SJD and property accounting? SJD and property accounting?
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  1. #1

    Nervous Newbie


    Join Date
    Jun 2008
    Posts
    8

    Default SJD and property accounting?

    Hi,

    I have a limited company which was for contracting but I want to turn it into a property investment company. SJD say they can do property accounting as well as contracting, just trying to gauge how good they are at it? I think they used to work with another company that did the property accounting but they want to bring it in-house now?

    I still have another company that I contract through and it seems to make sense to keep to one accountant to advise against both companies and my personal tax. Anyone know other UK-wide accountants that are good at both? Looking for decent tax advice.

    Any experience please?

  2. #2

    Fingers like lightning


    Join Date
    Nov 2010
    Location
    Poole
    Posts
    698

    Default

    Accounting is accounting. If they say they can handle it, then assume they can. They are a firm of accountants after all. Call them up and discuss your thoughts and intentions. This should hopefully give you an indication as to whether they are you to task.

  3. #3

    Fingers like lightning


    Join Date
    Jul 2005
    Posts
    516

    Default

    As above.

    I am in the same boat, as t'were, with my properties, in my Consultancy Ltd Co, with my accountant.

    All fine.

  4. #4

    More time posting than coding


    Join Date
    Jan 2013
    Location
    Watford & London
    Posts
    200

    Default

    Quote Originally Posted by mekondelta View Post
    Hi,

    I have a limited company which was for contracting but I want to turn it into a property investment company. SJD say they can do property accounting as well as contracting, just trying to gauge how good they are at it? I think they used to work with another company that did the property accounting but they want to bring it in-house now?

    I still have another company that I contract through and it seems to make sense to keep to one accountant to advise against both companies and my personal tax. Anyone know other UK-wide accountants that are good at both? Looking for decent tax advice.

    Any experience please?
    If you have retained profit that you are planning to extract by way of a capital distribution, you need to be careful not to turn the business from a trading business into an investment business as can jeopardise the capital (tax efficient) treatment. Get proper advice from SJD (assuming they offer it).

    Andrew

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