TaxStore Blog

Rental Property Accounting

Tue, 16 Jun 2026 09:49:05 GMT

Clear, straightforward tax advice for property landlords

Understand exactly where you stand with your rental income, what you owe, and what to do next.

No confusion over rules or missed opportunities. Just clear, practical advice to help you manage your property income properly.

Specialist support for landlords

Property tax is not the same as standard business or employment income.

From allowable expenses to mortgage interest restrictions and capital gains, the rules can quickly become complex.

We help you navigate this properly, so everything is reported correctly and tax is managed efficiently.

Know your numbers, avoid surprises

With your rental accounts kept up to date, you always know:

how your properties are performing
what your tax position looks like
what is coming up next

No last-minute calculations or unexpected tax bills. Just clear visibility and control.

Tax returns done properly

We prepare and submit your Self Assessment tax returns, including your rental income and expenses.

Everything is:

calculated accurately
checked carefully
explained clearly

So you know exactly how the figures have been arrived at.

Tax efficiency for property investors

We go beyond just reporting the numbers.

We help you:

claim the right expenses
structure your property ownership efficiently
plan ahead to reduce your overall tax position

So you are not paying more tax than you need to.

Buying, selling and planning ahead

If you are:

buying your first rental property
growing your portfolio
or thinking about selling

We can advise you on the tax implications before you act.

This includes Capital Gains Tax, reporting requirements, and how to plan ahead effectively.

60-day property tax returns

If you sell a UK residential property, you may need to report and pay Capital Gains Tax within 60 days.

We handle this for you:

calculating the gain
preparing the return
submitting it on time

So you avoid penalties and stay compliant.

Built around your portfolio

Whether you have one property or several, we tailor our service to suit you.

We support:

individual landlords
joint property owners
growing portfolios

So your accounting keeps pace as your property investments develop.

A simple, practical approach

We keep things straightforward:

We understand your property income and situation
We prepare clear rental accounts
We complete and submit your tax return
We advise you on what to do next

No jargon, no overcomplication, just clear advice that works in practice.

Get started

If you would like help with your rental property accounts or tax return, we are here to help.

�� Get in touch to get started

Property Investment

Sun, 14 Jun 2026 05:41:41 GMT

Specialist Accounting and Tax Support for Property Investors

Property investment can be an effective way to build long-term wealth and generate additional income, but it also comes with a range of tax, accounting and compliance obligations.

Whether you’re investing in buy-to-let properties, operating HMOs, running Airbnb accommodation, using rent-to-rent strategies or exploring other property investment opportunities, having the right advice and support in place can help you stay compliant and make informed business decisions.

At Hillmans Chartered Accountants, we work with property investors across the UK, helping them understand the tax and financial implications of their property activities and providing ongoing support as their portfolio grows.

Helping You Build and Manage Your Property Portfolio

As your property investments grow, so does the complexity of your tax affairs.

We help property investors understand:

* The tax implications of different property investment structures

* Whether to invest personally or through a limited company

* The financial performance of their property portfolio

* Cashflow and record-keeping requirements

* Capital Gains Tax implications when selling property

* Making Tax Digital requirements for landlords and property businesses

Our aim is to provide clear, practical advice that helps you understand your obligations and make informed decisions with confidence.

Property Investment Strategies We Support

Buy-to-Let Property

Traditional buy-to-let property remains one of the most common forms of property investment. We can assist with rental accounts, Self Assessment tax returns, mortgage interest restrictions, Capital Gains Tax planning and Making Tax Digital compliance.

Houses in Multiple Occupation (HMOs)

HMOs can offer attractive rental yields but often involve additional management and compliance requirements. We can help ensure your accounting records and tax affairs remain organised and compliant.

Airbnb and Serviced Accommodation

Short-term lets and serviced accommodation businesses have become increasingly popular with property investors. We can assist with the accounting and tax aspects of operating these businesses and help you understand your reporting obligations.

Rent-to-Rent

Rent-to-rent strategies can provide opportunities to generate income without purchasing property directly. Understanding how income should be reported and how arrangements are structured is important from both an accounting and tax perspective.

Rent-to-Buy and Lease Options

Alternative property investment strategies often involve more complex legal and tax considerations. We can work alongside your solicitor and professional advisers to help you understand the potential tax implications.

Property Sourcing and Deal Packaging

If you operate a property sourcing or deal packaging business, we can provide accounting, tax and business support to help you manage and grow your operation.

Limited Company Property Investment

Many investors choose to hold properties through a limited company. We can advise on the advantages and disadvantages of different ownership structures and provide ongoing support with annual accounts, corporation tax returns and director tax returns.

Property Tax Advice

Property taxation is a specialist area and can involve a number of different taxes, including:

* Income Tax

* Corporation Tax

* Capital Gains Tax (CGT)

* Stamp Duty Land Tax (SDLT)

* VAT

* Making Tax Digital (MTD)

Understanding the interaction between these taxes can be important when making investment decisions and managing a growing property portfolio.

Related Property Services

Property investment often overlaps with other areas of property taxation and business planning.

If you are involved in property renovations, conversions, new builds or development projects, you may also find our Property Development services useful.

If you own traditional buy-to-let properties and require assistance with rental accounts , tax returns or Making Tax Digital compliance, please visit our Rental Property page .

If you are planning to sell an investment property, our Capital Gains Tax service can help you understand your reporting obligations and potential tax liabilities.

Why Choose Hillmans?

* ICAEW-regulated firm of Chartered Accountants

* Specialist support for property investors and landlords

* Experience with a wide range of property investment strategies

* Advice focused on tax efficiency and practical business support

* Fixed fee services available

* Face-to-face support from our Weston-super-Mare office

* Digital support available through our TaxStore® platform

Speak to a Property Investment Accountant

Whether you’re purchasing your first investment property or building a larger portfolio, we’re here to help.

