Felix & Co Chartered Certified Accountants

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Our aim is to provide a friendly, efficient service and to put the over 15 years of experience that we have gained in small and large accountancy practices to your benefit.

🏡 Are You Missing Valuable Furnished Holiday Let Tax Benefits?Many UK landlords don't realise that a qualifying Furnishe...
17/06/2026

🏡 Are You Missing Valuable Furnished Holiday Let Tax Benefits?

Many UK landlords don't realise that a qualifying Furnished Holiday Let (FHL) is treated as a business for tax purposes — not just a standard rental property.

That means access to valuable tax advantages, including:

✅ Full mortgage interest relief
✅ Capital allowances on furniture and equipment
✅ Potential 10% Capital Gains Tax through Business Asset Disposal Relief (BADR)
✅ Pension contribution benefits
✅ Potential Inheritance Tax advantages
✅ Flexible income splitting between spouses

However, HMRC has strict qualification rules:

📅 Available to let for at least 210 days per year
📅 Actually let for at least 105 days per year
📅 No excessive long-term occupation periods

Failing these tests could result in losing significant tax benefits.

At Felix & Co. Accountants, we help landlords:

🔹 Maintain FHL compliance
🔹 Maximise allowable tax reliefs
🔹 Plan for VAT and business rates
🔹 Structure property portfolios efficiently

💡 The difference between a standard rental and a qualifying FHL could mean substantial tax savings.

📢 UK Landlords: Is Your Property Portfolio Ready for Making Tax Digital?From 6 April 2026, landlords with gross property...
17/06/2026

📢 UK Landlords: Is Your Property Portfolio Ready for Making Tax Digital?

From 6 April 2026, landlords with gross property income above £50,000 must comply with Making Tax Digital for Income Tax Self Assessment (MTD ITSA).

This isn't just another HMRC update.

It means:

✔ Digital record-keeping
✔ HMRC-approved software
✔ Quarterly submissions
✔ End-of-Period Statements (EOPS)
✔ Final Declarations replacing traditional Self Assessment

⚠️ Common mistakes that could lead to penalties:

❌ Using spreadsheets without a compliant digital link
❌ Mixing personal and rental finances
❌ Recording expenses months later from memory
❌ Ignoring small deductible expenses
❌ Failing to reconcile transactions regularly

The landlords who prepare now will avoid last-minute stress, compliance issues, and costly errors.

At Felix & Co. Accountants, we help landlords:

🔹 Implement compliant digital systems
🔹 Maintain accurate property records
🔹 Prepare for quarterly reporting
🔹 Stay ahead of HMRC requirements

📊 MTD is not coming — it's here.

Get your property records audit-ready before the deadline.

💼 LLC Owners: Are You Paying More Tax Than Necessary in 2026?Many business owners are missing legal strategies that coul...
21/05/2026

💼 LLC Owners: Are You Paying More Tax Than Necessary in 2026?

Many business owners are missing legal strategies that could significantly reduce their tax liability.

With the latest updates under the One, Big, Beautiful Bill Act (OBBBA), LLC tax planning is no longer just about tracking expenses — it’s about structuring your business correctly.

Here are some of the biggest opportunities LLC owners overlook:

✔ S Corporation election strategies
✔ 100% bonus depreciation
✔ Section 199A (QBI) deductions
✔ Home office deductions
✔ Accountable reimbursement plans
✔ Retirement contribution strategies

📊 Example:
A standard LLC earning $140,000 could pay self-employment tax on the full amount.

But with the right S Corp structure:
👉 Part of that income may avoid self-employment taxes legally.

Potential savings? Thousands annually.

⚠️ The IRS is also increasing scrutiny on:
❌ Unrealistically low owner salaries
❌ Weak documentation
❌ Improper deductions
❌ Missing reimbursement records

At Felix & Co. Accountants, we help LLC owners:
🔹 Structure entities efficiently
🔹 Maximize legitimate deductions
🔹 Reduce unnecessary payroll taxes
🔹 Stay compliant under evolving IRS rules

💡 Smart tax planning protects cash flow and long-term profitability.FelixAccountants.com

🚨 Small Business Owners: You Could Be Missing Thousands in Tax DeductionsEvery overlooked deduction is money left on the...
19/05/2026

🚨 Small Business Owners: You Could Be Missing Thousands in Tax Deductions

Every overlooked deduction is money left on the table.

In 2026, updated IRS rules under the One, Big, Beautiful Bill Act (OBBBA) have changed how businesses claim deductions for:

✔ Section 179 equipment purchases
✔ Bonus depreciation
✔ Home office expenses
✔ Mileage & travel
✔ Employee reimbursements
✔ QBI (Qualified Business Income) deductions

Many businesses lose money simply because:
❌ Assets weren’t “placed in service” before year-end
❌ Reimbursements were handled incorrectly
❌ Mileage logs were incomplete
❌ Home office rules weren’t properly applied

💡 Smart tax planning isn’t just bookkeeping — it’s strategy.

At Felix & Co. Accountants, we help businesses:
🔹 Maximise allowable deductions
🔹 Structure expenses correctly
🔹 Reduce unnecessary tax exposure
🔹 Stay compliant with evolving IRS rules

📊 A properly planned deduction strategy can significantly improve your bottom line.

