anyone used 3 wise bears

[Andrew@Wisteria]

All valid questions. Perhaps going into more detail and explaining my rationale is warranted. May give other accountants here the opportunity to mention if they can help or a user to recommend someone who could.

Currently with a large firm who I wont name but their service has not been up to scratch recently so looking to move.

I am a vanilla contractor and have built up some money in the company. I potentially want to start a new contractor company next year and convert the current one to a buy to let company. I plan on (I am still not 100% sold on the idea) using the old company to purchase one property and rent it out while contracting from the new company. Given I am not 100% I just want to have the option of doing this (along with some advice).

I was recommended Maslins by a couple of friends but my understanding is Maslins will only deal with vanilla contractors and would be unlikely to accept me. When I googled it 3 wise bears were the only ones I could find that offered services to contractors and corporate buy to let companies. Given my potential roadmap it seemed like a good idea to find someone that had experience of both and would be potentially better suited to helping the conversion if i went ahead with it. But not finding any reviews of the firm made me a little nervous (and hence me reaching out here to see if anyone had heard much about them).

So if you are an accountant here and would be happy to do a bit of potential extra work (not sure how much extra work would be involved to be frank but happy to discuss if there is anything above and beyond normal) or know of any who would be please let me know.

BTW, they are freeagent accountants. I saw them as recommended partners on freeagents website.

ps while I am looking for accountant recommendations am happy for anyone to bash me for this being a stupid idea, would like to know if I am considering doing anything ridiculous that I may have overlooked...I understand I will loose the ability to do ER etc and I would be paying CT + CGT/Dividend tax in the end which could potentially end up costing more.

Hi Jim.

I’m sure a lot of the contractor accountants here are not so contractor vanilla such as ourselves.

Over time our contractor clients have increasingly turned to property investment and therefore has become quite commonplace for us to advise on these situations.

I guess it depends what typical day rate your contractor client is on as to whether they have surplus funds to invest. Suspect ours may be higher in this respect.