Wealth Made Simple Podcast

https://www.linkedin.com/in/shaznawaz/

https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

The Art and Importance Of Storytelling

Tue, 13 Feb 2024 00:00:00 -0000

Shaz explores the art and importance of storytelling in building wealth, by discussing how storytelling is ingrained in our everyday lives, from childhood anecdotes to embellishing or minimising our own experiences.

The team delve into the seven overarching plots that form the basis of all stories and highlight the power of storytelling in connecting with an audience. They emphasise the need to craft stories that resonate with the audience, evoke emotions, and make a lasting impact. The episode concludes with insights on how to apply storytelling techniques in sales, marketing, and wealth generation, emphasising the importance of understanding the audience, creating a hook, and making the story relevant.

KEY TAKEAWAYS

Understand your audience: When crafting a story, it is important to know who you are telling the story to. Tailor your story to connect with your specific audience.
Create a hook: Grab your audience's attention by creating a compelling hook. Make it relevant and emotionally engaging to draw them in.
Make it personal and relatable: Share your own story and experiences to connect with your audience on a deeper level. Show them that you understand their struggles and can guide them towards a solution.
Build a community: Foster a sense of belonging and togetherness by creating a community around your story. Encourage collaboration and support among your audience members.
Start small and build up: When selling or marketing, meet people where they are and start with smaller, achievable goals. Gradually build up their confidence and trust in your ability to help them achieve bigger results.

BEST MOMENTS

"Facts tell, stories sell."

"There are seven stories. There are only seven stories."

"Your net worth is your net worth"

"You can't get a new result with the same old thinking."

"If you can't explain it to a five-year-old, then you don't know it well enough to explain it."

VALUABLE RESOURCES

https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

How To Achieve Your Goals

Thu, 25 Jan 2024 00:00:00 -0000

Shaz discusses the importance of taking action and implementing goals effectively. He provides a comprehensive list of 25 actionable steps and tips to help listeners achieve their goals.

Shaz also talks about the need to lay the foundations and develop a detailed plan, assign responsibilities, set milestones, allocate resources, and have a clear communication and feedback loop, highlighting the significance of celebrating achievements, maintaining flexibility, and practicing resilience.

KEY TAKEAWAYS

Setting clear goals and developing a detailed action plan is crucial for achieving success.
Assigning responsibilities and setting milestones helps track progress and maintain momentum.
Allocating the right resources, including personnel, training, and support, is essential for getting things done.
Regular monitoring, communication, and feedback are important for staying on track and making necessary adjustments.
Celebrating achievements and maintaining a supportive and focused environment are key to keeping the team motivated and committed.

BEST MOMENTS

"Taking action is by far one of the hardest things and having an action plan and having a way to make sure that you implement what you intend to do is important."

"I don't have all the answers. I don't claim to know everything and this platform is all about sharing ideas and sharing is a two-way street so I'm more than happy to learn new things and add to my knowledge base."

"Deadlines shouldn't change. That's why I said earlier on, it's better to have some slack time and a generous deadline up front rather than keeping it very tight and pressurised and then having to change it four times or five times or however many times."

"Build something extra to help people - recognise, understand that you recognise when they are doing a good job."

VALUABLE RESOURCES

https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

The Power of Personal Branding for Lasting Income

Thu, 18 Jan 2024 00:00:00 -0000

Shaz and Kieron discuss the importance of having a personal brand and how it can lead to recognition and opportunities. They emphasise the need to build trust and credibility through sharing knowledge, experiences, and opinions.

Listen as they cover various strategies for creating products, such as writing booklets, offering online courses, and hosting webinars. They also highlight the value of networking, speaking engagements, and leveraging social media platforms.

KEY TAKEAWAYS

Building a personal brand is important for establishing credibility and recognition in your industry.
Sharing your knowledge and expertise through content creation, such as writing booklets or newsletters, can help attract and engage an audience.
Speaking at events or creating online courses can further establish your authority and provide opportunities for monetisation.
Engaging with your audience through surveys, opinions, and thought pieces can help you understand their needs and tailor your offerings accordingly.
Collaboration and networking with others in your industry can lead to valuable partnerships and opportunities for growth.

BEST MOMENTS

"Your own ecosystem helps you to have a wider network."

"You've got to put yourself out there... if you want to make a million quid a year."

"You probably should be on social media if you want to have a personal brand."

"You need to understand two fundamental things: sales and marketing."

"Give me a story, give me some of you, give me some of the information that you have, but bite-size it."

VALUABLE RESOURCES

https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

Goal Setting

Tue, 16 Jan 2024 00:00:00 -0000

Shaz and Kieron discuss the importance of goal setting, focussing on the need to set big, hairy, audacious goals that scare you and push you out of your comfort zone. They stress the importance of writing down your goals and reviewing them regularly to track progress and make necessary adjustments.

They also highlight the power of affirmations and surrounding yourself with a supportive community, sharing their personal experiences with goal setting and offer practical tips for achieving success.

KEY TAKEAWAYS

Goal setting is important and should be done regularly, not just at the beginning of the year.
Writing down goals makes them more real and increases the likelihood of achieving them.
Breaking down goals into smaller, actionable tasks helps in tracking progress and making necessary adjustments.
Consistency is key in achieving goals, even if it means taking imperfect action.
Building a supportive community and surrounding yourself with positive influences can greatly contribute to goal achievement.

BEST MOMENTS

"Discipline is the ability to continue doing something long after the enthusiasm has left you from the initial start."

"The more I review my goals, the more opportunities I'm giving myself to succeed."

"Imperfect action beats perfect inaction."

"You have to be ruthless and brutal with your goal setting process."

"Compete with yourself and no one else. Otherwise, you're never going to feel successful."

VALUABLE RESOURCES

https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

Why Get Rich Quick Doesn't Work

Thu, 04 Jan 2024 00:00:00 -0000

Shaz and Kieron discuss the concept of getting rich quickly versus getting rich slowly, highlighting the pitfalls of chasing get-rich-quick schemes and emphasising the importance of focusing on long-term wealth building strategies.

They discuss the reasons why get-rich-quick schemes fail, including slim chances of success, unrealistic expectations, high risk, and unsustainable wealth accumulation. They then delve into why getting rich slowly works, emphasising the benefits of compounded returns, risk management, education, financial stability, adaptable financial goals, and improved psychological well-being.

KEY TAKEAWAYS

Getting rich quickly is a pipe dream and rarely works in reality.
Focusing on getting rich slowly is a more sustainable and effective approach.
Many get-rich-quick schemes are high-risk and often lead to financial losses.
Gradual wealth building allows for adaptable financial goals and long-term financial stability.
Education, skill-building, and financial discipline are crucial for successful wealth accumulation.

BEST MOMENTS

"Holistically, get rich quick is a really nice idea and it's a pipe dream."

"Success leaves clues. And if success leaves clues, the clues of success are get rich quick doesn't work."

"The slow accumulation of wealth also generally involves learning new skills, understanding new things, doing the due diligence, doing the deep dive."

"If you grow into it slowly, you'll manage it and all of your habits and your spending ideals will be sustainable."

"Slow wealth building promotes a healthy relationship with money, better understanding, less stress, and more satisfaction in your life."

VALUABLE RESOURCES

https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

Building Blocks to Create Financial Freedom

Tue, 19 Dec 2023 00:00:00 -0000

The team discusses the building blocks that help create financial freedom, emphasising the importance of mindset, discipline, and perseverance in achieving long-term wealth.

Shaz also explores the concept of simultaneous growth, where multiple streams of income and strategic partnerships can lead to exponential growth. He encourages listeners to focus on self-management, have difficult conversations, and prioritise their own worth.

KEY TAKEAWAYS

Building blocks for financial freedom include mindset, discipline, perseverance, and small incremental steps towards wealth.
Financial freedom is subjective depending on personal circumstances, lifestyle choices, and financial goals. It is important to assess one's own needs and create a plan accordingly.
To achieve financial freedom, one must be willing to have difficult conversations, make tough decisions, and step out of their comfort zone. Fearlessness and self-management are key traits to develop in order to overcome challenges and achieve success.
Seeking out partnerships and collaborations can lead to synergy and exponential growth. By finding others who have complementary skills or customer bases, businesses can expand their reach and increase profitability.

BEST MOMENTS

"The more that comes in, the more that goes out up to a certain level."

"Get rich slow."

"Imitation is the sincerest form of flattery."

"Focus on yourself and do that stuff."

VALUABLE RESOURCES

https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

Wealth Magnets

Thu, 07 Dec 2023 00:00:00 -0000

Shaz delves into the concept of Wealth Magnets, beginning by discussing the principles that control the flow and movement of money, such as wealthy philosophy, mental attitude, and behaviour.

Shaz stresses the importance of having a positive mindset, associating with like-minded individuals, and creating value. He also explores the significance of generosity, visibility, and status in attracting wealth.

KEY TAKEAWAYS

Wealth creation starts with having a wealthy philosophy, positive mental attitude, and congruent behaviour. Believing in abundance and taking action are key components of this mindset.
Association with positive and successful individuals can have a significant impact on your own success. Surrounding yourself with people who inspire and support you can help you achieve more.
Creating value is essential for attracting wealth. Focus on delivering value to others and making a difference in your community. The more value you provide, the more valuable you become.
Act with integrity and have no boundaries when it comes to pursuing your goals. Believe that anything is achievable and be willing to put in the effort and take risks to achieve success.

BEST MOMENTS

"Wealthy philosophy, mental attitude, and behaviour form the bedrock and the foundations of wealth creation because it all starts in the mind."

"Act wealthy to attract wealth. Act with integrity, provide value, and be generous. These behaviours will help you attract more wealth in your life."

"Being courageous and taking action is a known wealth magnet which helps you achieve success."

"Ask people for help, support, and different solutions. Most people are happy to share their opinions and help you when you ask."

VALUABLE RESOURCES

https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

How to Create Additional Income

Thu, 30 Nov 2023 00:00:00 -0000

Shaz discusses the importance of creating a second or additional source of income. He highlights the dangers of relying solely on one income stream, whether it be from a business or employment.

Shaz emphasises the need to diversify risk and shares the potential pitfalls of being overly reliant on one key employee or client. He then delves into the strategy of buying a business to create a second income, without using any of your own money.

KEY TAKEAWAYS

Relying on one source of income in a business is risky, as any disruption or loss can have a significant impact on the business's stability and profitability.
Diversifying sources of income is important to mitigate risks and create a more stable financial situation. This can be achieved through investments, buying additional businesses, or creating passive income streams.
When buying a business, it is possible to negotiate deferred payments with the seller, allowing you to acquire the business without using your own money upfront.
Due diligence is crucial when buying a business to ensure that the financial and legal aspects are accurately represented and to avoid any unforeseen liabilities or costs.
Scaling up your business by acquiring multiple businesses in the same sector can lead to increased profitability and cash flow, allowing for further expansion and financial stability.

BEST MOMENTS

"The number one in business is the most dangerous number."

"When you have one big client or customer, then your independence is at risk."

"Increasing the income in one business doesn't always help people create more wealth because most people spend it."

"The answer, I believe to some extent, is to create additional sources of income."

"You now have a business. You now need to be thinking about how do I now scale up?"

VALUABLE RESOURCES

https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

Lease Option Agreements

Tue, 28 Nov 2023 00:00:00 -0000

Shaz delves into the topic of lease option agreements, explaining the concept of a lease and the complexities involved in lease agreements.

Shaz then discusses the potential changes to lease option agreements mentioned in the King's speech, which aim to improve fairness in the housing market. He explores the proposed reforms, such as extending lease terms, reducing ground rent, and increasing transparency in service charges.

KEY TAKEAWAYS

Proposed changes to leasehold agreements aim to improve home ownership for leaseholders by making it easier to extend leases or buy freeholds.
The reforms include increasing the standard lease extension term from 90 to 990 years and reducing ground rent to zero.
The government plans to provide more transparency in lease agreements, including clearer information on service charges and administration fees.
The reforms also aim to empower leaseholders by granting them more rights and access to redress schemes to challenge poor practice.

BEST MOMENTS

"The cost is the cost. And I think most people are generally decent people and they can appreciate that if you want a nice road to drive down into, if you want your parking space kept free of weeds, you want there to be lighting, there to be security, there is a cost involved in that."

"Landlords get labeled as money grabbing, evil, blah, blah, blah. It's always the landlord's problem. It's not the landlord, it's the government. They've forced this into the marketplace, whether it's intended, unintended, don't want to go into that. They've created this situation and then you take responsibility for it."

"I think everyone should be able to get themselves into a position where they can own their own home."

"I don't see that being a bad thing at all. We'll see how that how that comes into effect and the scrapping the presumption for leaseholders to pay their freeholders legal costs when challenging this poor practice."

VALUABLE RESOURCES

https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

A Deep Dive into Due Diligence

Tue, 21 Nov 2023 00:00:00 -0000

Shaz takes a deep delve into the topic of due diligence and its importance in making informed decisions in business, property, and investments. He breaks down the process of conducting due diligence, starting with market analysis and understanding the target audience and industry trends. He also stresses the need to define objectives, assess business conditions, consider legal and tax obligations, and evaluate financial aspects.

KEY TAKEAWAYS

Due diligence is a crucial step in any business or investment, involving thorough research and analysis to gain a comprehensive understanding of the venture.
Market analysis is an important component of due diligence, which includes assessing factors such as target audience, industry trends, and competition.
It is essential to define your objectives and goals for the investment or business, as well as identify your target market and understand their needs and preferences.
Legal considerations, including ownership, contractual agreements, and tax obligations, should be thoroughly examined during the due diligence process.

BEST MOMENTS

"When you're doing your due diligence...you don't have complete and full clarity on absolutely every working aspect of it."

"The more successful people are, the more likely they are to talk to you about things that interest you."

"Success leaves clues. We all do the same sort of things."

"Ignorance is not an excuse, especially when it comes to something that costs you money or something that is going to make you money."

VALUABLE RESOURCES

https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

Myths Regarding Money And Wealth

Tue, 14 Nov 2023 00:00:00 -0000

Shaz and Kieron debunk several myths surrounding money and wealth, looking at the importance of understanding the reality of money and wealth, rather than relying on misconceptions and false beliefs.

They challenge the notion that money is the root of all evil, highlighting that it is the love of money and greed that can lead to negative actions. Shaz also discusses the misconception that all debt is bad, explaining that debt can be a tool for generating cash flow and investing in appreciating assets.

KEY TAKEAWAYS

Money is not the root of all evil: The common phrase "money is the root of all evil" is often misinterpreted. The actual phrase is "the love of money is the root of all evil." Money itself is just a tool and how it is used depends on the individual's values and mindset.
It's not about the amount of money you have, but how you manage it. Good debt, strategic investments, and wise financial decisions can help you grow your wealth and achieve financial success.
Waiting for the perfect moment to invest or take action may lead to missed opportunities. Instead, focus on making informed decisions and adapting as needed. Timing is not always crucial, and it's better to start sooner rather than later.
While cash provides liquidity, it may not generate significant returns. Investing in assets that generate cash flow or appreciating assets can be more beneficial in the long run, even if they are less liquid.

BEST MOMENTS

"Money isn't the root of all evil, that is a myth."

"Money exaggerates who you are, if you're a nice person, you'll become an even nicer person."

"Money can't buy happiness, it can only buy temporary moments of happiness."

"Debt, like money, is a tool. If used correctly, it can be used to generate cash flow and appreciating assets." VALUABLE RESOURCES

https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

Building Intergenerational Wealth

Thu, 09 Nov 2023 00:00:00 -0000

Shaz and Kieron discuss the importance of building intergenerational wealth, highlighting the misconception that intergenerational wealth is only for the rich and emphasising the need for everyone, regardless of their wealth level, to consider passing on their wealth to future generations.

They discuss the alarming amount of lost money in the UK, estimated at £50 billion, due to a lack of communication and planning around intergenerational wealth, and stress the importance of having open conversations with parents and grandparents about their assets and investments to avoid unnecessary taxes and missed opportunities.

KEY TAKEAWAYS

Building intergenerational wealth is important for everyone, regardless of their current wealth level.
It is crucial to have open and honest conversations about finances and inheritance with parents and grandparents.
Failing to have these conversations can result in significant tax implications and the loss of potential wealth.
To start generating intergenerational wealth, it is important to have the right financial mindset and educate oneself on financial strategies.

BEST MOMENTS

"If you don't talk about it, you're going to pay a lot of tax."

"There's an estimated 50 billion pounds of lost money in the UK."

"The more you give, the more you gain."

"Just because you like doing one thing, your children might like a completely different thing."

VALUABLE RESOURCES

https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

All About Habits

Tue, 07 Nov 2023 00:00:00 -0000

The team delve into the topic of habits and how they can be a game changer in one's life., focussing on how habits are often associated with negative connotations, but emphasising the importance of recognising and cultivating positive habits.

They also explore the process of creating and changing habits, highlighting the need for personal motivation and choice, and stress the significance of having a structured routine and the benefits it can bring, such as increased productivity, enhanced mental well-being, and improved personal growth.

KEY TAKEAWAYS

Habits can have both positive and negative connotations, but it's important to focus on creating and maintaining good habits.
When creating a new habit, it's crucial to have a genuine desire and inner motivation to make the change.
Start with achievable goals and small habits, gradually increasing them as your discipline and ambitions grow.
Consistency and tracking your progress are key to forming and maintaining habits.

BEST MOMENTS

"Habits are both good and the thing is when someone says habit to you or the wider community, wider world, a lot of the time it comes with a negative connotation."

"If one's looking to change a habit or create a new habit, is you have to realise that you really want to do it."

"I think everyone should choose to actively control their routine rather than let their, because life is what happens regardless whether you choose it or whether you don't."

"Because once you've got a process and you follow the process, then you're more likely to get consistent results."

VALUABLE RESOURCES

https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

A Brief History Of Money

Mon, 23 Oct 2023 23:00:00 -0000

Shaz and Kieron delve into the origins of money and its evolution throughout history, focussing upon the importance of understanding the history of money in order to gain valuable insights and lessons that can be applied to various aspects of life.

From the barter system to the development of standardised coins and the transition to fiat money, the team explore how money has been used as a means of exchange and a tool for wealth creation, and discuss the concept of money as a tool and how it can be used to invest, accumulate wealth, and achieve financial goals.

KEY TAKEAWAYS

Understanding the history of money is important because it provides insights into the fundamental concepts and principles that still apply today.
Money is a tool of wealth, not wealth itself. It is a means of exchange and should be used strategically to acquire assets and investments.
Throughout history, money has evolved from the barter system to standardised coins, paper money, and now digital currencies.
The value of money is based on trust and credibility in the institution that issues it, as opposed to being tied to a specific commodity like gold.

BEST MOMENTS

"Money isn't wealth. Money is a tool. It's a tool of wealth."

"Money as the root of all evil, the love of money as the root of all evil. Money doesn't exist. It's an inferred value."

"If you understand what money is, then you can start looking at it slightly differently."

"Money is a means of barter. It's a means of exchange. It's a tool to get you from point A to point B in a more efficient manner."

VALUABLE RESOURCES

https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

The Importance Of Teaching Children About Finances

Wed, 18 Oct 2023 23:00:00 -0000

Shaz and Kieron discuss the importance of starting financial education at a young age and how it is often overlooked by society. They emphasise the need for parents to teach their children about finances, including concepts like saving, spending, giving, and investing. They also highlight the benefits of early financial literacy, such as making better financial choices, being more confident and competent with money, and developing a mindset of investing and saving.

KEY TAKEAWAYS

Starting financial education at a young age is crucial for children to make better financial choices as adults.
Parents should set a good example by managing their own finances responsibly and involving children in financial activities and decision-making.
Open conversations about money should be encouraged, creating a safe space for children to ask questions and learn about finances.
Teaching the difference between needs and wants helps children develop financial discipline and make informed choices about spending and saving.

BEST MOMENTS

"Children who receive a financial education in the early years tend to make better financial choices when they become adults."

"Money doesn't grow on trees. We're working to pay the bills."

"If you invest right, you'll get a much better return."

"I think the key difference is financial discipline."

VALUABLE RESOURCES

https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

Basics Of Wealth

Mon, 16 Oct 2023 23:00:00 -0000

Shaz discusses the foundations of creating wealth, exploring its very concept, with different perspectives on what it means to different people. The episode focusses on the importance of patience, perseverance, and staying on course in order to achieve financial goals.

KEY TAKEAWAYS

Take the time to track your income and expenses in detail to gain a clear understanding of your financial situation.
Continuously work on personal development and education to improve your mindset, skills, and knowledge, which will ultimately lead to greater success and wealth.
Surround yourself with positive and knowledgeable individuals who can support and inspire you on your wealth creation journey.
Be comfortable talking about money and work on removing any negative stories or beliefs you may have about wealth and money.

BEST MOMENTS

"Creating wealth isn't something that happens overnight. It happens one step at a time, one activity at a time, one day at a time."

"Building wealth is a mindset. Once you get the mindset right, then everything else follows in situ one by one."

"Track all of your expenditure line by line. Once you can list out everything that comes in and what's going out, you can then budget and manage properly."

"Surround yourself with the right people who are positive and who know about things that you want to know about."

VALUABLE RESOURCES

https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

Marketing And Wealth

Wed, 11 Oct 2023 23:00:00 -0000

Shaz and Kieron delve into the world of marketing and how it can be used to create wealth. They discuss the misconceptions surrounding marketing, focussing on the fact that it is simply a transfer of information and a way to satisfy customers' needs. They highlight the importance of understanding one's target audience and crafting compelling copy that evokes emotions.

KEY TAKEAWAYS

Marketing is about exchanging value: Marketing is not about scams or deception, but rather about providing something of value to customers in exchange for their money. It is a transfer of information and a way to satisfy customers' needs.
Marketing is about mindset: Marketing is not just about promoting products or services, but also about creating a mindset in others. It is about influencing people's thoughts, beliefs, and behaviours to align with your own.
Good copywriting is essential in marketing. It is important to spend time crafting compelling headlines and copy that evokes emotions and resonates with your target audience. The right words can make a significant impact on the success of your marketing efforts.
It is important to track and measure the response to your marketing campaigns. This includes monitoring open rates, click-through rates, and other metrics to understand what is working and what needs improvement.

BEST MOMENTS

"Marketing is just a passing of knowledge. It's a transfer of information, but it's also, when you get deep into it, it's more about human psychology."

"Marketing is all about mindset and creating a mindset in others. My mindset is the growth mindset, wealth mindset, all the rest of it"

"Marketing is about delivering and exchanging value that satisfies somebody else's needs that you hold and they want. It's a fair and honest exchange."

"You've got to spend your money to make sure you get some kind of return. Marketing is just another form of communication and it's about delivering and exchanging value that satisfies somebody else's needs."

VALUABLE RESOURCES

https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

A Brief History Of Tax

Wed, 27 Sep 2023 23:00:00 -0000

Shaz and Kieron delve into the complex and often misunderstood world of taxes, discussing the various factors that determine how much tax an individual should pay, and highlighting the importance of understanding one's specific situation and goals.

KEY TAKEAWAYS

The tax system is complex and poorly understood, requiring the expertise of professionals to navigate effectively.
There are numerous tax reliefs, exemptions, and allowances available that can significantly reduce one's tax burden if utilised properly.
It is within an individual's rights and obligations to structure their tax affairs in a way that minimises their tax liability, as long as it is done legally and in accordance with the tax code.
The tax system is not a level playing field, as those with access to information and expert advice can benefit more from tax planning and optimisation.

BEST MOMENTS

"I think every question, the answer to every question should start with it depends."

"No wonder so many people are struggling… It's just… a lot of tax."

"A good tax expert should save you more than they charge you."

"If you've got enough money to invest in someone that knows the tax code, you can be more efficient."

"It's not a level playing field… One person has access to information, the other doesn't, so that person benefits."

VALUABLE RESOURCES

https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

Good Debt and Bad Debt

Mon, 25 Sep 2023 23:00:00 -0000

Shaz and Kieron discuss the concept of good debt and bad debt, exploring the difference between the two and provide their own perspectives on the matter.

They highlight that debt can be viewed differently by individuals based on their personal beliefs and values, and discussing various types of debt, including mortgage debt, student loans, and business loans for growth, which they consider to be examples of good debt.

KEY TAKEAWAYS

Good debt can be beneficial in the long term, such as mortgage debt that allows for property ownership and potential appreciation.
Student loans can be considered good debt as they enable individuals to obtain higher education and qualify for higher-paying jobs.
Business loans for growth can be a form of good debt, as they provide funding for investments that can lead to business expansion and increased profitability.
Bad debt includes high-interest credit card debt used for non-essential purchases, payday loans with exorbitant interest rates, and non-asset backed personal loans used for frivolous expenses.

BEST MOMENTS

"The truth's somewhere in the middle, like most things."

"If you're taking a loan to meet your expenditure, there's a problem."

"It is akin to indentured servitude. It is modern slavery."

"I would rather pay twice as much for something when I can afford it, than pay half as much for it when I've got to put it on debt."

VALUABLE RESOURCES

https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

Cash vs Card

Wed, 20 Sep 2023 23:00:00 -0000

The team delve into the topic of money, specifically cash and its potential decline in our society. They explore the concept of a cashless society and discuss whether cash still holds value and has a place in our modern world.

They also touch on the benefits of cash, such as privacy, accessibility, and control, while acknowledging its drawbacks, including the risk of theft and the environmental impact of producing physical currency.

KEY TAKEAWAYS

Cash provides privacy and control over one's finances, as transactions are not easily traceable and can be kept confidential between the parties involved.

Cash is accessible to everyone, regardless of their access to banking services or personal preferences. It allows for inclusion and is widely understood across different cultures and countries.

Cash transactions can be faster and more efficient compared to card transactions, especially for smaller purchases. It eliminates the need for card readers, PINs, and potential technical issues.

Cash can help prevent fraud, as there is less risk of unauthorised transactions or identity theft. However, it can also be more susceptible to theft or loss if physical cash is stolen.

BEST MOMENTS

"Cash came along and then everybody agreed that this has an implied value and then it just made transactions so much easier."

"Cash is diminishing… The amount of places I go to says card only."

"Cash is king… Cash flow is king."

"Cash promotes inclusion… It doesn't matter where you go, people understand cash."

VALUABLE RESOURCES

https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

AI In Business

Mon, 04 Sep 2023 23:00:00 -0000

In this episode of Wealth Made Simple, the team discuss the impact of artificial intelligence (AI) on businesses and wealth generation. They explore the different levels of AI, from narrow AI to generative AI, and how companies are already using automation and AI tools to enhance their operations and add value to their customers.

KEY TAKEAWAYS

AI is a powerful tool that can benefit businesses and individuals in various ways, including automation, data analysis, and streamlining processes.
Companies that embrace AI and invest in the right technology can gain a competitive advantage and enhance their business operations.
AI can provide access to a wealth of information and research, allowing individuals to learn about different industries and make informed decisions.
The success of AI depends on the quality of data and the questions asked. Good data and specific, well-formulated questions lead to better results.

BEST MOMENTS

"What AI does is it gives you speed and to some extent, accuracy, which is obviously improving, and it gives you a higher level of outcome."

"If you ask, for example, what is a piece of paper? A piece of paper is an item that you buy from a shop. Well, I should have been more specific in my question."

"I can print off a grade A paper that's not gonna be a grade A paper. I can print off a grade A paper. That's easy. That doesn't take any work."

"AI is gonna be one of the first things I see in this world that has to be globally maintained and globally authenticated, globally policed."

"AI is a fantastic tool. Anyone can start at any one time, and you can use this to benefit your organization. And embrace it."

VALUABLE RESOURCES

https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

AI: Different Levels

Wed, 30 Aug 2023 23:00:00 -0000

In this episode of Wealth Made Simple, Shaz and Kieron delve into the fascinating world of AI (Artificial Intelligence). They begin by dispelling common misconceptions about AI, such as the fear of robots taking over, and provide an overview of the different levels of AI, from narrow AI to artificial superintelligence.

KEY TAKEAWAYS

AI encompasses various levels of intelligence, ranging from narrow AI to artificial superintelligence. Narrow AI refers to AI systems designed for specific tasks, while artificial superintelligence represents AI systems with human-like cognitive abilities.
The potential benefits of AI are immense, including solving complex problems, advancing scientific research, and revolutionizing society. However, there are also ethical concerns and risks associated with the development of superintelligence.
Narrow AI is the current level of AI that exists, and it is highly specialized and limited to specific tasks. Examples include voice assistants like Siri and Alexa, as well as chatbots and spam filters.
AI can be a valuable tool for reducing research time and improving productivity and efficiency. However, it is crucial to sense check and verify the information provided by AI, as it can generate false or inaccurate results if not properly trained or guided.

BEST MOMENTS

"Superintelligence will be able to outsmart humans. It will be able to outmaneuver us."

"It can solve world problems the way that we solve a child's problems."

"It will just increase overall in every industry the efficiencies within our workplaces and jobs."

"The future holds a complete idea of growth around all of this and it will just continue to grow."

VALUABLE RESOURCES

https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

Bankruptcy

Mon, 28 Aug 2023 23:00:00 -0000

In this episode of Wealth Made Simple, we delve into the topic of bankruptcy, discussing its implications for both individuals and companies. We highlight the importance of exploring all available options and seeking help as a responsible approach to one's financial situation.

KEY TAKEAWAYS

Bankruptcy is a legal status that individuals and companies can apply for when they are unable to repay their debts within the UK. It is often seen as a last resort for insolvent entities that cannot meet their financial obligations.
When someone files for bankruptcy, they usually do so voluntarily by submitting a petition to the court. The court assesses their financial position and if deemed insolvent, a trustee is appointed to oversee the bankruptcy process. The trustee's role is to manage the debtor's assets and distribute them among the creditors.
Bankruptcy has significant consequences, including the sale of assets to repay debts, restrictions on obtaining credit or starting new businesses, and potential consequences for directors in holding similar roles in other companies in the future.
Bankruptcy should not be taken lightly and seeking professional advice is essential. Exploring all available options and understanding the implications of each option is crucial before making a decision.

BEST MOMENTS

"Bankruptcy is a legal status that you can apply for when you are unable to repay your debts within the UK."

"Bankruptcy is a very serious step. And I would say anyone that's looking into this seek professional advice."

"Bankruptcy provides a fresh start by eliminating most of your unsecured debts, such as credit card debt, medical bills, personal loans, things like that."

"Being bankrupt is a whole new start. It's going to be hard. It's going to hurt. And it's not something you necessarily want to experience at all."

VALUABLE RESOURCES

https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

Starting In Business

Tue, 22 Aug 2023 23:00:00 -0000

In this episode of Wealth Made Simple, we discuss the process of starting a property business or any business in general. The focus is on beginner-friendly strategies, steps to take when venturing into entrepreneurship, and the potential rewards and the ability to pursue one's passion in the long run.

KEY TAKEAWAYS

Decide to start: Many people have good business ideas but never take action. The first step is to make the decision to start and take action towards your goals.

Define your goals and strategy: Before diving into a business, clarify your objectives and what you want to achieve. Choose a business or property strategy that aligns with your interests and passion.

Conduct thorough research: Understand the market you are entering and gather information about competitors, industry trends, and potential risks. This will help you make informed decisions and develop a deeper understanding of your chosen field.

Create a comprehensive business plan: Develop a detailed plan that outlines your objectives, financial projections, marketing strategies, operational processes, and a roadmap for the future. Having a well-defined plan will guide your actions and make it easier to track progress.

BEST MOMENTS

"A lot of the time we talk about these big property or big business ideas and they're not necessarily beginner friendly."

"Getting into business and starting a business, being an entrepreneur is a lot of work."

"Decide you want to start. Just decide you want to start."

"It's got to be something you love. It's got to be something you're going to enjoy doing because you're going to be at this a long time."

"Everything you are planning on doing, everywhere you want to go, every goal you want to achieve, I can almost guarantee that somebody will have done it before."

VALUABLE RESOURCES

https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

Grade II Listed Buildings

Mon, 14 Aug 2023 23:00:00 -0000

Shaz talks about Grade 2 listed buildings. Host Shaz Nawaz, an award-winning chartered accountant and property investor, shares his love for these historic buildings and dispels the notion that they are overly complicated to work with. He emphasises the beauty and architectural significance of Grade 2 listed buildings and highlights the potential investment opportunities they offer.