Property Development

Sat, 13 Jun 2026 05:55:35 GMT

Accounting and Tax Advice for Property Developers

Property development can be highly rewarding, but it also involves significant financial risk. A profitable development is about far more than simply buying and selling property, success depends on careful planning, accurate financial information and understanding the tax implications before key decisions are made.

At Hillmans Chartered Accountants, we work with property developers, investors and construction businesses, helping clients understand project profitability, improve cashflow and navigate the complex tax rules surrounding property development.

Whether you are renovating a single property, converting existing buildings or undertaking larger development projects, we can help.

Helping You Make Better Development Decisions

Successful property developers need more than annual accounts and tax returns.

We help clients understand:

* Whether a development project is financially viable

* The likely profit from a proposed development

* Cashflow requirements throughout the project

* The tax implications of different structures

* VAT recovery opportunities

* How profits will be taxed

* When a limited company may be appropriate

By understanding these issues early, developers can often avoid costly mistakes and make better-informed decisions.

Property Development Services

Development Project Planning

Before committing to a project, it is important to understand the financial implications.

We can help you assess potential projects and identify key financial considerations before significant costs are incurred.

Property Development Companies

Many developers choose to operate through a limited company structure.

We can advise on the advantages and disadvantages of different structures and provide ongoing support with accounts, corporation tax and compliance requirements.

Renovations and Property Conversions

From single-property refurbishments to larger conversion projects, we can help ensure your financial records remain organised and your tax obligations are understood.

New Build Developments

New build projects often involve complex VAT and tax considerations.

We can help you understand the rules and identify opportunities to maximise VAT recovery where available.

Joint Ventures and Development Partnerships

Property development projects frequently involve multiple investors or business partners.

We can work with you and your advisers to help structure arrangements clearly and understand the financial implications from the outset.

VAT and Property Development

VAT is one of the most complex areas of property taxation and can have a significant impact on the profitability of a project.

Understanding the VAT treatment before work begins can be crucial.

We can assist with:

* VAT registration

* VAT returns

* Property and construction VAT issues

* VAT recovery on development projects

* Understanding reduced-rate and zero-rated supplies

Related Property Services

Property development is often closely linked to other areas of property taxation and investment.

If you’re building a portfolio of buy-to-let properties, operating HMOs, running Airbnb accommodation or using other investment strategies, you may also find our Property Investment Accounting services useful.

Likewise, if you own rental properties and require assistance with rental accounts, tax returns or Making Tax Digital compliance, please visit our Rental Property Accounting page.

When a development project results in the sale of a property or investment, Capital Gains Tax may also become relevant. Our Capital Gains Tax service can help you understand your reporting obligations and potential tax liabilities.

Why Choose Hillmans?

* ICAEW-regulated firm of Chartered Accountants

* Experience supporting property developers and investors

* Advice focused on profitability and commercial outcomes

* Support with company structures and tax planning

* Fixed fee services available

* Face-to-face support from our Weston-super-Mare office

* Digital support available through our TaxStore® platform

Speak to a Property Development Accountant

Whether you’re planning your first development project or managing multiple developments, we’re here to help.

Contact us to discuss your plans and discover how professional tax and accounting advice can help you make better property development decisions.

Business Advice

Thu, 14 May 2026 16:53:00 GMT

Clear business advice to help you move your business forward

Understand where your business is heading, what needs to change, and what to do next.

No guesswork, no uncertainty, just clear advice to help you make better decisions with confidence.

Starting your business the right way

Getting things right at the start makes a big difference later.

We help you:

decide between sole trader and limited company
set up your business structure properly
understand your responsibilities from day one

So you avoid costly mistakes and build on solid foundations.

Ongoing advice as your business grows

As your business develops, your decisions become more important.

We work with you to:

review performance and profitability
plan for tax efficiently
make informed decisions as you grow

So you stay in control and move forward with clarity.

Regular support and guidance

Sometimes you just need someone to talk things through with.

We offer:

regular check-ins and review meetings
practical, straightforward advice
support when important decisions arise

So you are not making decisions alone.

Planning ahead, not reacting later

The best results come from planning ahead rather than reacting after the event.

We help you:

prepare for key decisions
manage cash flow and tax exposure
structure your business for the future

So you are always one step ahead.

Exit and long-term planning

Whether you plan to sell, step back or restructure, planning ahead is key.

We support you with:

exit planning and timing
preparing your business for sale
understanding the tax implications

So you maximise value and avoid surprises.

A clear, practical approach

We keep things simple and focused on what matters.

We understand your business and goals
We identify what needs to change or improve
We agree a clear plan
We support you as you move forward

No jargon, no overcomplication, just advice that works in practice.

Make better decisions with confidence

With the right advice, you can:

grow your business more effectively
avoid costly mistakes
feel confident about your next steps

Get started

If you would like support with starting, growing or planning your business, we are here to help.

�� Get in touch to get started

Legal Services

Fri, 27 Mar 2026 07:10:15 GMT

Legal Services Support

Helping you understand legal matters and connecting you with the right specialists.

What we do

Many of our clients need legal support as part of their business or personal affairs.

This often includes:

Buying or selling a business
Property transactions
Shareholder agreements
Company restructures
Commercial contracts

While we are not authorised to provide legal advice, we work closely with trusted solicitors and can help guide you through the process.

How we can help

As your accountants, we are often involved in the financial side of legal matters.

We can:

Help you understand the financial and tax implications
Structure transactions in a tax-efficient way
Work alongside your solicitor to ensure everything aligns
Review financial aspects of agreements
Provide information and documentation required

This ensures that both the legal and financial sides are joined up.

Shareholder agreements

Shareholder agreements are one of the most important documents for any business with more than one owner.

