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Found 53 results

  1. 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
  2. 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.
  3. 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?
  4. 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
  5. 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
  6. 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.
  7. 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.
  8. 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
  9. 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.
  10. 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
  11. 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
  12. 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
  13. Hello, Does anybody have any reccomendations for a property accountant in Liverpool. Thanks in advance Shaun Cavanagh
  14. 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!
  15. 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
  16. Hi Everyone, My names Jay, I'm a long time listener and subscriber but first time posting on the Forum. I've been saving/investing hard to try and get some cash together to invest in property. At the moment I'm quite attracted to Leeds and Liverpool. I'm looking for a long term investment... with a view to subsidising my retirement (I'm in my 30s , and worried that I'm probably too late). I'm fairly hands on, unlike most accountants I love DIY. So not afraid of getting my hands dirty. My concerns are having a property that is so far away. I have a handful of clients with property portfolios so have a good understanding of finance side. Just wanted to say hello, hopefully I'll be along to the next property hub meet up. If anyone's looking to purchase property in Solihull/ South Birmingham, I'd be happy to lend whatever knowledge I have. Kind Regards, JP
  17. Hi guys, I'm looking for accountant recommendations who specialise in BTL investing via SPVs/Ltd Co's. I'm a self employed independent contractor (based in London) and looking for the best way to transfer deposit funds between companies. Any recommendations would be most welcome! Thanks in advance
  18. Hi guys, I'm looking for accountant recommendations who specialise in BTL investing via SPVs/Ltd Co's. I'm a self employed independent contractor (based in London) and looking for the best way to transfer deposit funds between companies. Any recommendations would be most welcome! Thanks in advance
  19. Hi everyone, First time posting on the fourm. I am just setting out on my property journey and wondered if anyone has any good recomendations for accountants and also solicitors in North west London? Any help would be much appreciated. Thanks, Will
  20. I know this question has been asked before, but not for a while. I'm based in Walthamstow, London. Preferably they won't wear pinstripe trousers and will have a GSOH. Cheers Chris
  21. Hi I am new to the forum. I am looking for a recommendation for a good property accountant preferably local to me . Does any one have any recommendations. I am looking to do a btl. Thank you
  22. I am contractor with my own Ltd company, I am looking to start a property portfolio but I have a 'paint by numbers' accountant with a portal etc and by her own admission my accountant told me thier firm are not property specialists. I need an accountant who is in the North West of England who specilises in property and understands contractor issues Any recommendations Andy
  23. 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!
  24. I have engaged an accountant for the first time to prepare my 2016/2017 tax returns and I am not 100% convinced that their advice is correct on a particular aspect. The situation is this: 1. When I remortgaged my home, I borrowed an additional sum to invest in my first BTL. You could say that the total loan comprised two parts: Part A - the part needed to repay the existing mortgage on my home; and Part B - the additional borrowing to fund the BTL. Part A is about three time larger than Part B. All of Part B is being used to fund the rental property business. 2. It is a fixed rate repayment mortgage at 3% (give or take). I pay the same amount each month which comprises interest (X) and capital (Y). Clearly, as I repay the capital, each repayment comprises a slightly bigger Y compared to the X. 3. The question is how much of the interest is deductible from the rental income. Clearly it is only interest on the Part B borrowing and not the Part A borrowing. 4. My accountant has taken the total amount of interest paid on the mortgage (i.e. the total of X throughout the tax year) and apportioned that between Part A and Part B and is telling me I can deduct the amount of X apportioned to Part B. As a formula I think it looks like this: Deductible interest = (X * Part A)/(Part A + Part B). 5. But is this correct? Can I not say that the Y (capital) payments are going to repay Part A first, and that all I am paying in respect of Part B is interest? On this basis, until Part A gets to a certain level, I would be able to deduct 3% * Part B from my rental profits which gives a higher deduction. The accountant seems to think that this would count as income on my "personal" account which would be taxable but I cannot see how that is. Is my interpretation reasonable/acceptable? Apologies, this is a bit complicated, but if there are any tax techies who understand what I am getting at and can answer the question, I would be very grateful. I doubt I am the first person for whom this is relevant! Many thanks.
  25. Hi, Can anyone recommend a good accountant in the Hertfordshire region, preferably close to my hometown of Hemel Hempstead if possible. Any recommendations or advice would be greatly appreciated. Many Thanks, Richard
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