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For landlords, staying compliant with HMRC’s Making Tax Digital (MTD) requirements is essential, but compliance alone isn’t enough. Many landlords mistakenly assume that any MTD-compatible software will suffice.
In reality, using incomplete or basic tools can lead to costly errors, wasted time and frustration, particularly when managing multiple properties or complex ownership structures.
The Hidden Risks of Minimalist MTD Solutions
Most generic MTD-compatible software focus solely on submitting quarterly updates to HMRC. While these tools tick the compliance box, they often fall short when it comes to practical financial management. Common limitations include:
- Poor support for multiple properties or joint ownership
- Limited automation, requiring manual expense categorisation
- No integration with banking or invoicing systems
- Minimal reporting, making year-end reconciliations difficult
For landlords who handle more than a single property or have shared ownership arrangements, these gaps can quickly translate into mistakes on tax submissions, missed deductions or hours of remedial work.
How RentalBux Solves These Problems
RentalBux was designed by accountants specifically for landlords and sole traders who demand more than simple compliance. As a fully MTD compatible software, it goes beyond the basics:
- Full accounting functionality, including invoicing, bank feeds, and purchase management
- Property management tools, covering tenancy management, rent collection, property details, and mortgage tracking
- Support for joint ownership and multiple portfolios, with flexible profit-sharing ratios
- Pre-built chart of accounts tailored for property income and HMRC requirements
- Automation features, including AI-assisted categorisation and OCR bill capture
This combination ensures that landlords don’t just submit accurate MTD returns, they maintain clear, audit-ready records all year round.
Scalable and Flexible for Any Landlord
RentalBux also addresses a common problem for growing landlords: scalability. Many basic MTD software solutions are fine for a single property but collapse under multi-property portfolios or complex ownership structures. RentalBux scales effortlessly, whether you own one property or several, ensuring that MTD software for Landlords never becomes a bottleneck.
Additionally, the platform is free for landlords with one property until March 2028, allowing new landlords to start with confidence and upgrade as their needs expand.
Conclusion
Not all MTD compatible software is created equal. While basic tools may technically meet HMRC requirements, they can leave landlords exposed to errors, wasted time and unnecessary stress.
RentalBux offers a complete solution: combining full accounting, property management, HMRC compliance, and automation into one platform. For landlords serious about accuracy, efficiency, and peace of mind, choosing the right MTD compatible software is not optional