KEY TAKEAWAYS

Grade 2 listed buildings offer a unique investment opportunity due to their historical and architectural significance. They can be attractive to buyers and renters alike.

Working on grade 2 listed buildings requires a different approach and careful consideration of the building's infrastructure and features. It is important to work closely with the local authority and obtain listed building consent before starting any work.

The maintenance of grade 2 listed buildings should be factored into the costs. Using the right materials and ensuring compliance with regulations is crucial. Ignorance is not an excuse, and failure to comply can result in costly consequences.

Grade 2 listed buildings may not be able to meet the government's energy efficiency requirements, such as achieving an EPC rating of grade C by 2028. Exemptions may be possible, but it may require compensating in other areas to meet the overall energy efficiency standards.

It is advisable to work with experienced professionals, such as specialist builders or mentors, when working on grade 2 listed buildings. Their expertise can help navigate the unique challenges and ensure a successful project.

BEST MOMENTS

"They don't make them like they used to, Shaz."

"You've got to make sure you get listed building consent before you start work and make sure you know what you can, what you can't change."

"Sometimes the big stuff is you think here there's no real reason, you know, but most of the not, to be fair to councils, most of them are the eye-finding exposure with both for my clients and myself."

"But if you're going through a grade two listed building, some things you can't change. Key features like the windows a lot of the time, you can't change doors, you can't change."

"Enjoy the competitive advantage you get of being one of the few people that will go through great listed greater listed buildings and look to work with them, work on them."

VALUABLE RESOURCES

https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

Making The Most Of Your Day Job

Wed, 09 Aug 2023 23:00:00 -0000

In this episode of Wealth Made Simple with Shaz, the focus is on maximizing the potential of your full-time job. Host Shaz Nawaz emphasises the importance of finding a balance in life that includes financial stability, physical and mental health, and personal fulfillment. He encourages listeners to assess their job satisfaction and align their work with their core values and interests.

KEY TAKEAWAYS

Find a balance in your job that aligns with your core values and brings you fulfillment. This includes doing something you love and that aligns with who you are as a person.

Set goals for yourself within your job and work towards them. Define short-term and long-term goals, and establish milestones to track your progress. Take initiative and seek opportunities for growth and development.

Work hard and work smart. While working hard is important, it's equally important to work smart by being efficient and effective in your tasks. Continuously learn and improve your skills to increase your value and earning potential.

Take initiative and add value to your job. Connect with the right people and build relationships with those in leadership positions. Show your commitment and consistency in your work, and be willing to go above and beyond to contribute to the success of the company.

Manage your time effectively and prioritize your tasks. Balance your job responsibilities and personal commitments, and strive to be punctual and reliable. Celebrate your achievements and those of others, and create a positive and supportive work environment.

BEST MOMENTS

"The possibilities are numerous once you decide to act and not react." - George Bernard Shaw

"The harder you work, the more you should earn."

"Commitment is doing the thing you said you would do long after the mood you set it in has left you."

"Working hard is important. Good work ethic is just a good way to be."

"The more you learn, the more you can earn."

VALUABLE RESOURCES

https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

An Important Question To Ask

Mon, 07 Aug 2023 23:00:00 -0000

Shaz discusses the importance of asking the right questions when buying a property, whether it's for investment or personal use. He emphasises the need to go beyond simply liking a property and delves into the research and inquiries that should be made to ensure a successful purchase.

KEY TAKEAWAYS

When buying a property, it is important to ask the right questions to gather necessary information. This includes asking about the seller's motivation for selling, how long the property has been on the market, and if there have been any price changes.

It is beneficial to research the local area and any development plans or planning applications that may affect the property.

In commercial properties, consider breaking up the space to attract multiple tenants and increase rental income. Additionally, explore options such as service offices or shared offices to optimize space utilization.

Negotiating lease agreements with potential tenants requires careful consideration of factors such as rent, tenure, break clauses, who pays for what, planning permission, and insurance.

It is important to ask about any potential issues with the property, such as damp problems, neighbors, energy efficiency, water pressure, and parking availability. Additionally, clarify what is included in the sale to avoid any surprises.

BEST MOMENTS

"A good negotiation is one where both parties walk away unhappy."

"You can't rip somebody off if you're saying I'm selling this pen for a pound, I'm saying I'll give you 50 pence and you agree to sell it."

"If you can get a good deal that works for both of you, you've probably got it about right."

"You need to run the numbers. What are your outgoings on that property? What profit yield are you getting?"

"Ask the seller if they've already bought a new home or found a new home because that can delay the process."

VALUABLE RESOURCES

https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

Comfort Zone

Wed, 02 Aug 2023 23:00:00 -0000

We often hear that in order to achieve real success and grow, we need to step outside of our comfort zones - but where do the boundaries lie? In this episode, Shaz talks about why it's vital to know where your comfort zone is, and how to get the best from stepping outside.

KEY TAKEAWAYS

Your comfort zone is the habitual zone in which you spend your time - it is where you feel most at ease and you have mastery over all that you do.
If you stay in your comfort zone, you remove the special growth you can find in variation. It's fine to be happy there if that's what you want, but if you want to grow, you have to move.
Even small, incremental changes can provide huge wins. You don't have to radically change your life - just look for small ways to improve.

BEST MOMENTS

'Anything that's new, different, challenging, that takes you outside of your comfort zone, makes you afraid and fearful'

'They've found what really works for them, They have peace'

'That's the exception rather than the rule'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

What Is Wealth?

Mon, 31 Jul 2023 23:00:00 -0000

Many believe that wealth simply involves accruing the largest amount of money, but as Shaz discusses in this week's show, there might be more to the definition than you may think.

KEY TAKEAWAYS

You tend to see wealth depending on what your definition of success is in the first place. Some define wealth in terms of the freedom and happiness they have.
Money is only one part of achieving wealth. The real definition is the freedom we attain through life and the things it allows us to do.
Wealth means having the opportunities to follow the paths we want, and the reduction of the challenges that stand in our way.

BEST MOMENTS

'Everything has a bit of a grey area'

'Wealth is very personal'

'If I never have to worry about anything again, then I am wealthy'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Generalisations

Wed, 26 Jul 2023 23:00:00 -0000

There are many generalisations and stereotypes out there, with certain assumptions made about the state of things - but why do we do it? In this episode, Shaz and Kieron explain why generalisations are so often used.

KEY TAKEAWAYS

Generalisations and assumptions are a shortcut way for our brains to understand something. If we have a starting point about what to think, it gives us a starting point.
If we subconsciously drift through our days and use generalisations as our pathfinders, we fail to take advantage of the many opportunities that await.

BEST MOMENTS

'The speed of thought is faster than you think it is'

'It depends on how we perceive somebody and see them'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Exit Planning

Mon, 24 Jul 2023 23:00:00 -0000

Shaz discusses exit planning, and how it is one of the most important parts of not just closing out your time in a business, but also one of the fundamental parts of setting up a business at the beginning.

KEY TAKEAWAYS

Exit planning is the act of thinking about how we will move on from what we are doing. This means setting in place a time frame, and a methodology for doing so.
Many do not consider the perfect exit, because it seems so far away. However, if you have the end goal in mind from the beginning, you can better shape the future for yourself.
Designing the perfect exit means learning how to maximise the value of your business, eliminate the parts that don't work, and ensure that it can be a profitable concern for someone else, going forward.

BEST MOMENTS

'How do I now pass this on to the next generation?'

'It's a bit like handing your notice in'

'How do we strategically get to the end goal that we set in the leanest, quickest, best way possible'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Why You Need A Power Team

Wed, 19 Jul 2023 23:00:00 -0000

We often hear the term "power team" when it comes to property investing, but what does it mean, and how can assembling a power team do for your investing path to success? In this episode, Shaz breaks down everything you need to know about putting your power team in place!

KEY TAKEAWAYS

You can't possibly know everything when it comes to property investing, so surrounding yourself with a reliable group of people with specialised skill sets allows you to empower yourself in every aspect.
Property relies on large transactions to work. it's a complicated process. Therefore, why would you NOT want to surround yourself with the best information, and the most efficient ways of working?
The best way to find the best people is through referrals, and asking the right questions to the right people. Quality will make itself known.

BEST MOMENTS

'You don't know what you don't know'

'There are people out there, and are specialists in the areas you don't know'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

The Property Economy

Mon, 17 Jul 2023 23:00:00 -0000

Shaz discusses the state of the economy in the property sector, and how the inflation rises and interest rates are affecting investors and homeowners in the UK today.

KEY TAKEAWAYS

Printing money in order to prop up the economy will always have after effects, and inflation is demonstrating that for us all right now.
The economy is non-reactive in terms of when something happens, the effects can sometimes not be felt until much later, when the impacts land more unexpectedly.
Don't look at the short term, be cautious, sensible and think about the long term effects of any financial decision you make. In the end, property will always go up in value in the long term.

BEST MOMENTS

'What goes up must come down'

'In 2016 we were still feeling the effects of the 2008 property crash'

'Be more cautious and sensible'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Changing Your Mind

Wed, 12 Jul 2023 23:00:00 -0000

People should be more open to changing their minds when it comes to business, and in this episode, Shaz tells you why that's a good thing.

KEY TAKEAWAYS

In almost all cases, there's a better way of doing something. If we have a closed mindset, then we will fail to take advantage of these opportunities.
if you have an open mindset about improving and doing things in a better way, you will allow yourself to broaden your horizons.
Businesses that proclaim that their practices are ingrained because they've "always done things this way", can often find themselves at a loss when asked to explain why this is.

BEST MOMENTS

'The best one is "my business is different"'

'Nothing before the word "but" ever really matters'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Scaling Your Property Business

Mon, 10 Jul 2023 23:00:00 -0000

Shaz discusses what it takes to drive growth in your property business, scale to the next level, and achieve the life-changing results you want.

KEY TAKEAWAYS

Growth begins with a stripped back view of the essentials and basics in your property empire. Sometimes, the layers we add along the way can obfuscate the view we need to have.
Implement systems and processes that will allow your business to operate without you in it. If that can take place, then you can focus on the growth while the profits still roll in.
Business owners and entrepreneurs are people who work incredibly hard and diligently, but they also work as smart as possible. Never waste effort.

BEST MOMENTS

'We start with the foundations'

'You need to have a cookie-cutter process'

'Make the best use of every moment that you have'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Growth Mindset

Wed, 05 Jul 2023 23:00:00 -0000

Shaz discusses the growth mindset you need in order to take the best advantage of every learning opportunity the world provides.

KEY TAKEAWAYS

As we continue to grow and develop in the world around us, it helps if we consciously activate our growth mindset and see everything as a learning opportunity.
When you don't know enough about something, you can feel as though you know enough to do enough, which prevents you from growth.
When we transform and grow in terms of mindset, the changes come thick and fast. It's not an overnight process. It takes longer than we may believe.

BEST MOMENTS

'Having a growth mindset will help you evolve within yourself'

'You know enough to be dangerous'

'The more you learn, the more you realise the less you know'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Money Traits - Part 3

Mon, 03 Jul 2023 23:00:00 -0000

Shaz talks once more about the traits that attract money, including renting and why a mindset shift is required, and how to effectively manage your credit levels.

KEY TAKEAWAYS

People aspire to owning their own property and to add property to their legacy and assets list. Shifting from owning to renting seems like a backward step, but it doesn't have to be.
If the numbers work, then renting a home while leasing out your bought home to pay bills is a strategy that should definitely be considered.
Paying off credit and lowering the amount of interest you have to find each month will save you huge sums every year.

BEST MOMENTS

'This is a big mindset shift for a lot of people'

'This can make a difference of thousands of pounds'

'Money likes adaptability'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

The Importance Of Research

Wed, 28 Jun 2023 23:00:00 -0000

Shaz discusses the value of thorough research, and why we should always do our due diligence and put the effort in when it comes to fact finding in the modern world.

KEY TAKEAWAYS

People seem to spend as little time as possible in gaining the answers they seek, largely due to the internet and free access to information. But we should always be doing our due diligence when it comes to fact finding.
Effort should always be applied to any task. You have to put in the hard graft when you want to increase your knowledge base.
Research is like anything - once you've applied yourself a few times, it gets much easier. Once you know where to look, the shortcuts begin to appear.

BEST MOMENTS

'You can't short cut these things'

'Most importantly, look at the history of property investing'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Money Traits

Mon, 26 Jun 2023 23:00:00 -0000

Shaz continues to talk about the traits that attract money, and how you can manifest more wealth by instilling these traits within yourself.

KEY TAKEAWAYS

Although money does not have a consciousness or a spirit of its own, it does flow, and it does so for a very specific set of reasons.
Money is a consequence of doing the right things at the right time, in the right way. Success leaves clues.
Never make money your master. Use it as a tool, and as a means of exchange, but never find yourself in the position of worshipping money.

BEST MOMENTS

'Property likes money and property takes money'

'Money is consistent in the way that it behaves'

'Success leaves clues'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Traits Money Likes

Wed, 21 Jun 2023 23:00:00 -0000

Shaz discusses the traits that we should encourage within ourselves and our business dealing, that will attract money in a fundamental way.

KEY TAKEAWAYS

Money is a case of mindset. If you believe that you are bad with money, the likelihood that you will be bad with money increases.
Money likes people who work with speed - who are decisive, can make decisions effectively, and who work dynamically.
Money is far more attracted to those who fulfil their promises. Don't just sit there and talk about what you might do - get out there and do it!

BEST MOMENTS

'Money doesn't have a mind of its own, but it does follow particular paths'

'We're following the path of information'

'Some people are afraid of making money'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Goldmine Area

Mon, 19 Jun 2023 23:00:00 -0000

Shaz discusses the Goldmine Area - what it means, why you should always be on the lookout for one, and how to tell if the location you've chosen has the potential to make you very wealthy.

KEY TAKEAWAYS

A goldmine area is a location that, for you, has excellent potential for property investment, and could provide the key to unlocking real financial gains.
People sometimes misunderstand why they need a goldmine area. Investing in the right goldmine area for you, can lead to your investment in an area that has potential for capital growth.
If you have a strategy that requires a certain locale, such as student accommodation, then there's little point in investing far away from places of learning. Do your due diligence and investigate beforehand.

BEST MOMENTS

'You did read my mind, and possibly my notes...'

'There are a number of benefits of knowing your goldmine area'

'This capital growth can generally be realised in one of two ways'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Moral Landlords

Wed, 14 Jun 2023 23:00:00 -0000

Shaz discusses the all-important moral boundary line that all landlords should try to adhere to when it comes to relationships with their tenants.

KEY TAKEAWAYS

Many think that landlords are the ones raising rents to unreasonable highs, when in reality they are simply following the government's plans when it comes to pricing and taxation.
Professional investors make their entire income through their portfolio. If it becomes unprofitable then prices must be adjusted accordingly in order to remain profitable.

BEST MOMENTS

'Property investors don't set the price. The market sets the price'

'Property is a business. For a lot of landlords it's their only form of income'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Top Tips For Property

Mon, 12 Jun 2023 23:00:00 -0000

Shaz presents a range of hot property tips designed to help you dynamically improve your investment chances!

KEY TAKEAWAYS

Rather than focussing on houses in your chosen investment area, focus also on flats. They're cheaper, easier to rent out, and have a better return on investment.
Landlords aren't always distant and aloof when it comes to their tenants. They often want to build a working relationship to provide the best outcome for both parties.

BEST MOMENTS

'Focus on flats to get on to the property ladder'

'Most people tend to get to know their tenants'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Money Mindset

Wed, 07 Jun 2023 23:00:00 -0000

Shaz talks about the value of a money mindset - how it can empower you, and how it can alter the relationship we have with money, and use it to build lasting wealth.

KEY TAKEAWAYS

We need to fundamentally alter the way we think about money. We often think of it as a resource that refills once per month when our salaries arrive.
If someone is wealthy, there seems to be a tendency to believe that the money came from a disreputable source. This promotes a negative money mindset.
By placing negative connotations about money, we turn it into a thing to feel shame about. Money is a positive thing, and the ways that people accrue it are none of our business

BEST MOMENTS

'A lot of people have an odd relationship with money'

'What's important is building a habit'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How I Evaluate Investments

Mon, 05 Jun 2023 23:00:00 -0000

Shaz discusses the key factors he considers when it comes to evaluating a potential property investment, including analysis of cashflow and return on investment.

KEY TAKEAWAYS

When it comes to commercial conversions, the first consideration must be the purchase price. If you are overpaying for a property, you are not going to lose out if the area is in high demand.
When looking to buy a property, it's crucial to look at ways to add value right from the outset. When you add value, that's when you make the biggest gains.
When buying a property, spend a considerable time researching and try to buy below market value. Motivation on the seller side is key..

BEST MOMENTS

'If you pay too much for a property then you're on the back foot'

'I would look at the positive cashflow first'

'Different people sell for different reasons'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Commercial Or Residential

Wed, 31 May 2023 23:00:00 -0000

Shaz explores the commercial strategy to the residential strategy, and explains the many pros and cons of both.

KEY TAKEAWAYS

There are benefits to both strategies. Commercial units are in general, cheaper than residential units, so the barrier to entry is lower.
Residential is the safer strategy, and is the entry point for many investors due to the universe of knowledge out there, and the guidance available.

BEST MOMENTS

'The barrier to entry is lower'

'Hope for the best, plan for the worst'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Commercial Conversion Deep Dive

Mon, 29 May 2023 23:00:00 -0000

Shaz takes a deep dive into the world of commercial conversions - what they are at heart, and how you can maximise a building's potential with your plans.

KEY TAKEAWAYS

A commercial conversion is where you purchase a formerly commercial building and convert it into a number of residential units.
18 months is a sensible time to aim for - for a start-to-finish project, depending on prior approval and permitted development rules.
The more commercial conversions you do, the better you get, and the faster the process becomes. You will start to assemble a crack team of professionals you can count upon to get the job done.

BEST MOMENTS

'There's no hard and fast rule'

'You're in the hands of the Gods, as they say'

'We should call this the A Team!'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

No Money Down

Wed, 24 May 2023 23:00:00 -0000

Shaz talks about the NMD strategy (No Money Down), otherwise known as JV-ing (Joint Venture), which is essentially a way of getting started on your property investing journey without needing any of your own money upfront.

KEY TAKEAWAYS

Many people have money that isn't working for them through traditional means. This means that if you do the work, and they provide the money, a win-win situation can be created for both of you.
Flipping is a trade, and so different benefits and reliefs may apply if this strategy is used. Keeping the flips as a separate entity is generally wise.
The percentage split between you and your investor is something you will both have to decide upon. Choose a figure that works for you but be prepared to negotiate.

BEST MOMENTS

'No money down doesn't mean no money involved'

'A little bit of something is better than a lot of nothing'

'It's hard to convince someone that you know what you're doing if you've never done it before'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Mindset And Niche Strategies

Mon, 22 May 2023 23:00:00 -0000

Shaz discusses some rather more niche strategies used in property investing, such as time management, PBSAs, and nomination agreements.

KEY TAKEAWAYS

You can't always rely on the information you find online. It's far better to take the advice of people with experience, and those you can trust.
PBSA stands for Purpose Built Student Accommodation and will always be more utilised in university and college towns and cities. The benefit is that you can choose your tenants at the same time every year.

BEST MOMENTS

'You don't know what you don't know'

'Most people who do things successfully are happy to give you information'

'Learning every day is important'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Deal Sourcing And Lease Options

Wed, 17 May 2023 23:00:00 -0000

One of the most powerful yet underused strategies in property investing is the Lease Option, a methodology that can give you income from a property before you even take ownership. In this episode, Shaz explains how to use this as a strategy, and also discusses why deal sourcing might be an alternative, viable way to raise cash for your business.

KEY TAKEAWAYS

Finding a viable deal and packaging it as a product to sell to an investor, is a fantastic way of raising cash. You can charge a fee for the packaged deal and even take a commission on what is earned.
A lease option means that you agree to take on the costs of a property on behalf of a landlord, with a fixed term set during which you can purchase the property for a set price. This means that you can essentially rent out the property at a profit and enjoy the capital gain on the property.
The stronger your network is, the better the deals you'll find. It allows you to get to know the players in the game alongside you, and make crucial connections that will allow you to pull the trigger on any deal that comes your way.

BEST MOMENTS

'Deal sourcing is a good way to get started'

'It's a nice entry way for somebody to get into property'

'This is a fantastic learning curve. You learn about what works and what doesn't work'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Commercial Conversions

Mon, 15 May 2023 23:00:00 -0000

Shaz discusses commercial conversions as a property investing strategy - everything from why he favours this particular way of investing, to its strict definition and how to make the most of it.

KEY TAKEAWAYS

Everyone assumes that you need a large cash reserve to get started in property, but this isn't the case, You can find investors and use other people's money.
Commercial conversions are where someone buys a commercial property with permitted development rights, or goes through the planning process, and turns the site into a residential one.
One of the main benefits of a commercial conversion is that it makes full use of a site that may have fallen into disrepair and now takes up valuable space in a town.

BEST MOMENTS

'I love how varied CCs are'

'They all come with their own challenges and enjoyments'

'To bring a building back to life is a really good thing'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Flipping, BRRRRs and Rent-To-Rent

Wed, 10 May 2023 23:00:00 -0000

Shaz continues his deep dive conversation on the subjects of flipping properties, the Buy-Refurbish-Rent-Refinance-Repeat methodology, and how Rent-To-Rent investments really work.

KEY TAKEAWAYS

When investors have more confidence, they could opt for a HMO strategy, in which a larger house is split into several separate units, connected by a communal area.
Serviced accommodation is one of the strategies used by seasoned investors who wish to earn more money, and who don't mind putting in more time.
There are different tax benefits and consequences for trading and investment properties. Always consult a professional who may be able to save you money, or make you money!
Making mistakes in property is natural. Remember that there is no such thing as failure, only lessons that you learn faster and harder.

BEST MOMENTS

'Most people can't get their head around trading and investment for tax purposes'

'Renting to more individuals gives you more cashflow'

'You are going to make mistakes - no bones about it'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Talking about Buy-To-Let, HMOs and Serviced Accommodation

Mon, 08 May 2023 23:00:00 -0000

Shaz deep dives into the many strategies used in property investment, such as Buy-To-Let, HMOs (Houses Of Multiple Occupation) and Serviced Accommodation, along with many more.

KEY TAKEAWAYS

Many people believe that the only route into property is a vanilla one - buying a house, living in it and maybe renting it out. Buying to own or buying to let is where research stops in general.
Property is recognised as the most reliable investment strategy due to its stability, robust forecast outcomes and historic proof of growth.
Stamp Duty Land Tax is a renowned charge upon the homes you buy. With investment property it's good to be aware that there is an additional 3% on the whole lot.
Property investors are sometimes seen as miserly and money-driven. Nightmare tales of landlords are sensationalised and spread, increasing the bad image. But most landlords are wise, resourceful and good people who see their investments as a necessary business, and act on behalf of their tenants at all times.

BEST MOMENTS

'I've been looking at sixteen potential strategies you could implement!'

'Property is one of the most popular investment strategies'

'I've seen people do things that are creative and different'

'Landlords don't set the price of their properties - the market does'

VALUABLE RESOURCES

https://wealthbuilders.co.uk/wealthmadesimple

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

SSAS with Kevin Whelan from WealthBuilders

Wed, 03 May 2023 23:00:00 -0000

Shaz is joined by Kevin Wheelan from WealthBuilders, to talk about SSAS (Small Self Administered Pension Schemes) - how they work, and why it might be a game changer in terms of investing for you. you can find more information from Kevin and his team

KEY TAKEAWAYS

A small self-administered scheme is a type of occupational pension that’s managed independently by a company’s directors.
Like most defined contribution schemes, the employer and/or its members pay contributions, which are all eligible for tax relief. Members can start withdrawing benefits from the age of 55 in the standard way, with the same option of taking 25% as a tax-free lump sum.
SSAS pensions are sometimes also known as ‘family pensions’. This is because non-employee family members can join, and the SSAS can also hold assets in trust and pay benefits to families long after the original members have passed.

BEST MOMENTS

'This is a game changer'

'A pension is something you put into a box and do not disturb'

'Pensions are a dark art'

VALUABLE RESOURCES

https://wealthbuilders.co.uk/wealthmadesimple

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How Did Shaz Get Into Property

Mon, 01 May 2023 23:00:00 -0000

Everyone's story is unique, and in this episode, Shaz talks about his personal route into property investing, and why it's the most viable and reliable investment sector out there.

KEY TAKEAWAYS

As an accountant, Shaz was easily able to identify that his most lucratively successful client base were the ones with property portfolios.
Even if the market is against you, if you hold on for long enough, history has demonstrated that property is always robust and always grows in the long term.
The way to build a robust fortune is to focus on one strategy that works for you and gain mastery over it.

BEST MOMENTS

'I learned one kick 50,000 times'

'Success leaves clues'

'Property always comes around in the cycle'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

SPVs

Wed, 26 Apr 2023 23:00:00 -0000

The show takes a deep dive into SPVs, with Shaz explaining what the term means, our options when it comes to moving money and transferring wealth, and why companies opt to use this measure.

KEY TAKEAWAYS

A special purpose vehicle, also called a special purpose entity (SPE), is a subsidiary created by a parent company to isolate financial risk.
The legal status as a separate company makes its obligations secure even if the parent company goes bankrupt.
The operations of the SPV are limited to the acquisition and financing of specific assets. The separate company structure serves as a method of isolating the risks of these activities.

BEST MOMENTS

'The first thing s bank manager would ask for is security'

'Whether we charge interest or not, it doesn't matter'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

SMART Companies

Mon, 24 Apr 2023 23:00:00 -0000

Shaz explains what a SMART company is, how trusts are involved, and how they can help when it comes to factors such as inheritance tax.

KEY TAKEAWAYS

SMART is a term used by a particular firm to describe a company with other companies involved - the building of a trust.
You need different classes of shares to provide more flexibility in terms of income, create rights to income, and to create voting rights.

BEST MOMENTS

'You have a company, and you have a company beneath'

'You have different classes of shares'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Live Question On Capital Allowances

Wed, 19 Apr 2023 23:00:00 -0000

Live from one of his spellbinding events, Shaz answers a pertinent and important question about the differences between HMOs and SAs when it comes to capital allowances.

KEY TAKEAWAYS

When it comes to serviced accommodation, for all expenditure that you incur, you can reclaim quickly for anything that is fixed to the building that is not an inherent part of the building itself.
Negotiate with your seller when it comes to capital allowances. You have two bites at the cherry: when you first purchase a property, and then when you refurbish the property.

BEST MOMENTS

'For serviced accommodation it is well worth doing!'

'Find out if the previous person has claimed for any capital allowances'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Commercial Conversion and VAT

Mon, 17 Apr 2023 23:00:00 -0000

In this episode, Shaz explains the VAT rates and implications when doing a commercial conversion, and how you can and should remain compliant at all times.

KEY TAKEAWAYS

When doing a commercial conversion, the VAT rate is 5% whether increasing the number of units, decreasing them, or converting a property that has been empty for more than two years.
If you sell a property, you can claim back the VAT, but if you hold onto it, you cannot do this due to the fact that you will be selling a service

BEST MOMENTS

'If you're increasing the number of units, you pay 5% on the increase'

'Reclaim every month because it will give you a c ash advantage'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Commercial Conversions

Mon, 03 Apr 2023 23:00:00 -0000

Shaz deep dives into the commercial conversion strategy - everything from how long the process should take, to the regulations and expectations involved in what can be one of the most lucrative forms of property investment strategy.

KEY TAKEAWAYS

A commercial conversion is the purchase of a formerly commercial property, and its conversion into a set of residential properties, either increasing or decreasing the number units within.
Eighteen months is a sensible time period to aim for when it comes to converting a commercial building into a residential one.
Always be prepared to face a number of regulations, designed to ensure compliancy at every level from governmental departments, including planning.

BEST MOMENTS

'You're in the hands of the Gods, as they say'

'Buying, designing, building, renting out'

'It always takes longer, always costs you more'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Why Investors Fail

Mon, 27 Mar 2023 23:00:00 -0000

Property investing can be one of the most satisfying and most lucrative forms of business - so why then do some fail? In this episode, Shaz breaks down the main reasons why some investors don't make the cut.

KEY TAKEAWAYS

A small contingent of investors make huge sums of money, most find themselves just about making ends meet, while another group fail completely.
Those who succeed are generally in possession of information, guidance and education, so that they can best take advantage of opportunities and situations when the moment is right.
People fail because they don't do enough research. They don't learn enough about the art of investing and fail to see the complexity involved.

BEST MOMENTS

'The ones who are doing well have a good, strong, established business'

'You've got to know what works and what doesn't work'

'Property is not a get-rich-quick scheme'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Rental Yield

Thu, 23 Mar 2023 00:00:00 -0000

In property, you always have to make sure that the numbers add up or a deal might not be worth doing. In this episode, Shaz talks you through rental yield, the first factor you should take into consideration before pulling the trigger on a deal.

KEY TAKEAWAYS

Rental yield is a term used by landlords all the time, but many do not realise what it really means. The gross rental yield of a property is the annual income expressed through a percentage of the property's purchase price or value.
The calculation is as follows: Annual Rental Income divided by the property's value - this is your gross rental yield.

BEST MOMENTS

'Numbers are very important in any business'

'Rental yield offers a useful overview of whether a property is likely to be profitable or not'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

New Tax Rules

Tue, 21 Mar 2023 00:00:00 -0000

Shaz discusses two new important changes to tax regulations, including Option To Tax and the new VAT penalty regime, which may cost you dearly.

KEY TAKEAWAYS

An Option To Tax is when somebody brings a commercial property into the VAT regime, meaning that the costs of refurbishment can be claimed back from HMRC.
From the 1st February 2023, HMRC implemented changes . The first change is that HMRC will stop issuing OTT notification receipt letters.

BEST MOMENTS

'They opt to tax for the property, which means they ask HMRC for the costs of the refurb'

'Make sure that you pay on time!'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Trading and Investment

Thu, 16 Mar 2023 00:00:00 -0000

Shaz talks about the many tax benefits and disadvantages offered when conducting business through either an investment business and a trading business.

KEY TAKEAWAYS

An investment business is where you buy an asset and rent it out or get some form of income from it. Buy to let is investment, whereas commercial conversion is trading.
Deal packaging comes under a trading business, and so is serviced accommodation. The government does not incentivise people to become investors, and so the tax benefits do not work in your favour.

BEST MOMENTS

'Buying a property, holding onto it, renting it out - that is investment'

'The government does not incentivise people to become investors'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Shareholders Agreements

Tue, 14 Mar 2023 00:00:00 -0000

Shaz explains the multifaceted agreements that should be in place between shareholders when varying types of businesses are founded and developed.

KEY TAKEAWAYS

When two parties have a partnership, the LLP files a tax return but each party pays their respective tax bills. You pay individually.
In March or April of 2024, full disclosure must be made at Companies House, meaning that true transparency may be seen by all

BEST MOMENTS

'Corporation tax rates are different to personal tax rates'

'That's why they keep personal tax rates higher'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Structure

Thu, 09 Mar 2023 00:00:00 -0000

Shaz talks about different ways to structure a property investing business, with a focus on limited companies, and why you need to know all about them.

KEY TAKEAWAYS

When a limited company is formed, it appears at Companies House so that transparency can be sought. If secrecy is preferable then a limited company may not be right for you.
Requirements of a limited company include directors, at least one shareholder. The director and shareholder tend to be the same person.

BEST MOMENTS

'If being secretive is important to you then you don't want a limited company'

'The number one benefit of a limited company is you are not personally liable for the debts'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Alphabet Shares

Tue, 07 Mar 2023 00:00:00 -0000

Coming to you specially from a live seminar, in which he answered the burning questions of an audience, Shaz talks about alphabet class shares - how to distribute them, and what they mean.

KEY TAKEAWAYS

Whatever the ratio of ordinary share capital you own, your dividend has to be in line with this - IE: 51% shares of £100,000 means you receive £51,000.
Alphabet shares mean that you can distribute share dividends in a different way. Percentages of A Class shares and B Class shares can be divided up between shareholders.

BEST MOMENTS

'You can have different classes of shares for different people'

'You have to have ordinary share capital'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

First Time Buyers

Tue, 28 Feb 2023 00:00:00 -0000

In this episode, Shaz shares eight important tips you ought to know about as a first time buyer, that'll get you on the property ladder in no time at all.

