Landlords

05 Feb '19
How to split property income tax efficiently
Posted in
- Landlords,
- Self Assessment,
- Tax
Posted by Polly Lee
Quite often we come across landlord clients who are married and their spouse may earn significantly more or significantly less than themselves and would benefit from tax advice on the splitting of their property rental income to optimise their income tax. If this is you, then read on… Property income by default for a married […]

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08 Jan '18
Self Assessment Tax Return How-To Guide by LeeP Accountants Peterborough
Posted in
- Accountants,
- Expenses,
- Landlords,
- Self Assessment,
- Tax,
- Uncategorised
Posted by Polly Lee
Get your records in order Record-keeping is a vital for every self-employed person. You have a range of legal obligations when it comes to record-keeping – but entirely apart from this, the Self Assessment process will be significantly easier if you have the relevant documents easily to hand, and organised in an effective way. The […]

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14 Nov '17
Tips On Managing The Interest Rate Increase
Posted in
- Interest Rates,
- Landlords
Posted by Polly Lee
A recent survey conducted by the MAS revealed that 18% of all home owners with mortgages didn’t realise that an increase in the bank of England interest rate might mean an increase in their mortgage repayments. With the recent 0.25% increase in the Bank of England (BoE) Interest rate coupled with further increases expected, what […]

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05 Sep '17
Want To Earn Up To £1,000 Tax Free? New Government Allowance Issued
Posted in
- Accountants,
- Landlords,
- Self Assessment,
- Tax
Posted by Polly Lee
From April 2017 there were 2 new annual tax allowances for individuals of £1,000 each, one for trading and one for property income. The trading allowance will also apply to certain miscellaneous income from providing assets or services. Where the allowances cover all of an individual’s relevant income (before expenses) then they will no longer […]

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- Tags:
- airbnb
- ebay
31 Aug '17
Airbnb Income – How Will It Impact Me?
Posted in
- Accountants,
- Landlords,
- Pension,
- Self Assessment,
- Tax
Posted by Polly Lee
In general, money you earn from hosting is income and will be subject to tax. However depending on the amount you earn from hosting, it may or may not need to be declared to HM Revenue & Customs. So what’s the current situation? If you’re renting out your entire or even just a room of […]

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- Tags:
- airbnb
30 May '17
I Only Earn A Small Amount Of Rental Income (Inc. Airbnb Income)- Do I Have To Declare It?
Posted in
- Expenses,
- Landlords,
- Self Assessment,
- Tax
Posted by Polly Lee
I have been asked this question many times and the answer is invariably the same – “As a UK resident with any rental income you most certainly do need to declare your rental income”. There is no such thing as a minimal level which HMRC would not be interested in. Whether you have to pay […]

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- Tags:
- accountant
- income tax
- rent a room relief
- Rental income
- self assessment
- Tax
05 Dec '16
Earn £7,500 tax free – Rent a room Relief
Posted in
- financial,
- Landlords,
- Self Assessment,
- Tax
Posted by Polly Lee
If you have a spare room in your home (applies to tenants also) and you don’t mind living with someone who is not family (of course, you can vet them first!) then you could be earning up to £7,500 completely tax free. The government Rent a Room Scheme lets you earn up to a threshold of £7,500 […]

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- Tags:
- lodger
- rent a room relief
- Rental income
- Tax
- tenant

5.0

18:57 29 Jan 20

We cannot speak highly enough of Leep Financial and their services. They are professional, efficient, friendly, approachable and very responsive to enquiries. They always get back to us in no time at all and explain things in a way which is easily understood. They have alleviated all stress which we had previously experienced. We feel supported, comfortable and 100% confident in the knowledge all accounts, payroll and submissions will be achieved on time and complete. We cannot thank them enough for everything they have done for our business, their time, attention and commitment has been and continues to be extremely appreciated.

Andrew Masters

09:47 14 Jan 20

I just wanted to take a moment to write a quick review for Polly Lee and the team at LeeP Accountants. The service level willingly provided and the obvious expertise with which my requirements were dealt with simply endorsed my decision to engage with them. I have known Polly for a while through her activity on the local networking scene but I firmly believe that you can only truly judge on your own experience - which I have to say was first class. The transparent, sensible pricing and prompt, timely attention makes them an excellent choice of accountants for any business. Thank you!

Elizabeth Minnie

20:11 10 Jan 20

Have just had the pleasure of using Leep Accountants for my tax return this year. Truly amazing service! You will not be disappointed. If you are thinking of using this firm of accountants then go for it as their straightforward and 'can do' approach is a breath of fresh air. Thank you!

