Job Details

Leicester - Individual

Location
Leicester (LE4)
Placed
Monday 17th of May 2010
Categories
Tax Returns / Tax Advice
I currently have 1 buy to let property and I do the accounts/income tax myself. I have just had an offer accepted for a 2nd property with the intial mortgage being filled on tomorrow (18th May 2010).

My wife and I need to discuss the pros and cons of leaving us as private individuals or setting up as a proper company - what are the advantages/disadvantages for tax purposes and how to reduce our tax bill. We also need to discuss on an exit strategy for our current and potentially future property purchases (as we are looking to increase our portfolio).

We then need to sit down and get advice on how much an accountant would cost to do our tax return and how much money you can save us by doing it.

User Information

Record State
Well organised (eg by month)
Business Type
Individual
I currently have 1 buy to let property and I do the accounts/income tax myself. I have just had an offer accepted for a 2nd property with the intial mortgage being filled on tomorrow (18th May 2010).

My wife and I need to discuss the pros and cons of leaving us as private individuals or setting up as a proper company - what are the advantages/disadvantages for tax purposes and how to reduce our tax bill. We also need to discuss on an exit strategy for our current and potentially future property purchases (as we are looking to increase our portfolio).

We then need to sit down and get advice on how much an accountant would cost to do our tax return and how much money you can save us by doing it.

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