Reply: 2
From: Geoff Whitfield
David,
It probably depends on your level of experience.
If you are a beginner, there are people who can do a good job.
When you've moved on a little (if you are not a beginner), you will learn a little more about what you want from an accountant. And you will get extra value then- and know that you are getting the value- from more property-experienced accountants.
It also depends on your level of comfort. I know of some accountants whose tax planning is far more aggressive than I am comfortable with. I need a conservative approach for a little while yet (haven been bitten rather badly).
My accountant is very good, but not pro-active. I have a few IPs now, and feel I may be ready soon to more on. But the advice I'm getting now is FAR better that the accountant who, after my first IP purchase, did not even attempt to claim any depreciation.
I will not name names publicly.
Geoff