Kathryn Grace

15:14 04 Dec 19

I have used Polly and her team for the last two years and they are a fantastic team. Polly is always on hand for help, advice and guidance, explaining things in clean, plain english and she always goes above and beyond my expectations. Can't recommend LeeP accountants enough!

GarageBar Limited

17:21 22 Nov 19

Have been using Polly and the team at LeeP now for almost a year and am pleased to report nothing but good experiences. Always on hand when you need them with helpful advice when required. Overall really efficient!

Matt Holmes

17:12 25 Oct 19

Awesome,!!! I should just leave it at that, but need to write more. After going through 3 different accounts I was introduced to LeeP, Polly and the team, they've been a god send!! Fixing things that haven't been done/done properly before, the advice and support I've received has without a doubt been way above and beyond the call of duty and continues as my business grows and develops. So happy to have found an accountancy firm that 1 - Know what they're doing, 2 - Support and care for their customers properly and 3 - Give honest straight, understandable advice. If you need an accountant or are thinking about moving, don't hesitate to contact them.

Danny Mehmet

16:30 07 Oct 19

Met Polly for the first time today after being recommended by other business owners I know, great session and advice given she really knows what she is talking about. I will be using Polly moving forward for my business, highly recommended.

Nicola Swindale

12:02 07 Oct 19

Excellent service at an excellent price. Very rare I have to ask any questions as Polly is so on the ball with everything she gets in there first. Would highly recommend.

Jim lee

15:50 03 Oct 19

Having recently set up a new Limited Company, it was important that I had someone I could go to for clear advice on how I should run the business. Pui has been invaluable in helping me to navigate the complexities of Corporate governance, effective Tax management and even mundane bookkeeping. Still have a lot to learn on Quickbooks, but no longer worried now with the support team I now have behind me. Well done!

Mark Brear

13:43 26 Sep 19

A breathe of fresh air is the only way to explain Polly and her Team. We had problem with our last accountant and Shelly has done everything she can to help us and get things sorted and up to date again. a real example of how to provide customer service.

Morag Brand

09:17 11 Jul 19

First-class, professional service. Polly completed my annual accounts quickly and was always happy to respond to any questions I had. Highly recommended.

Sarah Crown

08:45 04 Jul 19

Polly and LeeP financial are just amazing. They will answer any question not matter how stupid. They are always on hand to help and is are friendly and approachable. They have saved us thousands too! If you don't have an accountant you need to use LeeP financial. If you do have an account then you need to switch. You just cant get better service!

Georgette Louis

16:23 03 Jul 19

I have to say I have never experienced such a slick, easy, fast and simple way of submitting my tax return. All the team - led by Polly Lee are personable and happy to help. The other great benefit is that they explain everything in plain English and dont complicate anything! They simply want to make everything as straightforward for the client as possible and always recommend ideas to support that. To say I would 100% recommend is an understatement! Thank You.

Paul Gilmartin

18:51 12 Jun 19

Outstanding service standards! Very happy indeed with LeeP and can heartily recommend them. Tried to award six stars out of five, but system wouldn't let me ...

Paul Andreff

08:03 12 Jun 19

The service we have received from LeeP has been extremely good, they are always quick to respond to emails and phone calls and nothing is too much trouble. They have recently provided training sessions for QuickBooks and tailored it to meet our individual needs and worked with us one to one. Everyone is very friendly and it is always a pleasure to deal with them.

aidan harrison

14:59 05 Jul 18

An extremely professional service, which is very helpful giving a fresh approach to all financial needs. They are very responsive and will help you understand all matters with ease. Highly recommended to all businesses and sole traders.

Caropal Group Website

11:15 02 Jul 18

Excellent service and excellent Accountants. I am very happy to be a client and have no hesitation in recommending them.

L A W Moore

15:51 08 Jun 18

Super service in plain English, making it easy to understand without all the usual accounting gobbledegook that you can get from other financial companies. I will always use Leep for all my accounting queries in the future. Very helpful team. Great stuff!

Simon Hargreaves

14:52 20 Mar 18

LeeP Financial are like the Charlie's Angels of accountancy; smart, sassy and they always solve the mystery – luckily for me, that's the mystery of my financial arrangements. As a small freelance business, LeeP gave me their full attention and took a weight off my mind. Highly recommended.

Michael Dixon

13:31 23 Jan 18

Polly and her team show a high degree of professionalism and bespoke advice based on the interactions we have had with them since forming a limited company several months ago. We have found them to be very personable and approachable both in person and via email and phone. Their proactive phone calls and emails really help us to stay focused and they are always willing to help and answer questions. We would both highly recommend the Leep team to anyone who is looking for sound financial/accounts advice.

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