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Hi, can anyone recommend a really good Christchurch Accountant who understands property law well and having rentals as part of retirement planning?
Thanks in advance for any suggestions.
I would recommend Lowthers in Christchurch. They are good property accountants from what I have seen.
Also, Matt Gilligan from GRA in Auckland is fantastic, Withers Tsang good also. They are not in Christchurch but with modern technology this is not insurmountable and they have many clients across the country.
There are other accountants that post on here too. But hopefully this gets you started!
I would recommend Lowthers in Christchurch. They are good property accountants from what I have seen.
Also, Matt Gilligan from GRA in Auckland is fantastic, Withers Tsang good also. They are not in Christchurch but with modern technology this is not insurmountable and they have many clients across the country.
There are other accountants that post on here too. But hopefully this gets you started!
Harvey,
I am curious. You are a "tax and trust lawyer". Is the function different to a "tax and trust accountant"?.
Hi Shane. Not 100% sure what the question is? I am not an accountant so obviously I don't prepare accounts. I give legal advice to people on tax instead. Does that help?
Knew him personally, plus he was my accountant. Haven't seen him for years, must get back in touch. Cannot recommend him highly enough. He pulled me through some tough times with my business. He is a ppty investor too so knows it first hand.
What lies behind us and what lies before us are tiny matters compared to what lies within us. ~Oliver Wendell Holmes~
Hi Shane. Not 100% sure what the question is? I am not an accountant so obviously I don't prepare accounts. I give legal advice to people on tax instead. Does that help?
Harvey,
Thanks for clarifying. I was just curious why a lawyer would be involved with tax. But now I think about it more, I realize there are many scenarios where one could use a tax lawyer.
Would you mind outlining a few of those scenarios where someone would typically use your services? Sorry to derail the thread a little.
Thanks for clarifying. I was just curious why a lawyer would be involved with tax. But now I think about it more, I realize there are many scenarios where one could use a tax lawyer.
Would you mind outlining a few of those scenarios where someone would typically use your services? Sorry to derail the thread a little.
I am genuinely interested to learn.
Shane
Hi Shane,
No problem. Hopefully most lawyers (especially property / commercial lawyers) are trained in tax at least to the extent where they are able spot a particular tax issue and refer the client on to a tax specialist for specific advice.
There is quite a bit of cross-over in tax where accountants and tax-trained lawyers do the same thing - i.e. advising on tax. With law firms it is usually only larger firms which focus on tax as it is specialised, whereas most accountants will be able to give you at least rudimentary tax advice.
In saying that there are many tax lawyers who work in-house at accounting firms and give tax advice to clients with legal (and possibly also accounting) qualifications.
I guess accountants pick up the majority of tax advice as they have annual contact with their clients through the preparation of annual accounts, tax returns etc. But if you ever needed specialist tax advice on a particular transaction, then general both tax lawyers or specialist tax accountants would be able to help provide advice.
If an IRD audit becomes contentious and starts being disputed then a tax lawyer should always be involved at this point if there is a possibility of litigation resulting.
Clear as mud?
Last edited by Harvey Specter; 21-08-2013, 11:07 PM.
Reason: added content
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