RiverView Portfolio Ltd

RiverView Portfolio Ltd Chartered Management Accountants that work in partnership with our clients to help drive business. You are important to us.

Your accountant should offer you more than just a “number crunching” service. If we were instructed as your accountants, you would have direct access to our qualified professionals by telephone, email and occasional meetings so that we can advise you on financial or business management issues. When you instruct us as your accountants, the senior accountant that you meet and develop a working relat

ionship with will remain as your accountant – your account will not be passed down to junior staff. With the obvious exception of the apprentices, all our staff are qualified professionals. Our bookkeepers are AAT (or equivalent) qualified and qualified IPP staff run our payroll bureau. Your accountants will be qualified CIMA accountants, which is the only accountancy qualification that has been specifically designed for accountants working in industry. As well as the compilation of accounts and the preparation of your tax returns, we will be there to help you identify and prepare for the many business opportunities and threats that arise during the life of every business. The fees that we will charge are agreed with you annually in advance and are fixed fees – this means that you have complete certainty over your costs and will never receive a surprise invoice. To spread the payment of our fees, we will arrange for our annual fees to be paid by standing order over twelve equal monthly instalments so that you are not burdened by larger one-off payments

Starting a business? Make sure the setup is right before things get messy.It is easy to focus on the exciting parts firs...
05/06/2026

Starting a business? Make sure the setup is right before things get messy.

It is easy to focus on the exciting parts first - the name, the logo, the website, the first customer.

But the structure behind the business matters too.

In our latest blog, we look at the key things new business owners should think about, including:
- sole trader vs limited company
- HMRC registration
- Companies House basics
- VAT thresholds
- payroll
- bookkeeping
- when to speak to an accountant

It is a practical guide for anyone starting a business and wanting to build on proper foundations.

Especially useful if you are setting up in Wiltshire or the surrounding area.

Link in the comments.

HMRC mileage rates have finally changed.From 6 April 2026, the approved rate for cars and vans increased to 55p per mile...
22/05/2026

HMRC mileage rates have finally changed.

From 6 April 2026, the approved rate for cars and vans increased to 55p per mile for the first 10,000 business miles in the tax year.

That is up from 45p, after many years with no movement.

The other rates remain unchanged:

Cars and vans
First 10,000 business miles: 55p
Over 10,000 business miles: 25p

Motorcycles: 24p
Bicycles: 20p

If your business reimburses mileage, now is the time to make sure your expenses process and internal guidance have been updated.

And yes, the boring bit still matters: keep proper mileage records.

The P11D deadline is coming up, and it is worth checking now rather than leaving it until the last minute.If your busine...
20/05/2026

The P11D deadline is coming up, and it is worth checking now rather than leaving it until the last minute.

If your business provides benefits or reimburses expenses to employees or directors, you may need to report them to HMRC by 6th July, 2026.

This can include things like company cars, private medical insurance, beneficial loans, fuel, accommodation and certain expenses.

There is also the P11D(b) to consider, which reports the employer’s Class 1A National Insurance liability. This can still be relevant even where some benefits have been payrolled.

The main risk for many small businesses is not anything unusual or deliberate. It is simply missing ordinary items because they have not been reviewed properly.

We’ve written a full guide covering what employers need to check before the deadline.

Link in the comments.

Late payments are not just annoying. They can quietly put real pressure on a small business.You can have work coming in,...
18/05/2026

Late payments are not just annoying. They can quietly put real pressure on a small business.

You can have work coming in, invoices sent, and profit on paper, but still feel the squeeze if the money does not arrive when expected.

Following the 2026 King’s Speech, proposed late payment reforms could bring stronger protections for smaller suppliers, including tighter payment terms, mandatory late payment interest and more pressure on larger businesses that routinely pay late.

But the key point is this: small businesses should not wait for the rules to change before reviewing their own processes.

Clear payment terms, prompt invoicing, regular debtor checks and better cashflow forecasting all make a difference.

We’ve put together a new blog looking at what the proposed reforms could mean for SMEs, and what business owners should be thinking about now.

Link in the comments.

A few more photos from our Away Day last week 📸It was a brilliant opportunity for the team to step away from the desks, ...
13/05/2026

A few more photos from our Away Day last week 📸

It was a brilliant opportunity for the team to step away from the desks, spend time together properly, and focus on the bigger picture.

There were plenty of useful discussions, team updates, shared ideas and conversations about how we can keep improving the way we support our clients.

A big thank you to everyone who took part and helped make the day such a positive one.

13/05/2026

The UK’s Non-Resident Landlord Scheme ( ) is essential if you own a UK rental property but live abroad for 6 months or more each year.

In plain English, registering for the scheme means:

1. You can receive your rent in full

Without registration, your letting agent (or tenant) usually has to deduct basic-rate tax from your rent before paying you. That means you receive less money each month.

