Being a self-employed solicitor comes with enough challenges without adding complex accounting into the mix. Managing income, client fees and other self-employment streams often leads to late nights reconciling spreadsheets or double-checking HMRC submissions. Mistakes can cost money and stress.
Consider a sole-trader solicitor managing a rental property and freelance legal work. They must track income from multiple sources, calculate allowable expenses, manage ownership agreements and submit quarterly MTD filings. Doing all this manually can easily take several hours every week, increasing the risk of errors and penalties.
RentalBux: Designed for Solicitors
RentalBux addresses these issues head-on. It is MTD software for solicitors that combines accounting, property income management, and HMRC-recognised compliance features into a single platform.
Highlights include:
- Pre-built chart of accounts designed specifically for solicitors
- Automation features to save time on invoicing, bank reconciliations and recurring transactions
- Under-development AI tools such as auto-categorisation and OCR bill capture to reduce manual entry errors
- Optional property management features for those solicitors who manage rental properties
Even solicitors with a single property can start for free, making it an accessible and practical choice for small-scale sole traders.
Efficiency Meets Compliance
By centralising bookkeeping, property management and MTD submissions, RentalBux helps solicitors:
- Save hours every week
- Reduce errors in financial reporting
- Focus on client work instead of administrative tasks
- Remain fully compliant with HMRC requirements
For example, a solicitor who previously spent 4–5 hours a week reconciling accounts can now complete the same work in under an hour thanks to automated bank feeds and pre-built accounts. This is time that can be spent on billable work or client care.
Conclusion
For self-employed solicitors, the combination of property income and self-employment bookkeeping no longer needs to be a headache. RentalBux provides an integrated, automated, and HMRC-approved solution, making it the top choice for MTD software for solicitors.
From small portfolios to more complex ownership arrangements, RentalBux ensures accuracy, efficiency and full HMRC compliance.
