Expanding a property portfolio can be rewarding, but poor accounting can quickly erode profits and create compliance risks. Here are the five most common mistakes landlords and property investors make when scaling their portfolios:
1. Mixing Personal and Business Finances
Many landlords pay property expenses from personal accounts. This makes it harder to track deductible…
Big changes are coming to Companies House. Whether you’re a company director, property investor, or small business owner, the upcoming updates will affect how you register, file, and manage your business information in the UK.
At NiS Accountants, we’re keeping our clients ahead of the curve. Here’s a practical breakdown of the key changes and…
One of our clients recently approached us with a common but important query: "Why am I being charged VAT on coconut water? I was told by another store owner that it should be zero-rated like fruit juice."
This kind of confusion is understandable. After all, coconut water is a natural liquid extracted directly from the…
If you're a property investor operating through a limited company, understanding how to properly claim mileage is essential. Whether you're visiting properties for inspections, meeting contractors, or attending viewings, these trips can add up—and so can the potential tax relief. Here's what you need to know about claiming mileage as a director of a property…
With major changes to the way self-employed individuals and landlords report their income just around the corner, new research has revealed a worrying trend: nearly half of UK sole traders feel unprepared for Making Tax Digital (MTD) for Income Tax.
According to a recent study conducted by IRIS Software, almost one in three sole traders…
Published: Feb 2025 By NiS Accountants
As the 2025/26 tax year unfolds, several important tax changes will affect landlords, self-employed individuals, and small business owners. Staying ahead of these updates is essential for remaining compliant and making informed financial decisions.
1. Capital Gains Tax (CGT) Reform for Property Sales
From 6 April 2024, the…