We can help you:

Understand what should be included
Identify potential risks or gaps
Ensure the agreement aligns with your accounts and ownership structure
Work with your solicitor to put the right agreement in place

Getting this right early can prevent costly disputes later.

Buying or selling a business

If you are buying or selling a business, legal and financial advice need to work together.

We can support you by:

Reviewing financial information
Advising on deal structure
Working with your solicitor during the transaction
Helping ensure the outcome is both commercially and tax efficient

Working with trusted legal advisers

We work with a network of experienced solicitors who specialise in:

Commercial law
Property transactions
Business sales and acquisitions

Where needed, we can introduce you to the right adviser and remain involved throughout the process.

Important to know

We are not authorised to provide legal advice.

Any legal advice or drafting of documents will be carried out by a qualified solicitor.

Our role is to support you from a financial and tax perspective and to help coordinate the process.

Need help with a legal matter?

If you’re dealing with a legal matter as part of your business or personal affairs, feel free to get in touch .

We can help you understand what’s involved and connect you with the right specialist.

Loans & Mortgages

Fri, 27 Mar 2026 07:01:06 GMT

Loans & Mortgages in Weston-super-Mare

Helping you understand your options and connecting you with the right specialists.

What we do

We regularly work with clients who need support with:

Business loans and finance
Mortgages and property finance
Refinancing and restructuring
Funding for growth or investment

While we are not authorised to provide financial advice on loans or mortgages, we can help you understand your position and introduce you to trusted, regulated advisers.

How we can help

As your accountants, we are in a strong position to support you before you speak to a lender or adviser.

We can:

Help you understand what you can afford
Prepare financial information required for applications
Review your accounts and income position
Identify potential issues before applying
Liaise with lenders or advisers where needed

This ensures you are properly prepared and gives you the best chance of a successful application.

Working with regulated advisers

Where advice is required, we work with a network of trusted, FCA-regulated mortgage brokers and finance specialists.

They will:

Provide tailored advice based on your circumstances
Recommend suitable products
Handle applications and lender negotiations

We can introduce you to the right person and remain involved to support the process from an accounting and financial perspective.

Who this is for

This service is suitable for:

Business owners looking for funding
Individuals applying for a mortgage
Property investors
Clients needing help preparing for finance applications

Important to know

We are not authorised to provide regulated financial advice on loans or mortgages.

Any advice on specific products or lenders will be provided by an FCA-regulated adviser.

Our role is to support you with the financial information, preparation and introductions needed to move forward with confidence.

Need help with funding or a mortgage?

If you’re considering a loan, mortgage or finance application, feel free to get in touch .

We can help you prepare and connect you with the right specialist.

How to Get Your Companies House Personal Code

Fri, 20 Mar 2026 13:06:07 GMT

Our guide on how to get your Companies House personal code

Companies House is introducing major changes that will gradually require all company directors and persons of significant control (PSCs) to verify their identity. This is part of a phased rollout starting from 18 November 2025 .

From this date, identity verification will become mandatory before certain filings can be submitted, including the company’s next confirmation statement. You don’t have to verify your identity by 18 November, but once your next confirmation statement or other relevant filing is due after that date, verification will be required before it can be submitted.

What you need to do

Create a Companies House account
Create a GOV.UK One Login
Verify your identity to obtain your unique Companies House personal code (an 11-character ID)

This personal code is unique to you, not your company, and can be used across all companies where you’re a director or PSC. You must keep it safe, although you can share it with trusted agents (e.g. your accountant or solicitor) who file documents on your behalf. We will need this code in order to continue filing for you once the new rules apply.

Step-by-step setup

Create a Companies House account:
Visit https://find-and-update.company-information.service.gov.uk/ and click Register.
Set up your GOV.UK One Login:
Visit www.gov.uk/one-login and sign up (or sign in) using your email and mobile number.
Verify your identity:
Visit Verify your identity for Companies House
Have your ID ready:
A UK passport or driving licence works best (other photo ID may be accepted).
Complete the checks:
Take a photo of your ID and a selfie, then answer a few short questions.
Get your personal code:
This will appear in your GOV.UK One Login account (and may be emailed to you). It is unique to you and remains valid going forward.
Send us your code:
Email us your code and we’ll use it to complete your filings and link your verified identity to your company roles when required. You don’t need to do the linking yourself if we’re handling the filings.

�� Tip: Make sure the name on your ID exactly matches your Companies House record — including middle names and spelling to avoid delays.

⭐️ We have attached some screenshots and guides below for you to follow to help you set this up.⭐️

�� Using an ACSP

If you’d prefer us to take care of this for you, Hillmans is now registered as an Authorised Corporate Service Provider (ACSP) , which means we can verify your identity on your behalf.

There is a charge for this, so please let us know if you’d like us to send you a quote and arrange the checks.

Please note we only offer this service to existing Hillmans clients.

If we carry out the verification for you, the code will be sent to the email address we have on file. If you’d prefer to use a different email address, just let us know when you accept the proposal.

Companies House has plenty of helpful guidance online, and their helpline (0303 1234 500) is also worth contacting if you need direct support.

We hope this helps. Please don’t hesitate to get in touch if you have any questions.

Creating your Account at Companies House

1. Search for ‘register for a webfiling account online’ and Select ‘Companies House –

Or use hyperlink : Companies House - Register for WebFiling

2. Click ‘Register’

3. Fill in form and click ‘Register and sign-up’

Create your personal One login with Companies House

1. Search for ‘create one login account’

Or select hyperlink: https://www.gov.uk/using-your-gov-uk-one-login

2. Click ‘Create your Gov.uk One Login’

3. Enter email address and click continue

4. Enter 6 digit code sent to your email and click continue

5. Create your password (make this different to your companies house login) and click

continue

6. Enter mobile number and then the code that is text to you.

7. You should now have a one account

8. You will then be emailed a code to the email linked to your webfiling account, enter

this code, when prompted and then your webfiling account will be linked to your One

account.

