Continuous Growth for Landlords.
Whether you’re a residential or commercial landlord, own one or multiple properties, we take care of all your accounting needs.
Personalised Accounting.
Your Designated Accounts Manager (DAM) will take the time to understand your wants, as well as your needs, helping you actualise your ambitions and achieve that rapid, continuous growth you’ve always wanted.
As such, you’ll receive a tailored service, incorporating comprehensive compliance reporting; a complete bookkeeping service; tax-planning advisory; capital allowance claims support; and management meetings.
Unrivalled Support.
Providing references, SA302, and tax year overviews, we can support you in making mortgage applications. We’ll also offer you support and representation in the event of a HMRC investigation.
Personalised Cloud Accounting.
Streamlined Procedures.
Designated Accounts Manager (DAM).
Tax Service for Landlords.
Specific accounting packages tend to vary from client to client, being tailored in accordance with individual needs. Here’s how we can help.
Regardless of whether you’re generating a profit or a loss, we can submit tax returns tax returns on your behalf, freeing up time for you to focus on your property endeavours.
Did you know that it is highly advantageous to document losses to HMRC? Although it may feel counterintuitive, not reporting your losses is in itself a loss, since doing so allows you to offset losses against future profits.
When it comes to rentals, we’ll make sure you are not paying more on tax than you need to. Offering expert insights to make sure that you are claiming all of the expenses and reliefs available, reducing the income tax you pay on your rental properties.
Determining the validity of these deductions on your own can prove difficult, especially since there are a range on routes that can be taken according to your individual circumstances. Your DAM will discuss your options with you, keeping you firmly in the driver’s seat, while giving you access to the map.
You are required to pay Capital Gains Tax for various reasons, such as selling or giving away a second property. This requires you to submit a tax return, which GOW and Partners can calculate and take care of, so you don’t have to.
In the lead up to this, we will also offer expert advice regarding tax planning, in order to minimise prospective Capital Gains Tax liability.
Did you know that you can enlist a singular property with HMEC as your main residence for tax purposes, if you own multiple in the UK? Your DAM can analyse your personal situation and weigh up whether this would be favourable for you, offering clear their expertise regarding implications and qualifying criteria.
Cloud Accounting
for Landlords.
With Making Tax Digital (MTD) coming into effect for the sector in 2024, it is vital that Landlord’s embrace the change in good time.
At Gow and Partners, we are experts in accounting technology, ensuring that all of our clients have access to the best software available.
Cloud Accounting
Benefiting from cloud accounting software, such as Xero, you can rest assured that your business will be fully HMRC compliant. You’ll also receive any training necessary to get your head around how to operate the systems.
App Advisory
Tailored app advisory— your Designated Accounts Manager (DAM) can also advice you on the best apps to integrate within your cloud accounting system.
An example— Hammock, one of our numerous app partners, is the go-to property finance platform for UK landlords. It boasts brilliant features relating to banking, bookkeeping, property tax and insights.
