Keep your finances on track
Find clear answers to frequent questions about accounting services for UK landlords and small businesses.
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Making Tax Digital & Compliance
What is Making Tax Digital (MTD) and do I need to comply?
Making Tax Digital (MTD) is HMRC’s move to digital tax records. Landlords, sole traders earning over £50,000, and limited companies must comply by April 2026. I specialise in making your transition smooth and stress-free before the deadline.
Making Tax Digital & Compliance
I’m a UK landlord with multiple properties—can you handle my bookkeeping?
Absolutely. I centralise all your supplier invoices, track income and expenses per property, and provide clear monthly reports—so you always know how each property is performing.
Making Tax Digital & Compliance
What software do you use and is it MTD-approved?
I use Xero, which is fully HMRC-approved for MTD compliance. I’ll migrate your records, set up your accounts, and ensure you meet all digital filing requirements.
Making Tax Digital & Compliance
How do you help with MTD compliance for small businesses?
I move your financial records onto Xero and reconcile bank feeds. I ensure every transaction is digitally recorded and MTD-ready before the April 2026 deadline.
Making Tax Digital & Compliance
I’m a sole trader—can you handle my self-assessment and MTD?
Absolutely. I manage all your bookkeeping, ensure MTD compliance using Xero, and prepare and file your Self Assessment tax return—so you stay on top of deadlines and avoid penalties.
Bookkeeping and Reporting
How often will I receive updates on my finances?
I provide clear, accurate monthly updates as we reconcile your accounts, so you’re never left in the dark about your income, expenses, or tax position.
Bookkeeping and Reporting
Can you provide reports that show my business performance?
Yes. I create custom reports like Profit & Loss, budget tracking, and performance breakdowns by property or segment. This helps you spot trends and make smart decisions.
Bookkeeping and Reporting
How does your reporting help me run my business better?
My reports go beyond bookkeeping to give you useful insights. They include:
Cost breakdowns by category and supplier
Performance by property or business segment
Budget vs. actual tracking
Trend analysis (month-on-month and year-to-date)
Cash flow forecasting to help you plan ahead
Year-end and Submissions
Do you handle year-end accounts and submissions to HMRC?
Yes. I prepare and submit your year-end accounts to HMRC on time. This applies to sole traders, landlords, and limited companies.
Year-end and Submissions
What if I’m already behind on my bookkeeping or MTD preparation?
No problem. I can help in catching up on late records and fast-tracking MTD setup. I’ll get you organised and compliant before the deadline.
About Me
Who are you and what are your qualifications?
I’m Tom Palmer, a qualified accountant and certified Xero advisor with over 20 years of finance experience. I’ve worked across multiple industries and am a BTL landlord myself. My background is in financial operations, accounting software implementation, and business partnering. That means I don’t just do the books—I help you understand and improve your business.
About Me
Are you certified in Xero?
Yes. I am a certified Xero advisor (Completion ID: T1042613). Xero is fully approved by HMRC for MTD. I’ll set up your accounts correctly, automate where possible, and ensure full compliance.