Airbnb accountants

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Home / Who we help / Airbnb accountants

Airbnb accountants for South Wales hosts who want a fixed fee

Airbnb accountants are what most hosts ring us about once a second property is let and the payout statements stop matching what they thought they earned.

Your money arrives net of platform fees, your cleaner invoices by the month, and HMRC sees the gross figure the platform reports. We pull it into one set of numbers, agree the fee before we start, and include tax investigation cover free. Every HMRC investigation we have handled, we have won.

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In one lineSupreme Consultants is an AAT registered accountancy practice in Cardiff Bay that looks after Airbnb and short let hosts across South Wales and the wider UK. It handles property bookkeeping, self assessment, VAT and HMRC correspondence on a fixed fee agreed in advance, with tax investigation cover included for every client.

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.
Matthew George · Google review
Airbnb accountants: map of the South Wales towns Supreme Consultants servesMôr HafrenAbertaweSwanseaPort TalbotCaerffiliCaerphillyCaerdyddCardiffY BarriBarryCasnewyddNewportBrysteBristol
AAT Licensed Accountant5.0 on Google from 14 reviewsReply the same working dayFee fixed before we startEnglish, Urdu, Hindi and Farsi spoken

Is your Airbnb income in good hands? Three questions.

Answer with the buttons, no email needed.

Question 1 of 3

Does your accountant reply the same working day?

What you get

Tax investigation cover at no charge

We include it for every client and carry the cost ourselves. Every HMRC investigation we have handled, we have won.

One figure for every platform and booking

Airbnb payouts, direct bookings and cleaning costs come together into one set of numbers. Your return matches what the platforms report.

Welsh rules an outside firm can miss

A retail client came to us still paying full business rates through Covid, because Cardiff Council required an application nobody had mentioned. We recovered £10,000 for him.

What hosts tell us when they first call

Three things we hear most often from people letting property short term.

  • “My payouts arrive after Airbnb takes its cut, so I have no idea what my actual income was.”

    The platform reports the gross figure to HMRC, so a net figure on the return is the first thing that gets queried.

  • “I bought a second flat to let short term and nobody has told me whether it should sit in a company.”

    A year of trading in the wrong structure is harder and more expensive to unpick later.

  • “I sent my accountant the HMRC letter about my rental income nine days ago and heard nothing.”

    HMRC deadlines run whether anyone replies or not, and a late reply narrows what can be argued.

  • What changes once we take it on

    Your bookings, payouts and property costs are reconciled every month rather than every January. You know your fee for the year before we start, and you can ring us about a booking question without an invoice following. When HMRC writes, we answer it.

How a general accountant and we differ on short lets

Plenty of good accountants file property returns well. These are the places hosts tell us the difference shows.

A general accountant filing your return each January

You send a year of statements at once.

Questions during the year may be billed.

Gross and net platform figures get reconciled late.

An HMRC letter is quoted for separately.

With Supreme Consultants

Bookings and payouts reconciled through the year.

Calls, meetings and emails are never charged for.

Your figures match what the platforms report to HMRC.

Tax investigation cover included for every client.

Eight things to check about your Airbnb set-up

If you answer no to two or more, your next return is likely to need work.

  • Do your declared earnings match the gross figure Airbnb reports to HMRC?

    Payouts arrive net of platform fees, so the two figures rarely agree on their own.

  • Do you know whether your lets count as a trade or a property business?

    It decides which pages of your return you use and which costs you can claim.

  • Are cleaning, laundry and welcome pack costs recorded against the right property?

    Costs paid in cash or on a personal card are the ones most often lost.

  • Have you measured your nightly income against the VAT registration threshold?

    Short let income counts towards it and the test rolls forward every month.

  • Do you know what the end of the furnished holiday lettings rules means for you?

    The withdrawal changes how finance costs and gains on your properties are treated.

  • Is each property held personally, jointly or through a company on purpose?

    Ownership sets the tax you pay and how income is split between you.

  • Do you have a figure for the nights you or your family stay?

    Private use has to be apportioned, and HMRC asks for it when it opens a check.

