property is owned via a limited company and has high value i.e. more than £500,000 it can be subject to an annual taxation charge which is value dependent ranging from £4400 to £287,500. There are significant exemptions and working with an experienced accountant that understands these will minimise your exposure to these significant costs
Need a trusted Chartered Accountant?
We are dedicated to providing friendly, efficient, and courteous service that exceeds your expectations. Our team actively listens to your needs and communicates promptly and thoroughly.
We Help With:
Real Estate Tax Strategies
Our team of specialised landlord accountants possess in-depth expertise in all aspects of landlord-specific accounting, which include bookkeeping, annual property rental accounts, and completion of landlord personal tax returns.
We’re here to provide strategic advice for those looking to grow their property portfolio, such as acquiring more properties and maximising your financial benefits while minimising your tax obligations.
Many of our client’s balance being a landlord with a separate full-time job or business. Contact us, don’t get weighed down with complex landlord financial management. Let us handle it for you.
Introduction of Making Tax Digital
If you’re a landlord or sole trader whose annual taxable turnover is £50,000 or more, you need to be ready to submit your digital returns from April 2026. By 2027, this applies if you are earning over £30,000 or above per year. That means you should start making the switch to digital with plenty of time to prepare your returns. MTD for ITSA is part of a much larger tax digitalisation roadmap that’s being rolled out over several years.
Why Choose Us
Helping you make more, keep more and work less
Heriot Hughes are accounting specialists and everything is explained in the simplest possible terms so you can make informed decisions.
Our team are experts in handling daunting or complex accounting problems on your behalf, making the process super clear and simple. You then have more time to focus on what you do best, running your business.
Trusted Chartered Accountants
Pro-active Business Advice
Clear and Transparent Pricing
Free Consultations
Testimonials
What Our Clients Say
Our clients’ satisfaction is our top priority, and we take pride in delivering exceptional service that meets their needs. We have had the pleasure of working with a diverse range of businesses, from startups to established companies, and have helped them achieve their financial goals through our expertise.
Davidsons (Ormskirk) Limited
'Heriot Hughes has been an incredible partner in my financial journey since I was 18 years old. Their expert guidance and personal approach have not only educated me in key aspects of accounting and business finance but also played a crucial role in helping my business grow and thrive. They are always approachable, professional, and willing to go the extra mile to ensure I understand everything. I can't thank them enough for their support over the years.'
'Heriot Hughes have been our accountants since 2013, the have always been fantastic when we have needed advice and are always happy to help. They file our accounts, VAT and sort out payroll with ease and get it all sorted leaving us to get on with our work.'
'Heriot Hughes were recommended to me by another of their clients over a year ago and I couldn't be happier with the services. The whole team is patient, friendly and most of all they know how to help and support a small business like mine, with quite a complex accounting process. They have made the transition from Sole Trader to Limited company seamless and I look forward to collaborating with them in the years to come.'
Fiona Cross Limited
'Getting advice is easy, but getting the correct advice is harder to achieve. Using Heriot Hughes as our accountant before and throughout the sale of our business, helped us to maximise the sale price and allowed us to complete in the most tax-effective way. They understood the due diligence process fully, enabling us to prepare, by collating all required information reducing the stress when the due diligence process took place.'
Northwest Education & Training Limited
'I'm always left feeling that I've had an excellent job and that no stone has been left unturned in his efforts to help me. Perhaps what I like most about John is that he is a real person, not only efficient and reliable but also approachable, friendly, genuine and ethically sound... and that matters to me. First class!'
Settled Mind Limited
'Heriot Hughes have undertaken the audits of several of our grant applications and turned the work around within the tight timescales required. They were extremely professional in their approach and met all the requirements in order for the college to fulfil it's obligations.'
Stanley High Sports College
Frequently Asked Questions
Common questions asked by prospective clients.
Accounts and tax can be complicated and you're likely to have lots of questions. Many questions will be specific to your circumstances, so please do get in touch with us for a free consultation so that we can give you tailored answers.
Are you the right accountant for my business?
Choosing an accountant for your business is a very personal decision as your accountant will get to know your business inside-out. You need someone you can trust.
We believe the best way to see if we’re the accountant for you and your business is to schedule in a discovery call or meeting so that you can meet the team and see if we’re a good fit for each other.
We work with individuals and businesses of all types, and we are extremely proud of our client feedback.
How easy is it to change accountants?
If you’re looking to change accountants, then moving over to us couldn’t be simpler. All it takes is one letter from you and then we take care of everything else.
Is your current accountant pro-active? Do they provide an excellent service and offering you a fair rate? Are they easily contactable, flexible and offer unlimited contact at no additional cost?
If you answered ‘no’ to any of these questions, or just want to explore your options, then give us a ring. We offer a free no obligation consultation there’s no need to make any rushed decisions.
What is a pro-active accountant?
Our team goes beyond traditional financial reporting and compliance tasks to actively anticipate and address the financial needs of our clients. Instead of simply reacting to financial data and transactions, our team takes a forward-thinking approach to provide valuable insights, strategic advice, and proactive solutions.
How much do you charge?
We understand that price is important to our clients. That’s why we provide clear, transparent, and consistent pricing. Our prices are competitive, and a reflection of the quality accounting services we provide.
Every client is different, so we start by arranging a free, no obligation call to understand more about you and your business. We will ask about your current situation and your future goals, along with any challenges you are facing. Once we understand the level of support you need, we then send you a detailed proposal outlining our fees and services, so you know exactly what you are paying for.
How are fees structured?
We do not quote low just to get your business for the first year and then raise the fees. We want you as a long-term client who trusts us to do what we say we will do at a fair price.
We send you a proposal based on what we anticipate being a fair fee for the services and value provided. We do conduct annual fee reviews but would only anticipate normal inflationary increases if the work involved remains the same.
We spread the cost of our accountancy services over the financial year to assist with your cash-flow.
'Thank you for your years of service and support. I have always found whoever I have dealt with in the Heriot Hughes team to be extremely courteous and helpful whatever the query, and the expertise of yourself, Joanna and Kate has been invaluable to my business. Your business and team are a credit to you.'