
My Letting Agent Pays Me After Deductions: What Rental Income Should I Record?
Your letting agent pays you after fees, so the bank deposit is not your rental income. Learn how to record gross rent, deductions and reconcile…
A content writer specializing in accounting, tax, and finance topics, focused on creating clear and practical insights. Part of Tax Care Accountants, a team that includes members of the Institute of Financial Accountants (IFA).

Your letting agent pays you after fees, so the bank deposit is not your rental income. Learn how to record gross rent, deductions and reconcile…

Stopped work partway through the tax year? Find out how to check whether you have overpaid Income Tax and how to claim it back with…

Think you have the wrong tax code? Learn what 1257L, BR, 0T, D0, W1, M1 and X mean, how to check your code with HMRC,…

The Rent a Room Scheme lets you earn £7,500 a year tax free from a lodger in your main home. Find out when it covers…

Changing accountant in the UK? Learn the switching process, the documents you need, and which HMRC and Companies House deadlines are at risk during handover.

Missed the 7 August 2026 MTD quarterly update deadline? Find out whether HMRC will fine you, how to catch up, and what happens next.

No, you do not need a limited company to employ people. A sole trader can employ staff by registering with HMRC. Here are the steps,…

Compare outsourced bookkeeping vs in-house costs in the UK, including salary, employer NI, pension and software, plus when hiring becomes cheaper.

Self Assessment vs PAYE explained: how each system collects UK income tax, who uses which, the deadlines that apply, and what happens if you use…

Understand what the SA104 form is, who must complete it, and how SA104S differs from SA104F. A clear guide for UK partnership partners filing Self…
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