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What is TaxNav?

The Making Tax Digital initiative for Income Tax Self-Assessment simplifies the process for self-employed individuals and landlords. TaxNav, a software solution endorsed by HMRC, facilitates compliance while being budget-friendly and user-friendly, allowing you to efficiently manage your income tax duties, save time, and reduce tax liabilities. Crafted with MTD compliance in mind and recognized by HMRC, TaxNav is designed to: - Simplify digital record-keeping and submission tasks - Improve data security through robust encryption and authentication techniques By using TaxNav, you can alleviate confusion, conserve precious time, diminish the risk of mistakes, avoid penalties, and receive professional advice to optimize your tax deductions and effortlessly manage your self-assessment tasks. Moreover, TaxNav seamlessly integrates with Excel spreadsheets and is specifically engineered for self-employed individuals and landlords to effectively track their financial documents. This intuitive interface empowers users to take charge of their tax management efficiently, ensuring a smooth and hassle-free experience. Additionally, its features promote a better understanding of tax obligations, allowing users to become more proactive in their financial decisions.

What is Nexus by Landlord Studio?

Nexus is a digital platform specifically created for Making Tax Digital (MTD) accounting and reporting, catering to letting agents in the UK and their landlord clients. This state-of-the-art portal effortlessly integrates with various agent systems like Reapit, PayProp, SME Professional, LettsPay, and Alto, bringing together essential property, ownership, rental income, and expense data into a landlord's account. Landlords can review transactions, adjust allowable expenses, enter relevant income or expenses, and both prepare and submit their quarterly MTD updates, in addition to filing the annual final declaration to HMRC. They can also invite an accountant to either oversee their records or submit paperwork on their behalf. Letting agents showcase Nexus through a supported platform, while landlords can activate their accounts via an invitation or a signup link from the agency. Importantly, Nexus operates as a unique product within Landlord Studio, focusing on landlords working with participating letting agents, rather than serving as an independent service for direct sign-ups. This distinctive strategy allows agents to refine their MTD workflow by leveraging existing data from their systems, ultimately simplifying the accounting process for landlords. By doing so, Nexus marks a pivotal shift in the way tax management is handled for both letting agents and landlords, enhancing efficiency and accuracy in their financial dealings. The collaborative nature of the platform fosters a supportive environment for all parties involved, ensuring that tax obligations are met with greater ease and precision.

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Integrations Supported

Integrations Supported

Alto
LettsPay
PayProp
Reapit AgencyCloud

API Availability

API Availability

Pricing Information

£100
Free Trial Offered?

Pricing Information

£12/month
A 14-day free trial is available to invited landlords. Subscriptions are £12/month or £120/year, plus VAT; unlimited properties. Cancel anytime.
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

24 Hour Support
Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Online Training

Training Options

Documentation Hub

Company Facts

Organization Name

TaxNav

Date Founded

2023

Company Website

www.taxnav.digital

Company Facts

Organization Name

Landlord Studio

Date Founded

2016

Company Location

United Kingdom

Company Website

www.landlordstudio.com/uk/nexus

Categories and Features

Tax Preparation

Not specified

Categories and Features

Tax Compliance

Not specified

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