You will then need to verify your identity

1. Click this link: https://www.gov.uk/guidance/verify-your-identity-for-companies-house

Scroll down and click on the Verify Your Identity

2. Click on ‘no’

3. This will divert you to your one login account. Click the ‘Go to Gov.uk One login and select ‘Continue’ and sign into your Gov.Uk One account.

4. You can choose one of the following options, and then click ‘continue’

5. Complete questions and click ‘continue’

6. You will then be asked what Photo ID you have available.

7. Choose which type of phone you have.

8. Once you have verified your identity, click ‘continue to the service’

9. You should then be able to see your Companies House personal code

10. If you are a client of ours, please let us have this code. A screenshot or an email with a note of it, will be fine.

Need some assistance?

We hope this guide has been of assistance, however please don’t hesitate to get in touch if you have any questions or need any help.

Chartered Accountants

Fri, 20 Mar 2026 11:02:44 GMT

What is a Chartered Accountant?

Not all accountants are the same.

In the UK, anyone can call themselves an accountant. The title is not protected, which means there is a wide range of experience, qualifications and standards across the industry.

A higher standard of expertise

Chartered Accountants are fully qualified professionals who have completed rigorous training, exams and practical experience.

We are regulated by the Institute of Chartered Accountants in England and Wales (ICAEW), which means we work to strict professional and ethical standards.

You can view our membership of the ICAEW here .

Advice you can rely on

Choosing a Chartered Accountant means you are working with someone who is:

qualified and experienced
independently regulated
committed to maintaining high professional standards

So you can rely on the advice you receive.

Clarity, not confusion

Accountancy and tax can be complex.

Our role is to make things clear and straightforward, so you understand:

where you stand
what you need to do
and what comes next

No jargon, no unnecessary complication.

More than just compliance

Being a Chartered Accountant is not just about qualifications.

It is about:

giving clear, practical advice
helping you make better decisions
supporting you as your business grows

So you are not just meeting requirements, you are moving forward with confidence.

Professional standards you can trust

As ICAEW Chartered Accountants, we are required to:

follow strict ethical guidelines
maintain professional competence
keep your information confidential
act in your best interests

This gives you reassurance that everything is handled properly.

Work with confidence

Choosing a Chartered Accountant means choosing a higher standard of service, advice and accountability.

It gives you confidence that your accounts and tax are being managed properly, by people you can trust.

Get in touch

If you would like to speak to a Chartered Accountant about your business or personal tax, we are here to help.

�� Get in touch to get started

Switch Accountants

Fri, 20 Mar 2026 10:42:27 GMT

Switching accountants is easier than you think

Changing accountants can feel like a big step, especially if you are worried about dealing with your previous accountant or managing the handover process.

The good news is that switching accountants is straightforward, and we handle the entire process for you.

From contacting your previous accountant and requesting professional clearance, through to organising records and getting everything transferred over with HMRC, we aim to make the transition smooth, organised and hassle-free from start to finish.

Why move to Hillmans

Our approach combines local, trusted professional advice with modern systems and straightforward support for you and your business.

As Chartered Accountants , we aim to make switching accountants simple, organised and hassle-free.

That means:

clear, up-to-date information
better organisation and visibility
support when you need it

So you stay in control and know exactly where you stand.

More than just another client

Many people come to us because they feel like just another number with their accountant, with limited communication, difficulty getting hold of them, and advice that only comes after the fact.

We do things differently.

You have a dedicated team you can speak to, clear communication throughout the year, and advice to help you stay ahead, not catching up later.

A better way of working

With Hillmans, everything is designed to be simple and easy to manage.

You get:

face-to-face support when you need it
digital tools to keep everything organised
clear communication without jargon

No chasing for information, no confusion, just a more straightforward way to manage your accounts and tax.

Start with a free consultation

We offer a free, no-obligation consultation so you can see how we work and whether we are the right fit.

You will get clear advice, a straightforward proposal, and the opportunity to ask questions before making a decision.

A simple 3-step process

1. Get in touch

Let us know you would like to move, and we will guide you through the next steps.

2. We handle the switch

With your permission, we contact your existing accountant and arrange the handover.

Everything is handled professionally and in line with the correct procedures.

3. You are up and running

Once we receive your information, we take over your accounts and tax with no disruption.

No disruption, no loose ends

Your deadlines and filings continue as normal during the transition.

We make sure everything is transferred properly so nothing is missed.

Make the move with confidence

Switching accountants is an opportunity to:

get clearer advice
improve how your accounts are managed
feel more in control

We make sure you start off on the right footing.

Get started

If you are thinking about changing accountants, or just want to explore your options, we are here to help.

�� Book your free consultation

CIS

Thu, 19 Mar 2026 16:42:50 GMT

CIS Services (for Contractors)

Stay on top of your CIS (Construction Industry Scheme) obligations with everything calculated, submitted and kept up to date.

No missed filings, no confusion over deductions, just confidence everything is done correctly.

Registered and set up correctly

If you are working in construction, registering under CIS is essential.

We help you:

register for CIS as a subcontractor with HMRC to avoid being stopped 30% tax
ensure you are set up correctly as a contractor if you are paying subcontractors
avoid delays or incorrect deductions
apply for gross payment status as a contractor

So you are ready to operate properly from the outset.

Monthly CIS returns and submissions

CIS returns must be submitted every month, even if there is nothing to report.

We take care of:

preparing and submitting monthly CIS returns
verifying subcontractors
ensuring deadlines are met

So you avoid penalties and stay compliant.

Managing subcontractor deductions

Getting deductions right is key under CIS.

We ensure:

correct deduction rates are applied
subcontractors are verified with HMRC
records are maintained properly

So there are no errors or disputes later on.

Keeping everything accurate and up to date

CIS can quickly become complex if not managed properly.

