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Found 62 results

  1. Hi All, I have been quoted £77+VAT a month for a property accountant for the accounting of my SPV, which will hold 1 buy-to-let property (for two years). My first question, is this a good rate? My second question is, is this value for money as I will only have one property? Or would I be best served paying a property accountant once at the end of the financial year to complete the relevant company tax documents? Thanks in advance, Joe
  2. Hi All, I'm just starting out near Cambridge and am looking to build my team to help me along the way. I'm looking to do some conversions, so will be needing: 1. Planning consultants 2. An architect 3. An innovative mortgage broker 4. A tax advisor / accountant with good property knowledge. We've really struggled to find reliable people when doing our main house, so Any recommendations or notes of those probably best avoided would be very gratefully received! Thanks All, appreciated!
  3. Hi all, Whilst not new to the BTL scene, this year I purchased my first property inside SPV / Ltd Company and as I approach the final quarter of the company accounting year, it is about time to find an accountant to take on the new area of end of year filing activities!! I would like to consider myself pretty savvy in general numbers and tax game having filed my personal SA returns for many years but the company accounts games is a whole new story that I am looking for help with. I would be happy to do my own double entry bookkeeping and provide my chosen accountant with access to my online books from which to do these annual tasks - or if they prefer to operate a different way, I am open to discussion. I have had a few sensible quotes (and a few silly ones) when researching "general" accountants at the start of this journey but before I take a decision in this fairly niche market, I wanted to post here looking for recommendations of accountants known to operate in SPV/Ltd Companies. I live in Hampshire but I am as happy working with a nationwide accountant as I am a local one. Any help would be much appreciated guys with this my first post within the property hub network. Feel free the message me or reply on this thread. Thanks in advance. Dean
  4. Hi, new to the exciting world of property. We have set a company up but need some adcice on accountants and brokers any suggestions are welcome! Thanks in advance!
  5. Hi everyone! Always been eager to post on here and finally have a question! My situation is that I have a single buy to let flat that was purchased in a company name. (I set up the company a couple of years ago) I'm currently achieving a pre tax monthly profit of £270. (After monthly mortgage (3.7% Interest only 5 year fixed with Paragon), Service Charge and Ground rent has been taken away) I've always had an accountant lined up, however they are wanting a monthly fee of £62.50 plus VAT for their services. For that they will offer; "the preparation of a small set of Ltd company accounts and associated company tax return with minimal levels of advice and assistance, as necessary." As this is my first buy to let and I'm relatively inexperienced, this seems like quite a lot of money? I'm just wondering whether I should do the first years tax return myself? Has anyone else done this or should I just bite the bullet and go with an accountant? I can understand that having an accountant is beneficial if you have quite a lot of properties and the accountancy fee remains the same, however I'm not quite so sure if it's your first. Would love to hear peoples views on this. Much appreciated Benji
  6. Hi All, Just thinking about purchasing 3 properties in a ltd for specific purpose of letting. I understand we get the benefit of Multiple dwellings relief (i presume this is only if we are purchasing from same vendor?) but was wondering do you need to factor in the extra 3% surcharge on the average SDLT too? thanks All!
  7. Hi everybody! My husband and I are looking to get a BTL in Scotland (we have some contacts there). We're not homeowners and are wondering what's the best to do, buying through a joint personal mortgage or through a limited company. Our mortgage broker said that possibilities are very limited for us buying through a ltd, plus interest rate will be higher. Our idea is to build a small portfolio. Would it make sense to start with one property on a joint personal mortgage and see how things go? It looks that is more expensive to start with a limited company. I guess the problem would be that later we would have to sell this property to our limited company if we change mind in the future. Any advice from your side? Any recommendation for an accountant in London for a 1off consultation? What's a fair price for this kind of consultation? Thanks in advance to everybody! Teresa
  8. Hi all, hve a very quick question; I am planning to lend some money to my own limited company (zero interest) to buy a BTL. I believe this is called director’s loan so that my limited company can pay it back to me in the future without any tax implications. My question is, do I need to fill any standard forms to establish this loan relationship between my self (director) and my company? thanks in advance volkan
  9. Hello All, I am hoping for some recommendations for an accountant based in the Cardiff or Caerphilly area of Wales that specialises in property. I have some BTLs personally but looking to set-up a Ltd company and as such looking for accounting services. Thanks in Advance! Mike
  10. Hi all. It is high time that we engaged the services of an accountant to help us navigate the tricky waters of the property world ! A summary of our position: We own a retail business that has been trading for about twelve years. In October 2017 we commenced holiday letting in an attached annexe, this is ongoing. In October 2018 we purchased our first property which was in need of total refurbishment, this was finally let in August, 2019. In January 2019 we purchased our second property which is being refurbished and will be let in the new year. We are currently sourcing further properties and awaiting the results of offers made. We are based in North Dorset and would ideally like to have the occasional face to face - especially initially to sort out the best way of streamlining the four sets of books I am currently maintaining, we use Quickbooks. If anyone feels that they have a recommendation or can offer their services, please message me.
