minute read
We are delighted to announce our upcoming integration with Hammock, the first landlord accounting software recognised by HMRC and fully compatible with the government's Making Tax Digital (MTD) initiative.
If you are a landlord generating more than £50,000 per year in rental income (reducing to £30,000 from April 2027), HMRC's new MTD requirements will apply to you. Under the current timetable, affected landlords will be required to submit quarterly updates to HMRC, making accurate and efficient record-keeping more important than ever.
Why We've Chosen to Partner with Hammock
Hammock has been designed specifically for landlords and property professionals, making tax compliance simpler and more efficient. Key benefits include:
- Automatic transfer of your income and expenditure data from our property management system into Hammock's bookkeeping platform.
- Trusted by more than 3,000 accountants and over 50% of the UK's Top 100 accountancy firms.
- Recommended by leading accounting software providers, including Sage and QuickBooks.
- Compatible with all property and tenancy types, including short-term lets.
- Enables the submission of quarterly tax updates quickly and easily.
At a time when landlords face an increasing volume of regulation and administrative requirements, we are always pleased to introduce solutions that help simplify compliance and reduce unnecessary paperwork.
If you would like to learn more about Making Tax Digital and how Hammock could help streamline your property accounting, please contact us for further information.
Umit Makwana
Head of Client Accounts
[email protected]
020 7791 7018
