SJD and property accounting?

[Andrew@Wisteria]

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

[simes]

As above.

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

All fine.

[Craig@Clarity]

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.

[mekondelta]

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?