We help you:

keep clear and accurate records
deal with HMRC queries if they arise
stay on top of changing requirements

So everything runs smoothly throughout the year.

A clear, consistent process

We make CIS straightforward.

We ensure you are registered correctly
We verify subcontractors and set up records
We prepare and submit monthly returns
We keep everything up to date

No missed deadlines, no unnecessary stress, just a process you can rely on

Stay in control

With the right support, CIS becomes manageable rather than a burden.

You can:

focus on your projects
avoid penalties and delays
have confidence everything is handled properly

Get started

If you need help with CIS registration, monthly returns or ongoing support, we are here to help.

�� Get in touch to get started

Payroll

Thu, 19 Mar 2026 16:35:21 GMT

Payroll, handled properly and on time

Pay your team correctly and stay compliant with HMRC, with everything processed, filed and managed for you.

No missed deadlines, no confusion over rules, just a smooth, reliable payroll process you can trust.

Getting set up as an employer

If you are taking on staff for the first time, there are a number of steps to complete before you can run payroll.

We help you:

register as an employer with HMRC
set up your payroll scheme correctly
ensure everything is ready before your first payday

So you start properly, with no issues later on.

Running your payroll

Whether you pay staff weekly or monthly, payroll needs to be accurate and submitted on time every time.

We take care of:

weekly and monthly payroll processing
payslips for employees
calculation of PAYE and National Insurance
Real Time Information (RTI) submissions to HMRC

So your team are paid correctly and your obligations are met.

RTI and ongoing compliance

Every payroll run must be reported to HMRC under Real Time Information rules.

We ensure:

all submissions are made on time
records are kept correctly
any issues are dealt with promptly

So you avoid penalties and stay fully up to date.

Year-end payroll and reporting

At the end of the tax year, additional reporting is required to finalise your payroll records.

We handle:

final submissions to HMRC
P60s for employees
P11Ds where required
year-end reconciliation

So everything is completed accurately, with no loose ends.

Workplace pensions and auto-enrolment

If you employ staff, you are likely required to provide a workplace pension scheme.

We support you with:

setting up an auto-enrolment pension scheme
assessing employee eligibility
ongoing pension submissions and compliance

So you meet your obligations without the complexity.

A smooth, reliable process

We keep payroll simple and consistent.

You provide employee details and any changes
We process payroll and calculate deductions
Payslips are issued to your team
Submissions are made to HMRC
We keep everything up to date

No chasing deadlines, no last-minute stress, just a process that works.

Focus on running your business

Payroll can quickly become time-consuming and technical.

With the right support, you can:

free up your time
avoid costly errors
stay fully compliant

So you can focus on your business, knowing payroll is taken care of.

Get started

If you need help setting up payroll or managing it on an ongoing basis, we are here to help.

�� Get in touch to get started

VAT Returns

Thu, 19 Mar 2026 16:23:03 GMT

VAT, made clear and manageable

Stay on top of your VAT with confidence, with everything calculated, submitted and explained properly.

No confusion over rules, no missed deadlines, just clarity on what you owe and reassurance everything is handled correctly.

Getting VAT right from the start

Whether you are approaching the VAT threshold or registering voluntarily, getting set up properly is key.

We help you:

understand when you need to register
choose the right VAT scheme
avoid common mistakes early on

So you start on the right footing, with no issues later.

Choosing the right VAT scheme

The scheme you choose can make a significant difference to how much VAT you pay and how you manage your cash flow.

We guide you through options such as:

Standard VAT Scheme
Flat Rate Scheme
Cash Accounting Scheme
Annual Accounting Scheme

So you are not just compliant, but operating in the most efficient way for your business.

Making Tax Digital (MTD) for VAT

VAT now falls under Making Tax Digital, meaning records must be kept digitally and submitted using compatible software.

We make this simple by:

setting up compliant systems or spreadsheets
ensuring digital links are in place
submitting your VAT returns correctly

So everything meets HMRC requirements without added stress.

Ongoing VAT support and returns

VAT is not just about submitting returns. It is about getting the numbers right throughout the year.

We support you with:

preparation and submission of VAT returns
review of transactions and VAT treatment
advice on complex or unusual transactions
correcting errors and dealing with HMRC

So you avoid costly mistakes and stay in control.

More than just compliance

VAT can quickly become complicated, especially as your business grows.

With the right advice, you can:

improve cash flow
avoid overpaying VAT
handle changes in your business with confidence

We help you understand what is happening, not just process the numbers.

A clear, straightforward process

We keep things simple from the start.

We review your current position
We recommend the right setup or scheme
We handle your VAT returns and submissions
We support you as your business grows

No jargon, no unnecessary complexity, just a clear and reliable process.

Get started

If you need help with VAT registration, returns, MTD or ongoing support, we are here to help.

�� Get in touch to get started

Year End Accounts

Thu, 19 Mar 2026 14:24:06 GMT

Year-end accounts for small business owners

Know where you stand, with clear, reliable accounts that are explained in a way that makes sense.

No chasing numbers, no last-minute surprises, just up-to-date information and confidence everything is in order.

More than just a set of accounts

Year-end accounts are not just about meeting a deadline. They are your opportunity to understand how your business is really performing and what to do next.

We take the time to go through your figures with you, so you are not just receiving accounts, you are gaining clarity.

That means:

understanding your profit properly
knowing what tax is coming
spotting opportunities to improve
and making better decisions going forward

Everything taken care of in one place

From preparing your accounts through to submitting them to Companies House and HMRC, everything is completed accurately and on time.

We also look beyond the numbers, helping you plan ahead so there are no surprises.

Our service includes:

Preparation of year-end accounts
Corporation tax returns
Submission to Companies House and HMRC
Review and explanation of your figures
Ongoing support when you need it

Clear, straightforward process

We keep things simple and easy to follow.

