So, does financial compliance have to be a burden when you are running an agency?
We don’t think so, which is why we are proud to develop and provide comprehensive tools to not only meet compliance for your agency, but also for your clients without relying on double entry across multiple platforms or mountains of paperwork.
It’s Not The Day-To-Day
We know that RENT+ can handle your day-to-day accounting; rental payments, settling invoices, reconciling accounts, but what about at the end of any financial period when you have to submit your work and hope for results?
Let’s tie all that together and save you time while doing so. FCP MTD, ready to be fully integrated within your RENT+ software, enables you to maintain accurate digital records, generate complaint VAT returns for any date range, and submit directly to HMRC at just a few clicks of a button. And the best part? You’ve already done the hard work.
Due to in-house integration (and yes, this is why we do it this way), there’s no friction. No loading, no waiting, no restriction, just seamless submission with the accounting data that you have already assorted within your 9-5, and maybe more.
You Might Have It, But In The Wrong Toolbox
As much as we would like to, we can’t take all the credit. Making Tax Digital (MTD) is a UK Government initiative that was introduced by HMRC. The goal was to digitize the tax system to make it more efficient, accurate, and easier to navigate. As part of this initiative, businesses are required to hold digital records of their income and expenses and keep them for VAT submission.
This is probably not news to you, as this initiative has been mandatory for businesses within the UK since 2022 and so chances are, you already have “a solution”. That being said, the question was never “Have you got a VAT digital submission software?”, but rather “Have you got the right VAT digital submission software?”
If your accounts data is already in RENT+, then why not send it straight to HMRC from there? Automatically compiled into HMRC compliant documentation and saved within your software for future reporting, all while being accessible from any device making your submission just another day-to-day task.
If FCP MTD sounds like it would help you and your business both stay compliant and take your time back, you’re not alone. Get in contact today and discuss the options with our team. Whether you need to submit for your business or for your clients, with either cash or accrual accounting, we have the solution for you.
MTD Isn’t The Only Post To Pass
We know it isn’t just Making Tax Digital compliance that needs to be met, and it isn’t just yourselves as the Agent that needs to be ticking the boxes. As of April 2026, your landlords with a gross income of £50,000 or more will also need to submit Income Tax Self-Assessment (ITSA) reports to ensure compliance with the latest legislation introduced by HMRC.
What if your clients are not meeting this threshold? They’re not out of the water yet, as this threshold is projected to reduce to just £30,000 in April 2027, and again to £20,000 in April 2028 encapsulating most landlords across the UK.
Added Value With No Additional Work
Changes in legislation and introductions of new procedures like this are what makes our job as competitive software providers within the property sector so interesting. As part of the latest RENT+ update, we introduced a suite of ITSA-focused enhancements to assist you, the Agent, in helping your landlords across the line with this new set of compliance. Before you ask, this is brought to you free of charge as part of your subscription to RENT+ and commitment to us at Focus Micro Systems.
Directly within your software you will find brand new ITSA reporting, additional landlord ITSA information fields, and ITSA alerts within your ToDoToday screen highlighting landlord who require your attention. So, why wait for the problem? Log on today and see how easy it really is to put your clients mind at ease as we approach this new level of self-assessment submission.
You’re Not Alone, And Neither Are Your Clients
If you have questions on the brand new ITSA features available, the complexities of this new legislation, or just need to throw some ideas around, get in contact with us today. Our team are at the helm and ready to discuss the impact of ITSA and how RENT+ can assist you in reinforcing the trust between you and your clients.
Following the overwhelming attendance and engagement of our last webinar, we will also be re-hosting our “ITSA Made Simple With RENT+” webinar showcasing those brand-new ITSA features within RENT+ and answering your questions alongside other agents in the same boat as you.
Invites will be sent directly to all users of the RENT+ software, but if you would like to guarantee your seat at this webinar, get in contact with us today. Limited spaces are available!