👉 Don’t wait until filing season to discover what you missed. Felixaccountants.com

🚨 Section 21 Is Gone — And HMRC Is Now in the LoopFrom May 2026, “no-fault” evictions are no longer allowed.But here’s w...
03/05/2026

🚨 Section 21 Is Gone — And HMRC Is Now in the Loop

From May 2026, “no-fault” evictions are no longer allowed.
But here’s what many landlords are missing:
👉 To regain possession of your property, you must now be registered on the National Landlord Database
👉 That database is directly linked to HMRC’s Connect system
⚠️ Translation:
If your rental income isn’t fully declared, you may not even have the legal right to evict a tenant.

What this means for landlords:
❌ No more Section 21 evictions
❌ Full visibility of your rental activity
❌ Increased risk of HMRC investigations
The solution?

The Let Property Campaign (LPC) — your chance to fix past tax issues before HMRC steps in.
At Felix & Co. Accountants, we help you:
✔ Disclose undeclared income correctly
✔ Reduce penalties (often to 0%–20%)
✔ Align your records with new 2026 rules
✔ Stay legally compliant and protected
💡 Don’t wait until your possession notice is rejected.

Get compliant. Stay in control. Protect your property rights.
👉 Schedule a call today. Felixaccountants.com

🚨 April 2026 MTD Deadline Is Here — Are You Compliant?The biggest tax shift in years is now active.If you’re a landlord ...
28/04/2026

🚨 April 2026 MTD Deadline Is Here — Are You Compliant?

The biggest tax shift in years is now active.
If you’re a landlord in Reading or across the UK earning over £50,000 in rental income, you must now:
✔ Keep digital records
✔ Submit quarterly updates to HMRC
✔ Ensure full transparency of your rental income

⚠️ But here’s the risk: HMRC now connects data from:
Landlord databases
HMO licensing (Reading)
Rental platforms
Bank records
👉 If your past income wasn’t fully declared, the system will find it.

💡 The good news: The Let Property Campaign (LPC) still allows you to fix past mistakes before HMRC acts.

At Felix & Co. Accountants, we help you:
🔹 Identify undeclared income
🔹 Maximise allowable expenses
🔹 Reduce penalties legally
🔹 Prepare for full MTD compliance
📊 Don’t wait for an automated enquiry.
Get your property portfolio audit-ready today.

👉 Schedule a call now. Felixaccountants.com

16/04/2026

⚠️ Landlords: HMRC Already Knows More Than You Think

From Land Registry data to Airbnb activity, HMRC’s Connect system tracks rental income across the UK.
If you own property in London, Slough, Windsor, Reading, or Oxford and haven’t fully declared
your rental income, you’re at risk of:
❌ Heavy penalties (up to 100%)
❌ Backdated tax bills (up to 20 years)
❌ Full HMRC investigations

💡 The solution? The Let Property Campaign (LPC) — your chance to come forward voluntarily.

But here’s the reality: Doing it yourself can cost you more.
At Felix & Co. Accountants, we help you:
✔ Identify all allowable expenses (reduce your tax bill)
✔ Avoid costly mistakes like misclassifying repairs vs improvements
✔ Position your case to minimise penalties
✔ Handle HMRC communication professionally

📊 Expert-led disclosures often reduce penalties to as low as 0%–20%.
Don’t wait for an HMRC “nudge letter.”
👉 Take control now. Schedule a call with an LPC expert. Felixaccountants.com

🏡 Windsor Landlords: HMRC Is Watching — Are You Compliant?Rental income is no longer “invisible.” In 2026, HMRC’s Connec...
09/04/2026

🏡 Windsor Landlords: HMRC Is Watching — Are You Compliant?

Rental income is no longer “invisible.” In 2026, HMRC’s Connect AI system tracks property ownership, rental income, and even Airbnb activity.

If you own property in Windsor (SL4/SL5) and haven’t declared all your rental income, the Let Property Campaign is your safest route to compliance.

Here’s what you need to know:
✔ 90-day deadline after notification
✔ Declare income above £1,000 annually
✔ Digital reporting now required (MTD 2026)
✔ Penalties can be reduced with the right approach

⚠️ Ignoring this could lead to:
HMRC “nudge letters”
Heavy penalties
Full investigations
At Felix & Co. Accountants, we help you:
🔹 Calculate undeclared rental profits correctly
🔹 Maximise allowable expense deductions
🔹 Reduce penalties legally
🔹 Submit accurate disclosures to HMRC
Don’t wait for HMRC to contact you. Take control now.

👉 Schedule your consultation today.
Felixaccountants.com

⏳ The 90-Day LPC Clock Is Ticking — Are You Ready?Once you notify HMRC to join the Let Property Campaign (LPC), you have...
21/03/2026

⏳ The 90-Day LPC Clock Is Ticking — Are You Ready?

Once you notify HMRC to join the Let Property Campaign (LPC), you have just 90 days to:
✔ Calculate your rental income
✔ Gather documentation
✔ Submit your disclosure
✔ Pay what you owe
Miss the deadline? You risk penalties and a full HMRC investigation.

At Felix & Co. Accountants, we guide you through every step:
🔹 Reconstruct missing financial records
🔹 Calculate tax, interest, and penalties
🔹 Handle HMRC submissions correctly
🔹 Support Time-to-Pay arrangements if needed

📊 Don’t guess your figures — get it right the first time.
Start early. Submit confidently. Stay compliant.
👉 Ready to act? Schedule your consultation today. Felixaccountants.com

For reliable let property tax and accounting support, reach out to us via:Felixaccountants.comAccounts@felixaccountants....
10/02/2026

For reliable let property tax and accounting support, reach out to us via:

Felixaccountants.com

[email protected]

07877284111

Address

West Drayton
UB77TZ

Website

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