KEY TAKEAWAYS

Look at the ideal home you want, and plan to buy it at some point in the future. As a first time buyer, the home you want, isn't necessarily the one you can afford at the beginning.
Property investing is a journey. Each purchase and sale is a step on the ladder, and each step takes you higher towards the property you want to end up in.
The higher the deposit, the better your chance of getting lending from a bank, as there will be less risk for them.
Live within your means and stop stretching yourself so thin when it comes to income. Saving money and refraining from going into debt will help you in the long term.

BEST MOMENTS

'Work your way towards something you can afford'

'A bigger deposit means the bank has less exposure. They'll be willing to give you better rates'

'Think carefully about what you can afford'

'Always live within your means'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Holding Companies - Investment Or Trading

Thu, 23 Feb 2023 00:00:00 -0000

What is the difference between a trading holding company and an investment holding company? In this episode, Shaz talks you through the answer to this question.

KEY TAKEAWAYS

A holding company is a limited company including individuals that are shareholders. They may have different companies for different reasons so as to keep their interests separate.
An investment company is where you are buying property and holding onto it. There can be many reasons for this.

BEST MOMENTS

'They want to do property transactions'

'This basically then becomes your holding company structure'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Land Remediation Relief

Tue, 21 Feb 2023 00:00:00 -0000

Shaz explains Land Remediation Relief, including when it is applicable, how it can benefit you, and the regulations you need to watch out for.

KEY TAKEAWAYS

You only get land remediation relief if you are buying a property through a limited company, and if it is going to be a trading business and not an investment business.
If you are an investment business, you cannot claim this relief. It also cannot be claimed if you buy in your own name.

BEST MOMENTS

'If I get a discount to buy this property, then I cannot get land remediation relief'

'It has to be a limited company, and it has to be some form of a trading entity'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

CA Pools

Thu, 16 Feb 2023 00:00:00 -0000

Shaz talks about capital allowance pools and how they work, with a focus on capital allowance and property investing.

KEY TAKEAWAYS

You can claim less than 18% of your plant and machinery pool, but you may not exceed 18% when claiming.
If you don't create a taxable loss, then numbers may be reduced the following year, so it's always wise to claim the full amount where possible.

BEST MOMENTS

'The rate is determined by the government'

'You create a taxable loss and carry it forward'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

SA Company Structure

Tue, 14 Feb 2023 00:00:00 -0000

With serviced accommodation becoming one of the most popular property investing types, Shaz tells you the best way to structure your business and how it operates.

KEY TAKEAWAYS

If you have an LLP and you make £500,000 profit and you don't take any money out of the business, you will pay tax on everything.
If, however, you pay the capital allowances, you will pay no tax on this sum.

BEST MOMENTS

'The bank always asks for the financials!'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Claiming Back VAT

Thu, 09 Feb 2023 00:00:00 -0000

Shaz talks you through the complete process when it comes to claiming back VAT when it comes to property investing and when it most effectively applies.

KEY TAKEAWAYS

Once new units are created, they become zero-rated for VAT purposes, and so any VAT claimed will not need to be repaid.
You cannot reclaim VAT if you are hoping to rent out properties, because you cannot charge VAT on rent itself.

BEST MOMENTS

'Because they've sold the flats they can keep the VAT'

'Rent is an exempt supply'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

New Shareholders

Tue, 07 Feb 2023 00:00:00 -0000

Shaz talks you through the best ways to ensure you remain compliant when bringing new shareholders into your business.

KEY TAKEAWAYS

Shareholders can be created by investing money directly, or by using their own holding company. This creates two holding companies, and adding flexibility to the arrangement.
Holding companies also provide an extra level of protection to you and other shareholders.

BEST MOMENTS

'Now you have two holding companies'

'Can you see the flexibility?'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Company Control

Thu, 02 Feb 2023 00:00:00 -0000

When talking about the control of a company, it can be tricky to decide who requires what in order to retain a controlling interest. In this episode, Shaz explains it all!

KEY TAKEAWAYS

It's wise for the party who wants control to ensure they have 51% of the shares which makes you ahead in voting rights.
Shareholders agreements are vital in order to make sure that when an impasse is reached, progress can be made.

BEST MOMENTS

'You have control of the voting rights'

'It's extremely important to have a shareholder's agreement'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Company Flexiblity

Tue, 31 Jan 2023 00:00:00 -0000

How should you structure your business for flexibility?

Shaz looks at a commercial conversion case study and explains the different company structures and the tax implications

He also shares great advice on having a holding company and why this is the key to flexibility

KEY TAKEAWAYS

Keeping the commercial conversion projects in different companies means they don’t affect each other
Once you have done a transaction close the company down and move the money to the next one
When you close a company after completing a commercial conversion and take the money out you will pay personal tax
If individuals have their own holding company they have the flexibility to do what they want with the cash

BEST MOMENTS

‘With a LLP tax is payable whether the money is taken out or not’

‘There is no personal consequence from loaning between companies’

‘A holding company gives flexibility’

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Purchase Of Own Shares

Thu, 26 Jan 2023 00:00:00 -0000

Shaz discusses the thorny subject of when and how to buy shares internally when it comes to a business - from where to find the money to do so, to how to make sure you remain compliant at all times.

KEY TAKEAWAYS

Most small businesses tend to be born from a family concern, with the parents founding and the children assuming the reins later.
Using a dividend in order to fund the acquisition of more shares is possible, but requires you to consider the tax you'll also be paying. Adjust the sum accordingly.
The company can buy back the shares and liquidate them, making the smaller shareholder the larger shareholder by default.

BEST MOMENTS

'The company can buy back the shares!'

'Once they've sold their shares, they can't own more than 30% of the shares remaining'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Investor Relief

Tue, 24 Jan 2023 00:00:00 -0000

Shaz explains Investor's Relief, a more flexible version of Entrepreneur's Relief, and when it can be best deployed in order to save you more money!

KEY TAKEAWAYS

Investor relief works very similar to entrepreneur's relief but is actually more flexible. Investors keep their money is a deal for three years. After this period, up to the first ten million pounds of uplift is charged only 10% tax.

BEST MOMENTS

'This way you tie them in, they're engaged'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

BADR

Thu, 19 Jan 2023 00:00:00 -0000

Shaz explains Business Asset Disposal Relief (BADR) - when it can be used, and why you should look to it when selling a business.

KEY TAKEAWAYS

If you run a business for five years and have at least 5% of the share capital - if you sell it you can claim entrepreneur's relief up to the first million pounds.
If you charge rent on the business, then you can't charge Entrepreneur's Relief as it then becomes an investment activity.

BEST MOMENTS

'Where possible, you want to make sure that you can utilise Business Asset Disposal Relief'

'This is called "phoenixing"'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Understanding VAT and CA

Tue, 17 Jan 2023 00:00:00 -0000

Shaz talks you through a practical example about how to better understand VAT and capital allowances, and the benefits that can be achieved when converting from commercial to residential.

KEY TAKEAWAYS

When looking to buy a property it is wise to find out about the exact VAT situation. When you make the offer, make it clear that you want to convert from commercial to residential, and ask if they will accept a VAT 1614D.
Elements of a building that are subject to capital allowances are any part of the property that are not inherently provided by the structure itself.

BEST MOMENTS

''When you sell the property at some point in the future, you must charge VAT on the disposal'

'These capital allowances have different pools'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Trading Or Investing

Thu, 12 Jan 2023 00:00:00 -0000

Shaz explains the differences between an investment company and a trading company, and how the approaches to buying properties for each will require different schools of thought.

KEY TAKEAWAYS

If you buy a property, hold on to it, and rent it out, then this an investment purchase. if you buy a property, do something to it and then trade it, this is a trading purchase.
Serviced accommodation property investments are treated as a trading deal, as you are selling a product to a client each time it is rented out.

BEST MOMENTS

'Short term lets are seen as a trade'

'Trading has many more tax benefits compared to an investment company'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

The Deal I Didn't Get

Tue, 10 Jan 2023 00:00:00 -0000

Depending on the properties you buy and the way you buy them, you may be able to claim certain reliefs. In this episode, Shaz talks about an instance from his own investing history that best illustrates these differences.

KEY TAKEAWAYS

Even the difference of just £100,000 on a property worth over a million pounds, can dramatically increase your rental income potential.
When you are doing your first deal, you have to compromise the margin. The less experience you are, the bigger the margin you need as mistakes will happen

BEST MOMENTS

'There are a lot of caveats, twists and turns'

'That's the kind of deal that you want to be doing'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

The Current Housing Market

Tue, 03 Jan 2023 00:00:00 -0000

Investing in property is an exciting journey, but there can be pitfalls along the way. In this episode, Shaz talks about the current state of the housing market and what you need to watch out for in order to ensure your continued success.

KEY TAKEAWAYS

Quantitative easing is coming to an end, so we are seeing large upheavals in the financial sector, including interest rates, which can affect property investors
The Bank Of England's mandate has trumped its obligation to control inflation and right now the challenge is to bring it down from double to single digits.
Borrowing costs are rising steeply, and the public have far less to spend. We have a rocky time ahead, and the road to recovery is a long one.

BEST MOMENTS

'What's inescapable is that the government lost the confidence of many in the market'

'Time will tell how well that will perform'

'Investors should also realise that most Britons are poorer. We're all paying more for less'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Should I Stop Buying Property?

Thu, 29 Dec 2022 00:00:00 -0000

Considering how to change and tailor your portfolio to the ever-changing circumstances is something we should always keep on top of. but should we ever stop buying property altogether? In this episode, Shaz talks about the way you should be thinking about this question.

KEY TAKEAWAYS

Property is a liquid asset and it takes time in order to sell it and convert it into cash. Selling property can be difficult and time consuming.
There are many fees when it comes to buying and selling a property, above and beyond what you'll pay for the actual property. Transaction costs are very high.
A buy to let is a safe place to keep your money, but the returns won't always be the best in the world. As the market advances, a downturn becomes more likely.

BEST MOMENTS

'In downtimes, selling is even more difficult'

'Some buyers who will be stuck with a property even if it turns out to be a mistake'

'Most investors turn out to be asset rich and cash poor'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Costs With Serviced Accommodation

Tue, 27 Dec 2022 00:00:00 -0000

When embarking upon the serviced accommodation route in property investing, it's always wise to keep ahead of the costs and rates you might be facing. In this episode, Shaz discusses them all, and how you can best maximise the profits you make.

KEY TAKEAWAYS

Classifying your property as a furnished holiday let will allow you to take advantage of several tax benefits that do not apply to other forms of SA.
The more services that you offer, the closer you move towards a general serviced accommodation, meaning that you don't need to fulfil the rules for a furnished holiday let.
Hidden costs you might not consider include the changing of linen which c an be expensive. Replacing crockery and other breakables can also prove costly.

BEST MOMENTS

'If you're not offering many services then you might be classed as a furnished holiday let'

'To keep it simple, think about the services you'd get in a bed and breakfast'

'Be aware of what all of your costs are'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Getting Started

Thu, 22 Dec 2022 00:00:00 -0000

Getting started on the property ladder doesn't have to be a complex as you have been led to believe. You can begin your journey without first amassing a fortune of your own, and in this episode, Shaz explains exactly how to do it.

KEY TAKEAWAYS

So long as you're planning to work hard and dedicate yourself to property investing, then there's no reason why you shouldn't succeed.
Find a partner who has the finances and apply your knowledge, expertise and willingness. Together you can turn a house sale into a property empire in no time.
Networking is the key at all times. You can join property investing groups and look to the knowledge of others. By surrounding yourself with likeminded business minds, you'll maximise your returns.
If you want to be truly financially independent, then don't put all your eggs in one basket. Diversify your income streams so that you'll never be totally reliant on one strategy.

BEST MOMENTS

'It takes commitment and dedication to make it happen'

'Get together and turn things into a transaction'

'This may turn into something bigger and better over time'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

SDLT Exemptions

Tue, 20 Dec 2022 00:00:00 -0000

SDLT is one of the most misunderstood taxes, but if clarity is provided then it can be a useful tool in your financial journey. In this episode, Shaz explains SDLT exemptions and reliefs that'll allow you to pay zero!

KEY TAKEAWAYS

An SDLT isn't as well understood as it should be, but if properly viewed, it can provide you with exemptions and reliefs that'll alleviate your finances considerably.
If you occupy your house in the last two years, and sell it to a development company as part of a plan to buy a property from them, then you are exempt from paying SDLT
If you buy a property through probate, via a limited company or partnership, you can spend up to £10,000 or 5% of the purchase price on fixing up the property - then sell the property, you will pay no SDLT.

BEST MOMENTS

'Keep a not of this if you're looking to buy a new house at some point in the near future'

'If you grant a lease on the property then the relief will be withdrawn'

'There is partial relief, but stay within the numbers'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Property Myths

Thu, 15 Dec 2022 00:00:00 -0000

Shaz shares the most common misconceptions and myths surround property investing, and how to make sure you're keeping ahead of the rumours and untruths that might be holding you back.

KEY TAKEAWAYS

The property pricing cycle always follows a boom-and-bust model. A steady increase will always be followed by a decline - history has proven this. Prices do go down!
It isn't just the wealthy who are able to invest in property. You can invest heavily using other people's money, and massive deposits aren't always required.
Newly built properties can be more appealing and have several benefits, but never discount the value of older properties, which always come with their own opportunities.

BEST MOMENTS

'Property needs to serve you'

'I know lots of people who have no money, who are working successfully in property'

'History is a fantastic teacher'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Growing Your Portfolio

Tue, 13 Dec 2022 00:00:00 -0000

Is there a limit to the size that your ideal portfolio should be? In this episode, Shaz talks you through what you need to think about as you grow, what your business should look like, how much income you need. Remember, that size doesn't matter!

KEY TAKEAWAYS

It always pays to think about the size of the business that you're trying to build. Many investors build significant portfolios that leave the teetering on the edge of bankruptcy from time to time.
Smart investors can be sometimes excessively cautious about their portfolio, and should be having more faith in themselves.
If you're investing in something then you want a return. That's only natural. What you need to think about is what you're trying to attain or replace in terms of income and aim for that to begin with.
Determine your attitude towards risk. The bigger the portfolio, the more debt you take on, and the bigger the risks. There are more moving parts for you to manage.

BEST MOMENTS

'Big isn't better at all. Small but smart is the way forward'

'Smart people sometimes overthink stuff'

'Everybody wants create a profitable business'

'It's important that you have a criteria when it comes to investing'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

What Is A Holding Company?

Thu, 08 Dec 2022 00:00:00 -0000

What is a holding company? What are the benefits of a holding company? What are the drawbacks of a holding company? Why should I have a holding company?

In this episode, Shaz walks you through all these questions and more!

KEY TAKEAWAYS

A holding company is a type of business structure that deals specifically with business assets, investments and management.
When a business is 100% owned by a holding company, that is when the term "Wholly Owned Subsidiary" applies, as the parent company wholly owns the subsidiary.
There is an opportunity to save stamp duty land tax when you transfer property from one company to the other. You can claim group relief.

BEST MOMENTS

'In general a holding company is a type of business structure that has no operations'

'A trading company can be a corporation, a limited partnership, or a limited liability company'

'There are a number of significant tax benefits'

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Buying Property Off Market

Tue, 06 Dec 2022 00:00:00 -0000

Finding off-market properties is Shaz’s favourite marketing strategy in this episode he shares some of the ways you can take effective action to increase your network becoming known in your goldmine area

Building an extensive network with people knowing that you are looking to buy properties off-market is key, hear about a range of strategies that will create an extensive network and get started

KEY TAKEAWAYS

Buy off-market and you may be the one person who can do that particular deal
Understand your target market and where they are in their selling journey
Get the headline right, share your offer and make a call to action
Builders and tradespeople are good contacts to have in your network
Solicitors working in probate are in contact with people who may want to sell property
Deal sourcers can have good deals and are a good source for off-market property deals
Get out and about in the area you are interested in talking to the local people

BEST MOMENTS

‘Buying property off-market is a phenomenal game changer

‘Sometimes people want to find a buyer discreetly’

‘Network by letting everyone know what you do’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Boston Post Office, Commercial Conversion

Thu, 01 Dec 2022 00:00:00 -0000

This is a great episode if you want to get into commercial conversions as Shaz takes us through his latest project the conversion of a grade 2 listed post office into twenty two mixed flats and a ground-floor commercial space

He goes through the numbers and shares valuable content about working with lenders, the loan-to-cost figures and the GDV, listen in to hear why commercial conversions should be part of your property development portfolio

KEY TAKEAWAYS

We agreed to buy with the condition of planning within 12 months
Loan-to-cost is an important factor
The loan to GDV is also an important figure for the lender
The parameters may change according to the deal
We will have over a thousand pounds in our pockets as profit every week
There will also be capital appreciation
Work out the cost per square foot at the beginning, the cost to redevelop and calculate the value per square foot at the end
The rental income covers the costs and you are creating profit and capital appreciation

BEST MOMENTS

‘Don’t worry if planning hasn’t come through when the conditional contract ends keep working towards completion’

‘The whole thing works beautifully with commercial conversions’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

The LLP Hybrid Structure

Tue, 29 Nov 2022 01:00:00 -0000

Shaz shares an overview of the LP hybrid model, explaining exactly what it is and how it works

He shares informative content that helps to explain the process and discusses why it's vital that any hybrid LLP is planned and set up properly

KEY TAKEAWAYS

A partnership is two or more individuals who form a business
An LLP can be two or more people or two or more entities
As the properties are introduced into an LLP the limited company becomes a managing company, managing the properties for the LLP
The LLP may pay management charges or have more control and ownership
If the limited company collects the rent and pays the mortgages it can claim the tax relief
When the funds are in the LLP the individual partner draws down on their capital account tax-free
In an LLP or partnership, there is a profit-share ratio

BEST MOMENTS

‘A profit share doesn’t have to be in line with a capital share’

‘It needs to be planned and set up properly’

‘ If you are forming an LLP you should be doing it for the right reasons’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

The Basics Of Flipping

Thu, 24 Nov 2022 00:00:00 -0000

Flips are good for cashflow and a great strategy, and in this episode, Shaz explains what you need to have in place and how you can get started

From knowing your numbers to negotiating the right deals all the way through a project, Shaz shares valuable tips and advice about how to get started and succeed if you want to use flipping as either a supplementary or primary property strategy

KEY TAKEAWAYS

Flips are usually funded with bridging loans
If the project takes longer the costs can increase, it’s important to get things completed within the allocated time frame
Be clear about the numbers, the costs, what the margins are and what the

profit is expected to be

Negotiating is a key part, you need to negotiate the right deals throughout the project
Build in a contingency for each project and be clear about what you are trying to achieve with each deal
Research and know the area you are focusing on
If you buy well and sell well it’s a great strategy
Set a timeline and focus on keeping everything tight

BEST MOMENTS

You need to have a vision and an eye for details

It’s a good supplementary or main strategy to have

You need to buy right, below market value to make it work

VALUABLE RESOURCES

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Property Market Crash 2022

Tue, 22 Nov 2022 00:00:00 -0000

Everyone is asking if there going to be a property market crash and when’s it going to happen and in this episode Shaz shares the historical patterns and his analysis of this much-asked question

He looks at the previous cycles for the property market and shares the predictions and his analysis of what will happen

KEY TAKEAWAYS

History repeats itself and there have been, to date three serious property market crashes
There are consistent themes such as changes in interest rates, rising energy costs and policy mistakes
Covid had an effect on the global economy as well as on individuals
The stamp duty land tax holiday created an artificial boom in the market
For over a decade there has been growth in the property market
Many experts are now forecasting that the fallout from the mini budget will impact for some time to come
The cycle of property dictates there will be a crash at some point and the property market follows a cycle linked to global events
Those in shared ownership are of particular concern and renters have already had to deal with rising costs
Its predicted house prices will fall by 10% over the next 2 years, which is significant
The signs are there and we need to look at previous indicators and plan accordingly

BEST MOMENTS

‘A crash happens partly because there is a boom’

‘You’ve got to pass on the costs because that’s how a business works

‘Is it any wonder first-time buyers are struggling’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Tax and Commercial Conversions

Thu, 17 Nov 2022 01:00:00 -0000

Shaz explains how tax works if you are buying property that is already part of a company and discusses the ways you can achieve the best tax outcome for yourself

He uses a worked example to go through the figures making it clear at which point in the process action is required

KEY TAKEAWAYS

You need to think about the best company structure for commercial conversions
The property being purchased may be part of a company
There is no SDLT if you buy the company just Stamp Duty tax on the shares
The company makes the gain on the property value
If you are buying property in a company the longer someone has had it for the bigger the gain
You need to negotiate with the current owner
If you’re buying a residential property the numbers will be much higher

BEST MOMENTS

As soon as you complete there will be SDLT to pay

You need to be aware of this when you buy property in a company

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Purchase of Own Shares

Tue, 15 Nov 2022 00:00:00 -0000

Shaz looks at what happens when a shareholder wants to sell their shares and how other shareholders can raise the capital to buy them without involving an investor
Hear about POOS - purchase of own shares and how this can mean a substantial saving in taxes

KEY TAKEAWAYS

If a shareholder wants to retire they will want to sell their shares and other shareholders are likely to want to buy the shares
You need to have a gross profit that includes the money that needs to be paid in tax on the dividend
You will also need to factor in corporation tax payment
POOS - Purchase of Own Shares means the company can buy back shares from anyone who is retiring
Has to be a trading company, the person can’t own more than 30% and has to have owned the shares for at least 5 years

BEST MOMENTS
‘Purchase of Own Shares means the company can buy back shares’
‘Other shareholders are likely to want to buy the shares

VALUABLE RESOURCES
shaz@aaa-accountants.co.uk

ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:

Sole Trader vs LTD Co

Thu, 10 Nov 2022 00:00:00 -0000

In this episode, Shaz covers the main differences between a sole trader business and a limited company
He shares an informative overview of the benefits and looks at some of the different reliefs and allowances that can be claimed through a sole trader business and a limited company

KEY TAKEAWAYS

The accounts are simpler with a sole trader business and there is more flexibility to add partners
There is unlimited liability and you are personally responsible for any debts
Losses can be carried forward but allowances and reliefs need to be used
Finance and funding are lower for a sole trader business
A limited company is a separate legal entity
Do your remuneration planning and make sure you take out a salary
The more profitable you are the better a limited company will work out
A company car is a taxable benefit if you have a limited company
With a limited company, you can have alphabet shares with different rights
Articles of association have to be fit for purpose

BEST MOMENTS
‘Look at the areas you can plan for’
‘Most reliefs of allowances you either use them or lose them’
‘The government is incentivising people to have electric company cars

VALUABLE RESOURCES
shaz@aaa-accountants.co.uk

VAT And Entrepreneurs Relief

Tue, 08 Nov 2022 00:00:00 -0000

Shaz shares great information as he answers questions from his live audience about when you can and can't claim VAT on commercial properties and refurbs and also takes a look at how to claim entrepreneurs' relief

KEY TAKEAWAYS

You can claim VAT on commercial properties if you sell them
If you are increasing or decreasing the number of units of buying a house that has been empty for 2 years or more VAT is 5%
If you outsource or subcontract the labour and materials you pay 5% on both
For better cash flow outsource the whole thing
Create a management company and have a lease of more than 20 years to claim back VAT
Start SA run it for 2 years, sell it as a business and then you can claim entrepreneurs relief

BEST MOMENTS
‘If they sell the flats they can claim back the VAT on the refurb’
‘At the end when you sell you get to keep the VAT’
‘There is a lot of money to be made and saved when you are buying and refurbing property’

VALUABLE RESOURCES
shaz@aaa-accountants.co.uk

SDLT and Limited Companies

Thu, 03 Nov 2022 00:00:00 -0000

If you are buying a property then SDLT is important and in this episode Shaz shares an overview and key points about stamp duty land tax and answers questions about purchasing through a limited company and shares some of the benefits of buying property in this way along with valuable information about tax and limited companies

KEY TAKEAWAYS

If you are buying six or more units you can choose whether to pay residential or non-residential rates
You can claim multiple dwellings relief if you are buying 2 or more properties
If you are buying property through probate there are ways to reduce SDLT
SDLT is vast and complicated so speak to a tax specialist
If a property is uninhabitable when you are purchasing there are ways to reduce SDLT
Purchasing through a limited company limits your liability
If you have property in your own name at the end of the year you will pay tax depending on the profit you have made
With a limited company you pay 19%, and you can control how much you take out each year

BEST MOMENTS

‘Multiple dwellings relief is a very good relief that will reduce your Stamp Duty Land Tax’

‘A limited company gives you a level of control’

‘If you’re paying your children it has to be at a commercial rate’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

SSAS Explained

Tue, 01 Nov 2022 00:00:00 -0000

Shaz shares an overview of the benefits of having a SSAS and works through live examples from members of the audience
If you want control of your funds and the opportunity to grow a SSAS to a point where you can effectively use it then this episode has great content about the key positives of setting up a SSAS

KEY TAKEAWAYS

A Small self-administered pension scheme (SSAS) is a trust where you control the funds
With a SSAS you control what happens to your funds
Every year you can pay up to forty thousand pounds into your pension
You can transfer funds from your SIP to your SASS
A SSAS requires a sponsoring company
Lend up to 50% back to your company, with security, charging interest
Buying commercial property through a SSAS means there is no tax on the rental
The lifetime limit on a SSAS is a million plus
When the interest goes into the SSAS there is no tax for the SSAS

BEST MOMENTS
‘50% can be lent back to the sponsoring company’
‘It can quickly build up to having a sizable SSAS’
‘It gets to a stage where he can be his own bank’

VALUABLE RESOURCES
shaz@aaa-accountants.co.uk

Overseas Money and Joint Ventures

Thu, 27 Oct 2022 00:00:00 -0000

Shaz looks at how overseas money can be used to fund property investments in the UK and the importance of knowing the investor and having a relationship with them

This episode is a great opportunity to gain an overview of joint ventures with overseas investors and how funds can be effectively transferred

KEY TAKEAWAYS

They could transfer the funds to the UK and into a UK account
Most solicitors will want you to transfer from your business account into their client account
Solicitors have a duty under anti-money laundering rules
Ideally, you should have an understanding of the investor and a relationship with them
You have to ask the questions any lay person would ask

BEST MOMENTS

‘Some lenders might not like it but there will always be someone out there who will like it’

‘Ultimately it’s your responsibility

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Company Structure

Tue, 25 Oct 2022 00:00:00 -0000

Shaz explains how company structure impacts tax and goes into detail about a holding company structure and how it can be used effectively

He answers questions about payments to subcontractors and explains how entrepreneurs' relief works sharing great content for anyone building a business

KEY TAKEAWAYS

A benefit of a holding company structure is less tax
The holding company shouldn’t do anything except holding
If the holding company is also trading then if it goes bust all the other companies are liable to pay the debts
The Construction Industry Scheme, set up by HMRC means you hold the tax payment for any sub-contractors
If you have trading status there are tax allowances you are entitled to including capital allowances and entrepreneurs' relief
Entrepreneurs relief means when you sell a business the first million pounds is taxable at 10%
If you breach the 20% rule you won’t be treated as a trading group and will lose some tax allowances

BEST MOMENTS

‘A company is a separate legal entity therefore if it goes bust you are not personally liable’

‘Use the money to do more deals’

‘If you are holding properties you will quickly breach the 20% rule’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Capital Allowances And SA

Wed, 19 Oct 2022 23:00:00 -0000

Shaz shares the key points about claiming capital allowances including when you can and when you can't claim
If you are wondering where to get started on capital allowances, this episode is the one to listen to
KEY TAKEAWAYS

You can claim on anything fixed to the building
You can claim capital allowances if the previous owner hasn’t
A commercial property or standard search enquiry, completed by the solicitor has a question about capital allowance claims
For new items, you can claim the cost for existing items a valuer is needed to assess
There are different pools for capital allowances
In a large HMO, you can claim for communal areas

BEST MOMENTS
‘A new building will have its own capital allowances’
‘The longer you use it as SA the better for capital allowances’
VALUABLE RESOURCES
shaz@aaa-accountants.co.uk
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:

A Question of VAT

Mon, 17 Oct 2022 23:00:00 -0000

Shaz is taking questions from his live audience about VAT. With lots of different questions all focused on VAT this is a great opportunity to hear great content about how VAT works in a range of different business situations
KEY TAKEAWAYS

If you have to register there are 3 options, 20%, the flat rate scheme or a tour operators management scheme
With the flat rate scheme, you pay a lower percentage but can’t claim VAT on items bought unless they are over two thousand pounds
It’s better to have separate companies
If you are below the threshold, de-register
If you are doing a commercial conversion, complete a VAT 1641D and give it to the seller, if they accept it you don’t pay VAT on the transaction
SDLT is payable on the purchase price and the VAT element
Outsource the labour and the materials and only pay 5%

BEST MOMENTS
‘If you are mixing different incomes you are more likely to breach the VAT threshold quicker’
‘Generally, there is no benefit to registering for VAT’
‘You are paying tax on the VAT
VALUABLE RESOURCES
shaz@aaa-accountants.co.uk
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:

Buying More Than 1 Property And Wholly & Exclusively

Wed, 12 Oct 2022 23:00:00 -0000

Shaz explains how multiple dwellings relief works and can be hugely beneficial in reducing your stamp duty land tax and the huge amounts of SDLT that can be saved if a house is classified as uninhabitable
He also looks at what you can claim for your business and explains how the key and only question you need to ask yourself is – Is it wholly and exclusively for the business
KEY TAKEAWAYS

An annexe with a separate entrance, kitchen and bathroom means you can claim multiple dwellings relief
Even though the properties are on one title you can reduce your SDLT with multiple dwellings relief
There are approximately 15 plus SDLT reliefs available
In the first 12 months, you can change your SDLT return
Is it wholly and exclusively for your business? if it is you can claim the cost
For SDLT the threshold for being classified as uninhabitable is higher
There is a huge amount to be saved on SDLT if a house is uninhabitable

BEST MOMENTS
‘Multiple Dwellings Relief can significantly reduce your SDLT
‘Buy properties in a limited company’
‘ If there isn’t a roof it’s not a house’
VALUABLE RESOURCES
shaz@aaa-accountants.co.uk
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:

3 Tax Rules to Follow

Mon, 10 Oct 2022 23:00:00 -0000

In this episode hear about the crucial questions you should be asking yourself when tax planning
From always asking whether it’s legal to understanding that HMRC interpret the rules and can be challenged this is a must-listen with great content for any business owner
KEY TAKEAWAYS

Always ask ‘is it legal? at no point is it worth doing something illegal
Is what you are doing effective in terms of how much you are spending and what you are saving
Is it acceptable? Your tax planning needs to be acceptable to you
HMRC interpret the rules and you need to look at the law
Tax enquiry insurance is always worth having
There is a risk assessment form used prior to any enquiry
If you are doing SA make sure you are using the right tax rules for you
With tax, once it’s happened you can’t go back so planning before is crucial

BEST MOMENTS
‘HMRC aren’t always right, they lose as many appeals as they win’
‘Don’t be fearful of challenging HMRC’
‘Make sure you are clear about TOMS rules for serviced accommodation’
VALUABLE RESOURCES
shaz@aaa-accountants.co.uk
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:

Serviced Accommodation vs Furnished Holiday Lets

Wed, 28 Sep 2022 23:00:00 -0000

Shaz explains the rules and restrictions of turning property purchases into serviced accommodation, focusing on the two models available - Furnished Holiday Lets (FHL) and Serviced Accommodation (SA).
As he continues to tutor his live audience, Shaz explores the benefit of offering services to guests, what schemes are available to help property owners pay less tax, and how multiple properties can help to alleviate some of the restrictions of an FHL.
KEY TAKEAWAYS

A Furnished Holiday Let (FHL) must be made available for commercial letting for at least 210 days a year and rented out for a minimum of 105 days at their full rate
If lettings over 31 days exceed 155 days in a year, your property will not qualify as an FHL
An FHL is not considered a trading business but can benefit from many of the same reliefs
FHL restrictions may no longer apply if you offer additional services such as breakfast, tours, and concierge
Reduce tax using the Tour Operator Margin Scheme (TOMS)
Furnished Holiday Let mortgages are available for properties that follow the FHL restrictions

