Sorting and preparing your property accounts for tax compliance and growth opportunities can sometimes be complex and overwhelming. Especially when you’re also dealing with the responsibilities that come with being a landlord, managing individual property-based enterprises or running a furnished holiday let.
Mollan & Co can remove that burden. Whether for regulatory compliance, strategy, or planning, our cloud accounting services can streamline these responsibilities while helping you to save on long-term costs.
Contact us today to book your free, no-obligation consultation.
Landlord accountants and estate accountants in York – what we do
Our property accountants can help you to manage all financial aspects of property ownership, investments, and lettings.
We advise on:
- Tax compliance and planning: We ensure landlords, property investors, and developers comply with property tax laws – which can be complex and require tailoring to your specific needs. We can help with tax liabilities from income tax, corporation tax, capital gains tax, and inheritance tax, or get expert guidance for mortgage interest relief, capital allowances, and Private Residence Relief.
- Advice for Houses in Multiple Occupation (HMO) landlords: Our HMO accountants specialise in helping landlords meet compliance, licensing, and tax requirements unique to HMOs, ensuring profitability and peace of mind.
- Precise record keeping and reporting: We maintain and manage detailed records of rental income and property expenses, ensuring you can prepare accurate annual accounts and financial statements.
- Transactional services: We can advise on tax implications for all scenarios including buying, selling, and transferring properties. We also handle Stamp Duty Land Tax (SDLT) calculations and compliance.
- Portfolio management: We assist landlords and investors in property portfolio structuring, ensuring maximum profitability if you’re selling and the smoothest most efficient tax processing possible.
Why choose Mollan & Co as your property accountant?
- Experts in tax laws: We have years of experience in dealing with tax laws, meaning we can keep your endeavours tax compliant and avoid penalties, whether you’re renting a property, or earning from a furnished holiday let.
- Provide tax savings: By identifying tax relief opportunities, we can reduce your tax liabilities and potentially save you money.
- Time efficiency: Hand over your financial management duties to us, and we will handle it all, allowing you to focus on growing your portfolio and other value-added priorities.
- Strategy and guidance: We will look ahead and at your current circumstances to uncover profitable opportunities, new ways to structure your portfolio, and provide long-term financial planning.
- Regulatory compliance: Using a meticulous approach combined with our intricate knowledge of regulations, we can guide you through regulations, including Making Tax Digital (MTD), which we specialise in.
Mollan & Co’s specialised services for property-based enterprises
We provide several expert services for property owners and landlords, including:
- Accounts preparation: We ensure all the financial data of your estate is put together coherently and presented in a transparent format that complies with property regulations.
- Management accounts: We use balance sheets, budget forecasts and other financial components to ensure your reports and statements are prepared for management processes.
- Bookkeeping: We handle tasks like digital data entry, bookkeeping, reporting, and many processes that save time, cut down on stressful or repetitive tasks, bringing clarity to your tax obligations.
- VAT returns: We advise on all aspects of your Value Added Tax (VAT) returns for commercial properties or mixed-use developments, from business registration to regulatory compliance.
- Business consultancy: We offer business valuation services, growth plans, and strategic advice to improve business performance and uncover new opportunities.
York Accountants for landlords and property owners
Mollan & Co provides bespoke accounting services applied to your unique property-based endeavours. Leveraging cloud accounting like Xero, we make record-keeping transparent, adaptable, and user-friendly.
Get in touch with us for a consultation. No obligation, just good advice. If you’re looking to change accountants, we are ready to take you on.
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