FHP Accounting Services Limited

FHP Accounting Services Limited We are an Accountancy practice specialising in Commercial and Residential Property Accounting. DM for enquiries.

The administration of running a property is sometimes a burden, we take care of everything so you can focus on what you do best. If you need help or advise with;

• Property capital gains
• Residential or commercial service charge accounts
• VAT
• Annual Accounts
• Payroll
• Tax returns

We can help! We also offer bespoke services for property owners and managers, as we know not every requirement is the same.

HMRC enquiries are more common than many business owners realise, and they do not only happen when something has gone wr...
22/06/2026

HMRC enquiries are more common than many business owners realise, and they do not only happen when something has gone wrong. ⚖️📩

Routine compliance checks, random enquiries and targeted investigations into areas like property income or self-employment can all happen without warning. 🧾🔍

Knowing what to expect and how to respond can make a big difference to how the process unfolds. ✅

A few things worth understanding about HMRC enquiries:

1. HMRC can open a standard enquiry into your tax return within the usual enquiry window, but this can extend if they suspect an error or omission ⏳

2. You are entitled to professional representation, so you do not have to deal with HMRC directly yourself 🤝

3. Clear and well-organised records are one of the best ways to protect yourself, as most enquiries come down to evidence 📁

4. Prompt and accurate replies can help the process move more smoothly, while delays or incomplete responses may prolong matters 📬

5. Voluntary disclosure of errors before HMRC identifies them is usually treated more favourably than errors found during an investigation 📋

The best time to prepare for an HMRC enquiry is long before one arrives.

That means keeping your records accurate, your returns thorough and your accounting up to date throughout the year. 📊

If you would like support with tax compliance or have received an HMRC enquiry, speak to FHP Accounting.

🌐 https://fhpaccounting.co.uk/company-tax-returns/

Property tax in the UK is not always straightforward, especially if you have overseas assets, multiple properties or a m...
19/06/2026

Property tax in the UK is not always straightforward, especially if you have overseas assets, multiple properties or a more complex ownership structure. 🏡💷

Many property owners may end up paying more tax than necessary because they are not fully aware of the reliefs, rules and planning opportunities that could apply to their situation. 📊

Areas where property tax planning can make a real difference include:

• Principal Private Residence relief when selling a home 🏠
• Stamp Duty Land Tax considerations on second homes and buy-to-let purchases 🧾
• Whether property should be held personally or through a limited company 🏢
• UK reporting requirements for overseas property income 🌍
• Planning around transfers between spouses or civil partners 💡

The way you own, manage and sell property can have a long-term impact on your overall tax position. Getting advice before making key decisions is often much easier than trying to fix issues later. ✅

For specialist property tax guidance, speak to FHP Accounting today. 📩

🌐 https://fhpaccounting.co.uk/property-tax-accountants/
📧 [email protected]

Small businesses still dominate the UK economy, which makes reliable accounting support more important than ever. 📈💼The ...
17/06/2026

Small businesses still dominate the UK economy, which makes reliable accounting support more important than ever. 📈💼

The latest Business Population Estimates show there were 5.7 million private sector businesses in the UK at the start of 2025. Of those, 5.64 million were small businesses with 0 to 49 employees, while 38,435 were medium-sized and 8,335 were large. 📊

The overall private sector business population was also up 3.5%, an increase of 191,000 businesses compared with 2024.

For startups, growing companies and owner-managed businesses, strong financial systems can make reporting and decision-making much easier. 🧾

The right accounting support can help with:

1. Bookkeeping
2. Payroll
3. Statutory accounts
4. Tax returns
5. VAT records
6. Outsourced finance support

FHP Accounting supports businesses with practical finance services that can help improve visibility, reduce admin pressure and support the next stage of growth. ✅

🌐 https://fhpaccounting.co.uk/

If you manage a commercial property or work within property management, service charge accounting is one of the most com...
15/06/2026

If you manage a commercial property or work within property management, service charge accounting is one of the most compliance-heavy areas you will deal with. 🏗️📊

It is also one of the areas that can be easily mishandled if records, funds and reporting are not kept clear from the start. ⚠️

Service charge accounting is not just about recording figures. It is about keeping information transparent, accurate and in line with the lease.

Common issues that can catch property managers out include:

• Failing to keep service charge funds separate from general business funds 🏦
• Not producing clear year-end service charge accounts 📄
• Incorrectly apportioning costs across tenants or units 🧾
• Missing key deadlines for demands or reconciliation statements 📅
• Applying VAT incorrectly to service charge items 💷

Tenants may challenge service charge accounts that are not properly prepared, and disputes can be time-consuming for everyone involved.

Getting the accounting right from the outset helps protect managing agents, landlords and tenants. ✅

For support with commercial property service charge accounting, contact FHP Accounting today. 📩

🌐 https://fhpaccounting.co.uk/service-charge-accounting/

There comes a point in many growing businesses where the finance function starts taking up more time, resource and heads...
12/06/2026

There comes a point in many growing businesses where the finance function starts taking up more time, resource and headspace than it should. 📈💷

Hiring a full-time Finance Director or building an in-house finance team may feel like the obvious next step, but for many businesses, it is not always the right move yet in terms of cost or scale.

That is where an outsourced finance department can make a real difference. ✅

It can support your business with:

• Day-to-day bookkeeping and transaction processing 📚
• Monthly or quarterly management accounts 📊
• Cash flow monitoring and forecasting 💷
• Budgeting and financial planning support 📈
• VAT returns, payroll and year-end preparation 🧾
• Support with suppliers, customers and financial admin 🤝

For businesses at a growth stage, outsourced finance support can provide better oversight without the full-time cost of recruiting and managing an internal team.

