• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Page 1 of 2 1 2 LastLast
Results 1 to 10 of 17
  1. #1

    Default In Hamilton - looking for lawyer / accountant

    Hi there.

    I'm based in Hamilton and am a rookie in property investment... Starting with the basics, was wondering if anyone can recommend a good Hamilton-based lawyer or accountant.

    Would I realistically find a practice that offers expertise in both areas, thereby helping integrate communication between the two? I'm thinking of a dual service similar to that offered by Gilligan Rowe & Associates in Auckland.

    Thanks in advance - Pete

  2. #2

    Default

    Hi Pete,
    Why not continue to use Gilligan and Rowe if they offer the services and relationship you require. Both my accountant and solicitor are out of town, but it rarely causes a drama.
    Regards Matt

  3. #3

    Default

    Hi Matt
    Thanks for the advice. As a rookie I'm thinking face to face contact and physical proximity to local bank, or accountant/lawyer for signing docs etc could be a plus.
    Cheers
    Pete

  4. #4
    Join Date
    Apr 2006
    Posts
    4,018

    Default

    Hi Pete.

    The person I use in Hamilton for conveyancing is Gill Whinray at Norris Ward McKinnon. She is not a lawyer, but heads their property law team. She is very good, very sharp.

    My accountant is in Auckland, so I can't help you there.

    Paul.

  5. #5

    Default

    Hi Pete.

    I use Kevin Garty of Garty Honiss for accountancy.
    07 8391210

    Cheers.
    Marcus.

  6. #6
    Join Date
    Jun 2005
    Location
    Hamilton
    Posts
    773

    Default

    Hi Pete,
    I use Young and associates for a lawyer, Kathryn Walker is my solicitor but there are several others there too, and Mackrell Murcott for an accountant, Steve McMurray, there are heaps in town, some of the companies which may offer both services I know of are way too expensive by my opinion anyway.
    Good Luck.

  7. #7

    Default

    Thanks everyone here for providing pointers - most appreciated for someone like me just starting out.

    Pete

  8. #8
    Join Date
    Jan 2005
    Location
    Mighty Waikato
    Posts
    122

    Default

    Hi Pete, I also use young and Associates for my contracts. I use Allan Spice of Finn and Partners in Te Awamutu (he goes to Hamilton too I believe) he is an investor and is sharpe with his knowledge - His pricing is good too!

    cheers
    Neo

  9. #9
    Join Date
    May 2007
    Location
    Hamilton
    Posts
    3,634

    Default How do you find a good accountant?

    For years and years, I thought accounting for property transactions was pretty simple, and that any old accountant should be able to handle it. BUT they can't. It's amazing how little lots of accountants know about property and its taxation affects.

    I would recommend investors only use a property specailist for accounting. The easy way to find if an accountant is a property specialist is to ring the office, talk to the receptionist and ask "what does your firm specialise in?". If property or structures doesn't get mentioned, then no matter what the firms advertising or documents say, they probably don't really specialise in property, but are keen to gain some extra $$$$.

    Another good question to ask an accountant is "What is your personal property strategy and how many properties do you want to own?"

    Here is a few examples of wrong answers by general accounting firms about long term investment properties (not trading)

    1) Valuation is fully deductible
    2) You can use a guessestimate to split land, buildings and chattels
    3) Chattels depreciation or valuation, means just have the 3 categoires ,land , building and chattels (all lumped together at 10%)
    4) A profitable business owner using an LAQC for investment properties
    5) Group together all rental income and expenses, so that you don't have a clue what each property has done. A property accountant should seperate each property out and show each properties profit and loss on a seperate page.

    And then if you are trading its more important, as even lots of so called property specialists have no clue about trading structures. The rules are meant to be changing a lot from 1/4/09 but in the past if any accountant suggested using a company for trading, then they didn't know what they were talking about.


    Ask any accountant lots of questions about property in general, and see how well they know the whole subject. They should have a good opinion on property matters, like should you break your mortgage, should you pay off personal debt or rental properties (normally personal first), can you subdivide and sell a section without paying tax on the profit?


    Generally for structures Matt Gilligan from Gilligan Rowe + Associates (GRA).

  10. #10
    Join Date
    Apr 2008
    Posts
    2,086

    Default

    Rosco, Four of the five issues you have identified are not accounting issues. They are clearly legal issues re taxation. Yet people continue to take legal advice from beancounters - at almost the same cost.

    That makes about as much sense as getting your surveyor to apply for a resource consent.


 

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Christchurch Accountant and Lawyer
    By scottj in forum Finance, legal and tax (NZ)
    Replies: 3
    Last Post: 14-10-2014, 09:54 AM
  2. Looking for Accountant, Lawyer, Mortgage Broker
    By David Brent in forum Property Investment (NZ)
    Replies: 4
    Last Post: 08-01-2010, 07:01 PM
  3. Lawyer/ Accountant in Wanganui
    By jigsaw in forum General (NZ)
    Replies: 1
    Last Post: 15-04-2008, 06:07 PM
  4. NZ/UK Razor sharp lawyer/accountant
    By R&R in forum Finance, legal and tax (NZ)
    Replies: 3
    Last Post: 08-08-2007, 11:17 AM
  5. Accountant & Lawyer in Christchurch?
    By shine in forum Finance, legal and tax (NZ)
    Replies: 14
    Last Post: 29-06-2007, 09:46 PM
  6. Accountant + Lawyer recommendations?
    By mattcamp in forum Finance, legal and tax (NZ)
    Replies: 3
    Last Post: 20-10-2005, 09:25 PM
  7. Need Lawyer & accountant Hawksbay
    By kenhelen in forum Finance, legal and tax (NZ)
    Replies: 4
    Last Post: 18-10-2005, 07:15 PM
  8. Accountant and lawyer req'd Chch
    By Karter in forum Finance, legal and tax (NZ)
    Replies: 3
    Last Post: 11-08-2005, 08:22 PM
  9. Accountant and Lawyer reqd Wellington
    By Kimberly in forum Finance, legal and tax (NZ)
    Replies: 3
    Last Post: 04-08-2005, 10:23 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •