Actually helpful advice & guidance …please? re: Tax / BTL / Late payment chasing

[applehead58]

Hi all, this isn’t a post for ‘freebie’ advice but rather seeking recommendations for anyone you know who may be helpful.

TLDR; I’m looking for productive, proactive advice and guidance based on my circumstances in the areas of interest below


Just got off the phone with a company recommended online and the ‘expert’ I was speaking with seemed not sharp, not fully competent or experienced. There was seemingly invisible obstacle’s in the way or a resistance to just give advice and guidance. Perhaps a personality clash, I don’t know but it was a very difficult call and I’d just like to speak with someone who is experienced and knows their sh*t frankly!

Not sure where else to turn other than googling and calling a stack of companies to trying to find a suitable needle in the proverbial hay stack


Areas of Interest to discuss;

- Late invoice payments from clients (and implementation of solutions)
..so this one is kind of business / legal I presume?

- Stamp duty and Buy to Let advice (setup, structure, personal names vs Ltd etc)
…tax and property?
Additional info: currently in the process of buying a new home and wanting to keep existing to let out, but also wanting to discuss future plans

- Expenses claim-back relating to refurbishment of Buy to Let

 

[UK Contractor Accountant]

Surely your engaged Accountants/Advisors would be the first port of call for these type of questions.

If you dont have engaged advisors I am sure you can get some good recommendations form this site. The questions you asks should be able to dealt with by any competent qualified Accountant/tax consultant.

I'm finding with my clients that funding seems to be the key issue with B2L's as not so easy these days to get B2L funding via a PIC (Property Investment Company) - borrowing terms seems to be a lot higher than as for individuals.

 

[Lisa Thomas]

Sounds like legal advice is required for the debtors issue and accounting advice for the latter.

I'd be happy to recommend a solicitor and accountant if you like. Feel free to dm me.

 

[ChrisCallaghan]

Sounds like legal advice is required for the debtors issue and accounting advice for the latter.

I'd be happy to recommend a solicitor and accountant if you like. Feel free to dm me.

Same as Lisa, if you would like a recommendation for a collector/invoice control service, and an accountant, please DM me.

 

[Newchodge]

Hi all, this isn’t a post for ‘freebie’ advice but rather seeking recommendations for anyone you know who may be helpful.

TLDR; I’m looking for productive, proactive advice and guidance based on my circumstances in the areas of interest below


Just got off the phone with a company recommended online and the ‘expert’ I was speaking with seemed not sharp, not fully competent or experienced. There was seemingly invisible obstacle’s in the way or a resistance to just give advice and guidance. Perhaps a personality clash, I don’t know but it was a very difficult call and I’d just like to speak with someone who is experienced and knows their sh*t frankly!

Not sure where else to turn other than googling and calling a stack of companies to trying to find a suitable needle in the proverbial hay stack


Areas of Interest to discuss;

- Late invoice payments from clients (and implementation of solutions)
..so this one is kind of business / legal I presume?

- Stamp duty and Buy to Let advice (setup, structure, personal names vs Ltd etc)
…tax and property?
Additional info: currently in the process of buying a new home and wanting to keep existing to let out, but also wanting to discuss future plans

- Expenses claim-back relating to refurbishment of Buy to Let

And, presumably, you are prepared to pay for the advice? I would resist giving advice and guidance over the phone to a complete stranger without an agreement for payment or, preferably, advance payment.

 

[applehead58]

And, presumably, you are prepared to pay for the advice? I would resist giving advice and guidance over the phone to a complete stranger without an agreement for payment or, preferably, advance payment.

I find your response to be presumptuous Cindy.

As already stated, I am not looking for a ‘freebie’ - this applied to the call I referenced also. Else why would I be making the point at all?

 

[Newchodge]

I find your response to be presumptuous Cindy.

As already stated, I am not looking for a ‘freebie’ - this applied to the call I referenced also. Else why would I be making the point at all?

Sorry if I misunderstood "a resistance to just give advice and guidance."

 

[Mark T Jones]

Search for an accountant/tax advisor who specialises in property

What is the nature of the debts you are owed?

 

[WaveJumper]

Not quite sure why anyone would be considering the BTL route in the current climate and the possible hammering of landlords with new legislation, most I know in the sector are manoeuvring themselves out of it as fast as possible

You appear to have a host of issues what was this company you had a conversation with actually and specifically advising on, what did they say as this may give others a clue as too which direction to send you

 

[totalproperty]

Surely your engaged Accountants/Advisors would be the first port of call for these type of questions.

If you dont have engaged advisors I am sure you can get some good recommendations form this site. The questions you asks should be able to dealt with by any competent qualified Accountant/tax consultant.

I'm finding with my clients that funding seems to be the key issue with B2L's as not so easy these days to get B2L funding via a PIC (Property Investment Company) - borrowing terms seems to be a lot higher than as for individuals.

I totally agree. The taxation rules have changed again recently, including stamp duty and other elements of a BTL. It is always best to have a competent team to advise you on these matters.