Over the years I have mostly hired an accountant in the year that we purchased a property and in the years we haven't I've done it myself. The accountants I have hired didn't seem to do anything I couldn't.
The thing I am wondering is, I do all the leg work, I type up a spreadsheet for all our IPS etc and add up all our costs etc. So all they are doing is taking my work and typing it into the boxes.
Is this what most people do (prepare all the work for them?) or do you hand them all your filing/paperwork and let them do the leg work?
I am also wondering if you just call your accountant whenever you have questions and ask them without having to book a meeting in with them? I quite often just have a question I'd like to ask via email but don't want to go in and see them but I feel like this isn't something I should do more than once or twice a year.
I guess now that we have several IP's and they charge per property, it is costing us quite an amount. And while I appreciate that they are professionals and need to earn a living as well, I just feel that even if I did miss a few things here or there, it would never add up to the amount they charge.
I feel like the only professional missing from my team is a good accountant but not quite sure if I really need one?
The thing I am wondering is, I do all the leg work, I type up a spreadsheet for all our IPS etc and add up all our costs etc. So all they are doing is taking my work and typing it into the boxes.
Is this what most people do (prepare all the work for them?) or do you hand them all your filing/paperwork and let them do the leg work?
I am also wondering if you just call your accountant whenever you have questions and ask them without having to book a meeting in with them? I quite often just have a question I'd like to ask via email but don't want to go in and see them but I feel like this isn't something I should do more than once or twice a year.
I guess now that we have several IP's and they charge per property, it is costing us quite an amount. And while I appreciate that they are professionals and need to earn a living as well, I just feel that even if I did miss a few things here or there, it would never add up to the amount they charge.
I feel like the only professional missing from my team is a good accountant but not quite sure if I really need one?