Hi - I want to transition my single property, self-catering holiday rental business from a spreadsheet to QF. Income is derived from one source, the agent. Expenses are to the agent (fees, vat etc) plus other suppliers. It seems to me that the “Landlord” setup is overly complicated for this simple setup. Would “Sole Proprietor” with some bespoke accounts tailored to my specific requirements be a better option?
The business is not vat registered. Thanks.
Hello @IGH
The landlord option is a Sole trader setup (nominal structure) with extra codes tailored to landlords. this would be the best method to use.
You could also consult with your accountant for professional tailored advice.
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