Accountant Recommendation

[adk]

Hi All,

I recently set up Ltd, looking to transfer my portfolio of domains under the corporation.

Before progressing any further, I'd like to consult with an accountant (fair enough, maybe should have done that before incorporating), but I'm having troubles filtering for advisers who would have knowledge of the domain names industry.

Does anyone have any recommendations? I'm London based, but I'm happy with virtual contact as well.

Thanks!

Al

 

[adk]

Need to figure out what is the right way to transfer ownership from personal to the corporation, how to handle reimbursement for the cost, broker commission fees, how to depreciate some domains that are actively in use etc.

 

[adk]

So, that's exactly where it gets interesting.

As a director one can "log" expenses and reimbursement for up to 7 years prior to incorporation, so technically there should be a way to just transfer ownership without the business paying me straight away, and write it as expense that then need to be reimbursed at some point.

I have all the invoices for every purchase, renewal, commission that I paid for, so I'm fairly confident that the general month-to-month accounting I can handle myself as you say, but I just want to make sure that the "start" and first year books are all in order.

Then there's also the "questionable" topics such as if I can be selling some domains as sole trader, and some domains under corporation (i.e if I haven't fully utilised the lower personal income tax bracket), and how would any domain sales be treated now, as they are not yet under the corporation (i.e I'm doing research, haven't moved the domain under corp yet, but make a sale)

These are some nuances that I'm just not sure how to answer.

Thanks for providing the link!!