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  • Tax

    Recommended Accountants

    Hi all, appreciate that RITA are a preferred partner and have received a quote from them, but think it's pricey compared to what I could get elsewhere.

    The quote was for accountancy services for my ltd company SPV assuming around 7 BTL properties within it and no income being drawn from it.

    Any accountants out there recommended for a direct comparison?

    I also run another ltd company that I provide IT contracting services through and would ideally also like to move away from my existing accountants to one that could provide services to both companies for me.

    Any accountants out there you would recommend to cover both businesses?

    Many thanks

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    What was the quote?

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    Stephen Coles Dip RLPM

    Complete Property Management

    32 Lune Grove

    Blackpool

    FY1 5LE

    01253 291816

    07967 561210

    that seems about right but of course depends if you are comparing apples and oranges

    are they qualified

    are they tax experts

    are they property experts

    do they have sufficient pi insurance

    is it just for compliance

    etc etc etc

    only a cheaper quote if you are comparing like with like ?

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    Debbie Franklin

    Director of Tax Peplows Limited

    CTA ACA FCCA


    It’s more expensive and less complex than my Ltd company accts, which includes P11D, Payroll, Dividends, VAT returns and a very well developed client portal. Not sure why property specialism attracts a substantially higher fee basis given the relative simplicity of my business model.

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    then what you currently have is really cheap

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    Debbie Franklin

    Director of Tax Peplows Limited

    CTA ACA FCCA

    On what basis? I’m trying to find equivalent services for comparative costs

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    use quickbooks cloud, use the bank feeds ensure the bank recs are done, keep to a march year end

    no vat, no payroll,

    only issue is getting mortgage statements to end of march on a timely basis (bitter experience here)

    if you dont need class accounting, you should get a quote around the £1000 mark plus Vat

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    FCA 33 years in practice, BTL since 1992


    The quote for £1500 pa is for 7 BT:Ls held in SPV - would folks expect the cost for a single property in held in an SPV to be similar or considerably less?

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    If it was me I’d expect it to be a bit, but not a lot, cheaper.

    All the same events and services to cater for but fewer transactions going through the business.

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    You need to be clear about what you want a quote for. If its just end of year accounts and corporation tax return and no advice (ie you won't be calling up every few weeks with a query) then £1500 does seem a lot. This assumes of course that you have adequate record keeping systems in place to accurately record transactions.

    Every accountant will have their own price for the job depending on their interpretation of your needs.

    If you ensure you have good records, respond promptly to queries and communications and don't call your accountant every week, then David's guide is probably where I would set it.

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