BEST MOMENTS
“SA is supposed to be short-term lets - one night, two nights, four nights, not a month or longer.”
“Whether you’re a Furnished Holiday Let, or whether you’re a proper SA, if you go over £85,000, you’ve got to pay VAT on the income.”
VALUABLE RESOURCES
shaz@aaa-accountants.co.uk
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:

Limited Company or LLP for Capital Allowances

Tue, 27 Sep 2022 00:00:00 -0000

Capital allowances can be hugely beneficial and Shaz explains how things work in both an LLP and a limited company

He also shares great content on when to claim capital allowances and how with any commercial property purchase there is potentially more than one opportunity to claim

KEY TAKEAWAYS

An LLP is transparent for tax purposes and the capital allowances are claimed on the income
The government wants to incentivise trade and you can claim back for fixtures and fittings that you have invested in to start your business
An LLP is transparent for tax purposes so individual partners pay tax on the profits
When you have no capital allowances left, you can incorporate
Capital allowances are based on what’s in the building
If you buy a commercial property you can claim on what’s already in the property
Always use a commercial property standard enquiry and negotiate with the seller
If you are buying a commercial property through a SSAS there is no tax

BEST MOMENTS

‘You only pay tax if you take the money out of the bank’

‘Claim the annual investment allowance as much as you can’

‘With capital allowances, there are two bites of the cherry’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Buying More Than One Property

Wed, 21 Sep 2022 23:00:00 -0000

Shaz is with a live audience looking at the tax payable when you are buying more than one property
He explains the best way to purchase additional properties from a tax perspective and works with live examples from the audience to share informative content on what’s the best way to buy more than one property
KEY TAKEAWAYS

A conditional contract means you can buy the land and the house is knocked down
If you are buying property you may have to pay VAT on it
Buy a commercial property and convert it and the VAT is 5%
Buying additional properties means additional tax
If you are buying 2 properties at the same time from the same seller you can claim multiple properties relief
Buying 6 or more properties from the same seller means you can use non-residential rates of SDLT
Buying a house with a Granny annexe can mean saving on SDLT
A property with a mortgage of less than fifty thousand can be given to someone and there is no SDLT to pay

BEST MOMENTS
‘If you are buying 2 properties at the same time from the same person the amount payable can be averaged out and save VAT’
‘If you can buy a house for less than £50,000 there is no SDLT to pay’
VALUABLE RESOURCES
shaz@aaa-accountants.co.uk
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:

Comparing Flips, BRRR And Commercial Conversions

Mon, 19 Sep 2022 23:00:00 -0000

In this episode, Shaz is explaining why commercial conversions are his favourite strategy and to help explain why he goes through examples, including the numbers, comparing a property flip, a buy, refurbish, refinance and renting deal along with a commercial conversion
Sharing the property strategy examples demonstrates clearly how the numbers work out and, as Shaz explains, shows why commercial conversion is a strategy you should be using
KEY TAKEAWAYS

Funds from a bridging loan can then become a mortgage if you are keeping the property
You only pay the fees and costs once
There is tax to pay if you are going to flip the property and doing it through a limited company can be a better option
Your money in the deal is far less than someone buying a refurbished property
Some lenders won't refinance until you’ve had the property for 6 months
In just under two years you can get all your money back
If you have the time and are prepared to put in the effort you can save on the refurbishment costs
You have cash flow and capital appreciation and as the deals get bigger the margins also get bigger
Think about what you earn in a job and what doing commercial conversions can earn for you
You can make a lot of profit and create good housing for people to rent
You are contributing positively to the local economy

BEST MOMENTS
‘There is a good product available from Shawbrook that means you can move a bridging loan into a mortgage’
‘What’s stopping you from doing 2 or 3 of these every single year?’
VALUABLE RESOURCES
shaz@aaa-accountants.co.uk
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:

SSAS Some Things You Should Know

Wed, 31 Aug 2022 23:00:00 -0000

In this episode, Shaz looks at how a small self-administered scheme (SSAS) works and explains some of the ways it can be used

This is a great opportunity to understand more about what a SSAS is and hear about some of the different ways and times you can pay into it and how it can be used within your business and for legacy planning

KEY TAKEAWAYS

A SSAS is a small self-administered scheme and can give you more flexibility

Every year you can transfer £40,000 into your SSAS if in previous years you haven’t been able to make the contribution you carry forward the last 3 years

You can transfer from a SSAS into a SSAS if it's beneficial

If there are two of you it’s possible to make a contribution of £500,000 in one year into your general fund

You can ask HMRC about making a contribution of up to 2 million pounds

The maximum number of people you can have in a SSAS is eleven

You can loan up to 50% of the fund

The SSAS doesn’t pay tax so there are no capital allowances available

You can have legacy planning and leave the SSAS to others

BEST MOMENTS

‘If you have several small pensions hanging around you can put them into a SSAS’

‘A SSAS enables you to move money from your limited company into your SSAS’

‘Two or more people open up more possibilities in terms of contributions’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Claiming Capital Allowances

Mon, 29 Aug 2022 23:00:00 -0000

Shaz works through a live example to explain what can be claimed in capital allowances each year

He discusses with his audience the types of challenges that can face property investors when they are making claims for capital allowances and answers questions about claiming capital allowances at the point of purchase

KEY TAKEAWAYS

There are different types of pools for capital allowance purposes
The pool that the expenditure goes into helps to determine the amount of capital allowances
The general capital allowances pool is 18%
Try and use up as much of the capital allowances as you can to create a taxable loss
The annual investment allowance lets you claim up to a million in new expenditure
Make sure on the form that ‘zero’ is not put on the form for capital allowance

BEST MOMENTS

‘Assume everything goes into the general pool’

‘When you carry out the refurb and install new plant and machinery you can make a claim’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

A Live Commercial Conversion Example

Wed, 24 Aug 2022 23:00:00 -0000

Shaz shares a commercial conversion example explaining the best ways to make each stage work

As he goes through each phase he explains what you can claim and why as well as discussing the structure of your company and how it can support what you are doing with your commercial conversion.

KEY TAKEAWAYS

With no money in and after taking her money out there is an asset worth just over 1.2million
If you are buying commercial property you may have to pay VAT on it
When the property is subject to an option to tax then VAT is due on the sale
If you increase or decrease the number of units the VAT is 5%
The council has an empty house officer
If you pay the materials yourself VAT is 20% if you outsource labour and materials you pay 5% VAT
When the residential property is sold you get the VAT back
If the property is kept VAT can’t be claimed unless you grant a lease for more than 21 years to a separate entity

BEST MOMENTS

‘There is no other business in the UK or the world where you can have income, an asset and capital growth with none of your own money’

‘Sell the properties get the VAT back, keep the properties no VAT’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Numbers And Education

Mon, 22 Aug 2022 23:00:00 -0000

Shaz looks at how the best return you can make is through investing in your own

self-development and education and looks at the value of understanding the numbers in any deal

Every day should be a day for learning something new and if you have an open mind learning new things every day is a possibility and will help as you scale and grow your business

KEY TAKEAWAYS

You need to get the numbers right. A budget is an estimate based on the information you have about costs
You need to try and stay within budget or beat the budget
As soon as you can hire people, delegate tasks and focus on the things you are good at

Make sure you set up your business in the right way with good foundations to build on and put procedures and systems in place
There are good deals in bad times and bad deals in good times, look for the sweet spot that works best for you and stay with it
Don’t be afraid to pay more when you can see the added value and a deal that works for you
Invest money in self-development and education Stay humble and grounded and always be open to learning every day

BEST MOMENTS

‘For most people, their home will big the biggest ever spend they will do in one go’

‘Make sure you have a realistic and sensible budget’

‘The best return is on the money you invest in yourself’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Don’t Think of a Hippo

Thu, 18 Aug 2022 00:00:00 -0000

There are things to pay attention to if you want to become a successful property investor,

a combination of things you should be doing and those you shouldn’t be doing and Shaz goes through the ones that really make the difference in a property business

from understanding it's about cash flow and capital appreciation to running your property business with the same procedures and systems that any company has in place, Shaz explains exactly what to do and what not to do!

KEY TAKEAWAYS

Property and investment are long term and bring different types of benefits as you progress
When you are in property you need to think about cash flow and capital appreciation, be patient, invest and give it time to grow
Treat property as a business with all the same components as any other business
Make sure every property delivers cash flow to give you an income every month
Those people who have a strategy and stick to it are the ones who do well
Have core competencies and core non-negotiable’s that you stick to
Make sure you understand the contract and your role and responsibilities in detail
In business, everyone has a deal that isn’t great but helps you to learn and grow
Have an open mind, keep growing and learning

BEST MOMENTS

‘If you have non-negotiables and criteria you will do better than those who don’t’

‘Everyone wants to get rich quick’

‘Learn and implement the rules and you will do better’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Inheritance Tax

Tue, 16 Aug 2022 00:00:00 -0000

If you want to make inheritance tax work for you and your children you need to start planning from day one of your business and Shaz discusses the different ways you can do this through alphabet shares, keeping the income flowing to you but ensuring the capital will be there for your children

He also answers questions about transferring properties into a limited company and explains the points at which it is beneficial for tax purposes

KEY TAKEAWAYS

Keep the income flowing to you but the capital going to them in the future through alphabet shares
Inheritance tax is based on value
Giving shares to children means they own the growth of the company
You can have both freezer and growth shares
If you transfer one property into a limited company and have lived in it since you’ve owned it there is no capital gains tax to pay
If you have a buy-to-let and transfer you will pay capital gains tax
With five or more properties you can look at section 162 incorporation relief
A property business is defined by you spending 20 or more hours in it
Limited companies are usually more tax-efficient because there is more transparency

BEST MOMENTS

‘Start your inheritance tax planning from day one’

‘Give capital rights to your children so they get the capital growth’

‘The Government want the transparency so make limited companies more tax efficient’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Multiple Companies

Wed, 10 Aug 2022 23:00:00 -0000

Shaz is with a live audience and takes us, in detail, through particular scenarios about shares. He also discusses the different classes of shares and the tax implications

There are some interesting questions that investors and business owners are working through right now and Shaz shares his detailed knowledge and expertise about the best solutions

KEY TAKEAWAYS

If you have two companies in a holding company structure and the profits are over a certain threshold you will pay more tax collectively
There are advantages to a holding company structure that can outweigh any additional tax
A buy-to-let property company can’t claim VAT
A company within a holding company can move money as a tax-free dividend
Don’t mix trading and investment businesses
Settlements legislation stops a husband or wife from transferring funds to avoid tax payments
If you are giving shares to your child it should be less than 20%
You can freeze the value of the shares today and assign all future growth to new shares making them freezer shares and growth shares
You can assign a dividend to a particular class of share
Entrepreneurs’ relief allows you to invest on day one and if you keep the shares for 3 years only pay 10% tax when you exit the business

BEST MOMENTS

‘The holding company is a shareholder of the other companies

‘You can give alphabet shares with no voting rights’

‘If you own over 20% in a company you have certain rights’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Cars And Capital Gains Tax

Mon, 08 Aug 2022 23:00:00 -0000

In this episode, Shaz takes a look at tax for cars and the potential benefits of going all-electric

He also, with his audience, goes through several live examples of capital gains tax discussing when it is payable and how it's calculated. With great informative content, this is a must listen

KEY TAKEAWAYS

As a sole trader/partnership or limited partnership, you work out the miles you drive for business and those for personal purposes

If you have a company car you pay company car tax on the list price of the vehicle and its emissions

Go for a fully electric car and the company can pay for everything

It's tax efficient to have an electric car through a company

If you have a property and buy a second property you will need to pay additional stamp duty land tax

The longer you have owned and lived in a property the less capital gains tax you are likely to pay

Capital gains tax is worked out based on the length of ownership and occupancy

When you move your main residence your existing house may become liable to capital gains tax depending on what you do with it

If you sell there’s no capital gains tax

The purchase value and the selling value combined with the length of residency are used to calculate what’s payable

BEST MOMENTS

‘You don’t actually pay company car tax but you don’t claim the whole expense, it’s nice and simple’

‘If you have an electric car and run it through the company you only pay 2% company car tax, which is really low’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Wholly And Exclusively

Wed, 03 Aug 2022 23:00:00 -0000

Shaz takes us through expenses and the differences between being a sole trader and a limited company when you are justifying expenses

As a director of a limited company you always need to consider whether an expense is necessary in order to justify it but as a sole trader has more flexibility

You may want to borrow money from your company or you may be lending money to your company listen in and hear about the best and most effective ways to do this

KEY TAKEAWAYS

The test for a justified expense is higher for a director than for a sole trader, being a sole trader gives you better flexibility
A limited company has more rules, regulations and company laws to take into account
If it’s not a salary or bonus you need to pay interest to your company
You have to treat a limited company as if you are working for someone else where money is concerned, everything must be accounted for
If you are lending money to your company you should charge interest
A basic rate taxpayer has a £1000 income tax-free
You can charge interest and not pay any tax if you met the criteria
Your company can claim 19% corporation tax relief on the money

BEST MOMENTS

‘For directors it’s about wholly, exclusively and necessary, was the expense necessary?’

‘A lot of small business owners lose sight of the fact a limited company is a separate legal entity’

‘You can have this and not pay a penny in tax’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Do You Have an FHL or an SA?

Mon, 01 Aug 2022 23:00:00 -0000

The question of is it a furnished holiday let or serviced accommodation is one that is frequently asked and in this episode Shaz talks in detail about the criteria and rules and answers questions from his live audience about specific scenarios and the tax implications

There is invaluable advice and learning for anyone who is involved in FHL and SA in this episode which is a must for anyone involved in letting property

KEY TAKEAWAYS

The property has to be available for commercial letting for 210 days charging the market rent
It has to be rented out for at least 105 days and if it’s let for more than 31 days consecutively and those days add up to 155 days over the year you don’t qualify as a furnished let
The aim of furnished holiday lets is short-term letting and you will be penalised by HMRC if you are letting outside of the rules
If you let out a property for more than 28 days to the same person you don’t charge them VAT and it becomes a short-term let
With more than one unit you can use the days from other properties
If you breach the 155 days rule you lose several tax benefits including section 24, capital allowances and entrepreneurs' relief
Serviced accommodation losses can be used against serviced accommodation profits
Additional services such as meals, trips out, games room, swimming pool and facilities for children and pets are what can move you to SA

BEST MOMENTS

‘It’s a pretty generous system for people’

‘Either side of the one year of grace you’ve got to qualify’

‘Now you are more like a hotel’

‘The more additional services you have the safer you are’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Capital Allowances Deep Dive

Wed, 27 Jul 2022 23:00:00 -0000

Shaz takes a deep dive into capital allowances and explains, in detail, when and what capital allowances can be claimed and how to effectively claim allowances at the right point

He looks at the different rates and pools that capital allowance items are grouped into and discusses claiming Annual Investment Allowance explaining when it's best to use this. Many people don’t know enough about capital allowances and this can result in them not claiming, listen in and hear great content that will mean you can claim effectively

KEY TAKEAWAYS

Capital allowances are plant, machinery and equipment which are fixed to a building but are not an inherent part of the building
When you spend money on capital allowances it goes into different pools, depending on the pool it goes to you claim different amounts each year
Annual Investment allowance is currently a million pounds but only until March 2023
Where possible claim AIA in one year, it puts you in the best possible position
When you buy an item it goes into either the main pool, special rate or enhanced capital allowances pool
It’s important you put your expenditure into the right pool
If the building is leased you can still claim capital allowances if you have contributed to the building items
With HMO’s capital allowances claims are now very limited
Claim all and then make additional funds it’s a balancing charge, claim less and then sell for less there is a balancing allowance
Be careful about how you claim the allowances if you are considering selling the property in the near future

BEST MOMENTS

‘It’s anything that would need to be ripped out of the building’

‘Most people don’t know about claiming capital allowances’

‘AIA means you can claim all the capital allowances in one year’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Multiple Dwellings Relief And Stamp Duty Relief

Mon, 25 Jul 2022 23:00:00 -0000

Shaz looks at the implications for stamp duty land tax and multiple dwellings relief when you buy more than one property

He also explains the tax implications for the property you reside in and how the occupation of a property is established

This is a great opportunity to understand more about using stamp duty land tax and multiple dwellings relief effectively

KEY TAKEAWAYS

If you are buying 2 or more properties from the same person you can claim multiple dwellings relief
If you are buying 6 or more properties you can use MDR or non-residential rates of SDLT which might work out lower
If you are not resident in the UK you will pay an extra 2% SDLT when you buy
As the value of the property goes up, so does the amount of SDLT payable
Occupation of the property is determined by electoral role, school, place of worship, registration with a doctor, dentist, and involvement in the local community
If you buy a property valued at over £500,000 in a company that is not rented out you will pay additional tax annually
Do not buy a property that you are going to live in through a company
Properties bought from the same person at different times are a linked transaction and you will pay a higher rate of SDLT on the second property

BEST MOMENTS

‘The home you are going to live in should be in your own name’

‘If you are buying from the same person try and buy all the properties at the same time

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Don’t Forget This When Incorporating!

Wed, 20 Jul 2022 23:00:00 -0000

Shaz continues to share great advice about incorporating and explains what to do around personal loans and the best way to incorporate

Listen in and find out more

KEY TAKEAWAYS

Under section 162 Incorporation tax relief you can move5 or more properties from your own name into the company when you incorporate
If 2 or more people own the properties you can incorporate and not pay stamp duty land tax if you meet the criteria
When you change the loan document details to the company no money is actually changing hands
You can’t move properties individually it has to be all of them
If you have property rental losses in your name don’t incorporate until you’ve used up the losses

BEST MOMENTS

‘You can’t move properties piecemeal it’s all or nothing

‘Most lenders will entertain it’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Incorporating Your Business

Tue, 19 Jul 2022 00:00:00 -0000

Shaz explains the benefits of incorporating and why for properties owned it can bring an uplift in base value when you incorporate

This episode also includes questions and answers from those in the room with Shaz and these provide great information on specific examples that will be useful for listeners

KEY TAKEAWAYS

If you are incorporating property into a limited company you will be liable for capital gains tax
Section 162 incorporation relief states you don’t pay capital gains when you move your business from being unincorporated into a limited company
If a partnership has owned property for a number of years there is
There is no SDLT to pay when a partnership incorporates
The benefit of incorporating is the uplift in the base cost of moving the properties from a partnership into a limited
The longer you keep the properties the bigger the gain
The funds belong to the company not the individuals

BEST MOMENTS

‘The longer you have owned the properties the bigger the benefit’

‘Section 24 is just a by-product, it’s the uplift that’s the greatest benefit’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Getting the Right Company Structure

Thu, 14 Jul 2022 00:00:00 -0000

Shaz looks at company structure and the importance of having a structure that is flexible and works for you

There are a range of aspects you need to consider and this is a great opportunity to hear about a flexible company structure that can meet the needs of your business plan, objectives and make you tax efficient

KEY TAKEAWAYS

The right business structure must be flexible and needs to be in line with your business plan and objectives
Don’t just do something because it seems tax efficient do it because it works for you
If you have project after project it can get very messy
A holding company means you can lend and receive money from the other companies
It’s easy to move money and you don’t need to keep the previous companies open
Every company that's open will require tax returns and confirmation statements and this is an expense
Keep the entities separate and limit liability

BEST MOMENTS

‘The right business structure must be flexible’

‘Once you’ve completed a project, it's good to close that company and move on’

‘You can keep recycling as you move forward’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Charging Interest And Paying Yourself

Mon, 11 Jul 2022 23:00:00 -0000

Shaz explains the crucial details around money you take out from a company and how to do it in the right way along with informative content about tax and interest.

He also goes through the best way to loan money to your company and discusses the rate of interest you should be considering

This is a great episode packed with advice and information, listen in and learn more

KEY TAKEAWAYS

If you borrow money from a company you will need to pay interest or file a P11D and pay tax
If you owe the company money 9 months after the year-end you will pay 33.75% tax to HMRC as a Section 455 penalty tax
You can borrow money as a one-off from the company but not repeatedly, which is known as bed and breakfasting
If you are a basic rate taxpayer the first £1,000 of savings income is tax-free. If you are a higher rate taxpayer the first £500 in tax-free
Loaning money to your company can be a higher risk so a higher rate of interest is justified
With a limited company, you only pay tax on the income you draw down as you draw on it. As a sole trader or partnership, you pay tax on all of the profit every single year
In a limited company you control how much you take out and when you take it out and have some control over the tax you pay

BEST MOMENTS

‘You can get to £27,570 without paying a single penny in tax’

‘ The company is a separate legal entity’

‘If you repay the loan you can claim back the money paid to HMRC’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Benefits of a Limited Company

Thu, 07 Jul 2022 00:00:00 -0000

Shaz discusses the differences between various business structures and looks in detail at how a limited company operates

He answers questions from his audience and explains the importance of a shareholder’s agreement along with great advice on the detail of setting up and running a limited company

KEY TAKEAWAYS

With a limited company, you have limited liability
The bank wants a commitment from you about the deal and a personal guarantee is a way of doing this
If you are a partnership the partners pay tax individually, If you have a limited company the company pays the tax
Entrepreneurs’ relief is now business asset disposal relief and has a limit of 1 million
If you sell your shares in the business and claim business asset disposal relief you will only pay 10% tax
With a sole trader or partnership only you, your accountant, your bank and HMRC know what you are doing
As a limited company, you have to follow the companies act and need to make sure you have a shareholder’s agreement

BEST MOMENTS

‘Try to limit the amount of your personal guarantee’

‘The management style is down to the directors’

‘A limited company is less flexible because you have to follow additional rules’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Linked Transactions And is it Habitable

Mon, 04 Jul 2022 23:00:00 -0000

Shaz answers questions on what linked transactions are and discusses with his live audience what makes a property habitable and uninhabitable for the purposes of mortgages and the threshold for stamp duty land tax

Listen in and hear great information and advice that will help you with when SDLT is applicable and when a linked transaction can be beneficial

KEY TAKEAWAYS

Linked transactions are part of the same arrangement
With a linked transaction you may end up paying more SDLT
When there is no kitchen mortgage lenders will deem it uninhabitable
The threshold for uninhabitable is different for SDLT, not having a kitchen does not alone make it uninhabitable
A lack of roof, asbestos and no pipework are issues that make a property uninhabitable
If it’s uninhabitable you will pay less SDLT

BEST MOMENTS

‘The threshold for SDLT is higher than the one for mortgages’

‘He ended up paying £90,000 instead of £221,000 in SDLT’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Liquidation, Reliefs And Serviced Accommodation

Wed, 29 Jun 2022 23:00:00 -0000

Shaz is with a live audience and takes the example of a property entrepreneur who has 2 HMO properties that they want to change, sell and be able to claim entrepreneurs’ relief

Using this example Shaz explains the different options that will mean that the investor can ultimately sell and claim entrepreneur's relief if they follow the advice to meet the criteria set by HMRC

KEY TAKEAWAYS

If it’s a trading business you can claim entrepreneurs’ relief, but not if it’s an investment business
Using your annual exemption and selling in different years will bring a small saving
Change an HMO property into serviced accommodation, run for 2 years to qualify and then claim entrepreneurs’ relief and only pay 10% tax
Entrepreneurs’ relief has a lifetime limit of a million pounds
Entrepreneurs’ relief is applicable if you are selling your business or ceasing to trade
SA property has to be commercially available for letting for 210 days every year and let for 105 days
If you have more than one property you can use averaging out
You can run as SA or move to serviced apartments/bed and breakfast for 2 years after which you can sell and claim entrepreneurs’ relief

BEST MOMENTS

‘If you are only paying 10% tax with entrepreneurs’ relief it’s a huge saving’

‘You have to offer more services than just a room’

‘Investment businesses can’t claim entrepreneurs' relief’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Incorporating, Entrepreneurs And Investors Relief

Tue, 28 Jun 2022 00:00:00 -0000

Shaz is going through how and why you should incorporate and the tax benefits if you do it the right way

He also takes a look at entrepreneurs' relief and how you can claim it along with great information about investors' relief and explains using great real-life examples why taking a longer view about what you are doing can make a positive difference financially

KEY TAKEAWAYS

When buying commercial property make sure you look at the capital allowances
If a partnership incorporates into a limited company there is no stamp duty land tax to pay
Moving a business with all the properties means you are entitled to section 162 incorporation relief
Sell to one buyer, liquidate the company, and only pay 10% tax with entrepreneurs’ relief
Investors' relief is only applicable to an investment business
An investment business buys property that is held to rent out
Rent to rent, deal sourcing and hotels are all trading businesses
If you give shares to an investor on day one and they hold them for 3 years any profit on investment is subject to only 10% tax on the value of the shares

BEST MOMENTS

‘Don’t fix capital allowances, get a survey completed’

‘If you are running serviced accommodation you get 2 bites of the cherry, one on the refurbishment and one on the refurbishment’

‘When you get planning permission the value goes up’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Multiple Dwellings Relief and Expenses

Thu, 23 Jun 2022 00:00:00 -0000

Shaz goes through the 3 key questions you must always ask yourself before you begin any tax planning

-is it legal?

-is it effective?

-is it acceptable?

He also uses real-life examples to share how SDLT works and the possible opportunities to claim and make SDLT savings when you are buying property, listen in and hear more

KEY TAKEAWAYS

When you are tax planning there are 3 key questions; is it legal? is it effective? is it acceptable?
Multiple dwellings relief means you can divide the price by the number of properties you are buying ad work out the SDLT on each property, you may find there is less to pay in tax
If you are buying 2 or more properties there may be an SDLT saving
If there are 2 or more properties with separate entrances you may be able to claim SDLT relief
You can claim anything in your business as long as its wholly and exclusively for the purpose of your business

BEST MOMENTS

‘If you are comfortable with it do it, but if you are not don’t do it’

‘If you’re buying a property with a granny annexe you may be able to reduce SDLT’

‘There are certain expenses that have a dual purpose’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Claiming Capital Allowances

Mon, 20 Jun 2022 23:00:00 -0000

Shaz goes through when capital allowances can be claimed and when they can’t. He uses a specific example of serviced accommodation and looks at how you can minimise your potential exposure both now and in the future in this informative episode

KEY TAKEAWAYS

Serviced accommodation units have an annual investment allowance, you can claim all of the capital allowances up to a certain amount at one time
If you sell and there’s a loss you get a 19% tax saving on the loss, called a balancing allowance
You need to be careful about the amount you claim on capital allowances
If you are going to keep the business for a number of years claim the annual investment allowance upfront
When it reverts to buy to let there are no capital allowances

BEST MOMENTS

‘When you sell, if the person buying is quite savvy, they will ask what you have and haven’t claimed’

‘Don’t claim capital allowances too quickly if you are intending to sell’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Stamp Duty Land Tax, SSAS And Land Remediation Your Questions Answered

Wed, 15 Jun 2022 23:00:00 -0000

Shaz answers questions about Land remediation, Stamp Duty Land Tax and buying property in an SSAS

He answers very specific questions and shares answers that will help anyone who is involved in property, listen in and learn more

KEY TAKEAWAYS

If you get a discount because of work needed to remove contamination there is no additional tax relief

If you are buying a property in an SSAS there are no capital allowances because there’s no taxable profit

If you are buying a property with a significant amount of capital allowances it's probably better to do it outside of an SSAS

If you make a gift and the person lives in the property they can claim principal residency

Include your children as shareholders early on to make the most of the tax advantages

BEST MOMENTS

‘If it’s a property with the usual level of capital allowances buying through an SSAS is fine because of the other advantages’

‘When you gift the property there are capital gains taxes’

‘Make children a minority shareholder and limit their rights’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Linked Transactions and Is It Habitable

Mon, 13 Jun 2022 23:00:00 -0000

Shaz goes into what makes a property uninhabitable and discusses Stamp Duty Land Tax levels connected to linked transactions

He challenges his live audience to come up with some of the answers and explains in detail why an answer is correct or otherwise. This is another episode with great practical information for those involved with property

KEY TAKEAWAYS

SDLT goes up in different stages and layers, the higher you go the bigger the percentage
Linked transactions mean you will pay more SDLT
If a property doesn’t have a kitchen it's uninhabitable and not mortgageable
A property not having a kitchen doesn’t make it uninhabitable for SDLT purposes
The threshold for SDLT is higher than the threshold for mortgage companies
If the roof is missing, there is asbestos or the pipework is all disconnected a property is likely to be judged uninhabitable
If you can demonstrate a property is uninhabitable you can be eligible to pay non-residential SDLT rates

BEST MOMENTS

‘If you don’t claim in the first 12 months, it’s a lot harder’

‘It’s usually a combination of issues that makes a property uninhabitable’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Real World Tax Savings

Wed, 08 Jun 2022 23:00:00 -0000

Shaz talks us through a property he bought back in 2018 for £500,000 explaining the step by step process and the multiple tax savings he made during the purchase and development process.

