HMRC is looking for landlords!

Happy New year everyone! I managed to take a few days off last week, but it seems HMRC haven’t! In the 3 days between Christmas and new year, Marslands received 3 new enquiries from landlords who have not been declaring their property income. In two days, this is a record for Marslands! One of the…
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Don’t you just love Photo memories?

So this is why I take so many photos-  today I was sat there working and suddenly this pops up on my phone! There are a lot of reasons I love this photo 1. I am with one of my employees on his first networking event where we went together- I know he was nervous…
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Are all Accountants equal when it comes to the Let Property Campaign?

In a group of accountants this week one asked if they should use losses brought forward on a client who is declaring under the let property campaign. My answer is definitely YES! All landlords should declare their profits and Losses including those in the Let Property Campaign. The reason why?- Any losses left over can…
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Last Minute Landlord

We were approached in November by a landlord who had been renting out a property since the previous year. He thought he had plenty of time to complete his rental accounts as his first 12 months had only just ended. He then decided to look for an accountant and came across an article on the…
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Website is Live

After over a year in the making the Marslands Accountants website is finally live – The experience has been frustrating and when you are running a business is very time consuming as well. Would I do it again? Yes. Am I happy? Yes Why yes despite the lost time and frustrations? After 16 years…
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A SWLA Landlord

We were approached by a landlord who was registered with South West Landlords Association. She had just began renting her property and was looking for an accountant to help her with the property tax. She decided to contact Marslands because of the good things SWLA had said about us. She also noticed from our website…
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Inherited a property

We were approached by a brother and sister who had inherited a house. They had been completing repairs on the property for the last few months which amounted to over £60k! Due to the high repairs they needed an accountant as they were confused which expenses were allowable. They didn’t want the hassle of completing…
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A busy IT consultant

An IT consultant contacted us with 4 years undeclared rental income. As he was making a loss on the property he hadn’t told HMRC because he didn’t think he had to He had a bit of a shock when he received a letter from HMRC’s let property campaign. This gave him 30 days to contact…
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A relocated naval worker

A naval worker approached us as he had been renting his house out for the past 2 years after he was posted to Portsmouth. As he was an “accidental landlord” he didn’t realise there were tax implications, as he was on PAYE he thought it was all dealt with. He saw a Marslands social media…
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Making Tax Digital – Marslands guide to sign up!

Making Tax Digital – How to sign up! We recommend you do this before your next VAT return is due by at least one month in case you hit any problems! What you will need Details to access your HMRC VAT login (if you have one) Your UTR number for the business Access to your…
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