  • If HMRC wrote tomorrow, would somebody answer at no extra cost?

    Our cover is included for every client, so the reply adds nothing to your fee.

What we do for your Airbnb income

One fixed fee covers the work below and the calls in between.

All Who we help
Short let bookkeeping
Payouts, platform fees, direct bookings and property costs reconciled monthly. You see what each property actually earned.
Self assessment returns
Your property pages prepared and filed on time, with the reliefs you are entitled to claimed and the gross figures matched.
VAT on short lets
We watch your rolling turnover, tell you before you cross the threshold, and file the returns once you are registered.
Ownership and profit planning
How the properties are held and how the money reaches you, worked through with figures before you buy the next one.
HMRC letters answered
Send us the letter the day it arrives and we take over the correspondence. The cover is already included.

What happens when an HMRC letter lands on a host

Short let hosts come to us with the envelope already open and a deadline on the page. We answer HMRC directly, and the cover sits with every client rather than being sold as an add-on.

Clients described by type. Names withheld.

Every one wonof the HMRC investigations we have handled
How it was found
Clients forward the letter the day it arrives and we take over the correspondence with HMRC.
What happened
The cover is included free, so dealing with HMRC adds nothing to the fee you agreed.

Reviews from clients

5.0
from 14 verified Google reviews
MMatthew GeorgeGoogle review · 7 months ago
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.
AAsma PatelGoogle review · a year ago
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!
SShazad Khan (Shaz)Google review · 3 years ago
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

Read all 14 on Google

How switching to us works

Four steps, and most of the work sits with us.

  1. Before you join

    A free introductory chat

    Tell us how many properties you let and where things stand. If we cannot genuinely help, we will say so.

  2. Week one

    Fee agreed, handover started

    We complete your ID checks, put the fixed fee in writing, and write to your current accountant for your records. You avoid that conversation.

  3. First month

    Past returns gone through

    We review your previous returns and HMRC records. This is where missed reliefs, payments on account set too high and appealable penalties turn up.

  4. By ninety days

    A plan for paying yourself

    We talk through how the rental income reaches you and how the properties are held, then tidy up the bookkeeping behind it.

Free handoverFree first monthFree move to XeroFree Companies House ID verification

Who we are not right for

We do not take on construction subcontractors working under CIS.

We do not act for charities.

We do not take on businesses already late in an HMRC investigation.

If none of those describe you, run the check and we will tell you where you stand.

Airbnb accountants: questions people ask

How much do Airbnb accountants charge?

We work on a fixed monthly fee agreed in writing before any work starts. It depends on how many properties you let, whether you are VAT registered, how many transactions run through the platforms and how tidy your records are. Calls, meetings and emails are never charged for, so questions during the year cost you nothing.

Can you take over from my current accountant part way through the year?

Yes, and most of it sits with us. We send the professional clearance letter so your current accountant hands the records over directly, get authorised as your agent with HMRC and Companies House, and handle Companies House ID verification where it is needed. Your first month is free and Xero migration is included.

What happens if HMRC writes to me about my rental income?

Forward the letter to us the day it arrives and we take over the correspondence with HMRC. Tax investigation cover is included free for every client, so there is no extra bill for dealing with it. Every HMRC investigation we have handled, we have won. The earlier you bring us in, the more we can change.

Do I have to change my bookkeeping software?

No. We work with what you already use, whether that is a spreadsheet, the platform statements or an existing package. If you want to move to Xero we migrate you free as part of switching. We will tell you honestly whether a change is worth doing for the number of properties you run.

Do I need to register for VAT on Airbnb income?

Short term letting income counts towards the VAT registration threshold, and the test is a rolling twelve months rather than your accounting year. Hosts with several busy properties cross it faster than they expect. We track your turnover month by month and tell you before you reach it, then handle the registration and the returns.

Should I hold my Airbnb property in a limited company?

Sometimes, and sometimes personal ownership works out better. The right answer depends on your mortgage, your other income, how many properties you plan to hold and how long you intend to keep them. We work it through with your actual figures before you decide, rather than applying a rule of thumb.

Three ways to take the next step