Hammock, the UK property technology firm, announces a new partnership with Sage
As the introduction of Making Tax Digital for income tax self assessment draws closer to going live in April 2024
, many accountants are bracing themselves for increased demand from landlord clients. This is why Hammock's new partnership with Sage, will enable Sage to provide a coherent solution for accountants to manage landlord clients’ tax and compliance needs.
More about Hammock
Founded in 2019, Hammock initially focused on selling to the landlord market. However, according to its founder and CEO Manoj Varsani, they soon received enquiries from accountants whose clients were using the tool, and the vendor’s stand was one of the most popular at last year’s AccountingWEB Live Expo.
Hammock was the recent recipient of a $5.5m funding round
, and currently provides banking, bookkeeping, draft property tax statements and property performance insights to customers. Fuel Ventures initially provided investment back in 2020
Although there is currently an integration between Hammock and Sage, the new partnership with Sage will allow accountants or landlords to review their tax return details and other financial information through Sage’s tax dashboard. It will also allow users to view tax estimates and file quarterly returns, end of period statements and final declarations under the new MTD ITSA regime directly through Sage software.
The partnership is available now and Sage accountants can sign up and access Hammock from the Sage for Accountants platform.
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