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GuidesBlogAboutContact Start the checkHome / Who we help / Accountants for property managers
Accountants for property managers across South Wales on a fixed fee
Accountants for property managers usually get called when the landlord statements are late and the service charge records no longer match the bank.
You are holding other people’s money, so the records have to stand up. We keep the bookkeeping current, file the VAT and the accounts, and deal with HMRC when a letter arrives. Tax investigation cover is included free for every client.
In one lineSupreme Consultants is an AAT licensed accountancy practice at Titan House in Cardiff Bay. It does bookkeeping, VAT, payroll, year-end accounts and corporation tax for property managers and letting agents across South Wales on a fixed fee agreed in writing before work starts, with tax investigation cover included free.
Check we’re the right fit
A few questions about your business. Mudassir replies the same working day.
Thank you Mud, your help and support with my VAT return is greatly appreciated. Always a prompt response and my difficult VAT return was quickly submitted and resolved. Would definitely recommend.
5.0 on Google from 14 reviewsReply the same working dayFee fixed before we startEnglish, Urdu, Hindi and Farsi spokenIs your property management bookkeeping in good hands? Three questions.
Answer with the buttons and you get a straight read on where you stand.
Question 1 of 3
Does your accountant reply the same working day?
Do you know your fee for the year will not change?
If HMRC wrote tomorrow about your VAT, would your accountant deal with it at no extra cost?
On all three counts you are carrying the risk yourself, and property management moves money too fast for that. Start the check and Mudassir reads your answers and comes back the same working day.
Start the checkYou have part of what you need, and the gap is usually the one that bites when a VAT letter lands. Start the check and we will tell you straight whether it is worth moving.
Start the checkYou are well served and there is no reason to move for the sake of it. Read the guides and keep our number for the day something changes.
Read the guidesWhat you get
HMRC dealt with at no extra cost
If HMRC opens an enquiry into your business, we deal with it and you do not pay us extra. Other firms sell that cover as an add-on for £300 to £1,000 a year. Every HMRC investigation we have handled, we have won.
A bill you can explain, line by line
A client came to us owing HMRC around £20,000 with no idea what for. We went through every line, filed his return early, and that part of the debt was cancelled with the interest written off.
A fee you know before we start
We agree it in writing, and calls, meetings and emails are never charged on top. Ring us when a landlord queries a figure and it costs nothing.
What property managers tell us when they call
These are the three things we hear most from managers and letting agents in Cardiff and Newport.
The landlord wants his statement for the quarter and I am still chasing two contractor invoices.
The statement goes out late and the landlord starts asking where his money has gone.
Our management fees went past the VAT threshold months ago and nobody told me until the return was due.
Late registration means VAT on fees you have already collected, with a penalty behind it.
I rang about a service charge question on Monday and heard back the following week.
The question sat open while rent, deposits and fees kept moving through the account.
What changes once we take it on
Your bookkeeping is brought up to date and kept there each month, with landlord money and your own fees clearly separated in the records. Every VAT, payroll and filing date for the year is mapped. You get an answer the same working day you ask.
How this compares with a general accountant you hear from once a year
Plenty of firms do good work on an annual cycle, and that suits some businesses.
An accountant you hear from once a year
Accounts arrive months after the year end, with the questions saved up until then.
A query about a landlord statement gets answered when they reach it.
The fee follows the time spent, so the invoice turns up after the work.
Investigation cover is sold separately, often £300 to £1,000 a year.
With Supreme Consultants
Bookkeeping kept current each month, so the VAT return is a short job.
A reply the same working day, and if it needs longer we say when.
A fixed fee agreed in writing before we start, with calls never charged.
Tax investigation cover included free, and we deal with HMRC for you.
Eight questions about your current set-up
Answer these honestly and you will see where the gaps are.
Do your landlord statements go out on the date you promised?
Late statements are the first thing a landlord remembers at renewal.
Are management fees and money held for landlords separate in your records?
If they sit in one column, your own income figure is wrong.
Do you know whether your management fees have passed the VAT threshold?
Fees count towards the threshold even when the rent passing through does not.
Is your bookkeeping up to date to the end of last month?
A VAT return built from a shoebox in the last week is where errors come from.
Can you say today how much you hold on behalf of landlords?
You should be able to answer that from the records in a minute.
Has every VAT return gone in on time this year?
Late returns put you on the list for an HMRC check.
Does someone deal with HMRC letters for you?
If the answer is you, an enquiry will take weeks of your time.
Do you know what your accountant will charge you this year?
A fee you cannot predict is a fee that stops you ringing.
What we do for your property management accounts
One fixed fee covers the compliance work a managing agent needs each year.