It means your numbers are better organised, decisions are more informed and the business is in a stronger position to scale. 🚀

To find out more about outsourced finance support, contact FHP Accounting today. 📩

🌐 https://fhpaccounting.co.uk/outsourced-finance-department/
📧 [email protected]

As we navigate through the current financial year, I’ve noticed a lot of conversations in the business community about t...
10/06/2026

As we navigate through the current financial year, I’ve noticed a lot of conversations in the business community about the "new normal" for Corporation Tax. 💼

Since the rates shifted from a flat 19% to a tiered system of 19% and 25%, the complexity for UK SMEs has increased significantly. 📊

One area that often catches directors off guard is the "Marginal Relief" band. If your company’s profits fall between £50,000 and £250,000, you aren't just paying a simple rate; you’re in a sliding scale where the effective tax rate on those "in-between" profits can actually feel quite steep. ⚠️

It is no longer a case of just "doing the books" at the end of the year; it’s about understanding how your profit levels impact your actual tax liability in real-time. 🧾

With HMRC also focusing more on R&D tax credit compliance and stricter reporting standards, the "set and forget" approach to company tax returns is becoming a risky strategy. 🔍

Taking the time to review your profit extraction and ensuring your returns are technically robust isn't just about staying compliant—it’s about making sure you aren't overpaying simply because the math has become more "creative" on the government's end. ✅

I always tell my clients that a well-prepared tax return is the final chapter of a year’s worth of good decision-making. 📘

You can read more about how we approach these filings here: https://fhpaccounting.co.uk/company-tax-returns/

Cash flow and profit are not the same thing, and confusing the two is one of the most common financial mistakes business...
08/06/2026

Cash flow and profit are not the same thing, and confusing the two is one of the most common financial mistakes business owners make. 📊💷

Profit is what is left after your costs are deducted from your revenue. Cash flow is the money actually available in your bank account when you need it. 🏦

A business can look profitable on paper and still struggle to pay suppliers, meet payroll or cover unexpected costs if money coming in and going out does not line up. ⚠️

Common reasons this happens include:

• Customers paying late while supplier invoices are due on time 📩
• Holding too much stock that has been paid for but not yet sold 📦
• Taking on large contracts with upfront costs before payment arrives 🧾
• Loan repayments or tax bills landing during a quiet trading period 📅
• Rapid growth requiring spending before income catches up 📈

Understanding your cash flow on a rolling basis, not just at year-end, gives you better visibility and helps you plan with more confidence. ✅

If you would like support with bookkeeping and financial visibility, reach out to FHP Accounting today. 📩

🌐 https://fhpaccounting.co.uk/xero-bookkeeping/
📧 [email protected]

If you are a director of a Residential Management Company, your accounting responsibilities can be more involved than ma...
05/06/2026

If you are a director of a Residential Management Company, your accounting responsibilities can be more involved than many people expect. 🏠📊

An RMC is often formed when leaseholders take over the management of their building, and with that comes the need to manage finances clearly, accurately and in the best interests of residents. ✅

Key areas RMC directors should keep on top of include:

• Service charge records and reporting 🧾
• Separate handling of service charge funds 🏦
• Year-end service charge accounts 📄
• Reserve fund planning for future repairs 🛠️
• Ground rent and service charge documentation 📂
• Clear financial records for directors and leaseholders 📊

Many RMC directors are volunteers who live in the building themselves, which makes the right professional support even more valuable. Getting the accounting right helps protect directors, residents and the wider management of the building. 🏢

For specialist RMC accounting support, contact FHP Accounting today. 📩

🌐 https://fhpaccounting.co.uk/residential-property-management-accounting/
📧 [email protected]

Good landlord accounting starts with good records. 🏡🧾Rental income, property expenses and supporting documents all need ...
03/06/2026

Good landlord accounting starts with good records. 🏡🧾

Rental income, property expenses and supporting documents all need to be tracked properly if you want to stay organised and reduce stress when tax deadlines come around. 📊

Waiting until year end can make things harder, especially if receipts, invoices or rent records are missing. Keeping everything up to date through the year gives you clearer numbers and fewer surprises. ✅

Good records can help landlords with:

1. Tracking rental income
2. Recording property expenses
3. Keeping receipts and invoices organised
4. Reducing year-end guesswork
5. Improving tax preparation
6. Managing property finances more confidently

Digital record keeping and the right software can also make income and expenses easier to manage, especially as your property responsibilities grow. 💻

FHP Accounting supports landlords with practical accounting, tax and record keeping guidance, helping you stay more organised and compliant. 🔑

🌐 https://fhpaccounting.co.uk/

Self Assessment catches a lot of people off guard, and not just first-timers. 🧾⚠️Even those who have filed for years can...
01/06/2026

Self Assessment catches a lot of people off guard, and not just first-timers. 🧾⚠️

Even those who have filed for years can find themselves underprepared, missing key details or rushing at the last minute because the deadline arrived faster than expected. ⏳

You may need to complete a Self Assessment tax return if:

• You are self-employed or a sole trader with income over £1,000 💷
• You are a partner in a business partnership 🤝
• You receive rental income from property 🏠
• You have untaxed income from savings, investments, dividends or overseas income 📊
• You need to report Capital Gains Tax 📈
• You need to pay the High Income Child Benefit Charge through Self Assessment 👨‍👩‍👧

Filing on time helps avoid penalties, but filing accurately is what really matters. Errors, omissions or missing information can create unnecessary stress and may lead to further HMRC questions. 📄

If you are unsure whether you need to file or want help preparing your return, contact FHP Accounting today. 📩

🌐 https://fhpaccounting.co.uk/personal-tax-returns/
📧 [email protected]

Address

10 Oxford Street
Nottingham
NG15BG

Opening Hours

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

Website

Alerts

Be the first to know and let us send you an email when FHP Accounting Services Limited posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share

Category