Landlords often juggle multiple properties, diverse ownership structures, and fluctuating rental income, making tax compliance a complex and time-consuming task. With Making Tax Digital (MTD) for property income soon to be live, the right MTD-compatible software isn’t just a nice-to-have — it’s essential.
Why Generic Accounting Software Falls Short
Most standard accounting platforms weren’t designed with landlords in mind. They can struggle to:
- Handle joint ownership or multiple profit-sharing arrangements
- Categorise rental income correctly for HMRC
- Integrate tenancy management with accounting
- Automate recurring transactions or reconcile bank feeds
These gaps often leave landlords spending hours on spreadsheets or risking inaccurate MTD submissions.
How RentalBux Bridges the Gap
RentalBux is an all-in-one solution tailored for landlords and sole traders, combining property management and accounting with HMRC-approved MTD compliance. As leading MTD-compatible software, it addresses the unique needs of property owners:
- Pre-built charts of accounts designed for property income and self-employment, ensuring MTD categorisation is correct from day one
- Automated bank feeds and invoicing, saving time and reducing errors in financial reporting
- Joint ownership and profit-sharing management, allowing landlords to handle multiple owners or family members with different share ratios effortlessly
- AI features like auto-categorisation and OCR bill capture, streamlining bookkeeping and freeing landlords from repetitive manual work
- Property management integration, tracking tenants, rent payments, mortgages, and maintenance in one platform
By combining these features, RentalBux ensures that MTD compliance is integrated naturally into daily property management — not a separate, stressful task.
The Benefits of Choosing MTD-Compatible Software
Using professional MTD-compatible software provides more than regulatory compliance. Landlords can:
- Save hours each week on bookkeeping
- Avoid penalties from incorrect submissions
- Easily manage complex ownership scenarios
- Keep property and financial records in one place for clarity and convenience
Conclusion
Making Tax Digital for landlords aiming to simplify compliance while running their property business efficiently, adopting dedicated MTD tools is the smartest choice. RentalBux, as HMRC-approved MTD-compatible software, offers a complete solution from day one.