Using this real world example provides a great opportunity to understand how to take advantage of all of the potential tax savings available because together they add up to a substantial amount that impacts significantly

KEY TAKEAWAYS

We had to go through planning because we didn’t have any permitted development rights
With commercial conversions, it will always cost more and take longer
So commercial property may have VAT on it but others may not
If you are buying a property with VAT on it you will pay the stamp duty on the VAT element
To not pay VAT you can do a transfer of a going concern
You can complete a VAT 1614D, stating you are going to convert a commercial property into a residential property and if the vendor accepts it you won’t have to pay VAT
You may be able to claim capital allowances when you are purchasing
Make sure when the standard enquiries are made that there is a conversation with the vendor about capital allowances
You may be able to claim land remuneration tax
A charity using the property can mean no payment of business rates
If you buy a residential property that’s been empty for 2 or more years you will pay 5% on the refurbishment costs

BEST MOMENTS

‘If you are buying a commercial property and converting it to residential you pay 5% VAT’

‘With most property projects there are one or two things you can do to save a whole load of change’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Incorporating, Entrepreneurs And Investors Relief

Mon, 06 Jun 2022 23:00:00 -0000

Shaz works through detailed real life examples to explain how incorporation and entrepreneurs' and investors' relief can be effectively used in your business

Understanding the rules and procedures around how your business needs to be structured to make the most of the tax relief available is crucial and Shaz shares great content in this episode

KEY TAKEAWAYS

If you are running serviced accommodation there are two opportunities to claim capital allowances, the purchase, and the refurbishment
When you move property from your own name and incorporate it into a limited company you can gain an uplift on the base cost
Companies don’t pay capital gains tax they pay corporation tax
If you are incorporating all your properties, your entire business, you can claim section 162 incorporation relief which means no capital gains tax at that point
If you sell individually capital gains tax is payable
Commercial conversions are a trading activity, you are buying, refurbishing, and selling
A walk in retail business is different to an online business even if the product is the same
Investors' relief can be claimed
If you form a company and give shares to your investors on day one and they keep the shares in the business for more than 3 years they only pay 10% tax on the first 10 million

BEST MOMENTS

‘There are 2 forms of partnership, an LLP and a standard unincorporated partnership’

‘We demonstrated to HMRC that he was eligible to claim entrepreneurs’ relief’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

No Money Down, LLP & Section 162 Incorporation Tax Relief Q&A Session

Wed, 01 Jun 2022 23:00:00 -0000

Shaz takes us through one of his projects sharing great information about planning and how the challenges can be overcome along with how his experience created the opportunity for no money down deals

He answers other questions from his live audience covering Section 162 incorporation tax relief and the flexibility of LLPs

This is a great opportunity to hear more about the questions that property entrepreneurs really want to know the answers to

KEY TAKEAWAYS

You don’t have to invest all your money in one company, diversify and spread the risk across many companies
No money down means using other people's money
Most of the objections and barriers you have in your mind will not ever happen
Properties moved into a limited company are subject to capital gains tax but if you qualify for section 162 incorporation relief there is no capital gains tax payment
Most tax reliefs are available for trading businesses
An LLP is very flexible with a capital and profit share ratio
It’s more flexible for company cars because you, the partners, are the business
An LLP is a flexible arrangement and one you should be looking at within your property business
An LLP is very flexible but the challenge is that most accountants don’t understand them
If you increase the number of dwellings, or decrease them or buy a house that hasn’t been occupied for at least 2 years you only pay 5% VAT on the cost of labour for refurbishment
VAT, if you outsource labour and materials you only pay 5%

BEST MOMENTS

‘Get out of your own way, take action and do stuff’

‘You are only a few steps away from successful you’

‘I’ve used LLPs a number of times to good effect’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Commercial Conversion Q&A

Mon, 30 May 2022 23:00:00 -0000

In this episode, Shaz answers wide ranging questions from a live audience about commercials conversions, holding companies, capital allowances and TOM’s

He also discusses the ins and outs of business structure and whether your company is classified as a trading or investment business

Listen in and find out more

KEY TAKEAWAYS

Renting properties makes the company a trading company
A holding company should hold shares for any other companies
If 20% or more of turnover, profits, value assets, turnover or time spent is directly linked to investment you lose trading status for the group
You are limiting liability when you have a structure with multiple companies
You can claim capital allowances on residential property if you buy, refurbish, and sell but if you are converting it for investment there are no capital allowances
To claim capital allowances you have to have an existing business
Capital allowances can be carried forward
If you have one company managing the properties make sure it’s the company with the assets that are spending all the money on fixtures and fittings
TOMS is for operators who buy in a particular service and sell it on

BEST MOMENTS

‘Don’t mix and match companies’

‘Write to HMRC and explain the scenario’

‘When you change something TOMs doesn’t apply

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Commercial Conversions Company Structure

Wed, 25 May 2022 23:00:00 -0000

What’s the Company structure for commercial conversions? is a frequently asked question and in this episode, Shaz explains all

He shares invaluable content on why setting up a holding company provides the flexibility you need to be able to scale and grow and explains why when you are a trading company there are potentially useful tax reliefs available

KEY TAKEAWAYS

Only do one commercial conversion per company at any one time
Before you do your first commercial conversion set up a holding company
A holding company gives you the flexibility to move finance around
You can have different classes of shares
A trading structure is when you buy, refurbish, and sell properties
If it’s a trading structure when you sell shares in the company you can claim substantial shareholding exemption
If you are holding properties the company becomes an investment business and you lose some tax relief
Make sure you are clear about holding or selling and stick to the plan

BEST MOMENTS

‘It’s called a holding company because it holds all the shares for the SPVs you own moving forward’

‘You lose if you lose trading status’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Things I Wish I’d Known 20 Years Ago

Mon, 23 May 2022 23:00:00 -0000

Shaz is sharing the top 5 key things that will really make a difference, making it easy for those who are just starting out or want to grow their property business

He discusses why you don’t need lots of money to get into property and how commercial conversions are game changers

If you want to grow your business advice from those who have experience and credibility is always worth listening to and as Shaz explains if he had known this stuff earlier he could have moved forward and grown more quickly

KEY TAKEAWAYS

You don’t need lots of money, you can use ‘no money down’ to make great deals, it’s a game changer in growing your property business
It creates your own network of investors and you can scale because you can do more than one deal at a time
With more investment, you can move into bigger deals involving multiple properties
If you have the expertise you can work with people who have money and both benefit
Commercial conversions have great margins and are a great way to grow your property business rapidly
Learn to leverage your time so that you are using your expertise and time in the most effective way
A good deal sourcer can do all the hard work in their area of expertise
A good accountant who is a specialist in property is invaluable
You have to have the right mindset to become a bigger property developer
Whether it’s a big deal or a small deal the effort and time needed are similar so going big is worth it

BEST MOMENTS

‘They have earned their stripes and are talking from experience so listen to them’

‘The more stuff you give away to others to do, the more it frees up your mind to work on your core competencies’

‘Do what you are really good at it’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Best Places to Invest in the UK

Wed, 18 May 2022 23:00:00 -0000

Shaz has done the hard work for anyone who is wondering where in the UK to invest and compiled a list of the best places and explains why in this episode packed with valuable content

From Manchester to Glasgow there are great places to look at carefully if you are a property investor. You need to make sure the numbers stack up and know which strategy you will be using along with visiting to get an accurate view of what a place is like. Listen in and you will know exactly how to get started on choosing your investment area with all the information you need because it’s when you take action the magic happens

KEY TAKEAWAYS

The gap between house prices in the north and south is expected to close in the next 5 years
Manchester outperforms other areas for rental yield so it’s an area to look at carefully
There are great opportunities for investing in Manchester because of the growth
Newcastle is a very fast growing city and is an attractive investment for rental properties and serviced accommodation
Nottingham has a strategic plan that is expected to add nine billion to the economy
Substantial resources are being allocated and the opportunities are great for investors
Bristol has two universities and is attractive to young people with high demand for rental properties
In Scotland, Glasgow has 65,000 students many of which make it their home following graduation. House prices are rising so getting in early as an investor is key
Look at which areas will give you the best rental and capital growth
Consider the areas that your demographic and target tenant will want to live in
Always crunch the numbers to make sure they stack up
Have a clear idea of what you want and the strategy you want to use

BEST MOMENTS

‘When it comes to investing it’s all about location, location, location’

‘The percentage of private rental properties in Newcastle has doubled in the last twelve years, it’s a proven market’

‘I think it's well worthwhile investing in Glasgow because it has both great rental rates and capital appreciation

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Stamp Duty Land Tax Returns, Getting it Right

Mon, 16 May 2022 23:00:00 -0000

Stamp duty land tax (SDLT) is one of Shaz’s favourite topics but is also one of the least understood in taxation.

Shaz takes a look at how stamp duty land tax works and some of the rules and procedures that apply to it, including the thresholds for different bands of payment and some of the rules around uninhabited properties and multiple purchases. Listen in and learn more

KEY TAKEAWAYS

Stamp duty land tax applies to both freehold and leasehold land and property
The rate of tax paid depends on the size of the property and if it is residential or mixed use
Stamp duty land tax is a tax on the transactions themselves
For non-UK residents, there is an additional 2% surcharge payable on any property purchased in England and Wales
A stamp duty land tax return must be sent to HMRC and the tax paid within fourteen days of the effective date
If you think you may be entitled to any exemption seek advice from a specialist
Between 2019 -2020 revenue collected from stamp duty land tax amounted to around 11.6 billion, a significant figure
If you buy more than 6 individual dwellings in one transaction it can be considered a commercial transaction
You can claim multiple dwellings relief when you purchase more than one property in a transaction
If you can evidence a property being in a particular state on the effective date you can pay non-residential rates of stamp duty land tax
Stamp duty land tax is a complicated area and there are many exemptions and reliefs

BEST MOMENTS

‘Before you buy a property you must do the maths and give yourself the options and see which one gives you the best outcome’

‘It’s usually better to seek a refund after paying the initial rate of stamp duty land tax’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

JV Partners - Things You Should Know

Wed, 11 May 2022 23:00:00 -0000

In this episode, Shaz looks at what you need to do to put yourself in the right place to attract JV partners

Hear about why it's important to believe in yourself and begin with smaller steps and do smaller deals that will build your credibility and believability.

When you are getting started you need to be on social media consistently sharing what you are doing, what’s going well, what’s not and what you are learning

Building a social media presence and sharing your expertise will build your credibility and believability so that those with money to invest will know what you can do for them, listen in, and get started

KEY TAKEAWAYS

Any stumbling blocks are magnified by you in your mind
No money down isn’t a complicated strategy
Become comfortable with being uncomfortable
Get out and on social media sharing the deals you are doing
Start with smaller deals and share the information about what you are doing, what worked well, what didn’t and what you learnt
If you share on social media people will start to follow what you are doing
If you are interested in no money down deals start with smaller deals and share what you are doing
You need to build believability by showing people the work and what you are doing behind the scenes
Build credibility by being upfront, honest, and transparent, answering people's questions and showing you have the expertise

BEST MOMENTS

‘Just be open about what you are doing’

‘The more vulnerable you are the more human you come across as’

‘Everyone understands that there are challenges so being transparent and honest makes you more relatable’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

21 Properties in Under 2 Years

Mon, 09 May 2022 23:00:00 -0000

When people are building their property portfolio they often set a goal linked to achieving a certain number of properties but Shaz explains how looking at the income you want to achieve and the different strategies available mean you can reach your goal faster

He uses his own recent project as an example of how you can achieve more with a joint venture partner and takes us through the numbers and strategies that helped him to reach 21 properties in under 2 years

KEY TAKEAWAYS

Use the numbers’ goal and link it to your desired income figure
Make an income number your goal and use a range of property strategies to achieve it
Work with a JV partner to get the deals you want
Developments with multiple properties will help you to grow more quickly
The more properties you have the more income you can generate
Focus on finding good deals and a JV partner
Start with smaller deals, keep it simple and you can rapidly scale

BEST MOMENTS

‘Most people focus and measure their goals through achieving a set number of properties’

‘Go in a different direction and you could do better than most others’

‘We did it from start to end in 21 months’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Stage 1 Deal Appraisal

Wed, 04 May 2022 23:00:00 -0000

Whatever the deal you are looking at its important to have an accurate appraisal and in this episode, Shaz explains stage 1 of his 3 stage process for appraisal

When you have worked out an overview of costs for acquisition, net saleable area, and development you will know if the deal is worth looking at further

Shaz explains the process and then takes us through an example so this is a great episode that will get you started on the vital process of appraisal as a property developer

KEY TAKEAWAYS

The first question about any potential deal is whether it fits your criteria
Work out the net saleable area you can develop and the costs
You need to understand how much it will cost to develop the property
Calculate the price of acquisition and include all associated costs like legal
Work about how much funding you need for acquisition and how much for developing the project
When you have worked out the profit margin you will know if the deal is worth looking at further

BEST MOMENTS

‘It gives a good idea about whether you should look at a deal further’

‘If at any point I think it’s not working out I know to not do anymore’’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Properties Not to Invest In

Mon, 02 May 2022 23:00:00 -0000

Different deals work for different people and Shaz explains how when you understand what you are good at and what your parameters are and you can confidently look at whether a deal is right for you. When you make sure you look at any deal with your head, not your heart, have the right budget in place and always review both the potential upside and the downside then you have put yourself in the right place to make the deals that will work for you

KEY TAKEAWAYS

Don’t be desperate to do a deal, it will lead you to deals that don’t work for you
People are usually sharing their experiences when they talk about deals that won’t work out
Always have a contingency in place
There will always be things that are unexpected but this should not be a regular occurrence
It’s a business and the numbers have to stack up
Use your head and think about your tenants, it’s going to be their home
Make sure you have organised the funding and stick to the budget you have set
Always think about the upsides and the downsides of any deal
Property is an illiquid asset because it can take time to sell
As a landlord, you must avoid overleveraging your portfolio and over-borrowing

BEST MOMENTS

‘You can sometimes find an absolute gem that's not in the best location’

‘If you can make it work do the deal’

Work with your head not your heart’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Top Mindset Tips

Wed, 27 Apr 2022 23:00:00 -0000

As an entrepreneur with extensive experience and expertise, Shaz has some great tips on what you can do to develop and improve your mindset

He has learnt to think about things in a different way and explains why mistakes are the gift of learning, how taking responsibility and being decisive about taking action are crucial and shares the key to self-management

Those who want to learn, listen, change, and improve usually do better than those who don’t, action is a wonderful thing so make listening to this episode the first action you take in developing the right mindset

KEY TAKEAWAYS

Mistakes are lessons, there is no failure and you shouldn't let it hold it back
When you make mistakes learn from them and move forward in a better way
Embrace your mistakes and take action to make a difference
Take responsibility for what happens in your life and what you have control over
Those who take responsibility are usually more successful than those who don’t
You need to be decisive and take action for things to progress and improve
Motion beats meditation, it’s important to stay in motion to achieve your goals and move forward
Self-management is crucial because it leads to effective focused time management
Be disciplined to get the most out of your day
Surround yourself with the right sort of people, those who can support and inspire you

BEST MOMENTS

‘Everyone makes mistakes, it’s just how you react to those mistakes and what you put in place to avoid them happening in the future’

‘Take responsibility - it will be a game-changer for you’

‘Sitting on the fence gets you nowhere’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Top Tips For Property Investing

Mon, 25 Apr 2022 23:00:00 -0000

Shaz has identified the five key areas you need to think carefully about before investing in property.

These tips are a good starting point for identifying the best areas to invest in and how to do the research that will mean you are buying income-producing properties that work for you generating positive cash flow every month and providing capital growth over time

Investing in property is a great strategy but you do need to put in the work so that you invest in properties that you can afford, that cashflow and are in demand, Shaz explains exactly how to do it, listen in, and hear more

KEY TAKEAWAYS

The UK property market is a good place to invest because the market is continuing to grow
You buy property for rental income and the capital growth over time
You are looking at regular income and capital appreciation as a bonus
Property investing is a long term strategy
Rental income can be used to cover the mortgage and maintenance with the surplus as your profit
Look for areas where there is a growing population
Positive economic growth due to corporate growth plans and regeneration are good indicators
It’s important to understand what’s driving growth in an area
Location is important both from an investment perspective but also consider geographical locality for how practical it is for you to manage
To find the best income-producing properties you need to do the research

BEST MOMENTS

‘You need to have a clear strategy in place and do what you need to do to make your business work’

‘You have regular recurring income every month’

‘Aim for positive cashflow every month’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Property Diversification

Wed, 20 Apr 2022 23:00:00 -0000

Shaz discusses the various ways you can and should diversify in property to ensure you are spreading both the risks and returns

He looks at effectively making use of the 70/20/10 principle and shares great advice on how to make diversification in property really work for you

KEY TAKEAWAYS

The 70/20/10 rule means 70% of assets and income come from your primary strategy, 20% of income from your secondary strategy and 10% from your third strategy
In property, you need to diversify to make things work really well
Use the Pareto principle to identify the outcomes from specific strategies
There are many different strategies in property including buy to rent, commercial conversions, residential
Identify what will work best for you and what you are passionate about
Think about investing in a specific geographical area
Review the asset type are you targeting and link this with your geographical area
Property works well if you are clear and focused on your strategy
As your portfolio grows it will require you to be more involved
You can over diversify so it’s important to keep focused on a primary and two secondary strategies

BEST MOMENTS

‘There are quite a few strategies you can deploy in your property business’

‘Geographical area is extremely important’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

The Hidden Costs of Property Investing

Mon, 18 Apr 2022 23:00:00 -0000

Shaz goes through the hidden costs of any property deal from costing the time to complete research to the legal fees and insurance needed

If you are new to property investing this is a great checklist that will mean you know exactly what costs to factor into your property purchase because the purchase cost is only a part of the overall picture and understanding the hidden costs is vital

KEY TAKEAWAYS

Factor in the time costs to complete thorough research for any property deal
Use the services of a property and building surveyor, where needed, to make sure you know what to expect
Work out stamp duty and land tax as these are payable on completion
Purchasing two or more properties may qualify for multiple dwellings relief
If the property is uninhabitable you may be able eligible to pay non-residential rates
You will need to make sure your insurances cover everything required, make sure you have adequate cover
Legal fees can vary but are part of the costs and payable on completion
Always allow for covering voids in rental properties
Use a separate account for taxes
Properties will need repairing and maintenance so keeping a fund available to cover this is crucial
The cost of the property is only part of the total budget you need to allow when doing a property deal

BEST MOMENTS

‘Researching is time well spent on property’

‘Some lenders may cover your legal fees’

‘If after purchasing you are using a management company this cost needs to be factored in’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

TOMS, Pensions and Partnerships

Wed, 13 Apr 2022 23:00:00 -0000

Shaz shares great content on the best way to build your pension through a SSAS and explains how TOMS works and the criteria that may mean it applies to your business

He also answers questions from his live audience about FHL and SA properties and how best to use your tax allowances

KEY TAKEAWAYS

You cannot use the profit from buy to let property to make pension contributions
You can only make contributions from trading income SA or furnished holiday lets. It has to be relevant, qualifying income
A SSAS means you have control and can buy commercial property and loan money
Buy to let Property is always jointly owned between husband and wife
A benefit of FHL and SA is that the profits can be split based on how much work each partner is doing
FHL and SA are treated as trading businesses for tax purposes
If TOMS applies to your business you must use it
If you qualify for the flat rate scheme using it is a choice
If you are a principal, buy in a service and a retailer TOMS applies to your business

BEST MOMENTS

‘Contact HMRC and ask if TOMS applies to you’

‘You are a principal buying in and making no changes’

‘You can reinvest the money that goes into your SSAS every year’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Serviced Accommodation – Capital Allowances, S24 and SLR

Mon, 11 Apr 2022 23:00:00 -0000

Shaz talks all things Serviced Accommodation in this informative episode from capital allowances through to sideways loss relief

He explains the crucial differences between serviced accommodation and furnished holiday lets and discusses what tax relief can be claimed and the best ways to build capital allowances as you purchase more properties, listen in, and find out more.

KEY TAKEAWAYS

In a limited company when you take money out you pay income tax on the salary or dividend
Claim all your capital allowances up to the limit and create a taxable loss going forward
The more property you buy, the more capital allowances you have and the more you can claim in the coming years
With serviced accommodation, you are providing extra services such as laundry
If it’s a furnished holiday let it must be available for commercial letting for 210 days
and has to be let out for 105 days
Stays must not be longer than 30 days
You need to be able to meet the criteria
Sideways loss relief means you use it against other income

BEST MOMENTS

‘It’s to stop you living in the property and claiming the tax benefits’

‘A limited liability partnership and a limited company are separate legal entities’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

At Progressive With Shaz – Tax Questions

Wed, 06 Apr 2022 23:00:00 -0000

Shaz answers questions from property investors about the potential tax implications when you incorporate and move properties into a limited company and when you own properties with other people

There is more great content and advice that anyone with property can effectively use in this episode

KEY TAKEAWAYS

With the flat rate scheme once you are over £225,000 you go onto the standard rate for VAT
TOM’s flat rate works for you as a small business
If a guest stays for over 28 days there is no VAT chargeable
Your asset has been sold from an individual to a limited company
A limited company is a separate legal entity
If you own at least five properties and spend around twenty hours a week working on your business you may qualify for section 162 incorporation relief
If you move the properties into a limited company there is no capital gains tax to pay
If two or more people own the properties together and incorporate there is no stamp duty or land tax to pay

BEST MOMENTS

‘When you make the disposal you don’t have to pay capital gains tax individually’

‘If you have a business and it incorporates you can claim 162 incorporation relief and have no capital gains tax to pay’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

At Progressive With Shaz – Restructuring

Mon, 04 Apr 2022 23:00:00 -0000

In this episode, Shaz shares in-depth and comprehensive answers to property entrepreneurs' questions about restructuring.

Some activities are classified as trading and some as investment so structuring your business in the right way, using investment and trading holding companies makes a huge difference to the tax and reliefs you can claim so this episode is a must for anyone building a successful property business.

KEY TAKEAWAYS

With different property strategies, you should have different companies
Serviced accommodation, flipping and deal sourcing are all treated as trades
Have one holding company as the investment company, with other companies with different people as partners and shareholders
A second holding company can be used trading doing deal sourcing, flipping and SA
If you buy and hold property for tax purposes you have an investment company
When you buy and sell something it’s a trading business
The government incentivise by giving more tax relief and exemptions if you are trading
If shares are sold in an investment company there is no entrepreneurs relief
If 20% or more of your turnover, profit, value of assets or time spent is directly linked to the investment side of the business you will lose trading status
A holding company is determined by the shares it has in the other companies below it

BEST MOMENTS

‘If it’s a trading business the first million pounds you make, you will only pay 10% tax on the shares’

‘You don’t want to lose trading status’

‘You should not mix investments and trading together’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

At Progressive With Shaz – No Money Down

Wed, 30 Mar 2022 23:00:00 -0000

Shaz explains how no money down deals work and takes us through a deal of his own that is a great example of how well ‘no money down’ deals can be a great way to build your property portfolio

He also answers questions about shares and purchasing probate properties along with more information about taxes in this informative episode

KEY TAKEAWAYS

You can find a joint venture partner and work with a funder
100% of the funds came from the two other partners
Trusts have a limited life
If you are a property developer and you don’t spend more than 10% or £10,000 refurbishing a probate property no stamp duty is paid
When a dividend is paid it will be taxable
Alphabet shares mean you can have different classes of shares
It gives the flexibility to pay people different dividends according to the class of share they own
A dividend waiver is complicated and should be avoided
The funds in the company need to be sufficient for some shareholders to be paid a dividend and others to leave their money in the company

BEST MOMENTS

‘I haven’t put in a single penny of my own’

‘You can have shares from A, all the way to Z’

‘I’ve gone on to do quite a few no money down deals’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

FAQ with Shaz

Mon, 28 Mar 2022 23:00:00 -0000

In this episode hear about alphabet shares and how you can freeze some shares and continue to put value into others along with great information about whether you should have a company car or not and how should you finance it

Shaz also discusses business structure and how you can form a holding company structure and then use different business structures for different projects within this. If you are just getting started there’s great content that will make a difference, listen in, and hear more

KEY TAKEAWAYS

Create alphabet shares so that people can have different dividends
You can also restrict voting rights and exit entitlements
You can freeze the value of existing shares and put all value into new shares
Alphabet shares are great for passing over income, assets, and value to your children
You may use different structures for companies doing different things
Think about having a holding company that can create new SPVs every time you do a new project
When the dividend gets paid into the holding company there’s no tax to pay
Having an SPV limits the risk because it's only dealing with one project
If you use your own car you can claim 45 pence a mile for the first 10,000 miles in any tax year
If you have a company car you need to look at the benefit in kind rules
Explore the opportunities and find what works for you

BEST MOMENTS

‘One project in one company at one time works best’

‘Think about your situation and what’s right for you’

‘If you go electric the tax is very low’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Top Mistakes in HMOs Part 2

Thu, 24 Mar 2022 00:00:00 -0000

Shaz continues sharing great advice on how to avoid the most common mistakes in HMOs

From making sure you do the calculations in detail though to researching the area to make sure there is demand and understanding how to look after your tenants this is an episode that used in conjunction with Part 1 will help you avoid mistakes and make sure your HMO has good cash flow and is successful.

KEY TAKEAWAYS

Before you invest calculate the income, expenditure along with the potential profit and cashflow
Have a detailed breakdown of the expenses
Make sure you pay attention to the regular maintenance of your HMO
Have a regular procedure in place and make any repairs
HMO landlords often include bills in the rent of the room
Check to make sure there is demand in the area you want to have your HMO
Most HMOs are in urban areas
There will be a ceiling price for the area and a good agent will be able to help with local knowledge
If your HMO is in the right place of a good standard and run well it’s a good cash flow model

BEST MOMENTS

‘Your rooms should be in tip-top condition’

‘Do your research and make sure there is demand’

‘HMOs work really well for landlords who have their finger on the pulse’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Top Mistakes in HMOs Part 1

Tue, 22 Mar 2022 00:00:00 -0000

Shaz looks at the 5 most common mistakes people make when starting out and running an HMO

There are regulations and processes that must be adhered to with HMOs and it's important to understand what you need to do.

Successful HMOs are run by teams of people who understand how to look after the tenants and the property, if you want more hands-on involvement and can build a good team this is a great cash flow strategy when done properly. Listen in to this great content so that you benefit from getting started in the right way

KEY TAKEAWAYS

You need to be fully aware of what you are getting into
You need to make sure you meet the regulations and that the rooms are of a good enough standard
Be aware of cash flow voids and know how you will cover them
Detail the costs and make sure the figures work
There are a variety of reasons people want to rent a room in an HMO so tenancy is often very fluid
Have a good vetting process in place for tenant
Understand the local market, if there is demand for an HMO and the standard of rooms and facilities
Be fully aware of what’s required to meet regulations and if you are changing use make sure you have checked with planning
There is comprehensive legislation surrounding HMOs and you must be compliant

BEST MOMENTS

‘It’s a good cash flow strategy is done properly’

‘HMOs require hands-on involvement to make them successful’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Property Basics – Becoming Successful

Thu, 17 Mar 2022 00:00:00 -0000

If you are new to property this is a great opportunity to hear about the steps you need to take to build a successful property business

Legacy and financial freedom are the reasons why the majority of people get into property but a successful property business doesn’t just happen by chance it’s about taking the right steps and building a power team and network that can help you learn and succeed

Shaz explains why it’s a journey with challenges but is incredibly rewarding, enjoyable and can make a huge difference to other people’s lives, listen in, and hear more

KEY TAKEAWAYS

Work out what type of property investor you want to be and know exactly what you want your business to look like
Think about your long term goals and objectives and develop the right mindset
Every deal has an element of risk but you can mitigate the risks with the right approach and planning
Work out which property strategy you want to use and then work out the finance in detail
When you are investing in property there are a number of opportunities and good property deals come from the contacts you have
As you grow and expand you will need a team of experts around you – your ‘power team’
You need a network of like-minded people around you, who you can learn from
Make sure you have good advisors around you to help create a good business
Property is a lifelong journey and the more time you spend on property the better the returns for you

BEST MOMENTS

‘When you’ve got the basics sorted it’s time to get started’

‘The more time you spend learning about property the better the return and dividends you will get over time’

‘Networking is a great way to build your property knowledge’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Property Developing with No Money

Tue, 15 Mar 2022 00:00:00 -0000

Shaz shares some great steps that everyone should use if they want to do no money down deals. Building good relationships, being transparent and getting visible on social media are all important aspects of doing no money down deals.

These deals can work well for both you and the investor if you’ve taken the right steps and made sure the deal stacks up. Listen in, follow Shaz’s great tips and get out there and do the deals

KEY TAKEAWAYS

Self-reflect and begin by asking yourself if you would do a no money down deal with yourself?
Share what you are doing on social media, let people see what you are doing.
If you want to do no money down deals you need to reach the most people in the shortest amount of time possible
Always be honest and transparent and people will trust you
Build a relationship first
Does the deal stack up? make sure you’ve done your research and that the numbers work
Your investor pack should be detailed and give the investor confidence in you and the deal
Make sure you under promise and over-deliver
Being honest and open will help create and build long term partnerships

BEST MOMENTS

‘People want to get to know you first’

‘Make sure your deal analysis is accurate and detailed’

‘Transparency helps to build trust and mutual respect’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Sessions With Shaz Q&As on R2SA, Title Splitting, Children in Business and Trusts

Thu, 10 Mar 2022 00:00:00 -0000

In this Q&A session hear about how you can include your children in your business structure and the best ways to do this from a tax perspective

Shaz also answers questions about title splitting, the structure of trusts and explains why

you need to achieve a balance because if you only look at the situation from a tax perspective you will lose out in other ways

KEY TAKEAWAYS

If you have lived in a property there will be no capital gains tax and you will be covered by the principal private residence relief
If you live in a house and rent a room you can claim £7,500 tax-free a year in rental room relief
Exchange is the point at which you enter a legal agreement and is when capital gains tax is triggered
If you are buying more than one property you can look at multiple dwellings’ relief
There is no age restriction for adding children to your business
With exemptions for some jobs, such as acting, children can only be paid a salary from the age of 13 years
Create alphabet shares so that you pass on equity and reduce your inheritance tax exposure
If you add very young children it can be more challenging if you are looking for a bank loan
A child can be a beneficiary of a trust and everyone has a tax allowance every year
If you transfer your properties and assets over to your children you will potentially no longer have any control

BEST MOMENTS

‘If you gift a property and then survive for another seven years you move outside of inheritance tax’

‘Don’t let the tax tail, wag the dog’

‘Tax should not be the only factor’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Sessions with Shaz Q&A’s on Incorporating, Shares, LLPs, and Cars

Tue, 08 Mar 2022 00:00:00 -0000

Shaz is explaining the tax benefits of different business structures and discusses LLPs, limited companies, and partnerships

He also answers questions on company cars and how to effectively structure shares to give you the most flexibility when paying dividends

This is a chance to hear great content about what you can do in your business to make sure you take are tax-efficient

KEY TAKEAWAYS

If you have a business you can incorporate your property portfolio and not pay capital gains tax
A business is somewhere you work for more than twenty hours per week
If a partnership incorporates there is no stamp duty land tax to pay
A company is a separate entity
Create alphabet shares to give the flexibility to pay dividends to only one class of shares
Never own your home through a limited company as you will pay rental and capital gains tax on it
LLP is transparent for tax purposes and doesn’t pay any tax it’s the individual partners that pay tax
Capital allowances and company cars can lower the amount of profit and pay less tax to an LLP
Work out the best structure for your business and add the tax to find out which is the best for you
LLPs are more flexible, limited companies are less flexible. With property have at least one business running as an LLP

BEST MOMENTS

‘With one property you are not that exposed’

‘With alphabet shares, you have the flexibility to pay different dividends’

‘If you are buying a car through a limited company buy an electric car’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Q&A with Shaz - Equity, Education, Expenses and Loans

Thu, 03 Mar 2022 00:00:00 -0000

In this Q&A with Shaz hear the questions people getting started in property want to know about tax and allowances

Shaz shares great information about the best ways to fund education, what you can claim as expenses and the best ways to do this

He also explains how loans to companies work best and the tax implications in this episode packed with useful content

KEY TAKEAWAYS

If the company is paying a dividend then this can be used to fund education
You can claim any expenses if they are wholly and exclusively for the business
New training when you start out in property can’t be claimed but someone who is undertaking continuing professional development can claim for the training costs
Keep a record of any online training and free training you undertake
When you loan money to your company it can stay there as long as you want it to, there is no time limit
If you borrow money from your company you have to pay interest to the company for borrowing the funds
If the company lends you money you must repay the funds within nine months of the year end or pay tax
10% is a reasonable charge for interest on a loan to a company
You have a personal allowance for each year but if you don’t use it, you lose it.
The beauty of a limited company is you only pay tax on the money you take out
If you are a sole trader you will pay tax on everything
Generally, the best way to take out money is through a low salary and dividends

BEST MOMENTS

‘New skill can’t claim, enhancing a skill you can claim’

‘It can be better to claim at 45pence per mile than claim for fuel costs’

‘If you charge interest and you are a basic rate taxpayer the first thousand is tax free’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Property Investing Top Tips

Tue, 01 Mar 2022 00:00:00 -0000

Shaz takes a look at some of the tax allowances that you should be looking at as a property investor to make sure you are getting the most from your business

From deciding whether to incorporate through to what you can and can't claim for this is a great episode that will help anyone to look carefully at getting the most from their allowances as a property investor

KEY TAKEAWAYS

Think about whether you should incorporate your property portfolio
Look at the potential costs and then the possible savings to see if it's worth doing
Make use of all your tax bands and those of your spouse to gain the most from your allowances
Rent a room relief lets you earn up to £7,000 every year
You can claim 150% of the cost through land remediation relief where you are removing contamination from a site
Make sure you claim all the different tax deductibles and tax-free expenses
You can claim for anything and everything as long as it's solely for the use of your business
Tax-free allowances include staff eye tests, mileage, and trivial benefits,
If you are buying six or more properties from the same person together you can use non-residential rates of stamp duty land tax

BEST MOMENTS

‘It’s about doing the numbers and seeing if it’s worth it’

‘Become familiar with your allowances and make use of them’

‘Work out which will give you the best tax relief’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Why I Think Property is a Better Business Than Any Other

Thu, 24 Feb 2022 00:00:00 -0000

As a successful entrepreneur, Shaz has multiple businesses in very different areas with property being one of them and in this episode, he explains why it’s his favourite business giving him not only flexibility but also total freedom

He shares the aspects of property as a business that mean it is like no other business, with flexibility, freedom, and extensive strategies that you can use whether you start and scale up or have a property business as an additional income

KEY TAKEAWAYS

Property is a very flexible business
You can have a small business or scale up and become a large property business
There are an extensive range of strategies you can use the possibilities are numerous
It’s a great additional income and you can create generational wealth with your property business
Property investors are usually more motivated and undertake self-development
No business gives you as much leverage as property
There is no other business where you can create an additional source of income without using any of your money and get capital appreciation
You can pretty easily create £50,000 worth of net profit every year doing commercial conversions with none of your own money
Property means you can achieve not only financial freedom but total freedom

BEST MOMENTS

‘If you are really serious about property you will have more than one strategy’

‘Property takes up the least amount of my time, generates the most amount of income and satisfaction, what’s not to like’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How to Find Your Goldmine Area

Tue, 22 Feb 2022 00:00:00 -0000

Shaz takes us through the criteria he uses when looking at a potential goldmine area

Choosing the right area is key and the critical first step is deciding on the property strategy you will be using.

