New Client form

We note from your enquiry that you are interested in our personal tax return services.

Once engaged as a client of RITA, we would complete the return on the basis of the information provided, file the return on your behalf and correspond with HMRC where necessary. We would review your rental accounts and give suggestions for further expenses that may be claimed at the time of preparation of the return to ensure tax efficiency.

The fee for our service depends on the complexity of the individual’s tax affairs, size of property portfolio, record keeping etc.

The only additional fees to those quoted would be for any further requested specialist tax advice, such as capital gains tax or inheritance tax planning, or if there was a fundamental change in your circumstances giving rise to additional tax complexities. We would, however, always discuss this with you and agree any additional fee in advance of undertaking such further work on your behalf.

We note from your enquiry that you are interested in our company accountancy and tax services.

We would be delighted to assist.

Once engaged as a client of RITA, depending on your requirements, you would benefit from the following services:

• Advice on improving profitability and maximising tax position, whilst paying due care to long term strategy.
• Preparation of statutory full and abbreviated accounts, inclusive of an ACCA accountants report and submission to HMRC and Companies House.
• Corporation tax returns, CT600 and associated corporate tax advice.
• Dividend planning advice.
• Annual submissions to companies house of statement of confirmation & significant people.
• Use of our registered office as a correspondence address for the purposes of Companies House and HMRC

Our fees for this service are dependent upon the complexity of the works but on receipt of further information, we can provide a fixed annual fee. We also kindly request 50% of our fees are paid up front with the final 50% paid on completion.

If you would like assistance with the actual formation of your limited company, we would use our sister company for this, who specialise in company secretarial.  The fee for incorporation is £125+VAT.

The only additional fees from us to those quoted would be for any further requested specialist tax advice, such as exit strategies or inheritance tax planning, or if there was a fundamental change in your circumstances giving rise to additional tax complexities. We would, however, always discuss this with you and agree any additional fee in advance of undertaking such further work on your behalf.

We note from your enquiry that you are interested in our tax investigation services. This is highly specialised work, and for investigation cases, we have to operate on an hourly basis, which is £200+VAT per hour. We do need to make you aware that it is very difficult to ascertain how long the investigation will take, and as such, it is very rare for an accountant to be able to offer a fixed fee service for this type of work. This is unfortunately out of our hands, and is dependent on HMRC, and more importantly the Tax Inspector tasked with your case.

Please be reassured, that once engaged as your tax advisors, we would be HMRC’s first point of contact, and would deal with them on your behalf. Tax investigations can be stressful, and as such, having us to ease this particular burden is always very much appreciated by our clients who have been in a similar position to yourselves. You can also be reassured that we have an excellent success rate with investigations, and our highly specialised property tax experts are perfectly placed and experienced to look after you and your situation in the best possible way.

Nevertheless, at the very least, we would expect the case to take a minimum of 10 hours based on our vast investigation experience, and if you should like to proceed, we shall need to request this amount be paid as a deposit for our works. If the case goes on longer than expected, we would then invoice in 5 hour multiples thereafter, but rest assured, we would keep you abreast of the whole process from beginning to end, and advise on hours worked by way of a timesheet. Of course, if it turns out to take a lot less than expected, we would reconcile the timesheet, and refund accordingly.

We would always try and close the case as soon as possible, and it is a case of trying to ensure you are in the most tax efficient position as possible, whilst ensuring the figures will also stand up to HMRC scrutiny.

We fully appreciate this can be a worrying time, but you would be in good hands here. We are here to work with you to achieve the best result; my general view is it is best to draw a line under mistakes in the past, and ensure that the future is efficient and controlled.

We note from your enquiry that you are looking for specialist tax advice in relation to your rental property business.

We are very well placed to offer all the advice you may require and will be very pleased to do so.

The best route would be to offer our popular one-off consultancy service.

On completion of the assignment, we can of course explore an ongoing arrangement to manage your tax and accountancy affairs in the future as and if required.

It is worth pointing out, that if you are already a landlord, you will likely find it more cost-effective to join as a standard tax return and/or limited company ongoing client instead of using our one-off advisory service.

Where we go from here is your preference. We have two options for our consultancy service:

Option 1

Cost = £600+VAT
This service option includes:
• Our detailed preparation and planning in readiness of the call
• Up to 60 minutes telephone time with our Property Tax Manager
• Follow up email summarising the key points from the consultancy session
• Relevant summaries and calculations arising from the discussions
Our consultancy service is payable at the point of booking the session.

Option 2

Cost = £850+VAT
This service option includes:
• Our detailed preparation and planning in readiness of the call
• Up to 120 minutes telephone time with our Property Tax Manager
• Follow up email summarising the key points from the consultancy session
• Relevant summaries and calculations arising from the discussions
Our consultancy service is payable at the point of booking the session.