All Who we help- Bookkeeping kept current
- Records kept up to date in cloud software, with landlord money and your own management fees clearly apart. Free move to Xero if you want to switch.
- VAT returns
- Registration, the right scheme, Making Tax Digital records and the quarterly return. We watch your fee income against the threshold.
- Year-end accounts and corporation tax
- Prepared, filed on time and explained in plain English, so you know what the profit figure is made of.
- Payroll and auto-enrolment
- Payslips, pensions and RTI submissions for your office and site staff.
- HMRC investigation support
- We answer HMRC for you and tax investigation cover is included free for every client.
What happens when HMRC opens an enquiry on one of our clients
Tax investigation cover is included free for every client of the practice. Every HMRC investigation we have handled, we have won.
Clients described by type. Names withheld.
- How it was found
- we take the correspondence, pull the records together and answer HMRC ourselves
- What happened
- the client pays us nothing extra, where other firms sell the same cover as an add-on for £300 to £1,000 a year
Reviews from clients
Thank you Mud, your help and support with my VAT return is greatly appreciated. Always a prompt response and my difficult VAT return was quickly submitted and resolved. Would definitely recommend.
I just want to say a big thank you to Mudassir for all the advice, guidance and help he has provided whilst dealing with my accounts and tax returns. From start to finish the service has been excellent and professional. Unlike other accountancy firms they provide a friendly personalised service, I was very clear on the process and was even provided with additional guidance where needed. Highly recommended!
Friendly, nice 👌 , helpful and great all around
Difficult to describe as there are too many words that can be expressed for a wonderful accountant and their firm.
Definitely 🔝 and highly recommended in Wales 🏴 and throughout the UK for Accountancy and Tax Services
Shaz Khan
How switching to us works
Four steps, and you never have to ring your current accountant.
- Before you join
Your fee agreed in writing
You answer a few questions on the site. Mudassir reads them and replies the same working day, and we agree your fixed fee before any work starts.
- Week one
Records moved across for you
We complete your ID checks and write to your current accountant for your records. HMRC and Companies House authorise us as your agent.
- First month
Old returns checked properly
We go through your past accounts, tax returns and HMRC records. Unclaimed reliefs, payments on account set too high and penalties worth appealing turn up here.
- By ninety days
Every deadline in the diary
We sit down with you on how you pay yourself and on your bookkeeping set-up. You know what is coming up and who to call.
Who we are not right for
We do not act for CIS construction subcontractors.
We do not prepare charity accounts.
We cannot take on a business that is already late in an HMRC investigation.
If you are outside those three, start the check and we will tell you the same working day whether we are a fit.
Accountants for property managers: questions people ask
What do accountants for property managers charge?
We quote a fixed fee in writing before any work starts, based on the number of properties you manage, whether you are VAT registered and how many people you pay. It does not move during the year. Calls, meetings and emails are never charged on top, so you can ring us about a landlord query without watching the clock.
Can I switch accountants part way through the year?
Yes, and you do not have to make the awkward call. We write to your current accountant for your records, complete your ID checks and get authorised as your agent with HMRC and Companies House. The handover and your first month carry no separate charge, and we pick the year up wherever it stands.
What happens if HMRC writes to me about my VAT?
Send it to us the day it arrives. We read it, answer HMRC and handle the correspondence for you, and tax investigation cover is included free for every client. Other firms sell that cover as an add-on for £300 to £1,000 a year. Every HMRC investigation we have handled, we have won.
Do I have to change my software?
No. If your property management system and your bookkeeping already work, we take your data as it comes. If you want to move to Xero we do the migration free. What matters to us is that the records reconcile to the bank each month and that your VAT records meet Making Tax Digital.
Do you only work with property managers in Cardiff?
We are based at Titan House in Cardiff Bay and over 90% of our clients are in South Wales. We act for managers and agents in Newport, Swansea, Caerphilly, Barry and Port Talbot, and over the bridge in Bristol. Work is done remotely, in person at our office, or a mix of both.
Is there any property work you will not take on?
We do not act for CIS construction subcontractors, we do not prepare charity accounts, and we cannot step into a case that is already late in an HMRC investigation. We also do not take one-off Self Assessment returns with nothing ongoing. If that is you, we will say so the same working day.
Three ways to take the next step
Start the check
Answer the questions on this page and Mudassir reads them and replies the same working day with whether we are a fit and what the fixed fee would be.
Start the checkGot a question first?
Ask Mudassir about your VAT position or a landlord statement, and the call costs you nothing.
Ask Mudassir a questionStill deciding
The guides walk through the deadlines, the VAT thresholds and the records HMRC expects you to keep.
Read the guides