Hi, I'm Rob. And I'm Rob. And this is Ask Rob and Rob. Yes, welcome to Ask Rob and Rob. It's Tuesday. That means that we have got two listener questions and we are about to provide two answers. Some really good questions coming up just before we hear those though. Rob, a quick reminder of how to send in wonderful questions of your own.

It's very, very simple. You can do it in multiple ways, but you only have to go to one place to do that, and that is property hub.net forward slash ask. That's property hub. Dot net forward slash ask. Go there, and you can get your question into us. And if you are lucky, you've got a really good

question, you might appear on the show, just like Michelle has. Hello, Rob and Rob. Michelle here.

I've been a listener for about six years. I really enjoy the free content and clarity you provide,

but I also appreciate your fun, engage in delivery. So thank you. I work full-time P.A.E, which, if I had no other

income, puts me in the 20% tax bracket. I have three residential buy-to-let properties in my own name,

pushing some of my income into the higher tax bracket. I'm considering buying a fourth property,

and depending on advice, may do this through a limited company. I currently submit my own

annual tax returns and I'm aware that I'm possibly not making the most of any potential

legal tax efficiencies. Because my property income is below the making tax digital threshold

for its start this year, I won't need to get involved with this yet, though I will need to in a year

or two.

With these points in mind, can you advise on how I should go about sourcing a reputable tax

advisor and or accountant that would provide me with tax planning?

Michelle, listening for six years. Thank you so much. Really appreciate you being with us for such

a long time. Let's see if we can help you out with an answer. I would say the first thing is to do what you actually did at the end of your question, which is separate out tax advisor from accountant. So they can be the same thing, but they're not always. You need to be clear what it is that you're looking for. And I think you'd get value from both. So an accountant generally is going to file your returns and keep you compliant. This is the kind of thing that you've been doing yourself up till now. If you've got properties that are owned personally or in a partnership, you can do it yourself. It's not as painful as it is with a limited company. But I would say if you're working full time and you've got a few properties on the go, you've probably got more fun things to do with the time that's left over. And at that kind of level, I would expect an accountant to be able to save you more than they're charging you by spotting opportunities for optimizing things that you wouldn't have noticed yourself. You're probably not claiming reliefs and putting through expenses that you could do if you were made aware of them. So that's one thing. A tax advisor, of course, advises you on tax. and this is another piece that you really need at the moment, making that decision about whether to get your next property in a limited company. It is a big decision, and a tax advisor won't be able to give you a firm answer because only you know your future plans. So I'd say give some thought to your future plans and then speak to a tax advisor. We've actually got a free list of questions to ask yourself

before you speak to a tax advisor. You can find that by going to property hub.net slash tools.

How do you find them though? Well, it's not easy. Most are not specialised in property,

but there is a hierarchy of moves you can make. The best, of course, is always getting a referral

from someone else who is also a property investor. Find

away the best way of finding someone. Second place is probably finding someone who is sharing

their knowledge in public, showing that they know what they're talking about. And if it's on a

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