Just a quick ask - is their a bit of a rule of when to appoint an accountant - i spoke to one who was going to charge £250 a year yet my tax return was less than this. However as things are progressing i was wondering when would be best time to appoint one. My return initially appears quite straight forward in so much as i declare my profit minus my expenses. Im soon to have 6 properties. which will generate an additional income to my day job which is PAYE.
I have made mistakes in teh past re self assessment which where genuine enough and not catastrophic. I will not be seeking to run an business re the letting of these properties i will be i assume a sole trader, Yet would the advice be to start looking at this venture as a business from the very beginning. My mortgage adviser suggests it would cost to register the properties in a business as apposed to solely in my name.
any advice welcome.
I have made mistakes in teh past re self assessment which where genuine enough and not catastrophic. I will not be seeking to run an business re the letting of these properties i will be i assume a sole trader, Yet would the advice be to start looking at this venture as a business from the very beginning. My mortgage adviser suggests it would cost to register the properties in a business as apposed to solely in my name.
any advice welcome.
Comment