10:36 AM, 26th January 2019, About 3 years ago
You wouldn’t expect your family Doctor to perform major surgery on you, so why do most landlords expect their accountants to provide tax planning advice and recommend the optimal structure for their business?
Most accountants work with all types of businesses, they are general practitioners in tax. Their speciality is to ensure you have recorded your income and expenses accurately and claimed for everything possible to minimise your tax bill. However, rarely will your accountants advise you to restructure your business, because that would also require them to understand property, finance and law and how it relates to the operational aspects of your business. That’s not what they are trained or qualified to do. It’s a job for a specialist landlord tax consultant.
Unless your accountants are landlords themselves, with a similar size property business to yours, it is highly unlikely they will share the same mindset as you either.
If your accountant does have all of these qualities then you have hit the jackpot because they are extremely few and far between. That said, nobody can know everything so a second opinion could prove to be extremely beneficial anyway. Nobody has a Monopoly on good ideas.
Engaging a Property118 Landlord Tax Planning Consultant does not replace the work of your accountant. We provide complimentary specialities and services, in much the same way as a specialist medical consultant or surgeon does when your family Doctor refers you. Property118 tax planning consultations also come with a guarantee of total satisfaction or a full refund.Show Book a Tax Planning Consultation
Please see the links and PowerPoint Presentation below
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
Previous ArticleStatement from Tim Frome on behalf of Property Redress Scheme
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|