Managing rental properties can be time-consuming, especially when tracking rental income, expenses, and compliance requirements. For landlords and property investors, staying on top of finances is crucial to ensuring profitability and meeting tax obligations. That’s where Hammock, a property finance platform explicitly designed for landlords, comes in.
Hammock offers an innovative way to automate bookkeeping, monitor financial performance, and comply with Making Tax Digital (MTD). Here are three key benefits of using Hammock
Automated bookkeeping & real-time tracking
One of the biggest challenges for landlords is keeping track of their income and expenses. Traditionally, this has meant juggling spreadsheets, paper notes, and multiple bank transactions.
- Connects securely via Open Banking.
- Automatically categorises and reconciles income and expenses.
- Sends alerts for missing or late rent payments.
Effortless MTD Compliance
With Making Tax Digital becoming mandatory for landlords, ensuring compliance is more important than ever. Hammock is the first landlord software recognised by HMRC as MTD-compatible, meaning users can easily submit quarterly tax filings directly from the platform.
- Maintains digital tax records aligned with SA105 categories.
- Submits quarterly filings directly to HMRC.
- Provides tax forecasts to avoid unexpected bills.
Comprehensive Property Insights & Compliance
Hammock goes beyond basic accounting by offering powerful investment insights and compliance tracking. Understanding financial performance is crucial for landlords looking to scale their property portfolios.
- Tracks profit/loss, rental yields, and loan-to-value ratios.
- Sends reminders for expiring certificates.
- Works with joint ownerships, partnerships, and limited companies.
How we can help you
We have partnered with Hammock to help landlords streamline their finances. We assist with:
- Setup & Training – Ensuring a smooth transition.
- Accounting Support – Keeping records accurate.
- Tax Compliance – Managing tax filings and financial planning.
We have worked with landlords and property investors for many years. To find out more about how we can help, have a look at our website – Advice for landlords. Or you can give us a call on 01623 490 120 or email