From identifying your competition to understanding how far you are happy to travel to your goldmine area, this is a comprehensive list that will make sure you have considered all of the key components that can impact a successful goldmine area. Listen in, use this list, and find your ultimate goldmine area

KEY TAKEAWAYS

Your goldmine area starts with you knowing what property strategy you are going to use
If you are looking at HMO’s you need to be in a place with lots of students
Identify how much competition there is in the area
Always find out what the demand is in the area
Decide on your criteria for distance and travelling – how far are you willing to travel to your goldmine area?
What local amenities are available – schools, arts and culture, sports facilities
What workforce is there in the area and does it fit with your tenant profile?
Identify if there are good transport links and connectivity
Look at the local plan for the area and find out from the LA what the growth plan is

BEST MOMENTS

‘Look online and see how many properties are available’

‘I like to stay close to home, so if it's an hour away that’s okay’

The more ambitious and aggressive the growth plan the more demand there will be in that particular area’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Property Strategies Mini-Series Part 6

Thu, 17 Feb 2022 00:00:00 -0000

In this, the final episode in this informative property strategy mini-series Shaz takes a look

at purpose-built student accommodation, social housing, and real estate investment trusts.

Every strategy has advantages and disadvantages, what you decide is right for you will be based on your priorities, how much you want to be involved and what you want to achieve

Listen in to the whole series and decide on the strategies that you want to use and get started

KEY TAKEAWAYS

With student accommodation, you will benefit from a consistent income cycle

and can predict and project the income you will make

Students prefer living in purpose-made student accommodation
Income generation is more important than capital gains
Do your research and make sure the demand in the area
Social property investment is about affordable social housing options
You can work with housing associations and the local authority and have a guaranteed buyer before you start building
Councils can prefer a five-year lease option providing a guaranteed income stream over that time
It’s a good return and there is high demand for this type of properties
Real estate investment trusts are trusts that own and manage on behalf of a group of shareholders
The trust must distribute 90% of its net property rental income to the investors
It’s a hands-off way of earning good returns on your investment and is very tax-efficient

BEST MOMENTS

‘Every strategy is different and you need to work out what’s best for you’

‘Focus on creating a good income stream and business model’

‘You are running a business and providing social value in tandem’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Property Strategies Mini-Series Part 5

Tue, 15 Feb 2022 00:00:00 -0000

So far in this great property mini-series, Shaz has covered Buy to Let, HMO’s, Serviced Accommodation and Buy-Renovate-Refinance-Rent as strategies along with

Commercial Conversions, Flips, Joint Ventures, Rent 2 Rent, New Builds and Lease Options

In this episode, he shares another three property strategies - Deal sourcing, Crowdfunding and Off-plan explaining both the positives and the potential challenges. One of these strategies could be the one that you want to get started on, listen in and find out more

KEY TAKEAWAYS

With deal sourcing you don’t need a lot of money to get started it’s all about your ability to find the right deal
When you are starting out deal sourcing for others can be a successful strategy
The more pre-work you do the better for both the seller and the buyer
You need to be someone who likes being in the middle and can pay attention to the details
You can use crowdsourcing to make your money available for deals that you want
to invest in
It's hands-off - the crowdfunding platform does all the work
Buying properties off-plan means you can negotiate and get a good deal early on
Buying early will mean you will get a better deal than those buying towards the end of the construction
If you are buying multiple properties you will get a better deal, its low outlay and you will have time to source the capital you need
Make sure you do your due diligence and know about the developer

BEST MOMENTS

‘Choose the right strategy and you can get started with very little money’

‘Buying right is extremely important’

‘You can learn what makes a good deal and make a profit on your investment’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Property Strategies Mini-Series Part 4

Thu, 10 Feb 2022 00:00:00 -0000

There are lots of strategies out there and Shaz, across this property mini-series, shares great content and information about the advantages and the disadvantages of the main strategies out there

In this episode, he explains how rent to rent could be the strategy for you if you don’t have any capital and why new builds can help you scale up to being a property developer with great margins. He also explains how lease option agreements work and how to find people who want to have a lease option agreement on their property.

KEY TAKEAWAYS

Rent to rent is renting an asset from the owner and then renting it to the occupier
The agreement with the owner will usually be a fixed term agreement or lease and you can rent out the property room by room
The advantage for landlords is a fixed rent with no voids or involvement in managing tenants
With rent to rent, you can scale up really quickly and make a good profit
With new builds you buy land with or without planning and develop it, the risk is higher if planning is not in place
Do a detailed appraisal with a quantity surveyor - you need to know exactly how much things are going to cost
Rent out the houses, sell them individually or sell to a housing association
It’s a very involved strategy that requires expertise and time but there are great margins
With a lease option agreement, you lease the property with an option to buy
People entering into property lease option agreements usually have a challenge with the property that needs resolving
There are people out there who want this type of arrangement, you need to get out there and find them

BEST MOMENTS

‘If you can find the opportunities it’s a fantastic way to scale’

‘Having more than one strategy is always a good idea’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Property Strategies Mini-Series Part 3

Tue, 08 Feb 2022 00:00:00 -0000

This episode takes a look at joint ventures, flipping and commercial conversions and Shaz has great advice about both the advantages and challenges of these different property strategies

Shaz’s favourite property strategy is commercial to residential but each of these strategies has something to offer the property developer and ultimately its always about making sure the numbers work, listen in and find out more

KEY TAKEAWAYS

Converting a commercial building can be the ground floor staying as commercial and the upper floors being converted to residential or conversion of all the building
Make sure the numbers work, commercial conversions should be at least 20% profit
It’s a hands-on strategy and you need a good team to make it work well
Flipping is buying a property usually below market value and doing some work to it before you sell it for a profit
The value will increase because of the refurbishment you complete
Flipping is easy to get into, requires less expertise and it’s a good strategy for cashflow
You have to buy at the right price and have worked through the numbers
Property joint ventures are about people working together to make some profit
You need to be very clear about roles and responsibilities
A joint venture partnership maybe someone with the expertise and someone with the finance
The key is good communication and understanding the costs and responsibilities of everyone involved

BEST MOMENTS

‘There are lots of commercial properties for conversion out there at the moment’

‘It should be at least a 20% profit margin, if not, don’t do it’

‘You can get some really good deals, especially if you are good at negotiating’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Property Strategies Mini-Series Part 2

Thu, 03 Feb 2022 00:00:00 -0000

In this episode of the property strategy mini-series, Shaz takes a look at serviced accommodation, HMO’s, BRR as property strategies.

He explains some of the pros and cons of the strategies and discusses the ones he uses and why, whether you are just getting into property or already on your property journey Shaz shares great content

KEY TAKEAWAYS

With HMO’s individual rooms are let so the cash flow can be higher but there are more regulations
You need to be more hands-on managing HMO’s
Speak to the HMO officer at your Local Authority and make sure you are aware of the regulations
Having more than one tenant means you are spreading the risk
HMOs are time intensive in management and community but from a cashflow perspective they are very effective
Serviced accommodation is good from a tax, cash flow and business perspective
With SA you can be the owner and the operator
Sa has good tax benefits such as capital allowances
Be aware that finance and funding are different for SA
Buy, refurbish, refinance and rent, refurbish to add value, refinance to extract funds, keep the property and increase your cashflow
BRR is a fantastic opportunity and can be done on a bigger scale with commercial conversions

BEST MOMENTS

‘HMO’s can generate higher returns than a single let’

‘Serviced Accommodation, as a business model works really well’

‘You can scale SA effectively and have a great business to sell’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Property Strategies Mini-Series Part 1

Tue, 01 Feb 2022 00:00:00 -0000

In this, the first episode of this property mini-series Shaz explains why buy-to-let is a good strategy to get started with and how commercial property can be a fantastic investment and worthwhile addition to your property portfolio

With informative content, this is a great opportunity to hear how to get started in property and connect with the strategies that work for you

KEY TAKEAWAYS

Diversify and have two or three strategies
Buy-to-let is a good place to start if you want to keep risk exposure lower
You will need capital in property development but you can use other people’s, those who are cash-rich but time-poor
It’s important to have an exit plan- you need to know at the start where you are going
Work to have a good team around you and decide whether you want them in-house or freelance
Buy-to-let is low risk, an easy market to enter and gives good returns
You will benefit from having both cash flow and capital appreciation
You need to have a plan for when the property is empty
There is good demand for commercial property
You can claim capital allowances and there are tax advantages with commercial properties

BEST MOMENTS

‘Connect with the property strategy that works best for you’

‘Commercial property is a fantastic investment and should be part of your overall portfolio’

‘It’s an easy market to get into giving you consistent returns’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Top 5 Most Common Property Mistakes – Part 2

Thu, 27 Jan 2022 00:00:00 -0000

In this episode hear more great tips on how to avoid the most common mistakes in property. Shaz looks at financial planning, key experts along with the importance of training and explains what you can do to put yourself ahead in your property journey and benefit from the experience and knowledge of others, listen in and find out more

KEY TAKEAWAYS

It’s important to have a property plan and know the direction you are going in; it gives you clarity
Know your financial goal and have an understanding of your costs
Consider the structure you have in place for buying properties, this should be part of your plan
Know what you are spending on a monthly basis and factor in potential unknown costs
Mistakes can be avoided if you have a plan and do your research
Focus on your target and how you are going to get there
Asking the experts for advice is always worthwhile
Work with people who are experts in their particular field
Expanding and growing your knowledge through self-development will shorten your learning journey
When you are planning include time and resources for training and self-development

BEST MOMENTS

‘Most investors are quite leveraged’

‘Stick to your principles, values, and targets’

‘When you find a good expert work with them as if they are part of your team’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Top 5 Most Common Property Mistakes - Part 1

Tue, 25 Jan 2022 00:00:00 -0000

If you know what the common mistakes are you can avoid them and save money and time. In this episode, Shaz looks at the most common mistakes made by those new to property investment

Property is one of the most exciting businesses out there with great opportunities

and if you take the time to learn from others mistakes you will be putting yourself on the path to success

Avoiding the common mistakes in property investment can make the difference between success and failure, listen in, and learn how to start successfully

KEY TAKEAWAYS

In property, you need to make sure your decisions are based on logic and Knowledge
Have criteria that you work to and view every transaction through a business lens
Objectivity and being analytical is key in successful property investment
Research is vital so that you understand the market, the costs of refurbishing and how to find tenants
You can save money buying new properties because of the lower maintenance costs
Make sure you know exactly what you are buying, negotiating about faults or damage can only take place before the deal is complete
Does the property have the features and amenities your ideal tenant will want?
You need to understand what your tenant, your customer wants
Due diligence takes time but it’s always worth the investment of time
You need to have a clear investment strategy to be successful
Low-cost property will usually mean lower returns but are easier to buy, higher cost properties can be harder to find and buy but provide better returns and capital appreciation
Always try to look at a property from the viewpoint of your tenant

BEST MOMENTS

‘Sometimes for all of us the heart takes over’

‘The more experienced you get the better you get as a property investor’

‘If the numbers don’t stack up always walk away from the deal’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How I Made 100k in Tax Savings

Tue, 18 Jan 2022 00:00:00 -0000

These are things everyone can do to make considerable tax savings when developing property and Shaz goes through what can be saved, step by step using one of his own developments where the total in tax savings exceeded a 100k

He explains all the possible points that tax saving can be made and shares why it's so important to work with a tax expert. Listen in and hear about what steps you can make to optimise your tax savings when developing property

KEY TAKEAWAYS

Before any tax planning, you need to ask yourself is what you are doing legal? Is it effective? Is it acceptable?
Your tax advisor and accountant will be giving you advice based on the rules set by Government and HMRC’s job is as the enforcer
Look for around 20% as a baseline profit margin
If you have a sitting tenant you can use the ‘transfer of going concern rules’ and not pay the VAT but you need to register for VAT moving forward
If you are converting from commercial to residential you can complete a VAT1614D form and give it to the vendor
When you purchase a commercial property speak to a capital allowances tax expert early on
Land remediation relief means you can claim back 150% on the costs when there is contamination like knotweed
If you subcontract labour and materials you can make significant tax savings
You need to be proactive and work with a tax expert and understand it’s the simple things that can make the biggest difference

BEST MOMENTS

‘Make sure you speak to an expert so that you don’t miss out on capital allowances’

‘Planning always takes a lot longer than you think and is more complicated’

‘The savings are big so make sure you look at everything in detail’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How Much Money Do You Need To Get Into Property

Thu, 13 Jan 2022 00:00:00 -0000

Shaz shares how his mindset around the ‘No Money Down concept has changed and explains why it can only work if you believe you can make it happen

You can get into property with a small amount of money if you have expertise others don’t have and can leverage your expertise with others capital to do property deals that work for everyone

KEY TAKEAWAYS

You need a small amount of money to get started in property
It’s important to understand how money works
Invest in yourself and get educated to increase your property knowledge
There are lots of people out there who want to invest in property but have no time, knowledge, or expertise
People want to work with someone who has the right knowledge and expertise
You need a level of expertise that others don’t have
if you want to make it happen you have to believe in yourself

BEST MOMENTS

‘There was only one way to do it, by leveraging other people’s money’

‘I find the deals and I make them happen’

‘I only work with people I know, people who give me the space and time to do the deals’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Property Tax Planning – Top Tips Live Q&A

Tue, 11 Jan 2022 00:00:00 -0000

In this live Q&A Shaz answers wide-ranging questions about businesses and tax

He shares informative content about tax relief and deductible expenses and the importance of exploring all the ways you can claim and save for you and your business along the crucial role a specialist tax advisor plays in making sure you are accessing all the tax relief you are entitled to and structuring your business in the best way

KEY TAKEAWAYS

Consider and review whether it’s worth incorporating on a regular basis
Plan your remuneration and salary to make sure you don’t lose child benefits if you have a family
Sometimes balancing a higher and lower-income between parents can be the most effective solution
If you are buying a commercial property you must speak to a financial adviser who is a specialist in capital allowances
With serviced accommodation capital allowances can be claimed when you purchase a property and when you refurbish the property
With cars, there are various options available within your business structure and it's worth considering an electric vehicle
If you are buying property through a limited company that is contaminated you can claim land remediation relief allowing you 150% relief on the costs to remove the contamination
If you have partners in a company and you are injecting cash then you should draw up a loan agreement
You can use different types of shares within your company for flexibility
If you are married and one partner is not using their personal allowance 10% can be given to the spouse
Under ‘rent a room relief’ the first £7,500 is tax-free
The employment allowance can be claimed if you employ people and can be beneficial in helping you to pay national insurance contributions
If you are a company director or employee trivial benefits means anything up to fifty pounds isn’t taxable in accordance with certain conditions

BEST MOMENTS

‘If you don’t use certain allowances you can lose them’

‘Capital allowances is a big one but there are still people who lose out’

‘Always have a pre end of tax year meeting with your accountant’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Liam Ryan ‘The Deal Maker’ - Building Communities and Empowering People

Thu, 06 Jan 2022 00:00:00 -0000

Liam Ryan ‘The Deal Maker’ has built a multi-million-pound business and now as a mentor supports others on their property journey

He talks to Shaz about building communities, finding your tribe and what it really takes to build connections and make a positive difference for yourself and those around you.

There are many different ways to make money in property and Liam discusses the importance of focus and why with the right mindset and mentors you can make the world a better place

KEY TAKEAWAYS

You have to believe in yourself and learn to push through challenging situations
When you are feeling down you need to do something to get yourself out of your head
Social media means people can know you and trust you without ever having met you
People are looking for connections and to be part of a tribe and community
Find a great community of like-minded people who will give you a kick when you need a kick and a cuddle when you need a cuddle
There is a chance now to make the world a better place and with the right mindset you can be in a great place
The most important thing is to upgrade the circle of people you hang out with. You are the average of those people you have around you
Find what you are passionate about and good at, turn your passion into profit. Look to serve people, build communities, and empower people
As the ‘Deal Maker, I’ve always been good at finding the right people with the right skills to get the right results
Communication is key, set your intention from the beginning in any deal, always over-deliver and keep focused
There is more money than ever in the world and you can use other people’s money to grow your own business if you do it the right way
To raise money, you need to get yourself in a pitching position with a great deal or service that can help others to make money

BEST MOMENTS

‘I am who I am and I care for myself and believe in myself’

‘A lot of people don’t do enough of what they enjoy’

‘Every single person has the power to make the world a better place’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Rent 2 Rent How it Works

Thu, 30 Dec 2021 00:00:00 -0000

Is rent to rent a good strategy?

Shaz explains exactly what rent to rent is, how to make it work, what the challenges are and the way to effectively scale a rent to rent business

Rent to rent and rent to SA are great ways to get into the property market because there is little money down. Listen in and hear about how to get into the property market and build a successful rent to rent business

KEY TAKEAWAYS

You can use HMO or single lets for rent to rent
You can do rent to Serviced Accommodation, rent the property and then let it out by the night
Rent to SA will create more cash flow than rent to rent
For a minimum amount, you can create really good cash flow
Rent to rent and rent to SA is a good way to enter the property market
Once you get into the property market with rent to rent it opens up other opportunities and strategies
Stress test the numbers with the worst possible scenario to make sure it works
There is no capital appreciation but there is value in the business you build
As you scale you will have the cash to invest in properties
You need to have a good legal agreement with the landlord
Be upfront about what you are going to do, always be open and transparent

BEST MOMENTS

‘You are the deal maker, making it work’

‘Rent to SA is incredibly popular and works really well’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How to Scale Your Property Business Part 3

Tue, 28 Dec 2021 00:00:00 -0000

In part 3 of this mini-series, Shaz looks at how you can maximise your time and only do the things you want to and are really good at as well as sharing great content on networking and its value to you and your business

He also takes a look at an area that is often a challenge in business – keeping good financial records along with the value of good maintenance for your properties

If you are scaling your property business this is a must-listen

KEY TAKEAWAYS

At the start of your business, you can find yourself being all things to all people
Make sure you have enough time to work on your business if you want to successfully scale
Be strategic know where you are going how you are going to get there and what you need to get there
Have a clear strategy and only change direction if there is a good reason to do so
Delegate as much as you can
It’s important to network and build a good team around you
Your network can help you to scale and build your business
Focus on creating a good power team who have expertise in the area you are working on
Your power team should share your aspirations
Look after your properties and ensure that repairs and maintenance are carried out regularly
Keeping good financial records is key in making sure you know where you are and have the information you need
Review your financial position regularly so that you can make changes if required to reach your targets

BEST MOMENTS

‘Finance is the blood flow of any business’

‘Make sure you understand the bigger picture’

‘Take time creating a really great power team who have your best interests at heart’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How to Scale Your Property Business Part 2

Thu, 23 Dec 2021 00:00:00 -0000

Listen in to Part 2 of this informative series from Shaz with great content about scaling and growing your property business

In this episode you can learn about how diversifying is beneficial along with why systems are the key to consistency and all about creating the right business structure that can grow with you

KEY TAKEAWAYS.

Diversify to mitigate risk because there are always fluctuations in the property market
Unless you have an infinite amount of money you will need to rely on other sources of funding
There are a range of different ways to access funding including joint ventures and development finance
Having leverage means you can build up a big and sustainable business very quickly
Systemise and it will be a game-changer for your business. It will mean consistency and that your business is less dependent on you
Start building systems as soon as you begin your property journey
Success takes time and the most successful businesses are those that start small, invest in themselves, and build great networks
Having the right company structure requires effort but makes all the difference to scaling your business
A good structure will help you to scale, help maximise your returns and help to secure funding
Different structures work for different people according to their goals and objectives

BEST MOMENTS

‘Diversification is extremely important and reduces the risk for you’

‘It’s important to think about who you want to involve in your property business to help you scale up’

‘Have the right structure in place to help you grow and develop’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How to Scale Your Property Business Part 1

Tue, 21 Dec 2021 00:00:00 -0000

In this episode, the first of a three-part series Shaz explains why you need a clear strategy and the importance of being focused on your goals if you want to scale and succeed in your property business

He also looks at why taking on the bigger deals can make all the difference when you are scaling along with the importance of understanding all aspects of your goldmine area. Listen in and find out more

KEY TAKEAWAYS

Bigger deals will make you more money and there is less competition
The effort required for a small deal is the same as that needed for a bigger deal
At the start, you need to spend time investing in yourself and know about people, products, and places
A good foundation will serve you well when you want to scale up
You need systems and processes in place for every area of your business
When you have a process and everyone follows it you will get a consistent result
Be clear about your strategy, what do you want to achieve?
Research and focus on your gold mine area
If a deal is good - get it over the line and make some money
Location is critical and key to your success
Look at how you can add value to any property you are purchasing
Get to know yourself, develop your strengths and get others to help you in areas that you don’t like doing
Being disciplined, diligent and consistent to be successful

BEST MOMENTS

‘As a property investor if you do things right you can make good margins, good profit and make a difference to people’s lives’

‘Once you are systemised growth will be easier’

‘Play to your strengths and be flexible about adapting as you grow’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

My Advice to Young Property Investors

Thu, 16 Dec 2021 00:00:00 -0000

Looking for a better lifestyle means more young people are getting into property investment and as someone who started young as a property investor Shaz has some great advice based on his own experiences

He explains what will make a difference to your property journey and shares some great free resources that will mean you get started in the right way along with paid resources that can really move you to the next level as you get into property

KEY TAKEAWAYS

Make use of free resources across video channels and audio downloads, there are many experts out there sharing their expertise
Keep up to date with the news to know what’s happening with the property market
Go out and talk to others, get to networking meetings whenever you can
You get to know a huge range of people when you network with others
Join communities and groups on social media and take part in the conversations
Find a mentor because this is someone who has already been on the journey and can share with you all they know
Make sure your mentor has worked in the area you are looking at
You can look to do deals like joint ventures to get started
Deal sourcing can be a great way to get started in the world of property
Local deal sourcers are really important to investors outside of an area so if you have good local knowledge and network your skills will be valuable
Deal sourcing and rent to rent could be the way into property

BEST MOMENTS

‘Get started early to make progress early’

‘The more you read the more you will learn’

‘I’m a huge advocate of deal sourcers and what they do’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How to Avoid Getting Ripped Off on the Refurb – Part 2

Tue, 14 Dec 2021 00:00:00 -0000

This episode is part 2 of Shaz’s great advice on how to make sure your refurbishments and renovations are efficient, effective and successful

With another ten tips covering what you should be doing as well as great reminders about what not to do.

From miracle cures through to good design listen in and hear exactly what to do to make sure your refurbishment projects are successful every time

KEY TAKEAWAYS

Don’t go for the miracle cures, if it sounds too good to be true it probably is
If you are working on a property make sure the work you complete compliments what’s already there
Don’t be tempted to cut corners and buy cheap – it will comprise what you are doing and you may end up having to do it again
What you are doing should enhance the building, make a good job but keep it simple
Build a relationship with a good builder and ask their opinion and advice about your refurbishment
Ask your builder to help and guide you, use their expertise to make sure you are getting the best deal every time
Make sure you are involved in the process to get what you want at the end of the refurbishment
Poor design is a waste of money and often impractical – good design is transformational and increases value
Energy-saving matters and you should take every opportunity to create energy efficiency
Make sure you are working in the right way, make good use of a detailed schedule so that time and costs are managed successfully

BEST MOMENTS

‘Certain postcodes and areas have a ceiling price and you need to be aware of what it is’

‘Because I knew the numbers we could make it work’

‘Poor design can squander potential, waste money, waste space and lose you profit’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How to Avoid Getting Ripped Off on the Refurb

Thu, 09 Dec 2021 00:00:00 -0000

Shaz wants to make sure no one gets ripped off or loses money on a property refurbishment project and shares his first ten tips on successful refurbishment

If you are new to property use this list to make sure that you ask the right questions and take the right actions

Property refurbishment is a great opportunity and Shaz’s practical advice will make sure you get the best start as a property developer

KEY TAKEAWAYS

Always have a property survey and give your surveyor specific instructions on what to look out for
Make sure you find out about any planning restrictions, what can you do and what can’t you do?
Don’t waste money on unnecessary stuff keep it simple and elegant make it neutral to appeal to as many people as possible
Good communication is vital, so schedule regular meetings with your builder
Make sure you order enough materials, having to order extra if you are short will be expensive
Don’t underestimate the costs, make sure you have included everything that’s needed
Remember to factor in the professional costs that will be part of the project
Get more than one quote for anything you are paying for, avoid the temptation of going for the cheapest, look for the best value
Only spend money on what you need to, make sure there is a good job done on the physical structure of the property
Repair rather than replace especially on an older property as the originals will usually be of a good quality
Use the right materials, if you are working on a traditional property make sure the materials you use are in line with the existing ones

BEST MOMENTS

‘When you start make sure you have a contingency fund and don’t waste money on expensive stuff’

‘Order around 5-10% more than you need’

‘Cowboy builders do exist and you need to avoid them’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

FREE WEBINAR - https://bit.ly/shazwebinar

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Property – Passive Income or Active Income

Tue, 07 Dec 2021 00:00:00 -0000

The choice is yours about whether property is a passive or active income, many choose a hybrid model.

You need to look at the different options and decide on the one that is right for you and Shaz has informative content in this episode about the tax implications and the various property strategies out there that could work for you.

Whether you are looking for a passive or active income from property listen in and hear really useful content that will help you on your property journey.

KEY TAKEAWAYS

If you hold property in your own name, you pay tax on the profits and income, when you sell the asset you pay tax on it as capital gains. If it’s through a limited company everything is paid at corporation tax rates
The biggest factor is the amount of time you spend on running your property portfolio
You have to know your marketplace, your customers and what they need from you
Have good systems and processes in place to increase efficiency
Know your numbers – you need to understand all the key numbers to know if a deal will work for you
Before you buy any property you need to know if the deal stacks up and if it will cash flow
Understand at the start what your exit strategy is
Cash flow is vital with capital appreciation as a bonus
Is the investment objective to generate income over the short or long term?
Passive income is when you aren’t involved in the day to day and the property is usually managed by someone else
Active income is receiving a fee for time you have spent

BEST MOMENTS

‘When you move properties from your own name to a limited company you may not have to pay capital gains tax’

‘Be disciplined, start with the end in mind and have clarity about everything within your business’

‘You can have a hybrid model and do a bit of both’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

FREE WEBINAR - https://bit.ly/shazwebinar

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

https://bit.ly/shazwebinar

Building Beyond Yourself with Saj Hussein

Thu, 02 Dec 2021 00:00:00 -0000

Shaz is talking to Saj Hussein, a hugely successful property entrepreneur about his journey and the challenges and successes he has faced along the way

He talks candidly about how he got into property investment, what it has given him, what he has learnt and why, as someone who specialises in joint ventures, building relationships is so important. He also shares great content on property and how he has achieved success along with a fascinating insight into the life of a successful property entrepreneur and what it really takes to make a difference

FREE WEBINAR - https://bit.ly/shazwebinar

KEY TAKEAWAYS

Being the first person to go to university in your family is a big thing. Some people hold themselves back because they don’t have a qualification
My confidence grew beyond my capability and it all came crashing down
I learnt so much more on the way down than the way up
I learnt that I really wanted to do my own thing and I wanted to do something bigger and beyond me
I started in property by learning and going to networking events
It wasn’t about being in property it was how do I do it?
There are degrees of motivation and we were looking for people who were really motivated
You are in an isolated world and you have to keep pushing
Everybody doesn’t think the same way, not everyone is driving forward and investing in self development
I have built the business by working with lots of different partners
Inspiration is about the journey and how someone does something
A coach will help to get the best out of you, a mentor is someone who has already done it
When you work for someone else there is an element of dependency
People don’t always explore and push what they are capable of

BEST MOMENTS

‘I realised you could have a lot more; it was just that we didn’t have it’

‘I was re-selling that value to someone else’

‘I spend time learning about other people who are successful’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

FREE WEBINAR - https://bit.ly/shazwebinar

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Building Beyond Yourself with Saj Hussein

Thu, 25 Nov 2021 00:00:00 -0000

Shaz is talking to Saj Hussein, a hugely successful property entrepreneur about his journey and the challenges and successes he has faced along the way

KEY TAKEAWAYS

Being the first person to go to university in your family is a big thing. Some people hold themselves back because they don’t have a qualification
My confidence grew beyond my capability and it all came crashing down
I learnt so much more on the way down than the way up
I learnt that I really wanted to do my own thing and I wanted to do something bigger and beyond me
I started in property by learning and going to networking events
It wasn’t about being in property it was how do I do it?
There are degrees of motivation and we were looking for people who were really motivated
You are in an isolated world and you have to keep pushing
Everybody doesn’t think the same way, not everyone is driving forward and investing in self development
I have built the business by working with lots of different partners
Inspiration is about the journey and how someone does something
A coach will help to get the best out of you, a mentor is someone who has already done it
When you work for someone else there is an element of dependency
People don’t always explore and push what they are capable of

BEST MOMENTS

‘I realised you could have a lot more; it was just that we didn’t have it’

‘I was re-selling that value to someone else’

‘I spend time learning about other people who are successful’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

FREE WEBINAR - https://bit.ly/shazwebinar

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Don’t be Desperate for a Deal

Tue, 23 Nov 2021 00:00:00 -0000

FREE WEBINAR - https://bit.ly/shazwebinar

What you don’t do in property is as important as what you do in the world of property and

mistakes can be very costly so Shaz is sharing advice that will help you to avoid the mistakes and make a success of any property deal

Shaz goes through a live example of a deal currently being completed by one of his mentees and explains how to make a deal work and shares a great system that anyone can use to make sure they get a deal that works

KEY TAKEAWAYS

You need to be disciplined in the way you approach any deal
Valuations are completed by an independent third party
The only number in the deal that can be changed is the purchase price
Everyone is at different stages in their journey
Always go through the numbers and work backwards from the end
If the numbers don’t stack up don’t do the deal
Use your money wisely to get the best return as quickly as possible
Have someone with expertise who can challenge and support you
You need to look at both the upside and the possible downside of any deal

BEST MOMENTS

‘You must always run the numbers’

‘People can be so desperate to get a deal done that they don’t do it well’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

FREE WEBINAR - https://bit.ly/shazwebinar

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Why I Think Commercial Conversions are the Best

Thu, 18 Nov 2021 00:00:00 -0000

Shaz explains why he loves commercial conversions and shares great content on what to look for and how to get the best from a commercial conversion development

With great opportunities to save on tax, bigger spaces to work with, prime central locations and a basic structure already in place what not to like about commercial conversions?

FREE WEBINAR - https://bit.ly/shazwebinar

KEY TAKEAWAYS

Find a commercial property and convert some of it into residential accommodation
Commercial properties are usually cheaper per square foot than residential properties
If you convert and use it as serviced accommodation you can claim capital allowances
It’s a big opportunity to save on tax moving forward
There is usually less work involved in conversion because there is already a basic structure in place
There is a lot of commercial property available in city-centre locations
You can do more with a commercial property, there is more space to work with
Rental income provides regular cash flow and means you keep the asset
People want nice spaces and good amenities

BEST MOMENTS

‘You should be looking at commercial property’

‘You can get some really good deals on commercial properties’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

FREE WEBINAR - https://bit.ly/shazwebinar

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

When is it a Good Time To Get Into Property?

Tue, 16 Nov 2021 00:00:00 -0000

Shaz takes a look at how the property cycle works and discusses whether you should try and

beat it predicting what may happen or work in the present looking for good deals with a strategy that works in your gold mine area

Listen in and hear about the stages of a property cycle and the strategies and approaches that make the difference as a property investor

FREE WEBINAR - https://bit.ly/shazwebinar

KEY TAKEAWAYS

A property cycle is generally 18 years in length
After a property crash, there is a recovery phase
When the market enters the boom phase prices rapidly rise
In theory, avoid buying in the boom period
The market booms when there is more demand than properties available
Flipping property in the peak period can be profitable but if you flip as prices drop you can lose money
You have to be cautious, especially if you are new to property
You can’t predict the future, look at the market and opportunities now
High levels of unemployment can be an indicator that the economy is unstable
Understand your gold mine area and the opportunities
On average house prices double every ten years

BEST MOMENTS

‘Wait for the drop to occur before you buy to maximise your profits’

‘Run the numbers and see what works for you’

‘The UK is often described as having a two-speed property market’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

FREE WEBINAR - https://bit.ly/shazwebinar

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

What Makes a Motivated Seller?

