Our Meet the Experts – Landlord Forum is fast approaching (if you haven’t got your tickets, click here) and we’re really looking forward to hearing what advice Lindsay Whiteley, Practice Manager Tax Assist has on new legislation, property letting campaigns and the importance of paperwork.
She’s attending the event on behalf of Nick Brooks, Tax Assist who is new to Hillsborough and, at the end of last year opened his third branch – which is just past Hillsborough Park.
After a long career in the banking world which sadly ended in him being made redundant, he decided to take a leap, change his career and become an accountant. Now, after winning Tax Assist Start-Up Business of the Year Award, he has a branch in Hillsborough, Barnsley and Huddersfield and works with a skilled team of not only those who have years of experiences but trainee accountants and apprentices too!
Below, Nick talks to us about some key things landlords need to remember, what Lindsay is most looking forward to about the event and what the whole team at Tax Assist hope guests take away.
From a tax perspective, what are some key things landlords need to remember?
Above everything else it is so important to keep a record of all paperwork – especially that relating to the purchase and any work that has been done in the property. As well, remember to keep note of your mileage as you can claim 45p per mile.
How has being a landlord changed in the last 10 years?
It has gotten a lot harder because of two major issues. One is of course the new legislation – it is complicated and ever-changing meaning it can be quite hard to get your head around it all. Also, I think that people’s perception of renting has changed which makes it harder for landlords. Most of the time you see negative stories in the news about landlords and not enough of the positive ones – I think people’s faith needs restoring that there are a lot of good landlords out there.
What’s your favourite thing about your job and the most challenging?
Simply talking to people! I love meeting new people and getting out in the community. I think one of the most challenging things is legislation – it is ongoing, ever-changing and we always have to keep on top of it. Luckily we are able to go on regular training courses to keep our knowledge fresh and up-to-date.
What are you all looking forward to about the forum?
Again, it is meeting people. We love getting out of the office and this is our first time doing an event in Sheffield so we’re really excited. It is great to have been asked and recognised and we’re am looking forward to continuing to work with Crucible.
What are you hoping people take away from the event?
All I want is for people to come away with the knowledge to do it right.