Landlords with 1 to 12 properties – QuickBooks is a perfect solution to set you up ready for Making Tax Digital (MTD) which starts in April 2023. We are experienced with preparing rental accounts and navigating through complex tax rules.
If you buy and sell, you now must declare your capital gains within 30 days of sale. We can help you to pull together the required information so that you can file on time. Penalties apply to late filing so you must act quickly. If you bought the property a long time ago it may take you time to gather the information relating to the original purchase and any refurbishments. If you previously lived in the property before renting it out, you may be entitled to claim tax relief to reduce the capital gain.
If you are a small property developer, we can help you to prepare your accounts as either a sole trader or a limited company. We can help with your monthly accounts, quarterly tax reporting and prepare the year-end accounts and tax returns. We can cover VAT, CIS, income tax and corporation tax and for anything super complex, we revert to advanced tax specialists.
I was truly blessed to find Simply Additions/Lorraine and her team. On every interaction they have been professional, informative and friendly. They make ‘accounting’ easy and understandable. Their knowledge of…Read more
Harmonised World Ltd
Straight honest words can only best describe Simply Additions: Knowledgeable Helpful Receptive Understanding Reliable Keen Patient Simple Additions made setting up the business accounts feel like a walk in park…Read more
I imagine I was probably an accountant’s worst nightmare. Rocking up at 10 minutes to submission deadline with shoe-boxes full of receipts. I’m still a still a little disorganised and…Read more