Thu, 11 Nov 2021 00:00:00 -0000

Finding a motivated seller is the best way to get a good deal and knowing how to find a motivated seller and the reasons ‘why’ they want to sell is crucial in securing great deals

Listen in and hear from Shaz about how to locate motivated sellers and what you can do to get the deal you want and solve their problem

FREE WEBINAR - https://bit.ly/shazwebinar

KEY TAKEAWAYS

Some sellers become motivated over time. Motivated sellers are more likely to accept an offer
Buying below market value means a better margin for you
Look for houses listed with multiple agents and contact them directly
Working without an agent has savings for the seller
Work out what the seller’s priorities are
If you can solve more of their problems they are more likely to accept your offer
Write to all the sellers in your goldmine area and find out who’s motivated and what their pain points are
Find a motivated seller, ease their pain, solve their problem, and get a much better deal

BEST MOMENTS

‘Motivated sellers usually have a deadline that they want to sell by’

‘If you can close a deal quickly then agents will be more positive’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

FREE WEBINAR - https://bit.ly/shazwebinar

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

My Property Frustrations

Tue, 09 Nov 2021 00:00:00 -0000

Shaz loves being in property but in any area, there are positives and also frustrations and challenges

People don’t always talk about the challenges but in this episode, Shaz shares his personal top 3 property frustrations, although he’s quick to point out its individuals, not a whole sector who are not getting it right

There are always frustrations and challenges, listen in and hear what Shaz’s are and how he overcomes them

FREE WEBINAR - https://bit.ly/shazwebinar

KEY TAKEAWAYS

Certain deal sourcers promise you the world and then present deals that don’t stack up
Most of my deals come through deal sourcers who are really good
You can get struck with the seller’s solicitors not getting things done and not finding solutions
Sometimes things can get really convoluted and take a lot longer than they should
Finance takes way longer than it needs to, banks and lenders promise quick turnarounds and take far too long
Often information is not requested when it should be
Overall, my experience of planning has been positive and there is a lot that goes on behind the scenes

BEST MOMENTS

‘I love property it's one of the best businesses out there’

‘They say one thing and then you get the numbers and they just don’t stack up’

‘On the phone, 5 minutes and it was sorted’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

FREE WEBINAR - https://bit.ly/shazwebinar

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

What Are Your Funding Options

Thu, 04 Nov 2021 00:00:00 -0000

There are a range of finance options out there for property investors but people often begin their property investment journey thinking they will need to fund the purchase with their own money but you don’t have to and Shaz shares some great options that are available right now

Using a finance option will mean you can grow faster and with a range of different options available it’s about finding the ones that work for you and listening to this episode is a great way to start

KEY TAKEAWAYS

Fund a purchase with your own money and you won’t need to go through the process of obtaining finance and there is no interest to pay
When there are finance options out there, why would you not use them to grow faster?
Banks do buy to let mortgages but you need a good credit score and around 25% as a deposit
Banks usually do interest only with the capital being paid at the end
Always have an exit plan
Challenger banks often have lower fees and can be more flexible but don’t have a physical presence
Bridging loans work really well over a shorter period and are great for property flippers and those who may not get a loan in another way
Peer to peer lending is fast, quick agile and increasing in popularity, it’s a good option to look at
A personal loan from a family member may not have interest payable at all but make sure there is a clear contract in place
A property investor hunter licence is secured against your existing properties and gives you a pre-agreed agreement
No money down is about using someone else money and agreeing on how much of the profit they will get back

BEST MOMENTS

‘Don’t just go down one path explore multiple options to find out what is the best for you’

‘There are finance options out there, why would you not want to use them?’

‘Why use all of your money? Use some of yours and some from others’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

FREE WEBINAR - https://bit.ly/shazwebinar

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

What NOT to DO in Property

Tue, 02 Nov 2021 00:00:00 -0000

What not to do is as important as what to do in property and Shaz goes through his top six tips in this episode

Hear about the value of training, making decisions without emotion and why you should start by learning and implementing one property strategy

There are always people telling you what you should do but if you take Shaz’ advice about what not to do you can avoid the mistakes and become successful in property a lot faster

KEY TAKEAWAYS

Set aside money for training, it will give you the best return
Training can help you learn things from others and you have the opportunity to make contacts
Buying a house is a business decision don’t buy with emotion and have an appraisal system to see if the deal meets your criteria
Make sure the deal will get you to the end number you want
Begin with one property strategy, learn how to do it, implement it, and be focused
Stop being cheap – cheap does not equate to good
Always go for the best you can afford because you usually get what you pay for
You should work to a point where you are doing ‘No Money Down’ deals
Involve other people and move to bigger projects

BEST MOMENTS

‘Spend money on training and it will pay dividends over the years and be a gamechanger’

‘Appraise the deal to see if it works for you’

‘Is the return good enough, does it meet your numbers’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

FREE WEBINAR - https://bit.ly/shazwebinar

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Things You Should Know About Grade 2 Listed Buildings

Wed, 27 Oct 2021 23:00:00 -0000

Listed buildings are one of Shaz’s favourite types of building with their character and the possibility of creating something exceptional

In this episode, he shares great advice and tips about what to look out for and how to best approach the development and refurbishment of listed buildings to make sure you can achieve the best outcome

FREE WEBINAR - https://bit.ly/shazwebinar

KEY TAKEAWAYS

There are 3 classifications of listed buildings – grade and levels of grade 2
Grade 2 is defined as a building or structure of special interest. A building must be over thirty years old to be considered for listed status
Buildings that are listed are protected from being demolished and altered ad consent needs to be in place before work is undertaken
if you are buying a listed property make sure any work carried out has been approved
Internal works and alterations also require specific listed building consent
What can be changed differs between authorities and is the interpretation of the rules by the local conversation officer
It is possible to obtain consent for an extension to a listed building
You should use matching or complementary materials when building an extension on a listed building
Using modern materials can hinder the breathable qualities of old buildings
It can be beneficial to use a contractor who has extensive experience working on listed buildings
Obtaining consent to do any work can be a long process
It’s imperative that you obtain listed buildings insurance

BEST MOMENTS

‘Grade 2 is a classification that can be applied to a wide variety of buildings and structures’

‘They can help you to create a vision for the property and make it a reality’

‘Listed status is about preserving the character of a building’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

FREE WEBINAR - https://bit.ly/shazwebinar

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Selling Your Home to Create Financial Freedom

Mon, 25 Oct 2021 23:00:00 -0000

If you want to get out of your full-time job and into property this is the episode for you.

Sometimes you need to let go of what you’ve got to get what you ultimately want and selling your home and using the equity can be the first step in creating your financial freedom

Shaz goes through the numbers from start to finish on a property deal sharing great advice and information on how to move towards financial freedom through the equity in your home

FREE WEBINAR - https://bit.ly/shazwebinar

KEY TAKEAWAYS

Sell your house and rent so that you can use the equity
Use the cash to invest in a commercial property
When the standard is very high people come into a property and want it straight away so selling can be easy
4 million for the total cost of the flats with commercial space that can be let out and the total value is 1.7 million pounds
Refinance at 75% loan to value
You can get all the money back and the money borrowed for development
Cashflow is created through the rental of the flats and the commercial space
You will get capital appreciation on the properties

BEST MOMENTS

‘We got 21 flats rented out in a space of two weeks, extraordinary’

‘Talk to agents and you can get a deal with guaranteed rent’

‘Sometimes you have to leave what you have to get something better’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

FREE WEBINAR - https://bit.ly/shazwebinar

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

7 Traits of Successful Property Investors

Wed, 20 Oct 2021 23:00:00 -0000

There are certain traits that can be seen in any successful property entrepreneur and Shaz explains what these traits are and how you can go about developing them to break through to the next level in your business

From clarity through to having a strong power team and learning to protect your time, follow Shaz’s advice and take action so that you have the traits of a successful property investor

KEY TAKEAWAYS

Have clarity and be very clear on your vision and how you are working towards it
Work towards your goals by having very clear priorities
Self-management includes being protective of your time
Successful people impose high levels of self-discipline
Focus on the skills you are good at and delegate everything else
Maximise your success and opportunities - only do the things you are good at
Measure and manage everything so that you have an accurate understanding of what’s going on
A strong power team can help accelerate your growth because they offer you support and challenge
Having non-negotiables is a trait of successful people and they stick to them

BEST MOMENTS

‘Successful people have their priorities linked to their goals’

‘Having clarity is a gamechanger’

‘The real battle isn’t the mechanics its mindset’

VALUABLE RESOURCES

FREE WEBINAR

shaz@aaa-accountants

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

5 Skills You Need to Master to Become Successful in Property

Mon, 18 Oct 2021 23:00:00 -0000

As a property investor, there are skills you must master and Shaz goes through the top 5 key competencies and skills you need to master to become successful in property

If you focus on developing your problem solving, networking, logical approach, and always complete detailed due diligence you will be on the path to mastering key skills that will support you as a successful property investor

You need to master these skills to a level where you complete them unconsciously and listening to this episode is a great start

KEY TAKEAWAYS

Everything you do is problem-solving and if you become very good at finding solutions you become more valuable
Having a good network around you especially when you start is vital. Those with more experience can help you to identify the issues and find the solutions
You have to be logical in your approach, remove any emotion from your thinking if it’s a business deal
Step back review your criteria and if it doesn’t fit move on to the next deal
Look at the deal and ask yourself ‘how am I going to negotiate this deal?’
Negotiate a position that works for you
Sometimes it’s about negotiating a deal that means compromise for both parties
Build a great network, join groups, and meet people face to face, you need to invest time and build relationships
Make sure you do your research and due diligence scrutinise everything to know if the deal is the right one for you

BEST MOMENTS

‘Problem solvers and their skills are worth a lot’

‘if it’s a business deal don’t get emotionally attached, it will cost you money’

‘Networking is extremely important

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How I Would Use 1k To Get Into Property

Wed, 13 Oct 2021 23:00:00 -0000

FREE WEBINAR - https://bit.ly/shazwebinar

This is a transformational episode for anyone who wants to get into property with Shaz sharing his expertise and experience about what you can do if you have a thousand pounds and want to make property your business

You need to be smart about what you do with the money to make it work hard for you and there are multiple ways you can build assets and equity to give you what you want, listen in, and find out how

KEY TAKEAWAYS

Spend some of the money on networking and be consistent in your attendance over a period of time
Spend money on meeting the people you’ve been introduced to at networking events
Look to work with someone on a flip strategy, you do the work and the other person provides the investment
Leverage other people’s money to get them and you where you want to be
There are people with cash but no time
It’s a perfect partnership when you have the time and skills and your partner has the cash but not the time
You should always look at more than one strategy
With a property, you can build both assets, equity and income
The effort required with a bigger deal is comparable with the effort expended on a small deal
Assets that accumulate value will bring wealth over a sustained period

BEST MOMENTS

‘If you go to a property event every month you will meet at least one person who can help you’

‘It creates an income stream and asset value that is a game changer’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

FREE WEBINAR - https://bit.ly/shazwebinar

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How to Find a Property Mentor

Mon, 11 Oct 2021 23:00:00 -0000

FREE WEBINAR - https://bit.ly/shazwebinar” for all episodes until the 7th December

Having a mentor can make a huge difference to you in your property journey but you need to make sure you carry out due diligence to make sure you find the right mentor for you

You have to look at all the information about a potential mentor to build a picture of what they’re like and make a decision about whether they are the right fit for you, it’s about bringing the information you have together and not looking at any information in isolation because ultimately it’s your responsibility

KEY TAKEAWAYS

Use public information, such as Companies House to find out about the companies the person is associated with
Do a credit check on the person to find out more and help build a picture of the person
Get them to tell you their story and check with others who have worked with them
Find out if they are a public speaker and go and see them live on stage
Hearing them speak will help you to know if they can share their expertise in an understandable way with others
Look at their social media accounts to find out about areas they are working in and how they respond to individuals’ questions
Have they written a book? do they publish articles sharing their knowledge?
If there are only good reviews this could be a red flag -nobody is perfect and learning from someone who has made mistakes themselves can be key in moving forward
Talk to the person does their style match with yours/ are they are a good fit with you`?
You may select a mentor who inspires you and will push you to achieve your goals even though their style may differ from yours

BEST MOMENTS

‘It will give you a sense of the person and how they work’

‘Don’t underestimate the power of speaking with other clients’

‘Most people who invite speakers, invite industry experts’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Why Most People Fail in Property

Wed, 06 Oct 2021 23:00:00 -0000

FREE WEBINAR - https://bit.ly/shazwebinar” for all episodes until the 7th December

Shaz looks at what really makes the difference between success and failure in property and shares great content on what you need to do to be someone who is a successful property developer

From mindset to building a great team around you there are vital elements that Shaz knows from experience you must have if you are going to be successful and he is sharing these and more in this must-listen episode for any property entrepreneur

KEY TAKEAWAYS

Mindset can be a huge issue; people create lots of reasons why they can’t do something
Deal with what happens when it happens, property investors are problem solvers
You need to be focused, decide on a strategy try it and then move on to the next
Those who focus achieve more than those who don’t get focused
Education is vital and you need to make sure you get the right advice, which you may have to pay for
Learn about the area you are focusing on and invest money in your education
The best return you will ever get is on the investment you make in yourself
Go out there and take action
As property developers we make money doing the deals
You can’t do everything on your own, build a great power team around you, people who are good at doing the things you are not good at

BEST MOMENTS

‘I’m sharing how to make it work and they are coming up with objections’

‘Crack on and stay focused’

‘Create a team around you who are bloody good at what they do’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

7 Top Tips for Property Beginners

Mon, 04 Oct 2021 23:00:00 -0000

Shaz has made mistakes but learnt along the way and he is sharing more great content and advice that will make a positive difference to other property investors.

Using his advice means you can scale and grow more effectively in your property business right from the start and achieve exactly what you want to achieve. These tips are a great way to get started the right way with your property business so get started on your new beginning today

KEY TAKEAWAYS

Be clear on your purpose with property when you know what you want to achieve you can look at the property strategies that will help you
It’s good to be involved with more than one strategy
Work out your goals and objectives and then work out how to get there
Decide on the initial structure of your business but be aware this may change along the way
Do the research on each type of structure to ascertain the best one for you if you need help speak to an advisor
Identify the way you are going to fund your property portfolio, having a joint venture partner could be a good strategy
People want a good return on their investments and you could be the person to offer this
Work out how much cash you need and where you are going to get it
Decide on your goldmine area – where does your strategy work well? How far do you need to travel?
Spend time researching your goldmine area, it is pivotal for your business
You need to invest in yourself and do the training, look for courses or source training online
A good coach and mentor will help you get where you want to be through support, challenge and always being there
Those people who take action achieve what they want to achieve. Be accountable and do what you say you are going to do

BEST MOMENTS

‘If I knew what I know today I could have grown a lot quicker and made a lot more progress

‘look closely at the different strategies to find the ones that are best for you’

‘Training transformed my property business’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Should You Have a Ltd Company

Wed, 29 Sep 2021 23:00:00 -0000

Shaz gives a great overview and the key information that anyone needs to make a decision about whether a limited company is the right structure to choose for their business

There are different business structures available and many people are not aware of the advantages of a limited company structure from being able to plan for inheritance tax to liability.

Along with the advantages Shaz also shares some of the possible challenges of the limited company structure meaning you can listen in and get a great overview

KEY TAKEAWAYS

The tax regime is lower for a smaller limited company than for an individual
You can plan for inheritance tax with a limited company with different types of shares
If you are a limited company you will pay less in corporation tax
When you own a property in your name, you are personally liable if something goes wrong
A limited company is a separate entity so if something goes wrong you are not personally liable unless you have given a personal guarantee
You can control what gets paid to you and when through both your salary and dividends with a limited company
A limited company will cost more in compliance costs and the level of regulation is higher
The rates for lending are usually higher and there are fewer lenders available to limited companies
How you manage and run a limited company is very different to being a sole trader or in a partnership
When you incorporate a company information is available in the public domain

BEST MOMENTS

‘Have the mindset to grow your business’

‘You can incentivise your children to want to be involved and grow the company’

‘In simple terms, you only get half the tax relief but a limited company can help you to overcome this’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Cons of Using a Holding Company

Mon, 27 Sep 2021 23:00:00 -0000

In episode 133 Shaz looked at the benefits of using a holding company and in this episode, he balances things up with great content about the possible disadvantages that you should be aware of

Review both the benefits and the possible disadvantages and take a holistic view to make a decision about what structure is the best for you and means you can grow and develop your business the way you want to

KEY TAKEAWAYS

You may need an audit if your business structure turnover exceeds 10.2 million, you have fifty-plus employees and your assets have a value of more than 5.1 million
There are costs associated with an audit and it can take time
The costs for compliance can be higher, you will be paying accountancy fees for each company
With the tax regulations coming into force in 2023 smaller businesses will be liable for the 19% corporation tax rate
You could be paying the marginal or higher rate of tax with the holding company structure
Each company needs a separate bank account
There can be additional complications with needing multiple accounts
There are fewer funders available when you have this structure and there may be less funds available and the interest could be higher
Your growth may be restricted due to constraints on funding
Choose the structure that gives you the optimum for your goals and what you want to achieve

BEST MOMENTS

‘Look at the benefits and the disadvantages carefully to decide what’s best for you’

‘Don’t always make costs the deciding factor, other benefits can make it worthwhile for you’

‘Take a holistic view about what you want’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How Should You Fund Your Next Car

Wed, 22 Sep 2021 23:00:00 -0000

Shaz looks at what you should consider when you are looking to fund your next car and shares informative content that may change your next car choice

There are a huge number of factors to consider when choosing a car and your choice may be influenced by your company structure when you look at the tax implications

This is a great listen if you want an overview of the most effective ways to purchase a car and know how to offset the cost of a depreciating asset.

KEY TAKEAWAYS

The type of company structure you have will influence the best way to fund a vehicle
Cars are a depreciating asset so contract hire can be the right solution
The more miles you drive the more the value of the car depreciates and the more you will have to pay
With leasing, you pay an upfront fee and an agreed monthly fee
The larger the upfront payment the less the monthly fee
You agree on an amount of expected mileage
If its 100% business use you can claim back the VAT
If the vehicle is used for both business and personal use you ca. claim the business percentage of VAT back
If you have a car with contract hire through a limited company and you have personal use you have to pay benefit in kind tax
Do not buy assets that depreciate, lease, or hire them
Currently, the tax rate when you purchase an electric car is very low

BEST MOMENTS

‘I always get cars on contract hire and invest the money elsewhere’

‘There are some really good deals out there’

‘Think about going electric the advantages are good from a tax point of view’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How to Pick the Right Accountant

Mon, 20 Sep 2021 23:00:00 -0000

Do you want an accountant who helps you to achieve what you want to achieve?

Shaz goes through a comprehensive list of twenty great points that you need to consider when you are looking for the right accountant for you. Your accountant is a hugely important advisor so finding someone who is able to offer the services you need and help you to achieve your goals and aspirations is key

Listen in because the more advice you follow from this insightful list the more likely it is you will find an accountant who is the right fit for you.

KEY TAKEAWAYS

An accountant is an incredibly important advisor to you and your business
Make sure your accountant knows and understands property
The level of expertise you need will vary from time to time but you need to know who is working on your accountant, will you have a dedicated account manager? Who is going to be your dedicated point of contact?
Ask about the services they offer to make sure they have all the services you require
You need to have an accountant who can offer you what you need, don’t go with the cheapest, look for someone who can help you realise your expectations
Check which software they are using, it’s better if they are using and familiar with the software you are using
Different people have different requirements and you need to understand how they work and what to expect from communication with them
Are they a qualified accountant? working with a qualified accountant means they have a regulatory body, indemnity insurance and have to undertake continuing professional development
Does the company offer a money-back guarantee? This is an indicator they are confident about delivering every time
Do they offer fixed fees? These are good because they provide clarity for you and mean the accountant will be motivated to be efficient
Are they the right fit for you, do they communicate in a way that works for you and can you get along with them?

BEST MOMENTS

‘If you get a blank look from the accountant when you mention property it’s a good indicator they are not the accountant for you’

‘Ask people you know for recommendations; this is the best way to find anyone anywhere’

‘If they have an interest in property investment they are going to know more and have good contacts’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Pros of Using a Holding Company

Wed, 15 Sep 2021 23:00:00 -0000

Shaz is asked a lot about holding companies and in this episode explains how a property entrepreneur who is involved in multiple projects can benefit from having a holding company

With this structure, it’s possible to move money without paying tax and lowers risk as different projects in different companies means any challenges only impact one company

He also explains how joint venture partners and shares can be effectively utilised across different companies within a holding company structure

KEY TAKEAWAYS

As an individual you can be paying 40% to HMRC with a limited company it can be 19%
If you take the money out personally to transfer it you will have to pay tax on it
With inter-company loans it can become complicated
A holding company can be an uncomplicated solution
All the shares are owned 100% by the shareholder
There is no tax paid when money is moved from the holding company
Dividends can be paid up and down with a holding company
Risk is lowered because you can have different projects in different companies
It gives the ability to have different joint venture partners
You can have alphabet shares with shareholders having different dividends, values and voting rights

BEST MOMENTS

‘It makes it efficient to move money from one company to another’

‘It means the risk can be limited to one company and not affect other projects’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How To Negotiate A Good Price On Property Deals

Mon, 13 Sep 2021 23:00:00 -0000

Shaz looks at negotiating and the many factors that influence a property deal, including the motivation of the seller.

He shares his strategy for working backwards and great advice about focusing on building a good reputation and good relationships because ultimately this is what will bring in good deals to you.

KEY TAKEAWAYS

Negotiating is a skill and dependant on a range of factors
If the margins are there and the numbers work its worth paying asking price and saving time
Even if you offer the asking price there can be other factors such as the time frame that will influence the seller
Everyone wants a discount but sometimes it’s better to just get on with doing the deals
Building good relationships means you will get offered more deals
Focus on what you are making and how much you are prepared to pay
Knowing why the vendor is selling and what’s important to them can be very helpful
Build a good reputation and do what you say you will do and great deals will come to you

BEST MOMENTS

‘I work backwards looking at the end value’

‘Building a good reputation is more important than saving the odd thousand on a deal here and there’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Benefits of Using a Quantity Surveyor

Wed, 08 Sep 2021 23:00:00 -0000

Now Shaz works on larger projects he always has a quantity surveyor involved and in this episode, he looks at why using a quantity surveyor whether your project is large or small is something you should be doing

From estimating the costs of a project through to managing disputes a good quantity surveyor is an expert in their field and can give you peace of mind across both large and small developments

KEY TAKEAWAYS

A quantity surveyor helps you estimate the cost and help you control the cost
They support with meeting standards and legal requirements
They will help make sure a project finishes on time
They are experts in their field and will cost your site in detail making sure you get the right materials on site
They make sure no one gets paid until the work is completed to a standard you are happy with
The bank will be more likely to lend to you if you have a quantity surveyor
A good quantity surveyor can protect you and minimise your risks
They can support you with making the process smooth
It will give you peace of mind and mean you can focus on what you are doing

BEST MOMENTS

‘A quantity surveyor will keep you on the straight and narrow’

‘They manage all the costings and make sure you stay within budget’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

What are Capital Allowances?

Mon, 06 Sep 2021 23:00:00 -0000

What they are and how they can reduce your tax bill? In this informative episode, Shaz provides the answers and explains why capital allowances are one of his favourite tax allowances.

Capital allowances can make a huge difference particularly when you are buying commercial property but can be effectively used in a range of situations. If you want to know if you can claim then this is a must-listen podcast

KEY TAKEAWAYS

When you spend money on capital equipment, plant, and machinery you can reduce your tax and sometimes completely eliminate it
Its anything that is fixed to a building such as air conditioning, suspended ceilings, smoke alarms and central heating
If you don’t use your capital allowances in a particular year you can carry them forward into the next year
The annual investment allowance means you can write off up to 200,000 on plant and machinery
The Government is incentivising businesses by allowing an acceleration of up to a million pounds until 2022
You need to review the structure of your business to make sure you are making the best use of capital allowances if you are purchasing equipment
You cannot claim capital tax allowance on cars which the business owns
If you own a residential property you can’t claim capital allowances but if you own an HMO you can claim
If you are buying property through a SSAS you can’t claim because a SSAS doesn’t pay tax
You need to do your calculations to see if it’s worth buying through your pension
When you are buying commercial property there may be capital allowances to be claimed from the purchase

BEST MOMENTS

‘Capital allowances are one of my favourite tax allowances’

‘Make sure you don’t miss out on this allowance as it can really be a game-changer if you are scaling up’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

5 Ways To Add Value To A Property

Wed, 01 Sep 2021 23:00:00 -0000

Adding value to a property is one of the most important things you can do and makes great financial sense whether you are renting or selling it.

Shaz shares five great ways you can easily add value to any property whether you are looking for tenants or looking to sell

KEY TAKEAWAYS

If you are serious about property you should be serious about adding value to any property
It makes good business sense to increase the value of an asset wherever you can
Create more units or more flats, smaller units are easier to rent and when you sell they will sell more quickly. More units mean you are adding value
Convert the garage into a living space
Add a conservatory and make sure it’s built to get the maximum amount of sun
If the property looks outdated then update it, people like fresh and new looking properties
Make the exterior of the property look good because first impressions count

BEST MOMENTS

‘You can add £30,000 of value by doing £20,000 of work’

‘Add a conservatory because everyone loves a conservatory’

‘It’s easy to get tenants for a nice looking property’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Pros and Cons of No Money Down

Mon, 30 Aug 2021 23:00:00 -0000

Shaz explains how no money down deals work and why it was a game-changer for him.

When you are working with other people’s money you must fulfil the promises you make and be good at communication but if you can do this it’s a strategy that can work brilliantly for everyone involved

Listen in and hear about both the prose and the cons from someone who has successfully used no money down multiple times.

KEY TAKEAWAYS

It has worked for me and once you have done it makes perfect sense
If you are short on money then leveraging someone else’s money is a great solution
You can be creative – you can look at a profit split with other parties involved in the deal
It gives you the opportunity to do lots of deals at the same time
You can scale quickly and work with different joint venture partners
With someone else’s money, you are more accountable and focused
If you have completed several deals you can easily attract more finance because you have a track record
There is always a risk when you are using other people’s money and you have to take responsibility for other people’s money
Start with less risky deals such as buy to let
Make sure the numbers stack up in any deal you are doing
No money down is about relationships and managing those relationships with other people
If you are not good with relationships a strategy of no money down will be challenging
Communication is key and you must keep the investor up to date with what’s going

BEST MOMENTS

‘No money down has been a complete game-changer for me’

‘Your first deal will be harder than the ones that come later’

‘Make sure you live up to the promises you make and do what you say you are going to do’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Why You Should Use A Planning Consultant

Wed, 25 Aug 2021 23:00:00 -0000

In this episode, Shaz explains why you should use always use a planning consultant.

Often architects know something about planning but they are usually not experts so a planning consultant is worth their weight in gold

They can work with your architect and liaise with the planning officer to get the best outcome and with their expertise knowledge about planning policy, it’s cost-effective because with their input it’s possible to get your planning through first time. Listen in to find out more

KEY TAKEAWAYS

A planning consultant is someone who understands the process and is good at what they do
They work alongside your architect
Some architects know about planning but they are usually not experts
The planning consultant will work with your architect and liaise with the local authority to get your planning through
It will save you time, they will explain the possibilities to you
It can save you money because with their expertise it can be possible to get your planning through the first time
Planning consultants know about planning policy they can argue and defend your case
Your planning consultant will work with you and the planning officer to get a better outcome

BEST MOMENTS

‘If you are applying for planning use a planning consultant

‘It can save you having to have drawings revised several times

‘They are worth their weight in gold’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Why You Need a Pre-Year-End Tax Meeting

Mon, 23 Aug 2021 23:00:00 -0000

Shaz looks at why a pre-year-end meeting is so important and explains how it can be used to look at tax efficiency and what you can do to reduce possible tax payments when you get to your year-end.

He also explains how a face to face with your tax expert is about analysis and preparation for the next year to make sure you are as tax efficient as possible

KEY TAKEAWAYS

If you want to be as tax efficient as possible you have to have a pre-year-end tax meeting
It helps you plan in advance,
Makes sure things are done on time every time
Helps you to pay your tax on time
Having deadlines for when accounts are completed and when tax needs to be paid
You can’t plan for tax after the event
The pre-year-end meeting is an opportunity to sit down with your accountant or tax advisor and review what the tax will be
Pre-year-end meetings usually take place in month ten
You can review what you can do in the last part of the year to reduce possible tax payments
You can review your income tax and cooperation tax
It’s about the analysis for the projections for the next year

BEST MOMENTS

‘I strongly believe you have to have a pre-year-end tax meeting’

‘Deadlines are extremely important’

‘You need to be as tax efficient as possible’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

5 Common Mistakes People Make Buying Property

Wed, 18 Aug 2021 23:00:00 -0000

This episode is a great listen for anyone new to property as Shaz shares an overview of the most common mistakes and how to avoid them

Using this as a checklist will make sure you are asking the right questions and making sure your numbers stack up so any deal you make is the right one for you

KEY TAKEAWAYS

Especially in the early days people buy a property because it’s cheap and don’t do the research needed
If a property isn’t selling there’s a reason
In any area, there is a ceiling price and if you spend too much on refurbishment you won’t be able to get your money back
Don’t buy property for capital appreciation buy property to create an income stream
The capital appreciation should be a bonus
When you are buying for rental don’t let your emotions take over, make sure the numbers work and that it’s a deal that works for you
Be sure about the strategy you are using and buy with this in mind any property needs to be in line with your strategy and meet your criteria

BEST MOMENTS

‘Property is one of the best businesses I’ve ever come across

‘My aim and ambition is to help you do well and avoid mistakes, helping you to get to your destination quicker’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Why You Need A Project Manager

Mon, 16 Aug 2021 23:00:00 -0000

Shaz is currently involved in a project to build forty houses and in this episode, he looks at the vital role of a good project manager.

They are the people who control, manage and execute the project bringing together individuals to create a team that can deliver the project within budget and timescale so a good project manager is extremely important and worth their weight in gold on any project.

KEY TAKEAWAYS

Project managers are extremely important for property deals
Some people just look at the cost but this is short-sighted and incorrect
They help set the budget, monitor costs, control, execute and close deals
If you find a good one they are worth their weight in gold - saving you time and money
A good project manager can look after more than one deal for you at any one time
Communication is key - they are the centre of all communication and make sure everyone is working together
A good project manager will make sure everyone is recognised, valued and contributes as part of a team to make sure the project is delivered
They manage and mitigate all risks throughout the project
A project manager keeps everything within cost and identifies any potential savings
A good project manager makes sure everyone is focused and working towards the same goals and outcomes

BEST MOMENTS

‘In my experience Property Managers are something you can’t do without’

Risks cost money and a project manager will effectively manage all risks

When there are a lot of people on site all doing different things, they need to be all kept focused and working towards the works program’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

5 Ways to Raise Cash for Your Next Property Deal

Wed, 11 Aug 2021 23:00:00 -0000

Could you do with more cash in your business?

Shaz looks at some of the best ways to raise cash and explains that it’s all about mindset and knowing what will work for you best with a particular deal.

When you know where to look for cash there are a range of different options that can be explored so that you can achieve the financing you want for your deal

KEY TAKEAWAYS

It’s about your mindset and knowing the different ways to find cash
You can use your own cash and this is a quick way to get started but can also hold you back when your cash is used up
Joint venture deals are a great way to bring your expertise together with someone who has the cash
Most joint venture partners want a 50/50 deal but if it means you can do the deal it’s worth it
Different property investors set up their joint ventures in different ways you need to decide what works for you
You need to do a few deals yourself so that you have a track record then joint venture partners will want to work with you
You can use a bridging loan, they can work well over a short time period
Crowdfunding is a flexible approach to financing a deal and can work really well and deliver the finance very quickly
A bank loan can be the best way for you to finance but it takes time and they require detailed information
The interest rate is lower because they mitigate their risk with detailed checks and balances

BEST MOMENTS

‘There is plenty of cash out there you just need to know how to get hold of it’

‘Joint ventures are a great way to do deals’

‘Always try to over-deliver and joint venture partners will want to work with you again’

‘Most investors say lack of cash is holding them back from growing and scaling’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Pros and Cons of having a property registered for VAT Yt subs

Mon, 09 Aug 2021 23:00:00 -0000

Shaz answers a question from his Facebook community, entrust property tax experts, where you can find lots of great information being shared on tax and property.

The question is one that anyone who is investing in property will want to have the answer to – what are the pros and cons of having a property registered for VAT?

