Property Accounting Services
Make your properties work harder for you
Specialist tax and accountancy support for property investors of all sizes
Whether you’re renting out a single buy-to-let flat, managing holiday cottages, or running a substantial property empire, one thing’s for certain – the financial and tax landscape for landlords is more complex than ever.
The tax environment has become increasingly hostile for landlords. In recent years, you’ve been hit with restricted mortgage interest relief, the 3% stamp duty surcharge, and tighter rules on various property reliefs. What used to be a straightforward investment has become a tax planning challenge.
Compliance requirements have multiplied too. Property income now brings additional reporting obligations that demand meticulous record-keeping and attention to detail. And with Making Tax Digital on the horizon, digital record-keeping is no longer optional.
At Smethurst & Co, we understand that property investment isn’t just about bricks and mortar – it’s about building sustainable wealth, generating reliable income, and creating a legacy that can last for generations.
Our specialised property accounting services
We work with many individuals and businesses with commercial property portfolios, so we understand the needs and pressures they encounter.
Our accountancy services for landlords include;
Landlord tax returns
We go beyond basic form filling, reviewing all property income and expenses, often identifying missed deductible costs. We provide strategic advice on how to classify repairs versus capital improvements, ensuring you get tax relief when it’s available.
Business structure advice
One of the biggest questions landlords face today is whether to hold properties personally or through a company.
Our property structure advice starts with a personalised analysis of the tax implications for your particular situation. We compare income tax versus corporation tax rates based on your current and projected rental income, factoring in your other income sources.
Setting up a landlord limited company
If incorporation is the right move for you, we handle the entire process with careful attention to the details that matter for property businesses.
Why property developers and investors choose Smethurst & Co
Property accounting isn’t just about processing rental income and expenses – it’s about maximising your returns, minimising your tax burden, and building sustainable wealth through strategic financial management. At Smethurst & Co, we don’t treat property portfolios as a sideline to our main business; we’re genuine property specialists who understand the unique challenges facing today’s landlords and developers.
We provide the specialist knowledge that can save you thousands in tax while keeping you fully compliant. We stay ahead of the constant changes in property taxation – whether it’s the latest HMRC guidance on furnished holiday lets, updates to capital gains tax rules, or new requirements for Making Tax Digital – so you don’t have to become a tax expert yourself.
I’ve been working with Smethurst LLP for several years now, and I can confidently say they’ve been an invaluable part of my entrepreneurial journey. They’ve handled the accounting and bookkeeping for three separate property businesses I’ve set up, and their support has consistently been reliable, knowledgeable, and proactive.
Helen and Mark, in particular, have been fantastic to work with—always approachable, professional, and quick to respond. Their advice has helped me navigate the financial and regulatory complexities that come with running multiple businesses, and they’ve given me peace of mind knowing that my accounts are in safe hands.
If you’re looking for a team that truly understands the needs of growing businesses, especially in the property sector, I highly recommend Smethurst LLP. Their expertise and personal approach have made a real difference to me and my companies.
James Bayliss
(Director/Owner)
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Our pricing promise
What we are is fair and competitively priced. Fair in our pricing, fair throughout the work we do for you, and fair in genuinely investing time to support you and your business.