Meet Megan Stacey, Our Director of Accounting

Megan Stacey, our Director of Accounting, sat down with us to talk about her work, the recent changes she has noticed in property management accounting, and a little about herself.  

Can you tell us a bit about your background and how you got into accounting and why you chose to specialise in the property industry?  

I got into accounting when I left school. It was recommended to me as an A Level because I was always naturally quite good at maths. If I’m honest with you, before then, I didn’t even know what an accountant was! When I was eighteen and completed my A Levels, I was lucky and got employed at a local, long standing accountancy firm, and I was there for eight years. Within that time, I did my AAT studies and my Chartered Accounting exams at Reed Business School. I left for another well-established accounting firm and was there for two years before pivoting to be the Director of Finance and Operations at a start up marketing agency in Brighton. Since then, I have decided to specialise my accounting skills in property tax and accounting at LoftyAccounting, and have recently completed by ARLA level 3 qualification.  

What do you find most rewarding about working at LoftyAccounting?  

I like LoftyAccounting because I have been able to learn a lot about the property industry, and in more depth than you would do in a general practice. It’s a new side to the accountancy that I had not focused on in the past. I especially like meeting all the business owners within this industry, everyone seems very friendly!

What trends or changes are you currently paying attention to?  

The UK has introduced Client Money Protect (CMP) schemes, making them mandatory for any agency handling client funds. Agencies must enrol in these schemes, which include maintaining accurate records of client money bank accounts. Most of these schemes require an accountant’s report, so I have dedicated significant time to mastering this area. 

What other recent regulatory changes have impacted property management accounting, and how have you adapted to them?  

Starting in 2026 and lowering again in 2027 Making Tax Digital (MTD) will be mandatory for anyone with an annual revenue exceeding £30,000 (2026 – £50,000). The average rental value is £1,300 per month, so a landlord with just two properties would surpass this threshold. Consequently, quarterly MTD filings will be required, so I really stress to clients that regular bookkeeping and financial awareness are increasingly essential. I always promote the pro-active approach and get these systems set up ahead of the deadline to ensure no surprises. 

How important is customer experience in property accounting, and how do you enhance it?  

Customer experience is the most important part of my job and always has been because ultimately you are working on behalf of your client. I think that good communication, easy explanations, and a step-by-step description of what you have done and how you have come to that decision are paramount. If they feel confident and understand what you are doing, you can build up a trusting relationship and, going forward, work with the client towards making better financial decisions.   

What do you enjoy doing outside of work?  

I love travelling and have been fortunate enough to visit many beautiful countries. I am really into backpacking—it’s not glamorous, but it’s a lot of fun. Experiencing nature first hand is just always a special experience, especially with my love of all wildlife.