We gather your records or access your software
We prepare your accounts and tax position
We review everything with you
We file your accounts and returns

No confusion, no unnecessary complexity, just a clear process from start to finish.

Built around you

Every business is different.

Whether you keep detailed records or need more support, we tailor the service to suit how you work.

You will always have someone to speak to who understands your business and can help when needed.

Plan ahead, not just look back

Good accounts are not just about the past.

We help you use your figures to:

plan for the year ahead
manage your tax position
make informed business decisions

So you are not just staying compliant, you are staying in control.

Get started

If you would like your year-end accounts prepared properly, with clear advice and no surprises, we are here to help.

�� Get in touch to get started

Tax Returns

Wed, 18 Mar 2026 14:43:20 GMT

Tax returns for business owners, landlords and individuals

Know where you stand with your tax, with everything prepared and explained in a way that makes sense.

No confusion, no missed deadlines, just clear figures and confidence everything is correct and submitted on time.

More than just filing a return

A tax return is not just about sending numbers to HMRC. It is about understanding your position and making sure you are not paying more tax than you need to.

We take the time to review your situation properly, so you are not just filing a return, you are getting clarity and peace of mind.

That means:

knowing exactly what you owe
understanding how your tax is calculated
making use of available allowances and reliefs
avoiding mistakes that could lead to penalties

Everything taken care of in one place

From gathering your information through to submitting your return to HMRC, everything is completed accurately and on time.

We also look at ways to improve your position, so there are no surprises and no missed opportunities.

Our service includes:

Preparation of Self Assessment tax returns
Review of income from all sources
Advice on allowable expenses and reliefs
Calculation of your tax liability
Submission to HMRC
Support with any HMRC queries

Simple, straightforward process

We keep things clear and easy to follow.

You send us your information, or we access your records
We prepare your tax return and calculate your position
We talk you through the figures
We submit your return to HMRC

No stress, no confusion, just a smooth process from start to finish.

Tailored to your situation

Every client is different.

Whether you are self-employed, a landlord, a company director or have multiple sources of income, we tailor the return to your circumstances.

You will always have someone to speak to who understands your position and can guide you when needed.

Plan ahead, not just report the past

Your tax return is not just about what has happened. It is a chance to plan ahead.

We help you:

understand what is coming next
manage future tax liabilities
make better decisions going forward

So you are not just meeting deadlines, you are staying in control.

Get started

If you want your tax return prepared properly, with clear advice and no surprises, we are here to help.

�� Get in touch to get started

Making Tax Digital

Tue, 17 Mar 2026 15:17:21 GMT

Making Tax Digital, made simple

Stay on top of your tax without the stress, with clear systems and support that work for you.

No confusion, no last-minute rush, just everything kept up to date and submitted correctly, with confidence you are doing things the right way.

Download our FREE MTD Guide

Visit our MTD Tax School

Making Tax Digital is one of the biggest changes to the tax system, and many people are unsure what it means for them or what to do next.

That’s why we created our MTD Tax School.

Clear, practical lessons explaining who it applies to, how it works, and how to stay compliant without the stress.

�� Visit the MTD Tax School:

www.taxstore.com/mtd-school

What MTD means for you

Making Tax Digital changes how you keep records and report your income to HMRC.

Instead of one return each year, you will need to keep digital records and submit updates throughout the year.

It can feel like a big change, but with the right setup and support, it becomes straightforward and manageable.

Choose the level of support that suits you

Everyone works differently, so we offer three ways to manage your MTD requirements through TaxStore.

Do it yourself

Keep control of your own records using spreadsheets or software, with the tools and guidance you need to stay compliant.

�� Best if you are comfortable managing your own records but want a simple, compliant setup.

→ Explore MTD DIY tools

Review and Submit

Manage your records your way, with expert review and submission of your quarterly updates to make sure everything is correct.

�� Best if you want reassurance and support without giving everything away.

→ Get MTD support

Fully Managed

We take care of everything, from bookkeeping through to submissions, so you do not have to worry about MTD at all.

�� Best if you want everything handled for you with complete peace of mind.

→ Let us handle it

Everything taken care of in one place

Whichever option you choose, we make sure everything runs smoothly and nothing is missed.

Our MTD services include:

MTD registration with HMRC
Setup of compliant systems or spreadsheets
Quarterly updates and submissions
Ongoing support and advice

A clear, straightforward process

We keep things simple from the start.

We review your current setup
We recommend the right option for you
We get everything set up
We support you going forward

No complicated systems, no unnecessary jargon, just a clear way forward.

Stay in control throughout the year

MTD is not just about compliance. It is an opportunity to stay organised and understand your position as you go.

With the right setup, you will:

know how your income is performing
avoid surprises at the end of the year
be better prepared for your tax bill

So you are not just meeting requirements, you are staying in control.

Get started

If you are not sure which option is right for you, we can help you choose the best approach.

�� Speak to us to get started

Capital Gains Tax

Mon, 16 Mar 2026 15:21:55 GMT

Capital Gains Tax

Understand your Capital Gains Tax position clearly, with everything calculated and explained in a way that makes sense.

No guesswork, no missed deadlines, just confidence everything is correct and submitted on time.

Selling or disposing of an asset

Capital Gains Tax applies when you sell or dispose of an asset such as property, shares or other investments.

The rules can be complex, and small mistakes can lead to paying too much tax or facing penalties.

We make sure everything is calculated properly, so you know exactly where you stand and what you owe.

Property sales and the 60-day deadline

If you sell a UK residential property, you may need to report and pay Capital Gains Tax within 60 days of completion.

⚠️ This is one of the most commonly missed deadlines.

We make sure:

your gain is calculated correctly
all available reliefs are applied
your return is submitted on time

So there are no surprises and no unnecessary penalties.

