Buy to Let Accountant

What are the buy-to-let tax changes for 2017?

The major buy-to-let tax change that came into force from April 2017 affects all finance cost(such as mortgage interest payments). Prior to April 2017, higher rate taxpayers could offset these payments against their rental income before making their final tax calculation. From April 2017, this relief will be phased out, resulting in higher tax bills. Those bills will increase even if landlords’ rental income has remained static.

The first phase of the process has already begun, with landlords now only able to offset 75 per cent, rather than the full 100 per cent, of their mortgage interest payments. This phasing will continue until 2020, by which point landlords won’t be able to offset any of their mortgage interest payments.

However, the change doesn’t only affect higher rate taxpayers. Once rental income has been taken into account in tax calculations, the change will push some basic rate taxpayers into the higher banding. Those at the lower end of the scale may also see their liabilities increase as some will no longer eligible for certain means-tested benefits.

Limited Company

We can take care of all your Limited Company requirements to give you peace of mind throughout the year to focus on your business

We make sure that you are fully compliant by filing your annual accounts to Companies House and a CT600 Corporation Tax Return to HMRC.

Whether you have a new company or an exisiting company, we can certainly help you and guide you in the most efficient way possible.

To discuss about the Limited Company Quotation, please contact us

Sole Trader Accounting

We offer help and guidance to sole traders, helping them grow and advising them on the best taxsolutions.

Are you trading as a sole trader? Although this is a great option, there are sometimes tax benefits by trading as a Limited Company. Cloud Tax can guide you through the possible options.

To discuss about the Sole Trader Quotation, please contact us

Personal Tax

We process your returns on time with HMRC, without any hassle so you can avoid the worry of the dreaded tax return.

Personal Tax Returns (also known as Self-Assessment) create a huge amount of unwanted stress for many people throughout the UK.

Cloud Tax completes and submits tax returns for you, so you don’t have to. We ensure that we have all the correct information required to process to HMRC on time every year.

As part of our process, we become your HMRC authorised agent so we can deal with HMRC on your behalf. Many people are still unsure whether they even need to file a tax return and HMRC can issue large fines for not filing on time.

To discuss about the Personal Tax Quotation, please contact us

Company Formations

We offer an excellent formation service setting you off on the best possible track with our business tips and guidance.

Forming a Limited Company is one of the most tax efficient ways of trading, and as a result has never been so popular. There will be more for you to do when running a Limited Company compared to operating as a sole trader, but we are there to support you. We can have you set up in a matter of hours and take care of all your accounting needs.

Our Limited Company formations start from a one-time fee of £100.00.

To discuss about the Company Formation Quotation, please contact us

Payroll and Auto-Enrollment

We ensure that you are fully compliant with HMRC and The Pension Regulator and offer all the necessary reporting requirements.

Forming a Limited Company is one of the most tax efficient ways of trading, and as a result has never been so popular. There will be more for you to do when running a Limited Company compared to operating as a sole trader, but we are here to support you. We can have you set up in a matter of hours, and take care of all your accounting needs.

To discuss about the Payroll and auto Enrollment quotation, please contact us

Bookkeeping

Our bookkeepers offer a quick and accurate bookkeeping service on your selected online accounting software.

To discuss about the Book Keeping quotation, please contact us

Management Reporting

Understand more about your figures with our advanced business reporting and future growth techniques.

We will provide following reports customised to your needs to help you understand your business performance at advanced level:

  • Management Accounts
  • Cashflow
  • KPIs report
  • Budget

To discuss about the Management Reporting Quotation, please contact us

Softwares

We work with all the major accounting softwares such as Sage, Xero, Kashflow, Quickbooks,VT, Freeagent, Receipt bank, Autoentry, IRIS etc. We pride ourselves as working mainly with cloiud based accounting software and recommend all our client to use cloud based software which would mean the clients are ready for HMRC inititaive of Making Tax Digital(MTD) starting from 2019. Another advantage of cloud based softwares is that we as your accountant would always have real time information about your business. This is the reason we have partnership with Intuit to facilate our clients software subscription.

To discuss about the Softwares Quotation, please contact us