There may be instances where Options 1 or 2 are not suitable, as the requirements may be more in depth. We will be in touch with a bespoke proposal should this be the case.

(If you are seeking advice regarding the changes to mortgage interest relief, it is worth pointing out that we do not have a one size fits all solution, as circumstances vary quite dramatically from case to case. You will always receive differing opinions, and you will always have those selling you some form of aggressive scheme which we would not advise on. We are pitched in the position, in that all we can do is give our own professional opinion as to the pros and cons of each available option, and advise as to what we believe is your best way forward; we will be happy to work through this with you should you choose to instruct us).

We note from your enquiry that you are interested in our CGT appraisal, advisory and filing service.

We would be delighted to assist.

This type of work normally attracts a fee of between £200+VAT and £400+VAT as a very general guideline.

There are, however, various factors that could affect fees, as all landlord circumstances differ.

We have a set of standard questions as follows:

We would be delighted to assist you. We have vast experience in dealing with HMRC regarding the Let Property Campaign along with other previous campaigns and, given our specialism in landlord taxation, we are very well placed to help you bring your tax affairs right up to date.

You may have been caught up in the latest wave of letters that have been sent by HMRC, meaning that your disclosure will be classed as prompted. HMRC obtain rental information from all manner of sources including letting agents, deposit schemes and Land Registry, hence many landlords being approached in this way regarding potentially undisclosed taxable rental income. Or, you may not have yet received any correspondence from HMRC on this issue.  If this is the case, your disclosure will be classed as ‘unprompted’ and, therefore, the level of penalty levied for late disclosure may be lower, and of course, it is always best to come to HMRC before they come to you.

By instructing us to assist you with the HMRC Let Property Campaign disclosure, please be reassured that any information you provide will be held in the strictest of confidence.

We will be able to deal with HMRC on your behalf, therefore any queries they may have will be routed through us.  Given our experience in dealing with HMRC and knowing how to respond to their questions, this ensures a somewhat more stress-free experience for you.

In putting together the necessary rental accounts, we will review your expenses to ensure you are claiming everything possible in order to minimise your tax liability, whilst at the same time, ensuring that any claims you do make would stand up to HMRC scrutiny.

We will require you to provide us with a full background of your circumstances, including as much detail of your rental income and expenditure as possible.  If you already keep spreadsheet records, we will need copies of those, otherwise please see below for our template spreadsheet named “20 Year Property Spreadsheet.”  This spreadsheet only requires items to be entered on each yearly sheet, which then adds up automatically and transfers the totals to the front summary automatically too.  There are a few example entries to give you an idea of what is required.  It would be very useful if you could try to complete this as far as possible. We will then be in a position to provide a fee quote for our service, but we shall of course agree any fees with you in advance before we carry out any work. 

We will also require full details of your other income for each year concerned, for instance copy P60s, P11Ds if you are employed, and details of any investment income received.  This is so that we may correctly calculate the rate of income tax applicable to any rental profits now being disclosed.  For now, it would just be helpful to have approximate figures for your income aside from the property, but we will need the exact figures further down the line.  However, if you do not hold the exact past P60 information, we would highly recommend initiating the process as soon as possible to gather this information, so as to not create any delays in the overall process.  This must be applied for yourself, and can be achieved by following this link https://www.gov.uk/guidance/hmrc-subject-access-request

Finally, just to make absolutely sure this is not a full tax investigation and is indeed definitely a Let Property Campaign disclosure requirement, it would be helpful if you could please include on your webform entry a scan of the letter you received from HMRC, just to make sure we are quoting for the correct service.

Our fees for LPC disclosures including tax returns for the first year of engagement start at £850+VAT and increase dependent on complexity of the individuals affairs.  However, on receipt of your initial information, we will be able to confirm and agree the exact fixed fee in advance with you.  Please note that this fee reflects the substantial work required in this one-off assignment, however, our fee would obviously be much reduced in future years as there would only be the tax return to complete.

Landlords with 1-5 properties are likely to face annual fees in the range of between £250+VAT and £650+VAT.

There are, however, various factors that could affect fees, as all landlord circumstances differ.

For landlords with greater than 5 properties, we will need to agree a bespoke fee. Normally, however, for landlords of this size, annual fees would be at least £600+VAT.

As a very general guideline, most of our clients pay an annual fee between £850+VAT for simple cases, up to £1750+VAT for the complex assignments. There are, however, various factors that could affect fees, as all landlord circumstances differ.

Please click PROCEED to pass your details on to RITA4Rent, and to generate your new enquiry reference number. A copy of this will be sent to your email address for your reference. Please allow up to 2 working days for your information to be processed. We will then be in touch with either a proposal, a request for further information, or for an initial consultation.

NB. If you have any issues with this webform, please advise us by email at clients@rita4rent.co.uk.