Everything taken care of in one place

From calculating your gain through to submitting your return, we make the process simple and straightforward.

Our service includes:

Capital Gains Tax calculations
UK property CGT returns (60-day reporting)
Advice on available reliefs and exemptions
Review of your tax position before disposal
Submission to HMRC
Ongoing support if needed

Plan ahead, not just report the gain

Capital Gains Tax is not just about reporting what has already happened.

With the right advice, you can:

reduce your tax liability
make use of available allowances
plan disposals more efficiently

We help you think ahead, so you are not just reacting after the event.

A clear, straightforward process

We keep things simple from the start.

You provide details of the disposal
We calculate your gain and tax position
We explain the figures clearly
We submit your return to HMRC

No confusion, no unnecessary complexity, just a clear process from start to finish.

Get started

If you need help with Capital Gains Tax, including property disposals and 60-day returns, we are here to help.

�� Get in touch to get started

Bookkeeping

Sun, 01 Mar 2026 09:26:39 GMT

Stay on top of your numbers without the stress

Keep your records up to date, organised and accurate, without it taking over your time.

No falling behind, no last-minute catch-ups. Just clear, reliable information you can use to run your business properly.

More than just data entry

Good bookkeeping is not just about recording transactions.

It is about:

knowing where your business stands
keeping everything up to date
making sure nothing is missed

So when you look at your numbers, they actually mean something.

Free up your time

Bookkeeping can quickly become a distraction.

Instead of spending evenings or weekends trying to stay on top of it, we take care of everything for you.

That means you can focus on running and growing your business, not chasing paperwork.

Always up to date

When your bookkeeping is done properly and regularly, there are no surprises.

You always know:

how your business is performing
what your cash flow looks like
what is coming up next

So you can make decisions with confidence, not guesswork.

Built around how you work

Every business is different.

We can:

manage everything for you
support you alongside your own bookkeeping
or help you move to a more efficient system

Whether you prefer cloud software, paper records, or something in between, we work around you.

Software that works for you

We use modern cloud systems such as Xero and other bookkeeping tools, helping you keep everything organised and accessible.

We can also guide you on the best setup for your business, so your bookkeeping is simple and efficient from the start.

No stress, no backlog, no confusion

With the right bookkeeping in place:

everything is recorded properly
deadlines are met
your records are always ready when needed

So you stay compliant and in control without the stress.

A simple, practical approach

We keep things straightforward:

We understand how your business operates
We set up a system that works for you
We keep everything up to date
We support you as your business grows

No overcomplication, just bookkeeping done properly.

Get started

If you would like help with your bookkeeping, or want to improve how your current system works, we are here to help.

�� Get in touch to get started

Wealth Management

Sun, 01 Mar 2026 08:58:21 GMT

Wealth Management in Weston-super-Mare

Hillmans Chartered Accountants in Weston-super-Mare can help you organise and manage your personal and business finances in a tax-efficient way, giving you greater clarity and control over your long-term financial position.

Our approach focuses on helping you make informed decisions, structure your affairs efficiently, and plan ahead with confidence.

How we can help

We can support you with:

Personal tax planning strategies
Tax-efficient extraction of profits from your business
Remuneration planning for directors and employees
Tax-efficient savings and investment structures
Retirement planning from a tax perspective
Capital gains and inheritance tax planning
Business exit and succession planning

We take a joined-up view of your finances, ensuring your business and personal affairs work together as efficiently as possible.

Working alongside financial advisers

While we are not authorised to provide independent financial advice, we regularly work alongside trusted independent financial advisers (IFAs) and other professionals.

This allows us to:

Ensure any financial advice you receive is aligned with your tax position
Provide tax analysis and projections to support decision-making
Help structure investments and income in a tax-efficient way
Act as a central point of coordination between advisers

If you already have a financial adviser, we’re happy to work with them. If not, we can introduce you to trusted professionals where appropriate.

A practical, joined-up approach

We focus on practical planning rather than theory.

That means:

Clear advice
Forward planning
No unnecessary complexity

Our aim is to help you understand your options and put the right structure in place for both now and the future.

Who this is for

This service is particularly suited to:

Business owners looking to extract profits tax-efficiently
Individuals with growing personal wealth
Clients approaching retirement
Those planning for succession or a future business sale
Individuals looking to organise their finances more effectively

Get in touch

If you would like to discuss your situation, we would be happy to help.

�� Please get in touch to arrange a FREE initial consultation.

Tax Enquiry Service

Sun, 22 Feb 2026 13:17:26 GMT

Tax investigations are on the increase with individuals and companies alike being targeted and under more scrutiny than ever.

Investigations are stressful, time-consuming and costly for the party involved. As your Accountant we want to protect you where possible which is why we offer a Tax Enquiry Fee Protection Service which covers you against the cost of professional fees associated with a tax investigation.

Click Here to find out about this service and how it can protect you.

What does the Tax Enquiry Fee Protection Service include?

As your Accountant, we are insured in respect of fees up to £100,000 incurred representing you in the event of any compliance check, visit or investigation started by HMRC regarding compliance with:

Corporation Tax
Self-Assessment
National Insurance
VAT
Income Tax
Self-Assessment
Construction Industry Scheme
National Minimum Wage
PAYE and P11D
IR35
Gift Aid legislation and regulations
Capital Gains Tax
Inheritance Tax
Stamp Duty (including Land Tax)
R&D
COP 8 (up to £15k of cover)
Appeals to Tax & VAT Tribunals

Where applicable this service extends to include Directors/Partners/Company Secretaries and their spouses subject to gross rental income being less than £50k and/or no self-employment income on your self-assessment tax return, otherwise an additional Sole Trader fee will be due.

What is excluded?