  11. Hi all, my name is Douglas, I am 29 and I live in South West Scotland. I recently did a large house renovation on my own home and now wish to take some equity out so I can start investing in property to hopefully get financial freedom in the future as I wouldn't say I love my current job. I hope to buy my first Buy to let property this year in Preston. The one thing that is holding me up a bit is finding a good mortgage broker and accountant. I just am not sure where i should be looking. If there are any recommendations for either, it would be much appreciated. If anyone is currently investing in Preston any advice again would help me out greatly. Thanks for reading, Douglas.
  12. Hi all, I intend to set up a limited company to hold btl properties, I don't intend to draw a salary from this SPV any time soon. To seed the SPV, I was planning to make an inter-company loan from my current trading ltd company to the new property company which I assumed from research was the best option. However my accountant advises the most tax efficient approach will be the property company holds shares and receives dividends as a source of funding from my trading company. When looking into this, I have seen where people set up a holding companies where both property co and trading co are subsidiaries and some other combinations. I am hoping you can share your experiences with me please as I am really not sure which is the best approach. Thank you
  13. Hi, My husband and I are looking to invest in property and are looking for a mortgage broker and an accountant to start us on our journey. We are based in London. Does anyone have any recommendations? I have tried those recommended by The Property Hub but the accountants are not taking any clients at this stage.
  14. We have set up our Limited Company this month, it will do flips (to expand the investment pot) and later on it will start to buying-refurbishing-managing HMOs. We are in need of an accountant and would prefer one that also invest in property. Does anyone know one preferably based in London?
  15. Hi all, I have just set my limited company SPV and am purchasing my first property through it. I have been searching for a property accountant but not had much luck. I was an accountant that specialises in and property tax and ideally is an investor themselves. Can anyone reccomend any in the Manchester area who are fairly priced and competent? Thanks in Advance!! Jonny
  16. Hi, I live in Kent but I am looking (for various good reasons) at investing in Sheffield area. I'm currently assembling a team of advisors - accountant, solicitor, mortgage advisor etc - and evaluating the pros and cons of going local to where I live or where I will be investing. The obvious pro of having them to local in Kent is being able to pop in and see them in person at short notice but I suspect the costs down here are higher, perhaps a lot higher, than they would be in Yorkshire. An added weaker point is that people local to where I am investing might have local knowledge affinity etc. Any thoughts? Thanks John
  17. Hi All. Just joined and am looking for a sound recommendation. We are developing a site, have founded a Ltd company to own and manage the development and future ones. Wold anyone have a strong recommendation for an accountant near Marlborough, Wilts. We'd like to avoid schemes which sail close to the wind and could be challenged in the future. Not keen to just accept the vanilla option either. Ideally a firm who have the smarts and experience to develop a strategy which is efficient and sound. This isn't a one off piece of work, it will be ongoing. Many thanks in advance.
  18. Hopefully this is an acceptable introduction of myself. I am an Accountant looking into property investment as a business alongside my existing practice. I find this site saturated with information and am so pleased I stumbled across it.
  19. Hi all. We are finally at the "money is about to be made available to start up our company" phase, so I am looking for recommendations for a good (preferably great) property specialist accountant near me. Ideally, this would be around the Leigh area of Greater Manchester, but anywhere with 10-15 miles, so Wigan, Warrington, Manchester are all in there. I am pretty certain on the Limited Company route, as I already pay higher-rate tax, but have a LOT of questions about how to set it up for the best protection/lowest tax-liability, director's loans (both making them and repayment options), future-proofing both for my wife and my pension, plus our kids (I know Rob B mentioned something a while ago about setting his company up with his children owning 99% but he and his wife have a 1% controlling share, or something like that). Any recommendations will be gratefully received. Also, how much should I expect to pay for an initial consultation, as ideally, I would like to go to 3 accountants, to give me the best chance of finding the perfect fit for us? Thanks Craig
  20. Hi, Just starting out and trying to source my 'power team'. Any recommendations for good, reliable surverys, builder, accountants and mortgage brokers in the Nottingham/East Midlands area? Going into my first buy to let, first strategy, first time everything so would really like honest and reliable people with great recommendations so as to lift a bit of the worry when just starting out. oh and to those from the Nottm area I'll be attending my first property hub meet up in Notts soon too, Thanks.
  21. Hi , My name is Brighton , im currently looking for a property accountant in the Birmingham area or an nationwide accountant , do you have any recommendations?? Thank you in advance
  22. Evening folks, Wondering if anyone in the Liverpool area could recommend the following: Solicitor Property Specialist Accountant Mortgage Broker New to the city and hoping to begin investing ASAP, would be great to meet those with experience in the city that can help guide me along or indeed those who are like myself starting off. Catch up over a coffee and share ideas. Have £20,000 saved so would also be interested in a JV, ideally with more experienced investor who can help introduce me to their network. If you would rather contact me directly, please email mwhestates@gmail.com Look forward to any input, and thanks in advance! Matt
  23. Hello, Does anybody have any reccomendations for a property accountant in Liverpool. Thanks in advance Shaun Cavanagh
  24. Hi everyone! Could someone recommend an accountant in the Leeds/Yorkshire area. I'm looking to set up a limited company for my buy to let investments. Much appreciated!
  25. Hi guys, I'm about to buy a 1 bed flat and I'd like to get your thoughts on whether its cost effective to pay a few hundred pounds for a tax advisor fees per year, for just a 1 bed flat? Does anyone do their tax return themselves and if so are there any apps/software that make the recording and submission easier? Thanks in advance
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