Landlord Advice Category

Tax Tips Q&A is back for 2022! This month we will be answering questions all about tax returns and self-assessments. 

For the fourth and final instalment of ‘A Start of Tenancy Checklist’, this section will list what you need to do once your tenants have moved in.  

In this post, we look at the tax liabilities directors may have in relation to the company they work for. 

Whether it is in business or in life, the ability to manage one’s finances is a key requirement on the path to financial success. Landlords can appreciate this fact more than most. Regular mortgage payments and numerous expected and unexpected costs necessitate that landlords be on top of their cashflow. As such, it is important to ensure that you are using the right products and services to manage your finances. This entails everything from picking the right accountant, through to accessing the best software and bank account. 

Good bookkeeping is as important for landlords as it is for any other business owner. Without thorough, accurate financial records, you can’t possibly build up a realistic overview of what’s happening in your business. It’s essential for monitoring performance, planning ahead to manage your cash flow, and dealing with the challenges of HMRC.