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15/10/2026

Buy-to-let landlords - a quick reminder about the expenses you can claim against tax...

Allowable expenses must be wholly and exclusively for the purpose of renting out the property, for example:

📌 General property maintenance and repairs (e.g. fixing a boiler, repainting between tenants)
📌 Utility bills (if paid by you): water, gas, electricity
📌 Insurance (e.g. building, contents and public liability)
📌 Letting agency fees/management fees
📌 Accountant’s fees

This list is not exhaustive!

The area of expenses which causes the most confusion with sole trader landlords is mortgage interest relief. Before April 2020, landlords could deduct mortgage interest from their rental income to reduce their taxable profits. This relief was phased out between 2017 and 2020.

Today, landlords cannot deduct mortgage interest from rental income. Instead, they receive a 20% tax credit on mortgage interest paid.

We explain how to calculate mortgage interest relief in more detail here: https://accountingclarkes.com/blog/what-expenses-can-a-buy-to-let-landlord-claim-against-tax/

13/10/2026

A new testimonial has arrived, this time from one of our newest clients!

Thank you, Denise, for your kind words:

"Due to personal recommendations, I have begun working with Accounting Clarkes following the retirement of my previous taxation advisor. Gillian has been my main point of contact, and I have been pleased with the strong communication, prompt responses and robust support/advice."

The team at Accounting Clarkes is personal, proactive and professional. We’re a close-knit team that brings together years of extensive industry qualifications and knowledge with our friendly and responsive nature.

We'd love to hear more about your business and how we could help you achieve your goals. Get in touch and book a discovery call today!

07/10/2026

Running a limited company brings a different level of responsibility than being a sole trader. Statutory accounts, decisions on how you pay yourself, and a structure that has to be maintained properly, not just set up and left alone.

In our latest blog, we've set out where we think a good accountant adds the most value for limited company directors, from getting the compliance basics right, through to the kind of tax planning and management reporting that actually helps you make decisions.

https://accountingclarkes.com/blog/limited-company-director-heres-where-we-add-the-most-value/

05/10/2026

📢 Final call for new self-assessment clients! 📢

As we mentioned last week, we are making great progress through the 2025/2026 self-assessment tax returns for our clients. We have limited availability for anyone who follows Accounting Clarkes and would like our assistance.

➡️ We officially close our books for new self-assessment clients on 31 October.

There's still time, but you must be quick. Email [email protected] or call 01252 612484 to book a discovery call.

01/10/2026

Could you be our next client?

We're looking for…
➡️ landlords and sole traders getting to grips with Making Tax Digital, who want it done properly, not left to the last minute
➡️ fellow Fleet-based* businesses, looking to work with a local accountant
➡️ small businesses looking for an experienced and proactive accountant to help them grow their business

If this sounds like you, we'd love to meet you! Call or email me at [email protected] to set up a meeting.

* We love working with businesses in the towns and villages surrounding Fleet too!

28/09/2026

MTD is bringing some very specific challenges for landlords.

Yes, MTD is changing a lot for the self-employed too, but for landlords specifically, the learning curve might be steeper, and the impact more significant.

Here's why:

1. Implementing and working with software for the first time.
Many landlords have managed their properties through spreadsheets and paper records. Some might not have needed to track anything formally at all, but now they are having to adopt accounting software - something they have never used before.

2. Navigating more frequent reporting.
Instead of one tax return a year, landlords will now be working to quarterly deadlines. The admin burden quadrupled overnight!

3. Working out joint ownership calculations.
If a landlord jointly owns a property, they'll need to establish exactly what share of the income is theirs to declare.

4. Managing multiple properties.
For those with more than one property, they'll have to work out how to allocate expenses correctly, whether to a specific property or shared across the portfolio.

These changes aren't minor. They are going to have a real impact on landlords, and we know that there are still many out there, with their head in the sand about it all.

If you're a landlord, or you know one who could use some support with this, we'd love to talk. Get in touch, or pass this on to someone who needs it.

24/09/2026

If you're a landlord exploring accountancy software options because of the introduction of MTD, you will need to invest time exploring your software options. There are platforms designed specifically with landlords in mind (like Hammock). Many of the major plaforms, like Xero and FreeAgent, also remain solid choices for landlords - especially if they have self-employed income to factor in too.

The right software really does depend on your situation, which is exactly why it's worth exploring what's out there. Top tip - look out for free trials and get a feel for how the software works with your own numbers before deciding it's the right long-term fit.

If you're really stuck on where to start, come and have a conversation with us about what would suit you best.

A point we must emphasise… Even software built specifically for landlords still takes some getting used to, particularly if you've never used any accountancy software before. Give yourself time to learn it properly. It won’t become second nature straightaway. It is a significant change you’re adapting to (but you will get there!)

Take five minutes to read our latest article first.

https://accountingclarkes.com/blog/choosing-mtd-software-as-a-landlord-what-to-consider/

23/09/2026

The team can't quite believe we'll be moving into October next week!

As you can see, we've been very busy after a short summer holiday break. We are well underway with self-assessment tax returns and year-end work.

We're grateful to all our clients who not only keep our days full but also recommend us to their business contacts and wider networks.

What are you most looking forward to in the final months of the year?

16/09/2026

Martin Lewis has recently flagged a hidden tax trap that parents might not be aware of, and as many of our clients are also parents, we felt it was worth a mention (in case you haven't seen it).

If a parent or step-parent gifts money to a child and that money earns more than £100 a year in interest or dividends, the income is taxed at the parent's marginal rate, not the child's. It's there to stop parents shielding their own savings by putting them in a child's name, but it can be an unwelcome surprise if you're not aware of it.

Now, we're not financial advisers ourselves. We would always recommend speaking to a professional if you are investing your money, but Martin did remind us all that money held in a Junior ISA is always tax-free. It also protects the funds from Capital Gains Tax along the way.

If you're weighing up how to save for your children tax-efficiently, it's a conversation worth having alongside your wider financial planning.

And if you're looking at tax planning for your business, that's one to pick up with our team. Call 01252 612484 and let's see how we can help you.

14/09/2026

The first wave of MTD for Income Tax is well underway.

Businesses and landlords with income over £50,000 are now filing quarterly updates. In fact, their second quarterly update is due in November.

If you're in the second wave, with gross income of £30,000 or more based on your 2025/26 tax return, now is the time to start preparing, not next spring.

You'll probably have a hunch already based on your 2024/25 figures, but if you're not sure, your 2025/26 tax return will clarify your position.

➡️ Be mindful that there are only two months between the 2025/26 self-assessment deadline (31 January) and the start of the new tax year, when MTD becomes compulsory for you.

Two months isn't long to get your head around what MTD means for your business, understand your new responsibilities, and get MTD-compatible software up and running if you don't already have it.

Our advice? Get your 2025/26 return done early. You'll know exactly where you stand, and you'll give yourself proper time to prepare, rather than a two-month scramble.

If you're not sure whether you'll be affected or want help getting ready, we're here to help.

Address

Sentinel House
Fleet
GU512UZ

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm

Telephone

+441252612484

Website

https://accountingclarkes.com/contact/

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