If you register and HMRC approves you, your rent can be paid to you gross, meaning no tax is withheld upfront.

Example:

Monthly rent = £2,000
Without NRLS approval: agent may deduct 20% tax before paying you
With approval: you receive the full £2,000

2. Better cash flow

This is the biggest practical advantage.

Instead of waiting until after your tax return to reclaim overpaid tax, you keep control of the money throughout the year.

That helps with:

• mortgage payments
• maintenance costs
• travel
• investing elsewhere

3. You only pay the actual tax you owe

Rental tax is supposed to be based on your profit, not the full rent collected.

So if you have allowable expenses like:

• mortgage interest (where applicable)
• repairs
• insurance
• letting agent fees
• service charges

…your final tax bill may be much lower than the amount that would otherwise be withheld automatically.

The NRL lets you calculate the real amount via Self-Assessment instead of overpaying during the year.

4. It makes you look compliant to HMRC

Registering shows HMRC that:

• you are declaring your UK rental income properly
• your tax affairs are up to date
• you are operating transparently

That generally reduces problems later.

5. Easier administration with agents and tenants

Once HMRC approves your application, your letting agent gets official confirmation that they can pay you without withholding tax. That simplifies the process for everyone.

6. Important thing to understand

Registering for the NRLS does not mean you avoid UK tax.

It simply changes how the tax is collected:

Without registration: tax is deducted before you receive rent

With registration: you receive the rent first and then report/pay tax through your UK tax return

7. Who normally should register for the ?

Usually anyone who:

• lives abroad long term (longer than six months)
• rents out UK property
• expects their real tax bill to be lower than automatic withholding
• wants better monthly cash flow

Most overseas landlords choose to register for that reason.

You usually apply using HMRC form:

NRL1 (individuals)
NRL2 (companies)
NRL3 (trusts)

We handle the registration for the NRL scheme for you, effectively and efficiently – email us on [email protected]

Last week, the RiverView Portfolio team stepped away from the desks for our annual away day.⛱️For a business like ours, ...
11/05/2026

Last week, the RiverView Portfolio team stepped away from the desks for our annual away day.⛱️

For a business like ours, it is easy for the diary to be filled with client work, deadlines, meetings, tax updates, accounts, planning, and the general pace of day-to-day practice life.

So it matters when the whole team gets the chance to pause, come together properly, and spend time looking at the bigger picture.

The day gave us space to reflect on how we work, how we support our clients, and how we continue developing as a team across RiverView Portfolio and the wider group.

Keep your eyes peeled for more pictures from the day, coming this week 👀

Please note: our office will be closed tomorrow, Thursday 7th May, while the team is out for our Away Day.We’ll be back ...
06/05/2026

Please note: our office will be closed tomorrow, Thursday 7th May, while the team is out for our Away Day.

We’ll be back and responding as normal on Friday.

Thank you for your understanding, and thank you as always for your support.

The free HMRC and Companies House joint online filing service has now closed.For small company directors, this is not ju...
30/04/2026

The free HMRC and Companies House joint online filing service has now closed.

For small company directors, this is not just a minor admin update.

The service closed on 31 March 2026, meaning companies that previously used it to file accounts and Corporation Tax returns together now need to use a different filing route.

For many small companies, this will mean using suitable commercial software or working with an accountant who can file through the correct system.

The risk is that directors only realise this when their next deadline is already close.

That can create problems around:
- accounts preparation
- CT600 submission
- Corporation Tax computations
- Companies House filing
- HMRC deadlines
- record-keeping
- late filing penalties

It is also a useful reminder that filing accounts with Companies House and filing a Company Tax Return with HMRC are separate obligations.

The old joint service made that process feel more joined up, but the responsibility has always remained with the company and its directors.

If you previously handled company filings yourself, it is worth checking your next deadline now and confirming how your next accounts and Corporation Tax return will be submitted.

We have written a full breakdown for small company directors here: (Link in the Top comment!⬇️)

29/04/2026

This is exactly why the right advice matters at the start.

When you’re new to property investing, it can feel like there are a hundred things to think about before you’ve even properly started.

How should you structure things?
What records do you need?
What does HMRC expect?
What happens when you buy your next property?
Are you doing things efficiently, or just copying what someone else told you online?

That’s where proper guidance makes a real difference.

We’re delighted to see this feedback for Shannon and the team, especially from someone just starting their property investment journey.

Property tax can get complicated quickly, but it does not need to feel overwhelming when you have the right support around you.

If you’re starting out, growing your portfolio, or unsure whether your current set-up is still right, it is worth getting advice before small decisions become expensive ones.

📧 [email protected]
☎️ 01249 816810

Address

1 Market Hill
Calne
SN110BT

Opening Hours

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

Telephone

+441249816810

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