Fraud
Criminal Prosecutions
Tax Avoidance Schemes
Deliberate Omissions
Tax, fines, penalties & interest due
Enquiries commencing outside of the period of service

Making a claim

In the event of any correspondence or communication from HMRC relating to a potential enquiry or dispute, please speak to your accountant straight away and get immediate professional advice. Your accountant will make a claim against their Policy and credit the proceeds against your liability for fees. You could be liable for fees not covered by the Policy.

Support for your business

EMPLOYMENT LAW ADVICE LINE - Call the team for help with any issue or question you have relating to managing your employees.
HEALTH & SAFETY ADVICE LINE - Call us for advice on any aspect of managing your Health & Safety obligations within your workplace.
COMMERCIAL LEGAL ADVICE LINE - Call our experienced solicitors for dedicated advice on all aspects of company law.

My Business Hub

Once you are protected, you will have access to register for My Business hub via a QR code on your confirmation of service.

Legal

Our insurance is arranged through Croner Limited | 0344 892 2473

Registered Office: The Peninsula, Victoria Place, Manchester, M4 4FB, United Kingdom (registration no.10878116) | VAT Registration no. 382 2865 74

Croner is authorised and regulated by the Financial Conduct Authority for the sale of non-investment insurance contracts, Financial Services Register no. 951415

Get Protected Now

�� Click here to order this service: https://hillmans.croneri.co.uk/

Independent Reporting

Wed, 18 Feb 2026 16:40:41 GMT

Independent Reporting & Verification

We provide independent reporting and verification for clubs, societies and funded organisations.

What is a Reporting Accountant?

A reporting accountant provides an independent review or verification of financial information, typically where a third party requires confirmation of how funds have been used.

This is not an audit. Instead, we carry out specific procedures agreed in advance and provide a report based on those findings.

Who this is for

This service is commonly required by:

Clubs and societies
Community organisations
Charities and not-for-profits
Grant-funded projects
Businesses asked to provide independent financial verification

If you’ve been asked to provide a report by a funder, governing body or third party, we can help.

What we can do

We can act as an independent reporting accountant to:

Review financial records against agreed criteria
Verify income and expenditure
Confirm how funding or grants have been used
Carry out agreed-upon procedures
Provide a formal report for submission

Each engagement is tailored to the specific requirements set by the organisation requesting the report.

How it works

You send us the reporting requirements
We agree the scope of work with you
We carry out the agreed procedures
We provide your report for submission

Clear, straightforward, and completed on time.

Simple, fixed pricing

Our reporting accountant services are priced based on the scope of work and the requirements of the organisation requesting the report.

Once we’ve reviewed what’s needed, we’ll provide a clear fixed fee in advance so you know exactly where you stand.

Important to know

This service is not an audit or full assurance engagement.

Our report is based on specific procedures agreed in advance and is designed to meet the requirements of the organisation requesting the report.

Why choose Hillmans?

Not all accountants are able to provide independent reporting services.

As a firm of Chartered Accountants regulated by the ICAEW, we are qualified to carry out independent reporting and agreed-upon procedures, providing the level of assurance often required by funders, governing bodies and third parties.

This means you can be confident that your report will meet the necessary requirements.

Working to a deadline?

Many reporting requirements come with tight deadlines.

If you’ve been asked to provide a report by a specific date, let us know and we’ll confirm whether we can meet your timeframe.

Need help with a reporting requirement?

If you’ve been asked to provide a report or independent verification, feel free to get in touch and we’ll guide you through what’s needed.

R&D Tax Credits

Tue, 10 Feb 2026 15:09:00 GMT

Research & Development (R&D) Tax Credits

If your business is investing time and money into developing new products, improving processes, overcoming technical challenges, or creating innovative solutions, you could be entitled to claim valuable R&D tax relief.

At Hillmans, we work alongside trusted specialist R&D tax advisers who focus exclusively on Research & Development claims. Together, we help businesses identify qualifying projects and prepare robust claims designed to meet HMRC requirements.

What are R&D tax credits?

R&D tax relief is a government-backed incentive designed to reward UK businesses that invest in innovation and problem solving.

Depending on your circumstances, a successful claim could reduce your Corporation Tax bill or result in a cash repayment from HMRC. For many businesses, this can provide valuable funds to reinvest back into growth, staff, equipment or future development projects.

Many businesses wrongly assume R&D only applies to laboratories or large technology companies, but qualifying work can take place across a wide range of industries including:

Manufacturing
Engineering
Construction
Software development
Food production
Automotive
Agriculture
Design and production
Technical services

If your business has attempted to improve products, systems or processes by overcoming technical uncertainty, you may qualify.

How we help

While Hillmans does not prepare R&D claims directly in-house, we work closely with experienced R&D specialists who understand both the technical and tax aspects of the process.

This allows you to benefit from:

A professional review of your potential claim
Guidance on qualifying activities and costs
Support gathering the required information
Preparation of technical reports and calculations
Claims submitted in line with current HMRC requirements
Ongoing support if HMRC raises any queries

We remain involved throughout the process to help ensure everything runs smoothly alongside your existing accounts and corporation tax affairs.

What costs can qualify?

Depending on the nature of the project, qualifying expenditure may include:

Staff costs
Subcontractor costs
Software used in development
Consumable materials
Utilities directly linked to R&D activity
Prototype development costs

Each claim is different, and eligibility depends on the specific circumstances of your business and projects undertaken.

Important changes to R&D claims

HMRC has increased scrutiny around R&D tax claims in recent years, making it more important than ever that claims are properly prepared and fully supported.

Working with experienced specialists helps ensure claims are accurate, evidence-based and compliant with the latest HMRC guidance.

Speak to our team

If you think your business may qualify for R&D tax relief, we can arrange an initial discussion to explore your circumstances and introduce you to one of our specialist R&D partners.

Our aim is to make the process straightforward while helping you understand whether a claim may be worthwhile for your business.

Please contact us if you would like any advice relating to making an R&D claim.