08 Jun 2016

A question about : Who can I talk to

I am retiring from the public sector after thirty years. My wife and I want to buy a bed and breakfast business. Where should I go for advice? I need to ask questions on:
loans/mortgage.
Tax implications on buying and then selling in the future.
Tax questions in general
Numerous other questions
Is ther a one stop shop like a business advice centre or should I go to a lender then an accountant?
I'm thinking of relocating to Scotland, does this have its own problems/implications.
Many thanks

Best answers:

  • I would imagine a good accountant would be the best one stop shop for the sort of query you are describing.
  • Yes an accountant is probably the best person to go to. However, accountants need a brief so they know what services to bill you for. Maybe some accountants here could advise you on what such a brief could be.
    Some accountants might give you some initial free advice if they know there is a good chance of getting long-term business from you but since you are re-locating, I assume, quite a distance away there could be a problem there.
  • An accountant would be my first port of call, too.
    As Mistral says, you'll probably get the initial time for free if you can show you're serious.
  • If you look up Starting a Business on gov.uk there are links to local Enterprise organisations.
  • I googled B&B owners forum, and there are a few associations like this.
    I don't know what they're like but may be worth a look.
    https://guesthouseowners.com/index.html
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