Shaz shares great information about what happens and when in the property cycle and how opting in for tax works.

KEY TAKEAWAYS

Generally, the reason you are paying VAT is because it’s a new property or someone in the past has refurbished a commercial property and registered it for VAT
HMRC will ask for VAT to be charged on rental going forward
It depends on whether your tenant is registered for tax as to how open they will be to paying VAT, but it’s not an option
When you sell the property, you have to charge VAT on the disposal
The person buying from you can either register for VAT and claim it back with the cycle continuing or they don’t claim but they have to pay it
When you are buying you have to pay the VAT
You also have to pay stamp duty land tax on the VAT element
As the owner, if you are VAT registered then you can claim back on work completed

BEST MOMENTS

‘It either costs you or them 20%’

‘Usually, people opt for tax and the cycle goes on’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Private Bridging Explained

Wed, 04 Aug 2021 23:00:00 -0000

If the deal works and the finance is there a bridging loan can be a good answer and, in this episode, Shaz explains how and why a bridging loan can be effective in your property investment.

If there is a gap in finance, you need to fill, and the numbers work a bridging can be the solution you need, and this is a great opportunity to find out more.

KEY TAKEAWAYS

Private bridging serves a purpose
You may not be able to get a loan elsewhere and there is a gap in your finance
You can use a bridging loan and then re-finance in a more traditional way
If there is enough profit in the deal go for it
If you can’t make up any loss in the short term it probably isn’t worth doing
You get the cash quickly, there are fewer questions asked and it’s flexible
You can get a bridging loan for a month to around eighteen months
It’s not cheap but it is a solution
It’s all about the numbers and if it works out it can be a good answer

BEST MOMENTS

‘I’ve used it and it works well and is a neat way to do deals’

‘If the deal works and the finance is there it can be a good solution’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How to Build a Property Business Faster

Mon, 02 Aug 2021 23:00:00 -0000

Shaz shares his top tips on the best way to build a property business based on his own extensive experience.

This episode will be a gamechanger for any listener as Shaz shares the tips that really make a difference in building your property business fast and explains why educating yourself, networking and getting out of your own way are key

KEY TAKEAWAYS

Invest in educating yourself regularly to help increase your rate of development
You can have more than one deal in progress. Be bold and move quickly to do more deals
Spend time networking and expanding your network
Networking can reduce your learning curve if you get around the right people
People will share their expertise and experience with you when they know, like and trust you
With a network, you know who the best people are
Joint venturing means you can use other people’s money and move forward more quickly
Don’t wait to get into the big deals
Get out of your own way – it can be easy to question yourself and worry about what might happen but it’s just a way of creating barriers
Gain comes through pain and any challenges are experiences to learn from
Moving forward and being successful comes from taking action and getting stuff done.

BEST MOMENTS

‘There is good content out there but education is wider than that’

‘You realise when you are networking that if they can do it so can you’

‘Joint venturing brings lots of new opportunities’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Modern Modular Housing Construction

Wed, 28 Jul 2021 23:00:00 -0000

Modular housing is popular in America and certain parts of Europe and in this episode, Shaz discusses a current project where they are using modular housing and the benefits of doing this.

SIP and timber frame buildings mean work can be completed off-site and impacts significantly on the time needed with Shaz’ current development putting together three houses every ten days.

Modular construction is something you should definitely be looking into and this episode has some great advice.

KEY TAKEAWAYS

Modular homes are built in the factory then shipped to the site
The company that produces the home will usually also install it on site
Most companies have several different designs or bespoke designs available
Modular building is much quicker and much cheaper
Speed and Efficiency of building means we will be putting together 3 houses every 10 days
SIP ( structural insulated panels ) are panels sandwiched together between a rigid frames
It’s environmentally friendly as a building process
Timber frame is more popular and the process is efficient
Around 70/80% of mortgage companies are happy with SIP and timber construction

BEST MOMENTS

‘We are going to save 6 months of costs and time by building using a modular system’

‘Modular housing is becoming more popular’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Structural Warranties Explained

Mon, 26 Jul 2021 23:00:00 -0000

Shaz looks at structural warranties and explains why you should be sorting this out at the start of a build if you want to get the best price.

Any structural warranty is about protecting against things that can be very costly and if you are looking to finance at the end of the build a lender will usually ask for one, so hear about the right way to source a warranty for the best price in this episode.

KEY TAKEAWAYS

When you look for funding the lender will ask for a warranty and it’s much more costly to get a warranty at the end of a build
Sourcing a warranty at the end of a build can double the cost because not all work is visible so the risk is seen as higher
Structural warranties are completed on new builds and commercial conversion properties and cover structural defects
They cover up to ten years and you can be required to give a personal guarantee for the first two years
Use a broker to source the best deal for you
When the work is reviewed at the start the premium will be lower
They aren’t compulsory but lenders do usually ask for a warranty
Most warranties don’t cover the details such as creaky floors
Usually, any issues appear early on and a warranty protects against things that can be very costly

BEST MOMENTS

‘Lots of people new to property development don’t know about structural warranties’

‘Structural warranties don’t cover the details’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Property Proficiency Workshop Episode 3

Wed, 21 Jul 2021 23:00:00 -0000

In the first episodes of the Property Proficiency Workshop Series Shaz looked at the right business structure and how to benefit from the tax possibilities available in property.

In this episode, he looks more closely at how to find deals and business partners and effectively use other people’s money to build your property portfolio quickly

If you want to build a strong portfolio that works for you creating financial freedom then listening to this series is a must.

KEY TAKEAWAYS

Agents want to sell deals and If you build a positive relationship and follow through with deals you build trust and more deals will come your way
You need to have multiple strategies to find deals
Create a list of properties you are interested in a use direct mail to get in contact with potential sellers.
Go to property network events and talk to people about what you do.
Find people who have the money but not the expertise or knowledge
When you network people are sizing you up so make sure you can talk through your previous deals
When an investor first invests they will invest a small amount to see how professional you are so a good first deal can lead to many more deals in the future
You can build your own network of potential investors through social media
Family and friends can be a good source for investors
Using other people’s money can mean you can grow your property portfolio really quickly
In business, you are never alone and there are always people who will share their knowledge and expertise
If you bring everything together you can create financial freedom for you and your family

BEST MOMENTS

‘I’m a big advocate of deal sourcers’

‘You can create financial freedom for you and your family’

‘Networking and building relationships is key’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Property Proficiency Workshop Episode 2

Mon, 19 Jul 2021 23:00:00 -0000

Whether you are new or experienced this is the place to be to learn how to achieve true financial freedom through property and in this episode Shaz focuses on tax savings as a property investor

When you are tax efficient you can build capital and you don’t need to know all about each tax strategy you just need to be aware of the tax-saving possibilities

KEY TAKEAWAYS

It depends on your situation as to how the rules may apply to you
In the guidance, there are opportunities for you to save money through reliefs, exemptions and allowances
You can only benefit if you work with someone who knows how to apply the rules to your situation
When you are buying property you may need to pay stamp duty land tax.
If you are buying two or more properties you can make significant tax savings
Talk to a stamp duty land tax expert
People save tens of thousands of pounds every year in stamp duty land tax relief
SSAS works particularly well for property investors
Have an annual review for your inheritance tax exposure and plan for inheritance tax as you go along
Property investors can have large exposure for inheritance tax
Compare and contrast the advantages and disadvantages of having a company car to work out what works best for you.
When buying commercial property always consider capital allowances as this is a huge saving.
If you are working from home claim homeworkers allowance, it all adds up

BEST MOMENTS

‘If you save a pound in tax you don’t have to do anything ‘

‘Our tax code is over twenty thousand pages long, it’s deep and it’s complicated’

‘Many people lose out because they don’t apply the right rules in the right places’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Property Proficiency Workshop Episode 1

Wed, 14 Jul 2021 23:00:00 -0000

Shaz shares great content from one of his Property Proficiency workshops and explains how to get started in property and on the journey to financial freedom.

He focuses on business structure and the questions you need to ask yourself to make sure you build the right structure for you.

If you want to accomplish your goals and get it right, from the start, this is the episode for you.

KEY TAKEAWAYS

Property helps you obtain real financial independence
It’s important to have the right strategies if you want to succeed
Before finalising your structure you need to ask; Is it legal? Is it effective? Is it acceptable to you and HMRC?
Limited liability partnership, partnership, sole trader and limited company are all options
You need to think about liability, tax, accountancy costs, statutory regulations and bringing people in.
As a sole trader or partnership, you are responsible for the debts
Making sure you have a partnership agreement is critical
You are not personally liable for any debts in a limited liability partnership business
An LLP is transparent for tax purposes
If you have given a personal guarantee you are responsible
A limited company pays its own tax and corporation tax
Any information sent to companies house can be seen by anyone
Directors are responsible for the management of the company but the shareholders own the business
When bringing in new people you need to get the article of association right and have a shareholders agreement

BEST MOMENTS

‘Growing up I was fascinated by property’

‘Currently, I have property projects in the millions and teach others how to avoid the ‘mistakes I made’

‘I found the right structure for building a property business’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Refinancing and Cash Out Explained

Mon, 12 Jul 2021 23:00:00 -0000

Refinancing and pulling out your money is a great way to keep recycling your cash.

It’s a model where you buy, refurbish and then refinance taking your money out.

When you have added value and taken out your money you still have an appreciating asset making this as Shaz says ‘a beautiful model that you can keep using over and over again’ listen in and hear how to get started

KEY TAKEAWAYS

This is the basic buy, refurbish, refinance and rent and it’s a model that works really well
You buy a property and renovate it adding value
After renovation, you refinance to pull out your money
Once your money is out you have an appreciating asset you can rent
Buy to let financers usually won’t refinance until after 6 months
With a commercial conversion, there are more units and more value
It is investing in a property refurbishing it and then pulling all your money out
Leave some of the value in the property
You can use your money for the next project
There is no tax to pay because you haven’t sold the asset

BEST MOMENTS

‘You can keep recycling your cash’

‘It’s a model that works beautifully’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

If I Lend Money to my Company can I Charge Interest?

Wed, 07 Jul 2021 23:00:00 -0000

If I lend money to my company can I charge interest?

Shaz looks at a question from his community about the interest and tax implications of lending money to your company

There are things several things to consider in this situation around whether you will need to pay income tax on any interest and this depends on your personal situation.

You can charge interest if you want or not if you don’t, you can design and control the situation to suit you.

KEY TAKEAWAYS

You don’t have to charge interest as a director you should be acting in the best interests of the company
If charging interest isn’t the right thing to do then don’t do it
If you do charge interest any tax is dependent on your income
If you are a basic rate taxpayer you can have £1,000 of savings income tax-free
If you have no income you can charge up to your personal allowance and pay no tax
If the company is paying interest to you then it will get a tax deduction
You can design and control the situation so that it works for you

BEST MOMENTS

‘There is quite a lot you can do so you don’t pay any tax on the interest personally’

‘If you want to charge interest you can and if you don’t then that’s fine’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Fixed Rate Mortgage or Variable Rate?

Mon, 05 Jul 2021 23:00:00 -0000

Fixed interest or variable?

Shaz explains the approach he takes when considering whether to look for a fixed rate or variable rate of interest on mortgages.

Ultimately it’s about your personal attitude to risk coupled with whether the rates being offered for fixed-rate make it worth your while and Shaz shares some great tips about how to find the deal that works for you.

KEY TAKEAWAYS

It depends on your attitude towards risk
Are interest rates going to go up or are they going to go down
Are they going to go negative
With a variable rate, it could go up and it could go down
If you can get a good, fixed rate over five years then it’s worth doing
You can split the loan and have half at a fixed rate and half on a variable rate
If you have concerns about rising interest rates then it’s better to look for a fixed rate
Often the fixed rate isn’t that much higher
Do your research and find the best-fixed rate for you.

BEST MOMENTS

‘If the rate is good why wouldn’t you fix it?’

‘I don’t want the headache of rates going up in a couple of years’

‘Fix some and keep some variable if it’s a commercial deal’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

What’s the Best Area to Invest in Property

Wed, 30 Jun 2021 23:00:00 -0000

People often ask, ‘What’s the best area to invest in property in the UK?’ and Shaz shares why the answer is everywhere and how to make sure you have the right criteria in place to help with securing the deals that work for you.

Shaz has an extensive network and knows property investors across the country and everyone is doing well with fantastic deals where ever they are located.

KEY TAKEAWAYS

There is opportunity everywhere
The reason for asking about the best area can be about where to find the highest returns
There is money to be made everywhere you just need to look and be open to the opportunities
There are fantastic deals across the country
There are great deals out there with numbers that really stack up
If you are looking for a goldmine area first decide on your criteria
Make your criteria about your deals, not the area
Find the criteria that work for you and then look in your goldmine area

BEST MOMENTS

‘London is a different kettle of fish’

‘The answer is everywhere’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How Would I invest 30k in Property?

Mon, 28 Jun 2021 23:00:00 -0000

‘I’ve got £30,000 how do I get started in property?

Shaz explains how you can use this amount of money to get started, and also shares what he would do with this sum of money to move forward in property investment.

This is a great overview of some of the many property strategies that can be used to get started in property and includes useful content on joint venturing and flipping properties

KEY TAKEAWAYS

It depends on how involved you want to be
You can start with rent to rent on single let properties and HMO’s and move to serviced accommodation
Deal sourcing is a low entry way into property
You can flip – buy a small property, refurbish and then re-finance and rent
Buy below market value and increase the value by refurbishing
Joint venturing can be a good way forward
Holding onto the asset brings capital appreciation

BEST MOMENTS

’10 different people in property will give ten different answers’

‘Ten thousand can give you a good start because you will be using other people’s properties

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

The Top 5 Mistakes People Make in Property

Wed, 23 Jun 2021 23:00:00 -0000

Shaz goes through the most common mistakes people make when they are starting out in property and shares great tips on how to avoid them.

From rushing into the first deal after you have secured your funding through to why everyone will make mistakes and how this is an opportunity to learn and be better moving forward this is a great checklist to use for anyone in property.

KEY TAKEAWAYS

Don’t rush into any deal, make sure you have done your due diligence and it’s the right deal for you.
Decide on your non-negotiables, set criteria and stick to what you have decided.
You need to always research a deal so you know exactly how it fits the demographic you are looking at
Sometimes a good deal comes along but you miss out, remember moving forward to not compare all future deals with the one you missed out on
Have your criteria and make sure the deal works for you
Everyone moving into property will make mistakes and any mistake is an opportunity to learn
People learn more from the mistakes than the successes
Always ask yourself ‘what can I do better next time’

BEST MOMENTS

‘People have money burning a hole in their pocket but no one should rush into a deal’

‘If you miss out on a deal another will come along, there is always going to be plenty more’

‘Don’t worry about the market, worry about if the deal works for you’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Top 5 Tips for a Successful Commercial to Residential Project

Mon, 21 Jun 2021 23:00:00 -0000

Shaz shares great tips on exactly what you need to do to get a project that has potential, with numbers that stack up.

When you have sourced a good deal make sure you have a funding source and a good contractor to make sure things run smoothly and always be prepared to walk away from a deal that doesn’t stack up, use these top tips as a starting point and your projects will be ones where there is great potential and successful outcomes.

KEY TAKEAWAYS

Sourcing a good deal is vital, learn from others about what to do and not to do
Have good sourcing agents
Can you add value to the property? What can you do to maximise space because this is where the money is
Think about the different sources of funding and what will work for you.
You need a good contractor and due diligence is vital
Make sure the deal stacks up and works out on paper with good margins
If the numbers don’t work walk away from the deal

BEST MOMENTS

‘If you don’t get a good deal you are snookered from the start’

‘Can you extend forwards, backwards, upwards or downwards?’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Wealth Made Simple - Shaz Nawaz - Will Alphabet Shares Soon Be A Thing Of The Past

Wed, 16 Jun 2021 23:00:00 -0000

Some accountants voice concerns over multiple share classes and in this episode, Shaz looks at the different types of shares and how they can be used within the structure of a company.

Previously some types of shares have been exploited but as Shaz explains this is unlikely to happen with Alphabet shares as it’s a commercial arrangement that benefits both parties

KEY TAKEAWAYS

In a limited company, you have ordinary shares,
With different classes of shares, you can restrict and limit the rights people have with those shares
You can limit voting rights and rights to a dividend
EBT’s were abused as tax avoidance schemes and HMRC pursued people who had set up these schemes
With mixed partnership rules partners were transferring their share into a limited company
Alphabet shares are unlikely to go the same way. It’s a standard arrangement to give dividends but for those people to not have voting rights
Alphabet shares are taking advantage of arrangements that benefit both parties
It’s a commercial arrangement that works for both parties

BEST MOMENTS

‘It can give you control of who gets what and when they get it’

‘Nobody can guarantee what’s going to happen but it’s unlikely’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Where To Find Businesses For Sales And Due Dilligence

Mon, 14 Jun 2021 23:00:00 -0000

Shaz shares great content about the best places to identify new businesses and the things to look out for when undertaking due diligence.

When you are looking to buy a business using your contacts and getting in touch with businesses directly effective ways to find the right business for you.

When you’ve identified the business you want understanding the level of due diligence is key and this episode has great tips about exactly what you need to look for.

KEY TAKEAWAYS

Talk to your contacts, accountants, solicitors and bank managers are all people who will know about businesses up for sale.
If you are buying in a niche then advertise or write to people directly and explain how you would structure a deal.
Due diligence includes understanding all the details
You need to know about compliance, health and safety, employees, environmental, data and contracts.
The financial due diligence covers financial management and process and whether the business is worth the purchase price.
Once you buy the shares all the risks, responsibilities and commitment is all yours
It’s vital to have both an accountant and a solicitor involved in due diligence

BEST MOMENTS

‘The financial due diligence looks at the accounts over the last three years’

‘There can be forward projections depending on the size of the company’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

The Truth About Planning Permission

Wed, 09 Jun 2021 23:00:00 -0000

How long does planning permission really take and what do you need to consider?

Shaz shares his own varied experiences around planning as a property developer and shares great tips and advice on the value of a good architect, an experienced and knowledgeable planning consultant and why a pre-application can be the key to understanding what the planning officer is thinking.

KEY TAKEAWAYS

How long is it going to take? a minimum of 6 months but expect and for around a year
The factors to consider include
The local plan
The site itself
The mindset of the planners an
Planning matter including The local residents along with highways, environment
There are a whole host of other departments in the council that will have a view
Do a pre-application as this will tell you what the planning officer is thinking
Use a good architect who can design a good scheme taking into account the requests from planning.
A good planning consultant in place will make a positive difference and can move things along faster
Buy a site with full planning and you can start building straight away

BEST MOMENTS

‘A good planning consultant is well worth the money’

‘A pre-application is well worth doing’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Rent to Rent Property Strategy - Advantages and Disadvantages

Mon, 07 Jun 2021 23:00:00 -0000

This is a great run through the advantages and disadvantages of a rent to rent strategy, if you are just starting out in property and don’t have the capital this could be the strategy for you with a low barrier to entry and the potential to scale quickly.

Hear about the positives and the things to look out for with a strategy that is minimal risk and needs minimal capital and then get started.

KEY TAKEAWAYS

You can scale quickly with minimum cash flow and low risk
You can create good profit through single lets, multi lets and serviced accommodation but you need to find the right landlord
Because you don’t own the property you don’t benefit from it as an appreciating asset
You can start with rent to rent then diversify and buy property
Having an option agreement to buy the property can be a positive for you and the owner
Minimal risk, minimal capital and it’s a great way to get started in property

BEST MOMENTS

‘You can create a good amount of profit for you and the owners’

‘The barrier to entry is very low and you can get started quickly’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Pay off Mortgage or Invest?

Wed, 02 Jun 2021 23:00:00 -0000

Shaz answers the question about whether to pay off your mortgage if you have the cash.

It can be easy to think that not having the debt is what everyone would want but as Shaz explains there are other options to consider.

He shares some of the options that anyone with the cash may want to look at instead of paying off the mortgage and reflects mindset and that ultimately everyone will need to make a choice that works for them.

KEY TAKEAWAYS

How you feel about debt is a personal thing and influenced by how you have been brought up.
Your relationship with debt depends on your mindset
From a financial point of view on an interest only mortgage its dependant on what you do with the money.
If you invest in property you will get a good return with cash flow if you are investing in buy to let.
If you are interested in getting into property you will get a better return through investing.
Keep the cash and your mortgage and invest wisely to get better returns

BEST MOMENTS

‘Most of us start small and build capital experience, expertise and your network’

‘How you feel about debt is all about your mindset’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How to get started with commercial conversions

Mon, 31 May 2021 23:00:00 -0000

Right now is a good time to buy and develop commercial properties and there are great opportunities out there.

Shaz explains what commercial conversion is and shares great tips and content on what you need to do to get started and make a strategy that is one of his favourites work successfully for you.

KEY TAKEAWAYS

Pubs, offices, shops and warehouses can all be redeveloped to create residential properties
There are opportunities through online and auction sites
There are permitted development rights so full planning is not required
When you are looking at conversion of office buildings check there is the space for car parking
Do an appraisal and workout the gross development value and the cost per square foot
You can use lenders to fund either the purchase or the development
If you are new and don’t have any experience it can be beneficial to joint venture your first few projects to build experience
To get started you need to understand the funding, how commercial projects work, the opportunities, locations and what amenities are required.
If you are new work with a builder who is experienced in commercial conversions

BEST MOMENTS

‘There are quite a few lenders who are open to this sort of funding’

‘Check everything out before you purchase the property’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

My Top 3 Property Strategies

Wed, 26 May 2021 23:00:00 -0000

Shaz has recently been asked about his favourite property strategies and in this episode, he shares his top three along with a bonus strategy.

If you focus entirely on one strategy it can be more challenging to pivot to another so this is a great opportunity to hear about the strategies with good returns that can be scaled quickly to create a diverse property portfolio.

KEY TAKEAWAYS

Commercial conversions - buy a commercial property and use permitted development right to convert to flats.
You can very quickly scale up with this strategy
It creates positive cash flow very quickly
After you’ve done your first few deals nothing is difficult because you know how things work
Serviced accommodation - this has great cash flow and in the right location will attract lots of guests and you can claim capital allowances
Buy, refurbish, refinance and rent – this is a strategy that works over and over again and means you can pull your money out in a relatively short time frame.
Buying land and building on it can be an effective strategy

BEST MOMENTS

‘There are lots of properties out there right now and good deals to be had’

‘Once you’ve converted you can easily re-mortgage’

‘What’s a good strategy today might not be tomorrow’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

YouTube Q and A Best Industries to buy businesses in in 2021

Mon, 24 May 2021 23:00:00 -0000

Shaz answers the question about how to identify the best industries to buy a business in and gives great tips on what to look for and why.

It’s best to focus on only one sector and then build a team around this asking yourself about high margins, the ongoing demand for the business and looking at industries with high levels of fragmentation.

KEY TAKEAWAYS

Look for industries that are highly fragmented - There might be two or three big players and lots of smaller individual businesses in the space.
Small businesses need to sell at some point but the options can be limited
Buy a business with high margins - High margins mean high profits
When you begin if you don’t know the business very well you may decrease the margin but if there is a high margin you will still be in a good position
Businesses in demand currently include anything to do with adult social care, old people’s homes, children’s homes and IT businesses
It’s about businesses that there is a need and demand for continually

BEST MOMENTS

‘Those smaller businesses rely on selling their business at some point’

‘Stay away from compliance heavy businesses as this can become very involved’

‘Every business can work well’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Buy, Refurbish and Rent – A Strategy that Works

Wed, 19 May 2021 23:00:00 -0000

Shaz explains Buy, Refurbish and Rent (BRR) and why it’s a strategy that works so well you can repeat it, again and again successfully.

There are ways of sourcing finance and finding below market value properties that mean you can use this strategy with very little money down and create an asset that generates regular rental income for you.

If you don’t know what strategy to start with Shaz recommends you go with BRR, because it works well again and again.

KEY TAKEAWAYS

Buy a property – preferably below market value
Refurbish and redevelop it
Rent it out and create regular rental income
It can be worth going bigger because a block of units requires the same amount of work as a single property
It’s a cookie-cutter model that you can continually repeat
This model doesn’t need a lot of money to get started
If you do it well you will be creating assets and regular rental income
If you don’t know where to start, start with BRR

BEST MOMENTS

‘You could take bridging finance to buy and to refurbish the property’

‘A small builder can manage a single property refurbishment for you’

‘It’s a popular strategy because it works really well’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

What do do if HMRC want to set up a tax enquiry meeting

Wed, 12 May 2021 23:00:00 -0000

HMRC is entitled to ask for reasonably required information, but the definition of reasonable is not always easy to define.

Shaz shares invaluable information about the do’s and don’ts when HMRC want to set up a tax enquiry meeting.

It can be easy to think you need to give everything that’s asked for but Shaz explains why this isn’t the case and some of the reasons behind why they are requesting particular information along with what you can do to make sure any information shared is reasonably required.

KEY TAKEAWAYS

When they ask for information always ask is this reasonably required?’
Ask for them to justify why they think it’s reasonably required
Having opened an enquiry they often request a meeting but there is no requirement for you to meet with them.
Request a detailed agenda and timings if you choose to attend
You can walk away from the meeting at any point if you don’t feel comfortable
When they send the notes from the meeting, you should think very carefully about signing them.
You are under no obligation to sign and if signed they can use the information against you.
They are not entitled to personal bank statements unless there is a particular discrepancy and they need to justify this
At the end of an enquiry ask them to confirm that you have claimed everything.
If they impose a penalty you should negotiate because you can often lower it.

BEST MOMENTS

‘Don’t give them everything and anything they ask for’

‘You can choose not to meet with them and still be cooperating’

‘Sometimes they are just trying it on’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Buying Land, is it worth it? Bicker

Tue, 11 May 2021 23:00:00 -0000

Shaz takes us through a development he is currently working on and explains the factors that need to be thought about when you are looking to purchase land and how having planning in place can potentially affect the outcome.

This is a great overview of the really crucial elements that must be thought about when you are buying land, get it right and the returns are definitely worth it.

KEY TAKEAWAYS

Location determines everything and can help you to determine what the likely sales proceeds are per square foot
The location plays a role in the outcome you will get and the amount of money you will need to spend
Know who your customer is to make sure there is the demand or the property you are building
Work on a minimum 20% return
It can be easier if you purchase land with outline planning in place
You can apply for a pre-application so you know if you will get planning
With a scheme, you will need to consider the social housing required
The planning process should take approximately 6 months
If you keep the property as an appreciating asset, the rent provides a monthly income.

BEST MOMENTS

‘The location can help you to determine what the likely sales proceeds are per square foot

‘If we sell the land with full planning we will have doubled our money, If we build it on we will quadruple our investment’

‘I prefer to refinance and pull my money out but keep the properties’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Spring Budget 2021: How it affects Property Investors

Wed, 05 May 2021 23:00:00 -0000

Shaz shares a succinct rundown of the updates in the budget that specifically affect property investors.

This great informative content on income tax, capital gains tax, stamp duty and super deductions means that for the property investor this is a fantastic quick and easy overview of what is going to matter moving forward through 2021 and beyond.

KEY TAKEAWAYS

Capital gains tax was expected to increase but it remains at 28% and 18% for residential gains and 20% and 10% for non-residential gains.
As expected the rates of income tax and NI have been held for 2021 -2022
If you hold property in a limited company and you make gains then you are subject to corporation tax at 19% but this will be increasing in 2023 to 20%
From 2023 it will be important to plan the timing of the disposal of property for capital gains purposes
Stamp duty has been extended until June 2021 the lower rate of SDLT won’t return to its level of £125,000 until October but the tax on additional property of 3% will still apply
Property between 500,001 up to million pounds will incur tax payments of 3,700 each year
Super deduction for capital allowances will be up to 130%

BEST MOMENTS

‘The stamp duty holiday was extended until the end of June’

‘It’s good news overall for property investors’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How to Find Good Deals as a Deal Sourcer

Mon, 03 May 2021 23:00:00 -0000

Deal sourcing is a great business that requires no money down and can be the way to build up your own property investments and earn income packaging up deals for other property investors

Shaz explains the role of a deal sourcer and the value to the property investor of working with a deal packager along with what it takes to be a good deal packager.

If you want to get started in property then deal packaging could be the role for you, listen in to find out more

KEY TAKEAWAYS

As an investor working with good deal sourcers is a fantastic way to do things
Deal sourcers will usually charge a percentage of the value of the deal
You don’t need much capital to get started as a deal sourcer it’s all about networking.
You have to build a reputation and have good contacts
Everything is done for you when you work with a deal sourcer
You can be both as an investor and a deal sourcer
Package deals well and you will attract investors who will want to work with you again.

BEST MOMENTS

‘I have clients that do really well as deal packagers’

‘Most of the deals I do come through deal packaging’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

5 Numbers to Track in Business

Wed, 28 Apr 2021 23:00:00 -0000

Shaz shares the numbers every business owner should be tracking.

These are the numbers that will make the difference to your business and how profitable it is.

You need to understand what your gross profit margin is, the cost per lead, how much it will cost to convert a lead to a customer along with the lifetime value of your customer.

When you have these numbers you know what’s working and what’s not so any changes are focused and about making the margins you want.

KEY TAKEAWAYS

You need to look at the gross profit margins for all your products
Cost per lead is a very important number but many businesses don’t know what this number is.
How much does it cost to acquire a customer?
How much does it cost to move a lead to a customer?
Workout the lifetime worth of a customer
How much is a customer worth to you?
What is the lifetime value of a customer?
Look at every item you sell and work out the gross and net profit
Can you afford to discount any products to bring customers through the door so you can then sell them other products?
What do you want the average value per year to be for each customer?
If you track the numbers your profits will go up

BEST MOMENTS

‘What is the average value of each of your customers per year?’

‘There are numbers you must track as a business owner’

‘How can you extend the lifetime of a customer?’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Buying a Business Ep 8 – 5 More Top Tips of What to Watch out for When Buying a Business

Mon, 26 Apr 2021 23:00:00 -0000

Shaz shares five more great tips on buying a business with all ten providing a good starting point for anyone looking to buy a business for the first time or considering buying another business.

In the previous ‘Buying a Business’ episode, Shaz covered goals, knowing your limits, financing the purchase, sellers motives and having an understanding of the industry.

Add the tips in this episode for a great list of the top ten tips you need to work through when buying any business.

KEY TAKEAWAYS

You need to have knowledge about the business and how it is performs
Look at whether the business has been meeting its targets, costs and net profit
Ideally, benchmark the business against competitors in the area
Look at whether the business has good systems and processes
Does it rely on the owner or does it operate well without them?
A business that is systemised is worth more than one that isn’t
If its heavily reliant on the owner a business isn’t worth as much and can be an opportunity for a discounted deal
Be aware of all the liabilities of the company
Be very clear on your plan, this will help with negotiation and having clarity may make you the preferred purchaser

BEST MOMENTS

‘Looking at the balance sheet is crucial ‘

‘Make sure you do your due diligence

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Why You Should Invest in Commercial Conversions as a Property Investor

Wed, 21 Apr 2021 23:00:00 -0000

You can purchase a commercial property with a long term lease bringing in rent and capital appreciation or you can buy a commercial property and convert it into residential creating an uplift in profit.

There are great deals available on commercial properties and the opportunities to get a property at a reduced price is out there right now.

Shaz shares his expertise on what you can do with commercial property and why there are commercial properties out there at really good prices.

KEY TAKEAWAYS

The price per square foot is much cheaper on commercial property.
Converting commercial to residential will increase the value per square foot
Even after a refurbishment, there is a huge profit margin.
If you don’t sell, refinance then rent out the properties bringing in immediate cash flow to cover the loan.
There are particular areas in towns and cities across the country that have great opportunities to purchase commercial properties
There are long term leases available on commercial properties.
With commercial properties, you can have an FRI lease and any insurance, maintenance or repairs are the responsibility of the tenant

BEST MOMENTS

‘Now people have seen there is a different way of working’

‘There are more opportunities now than there were 6 months ago’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Buying a Business Ep 7 - Top 5 things to watch out for when buying a business

Mon, 19 Apr 2021 23:00:00 -0000

Shaz explains exactly what you need to understand and be aware of when you are buying a business.

If you understand exactly what you want to achieve then you can make sure that any business you buy will help you to on the journey to reaching your goals.

Make sure you spend time finding out what the right business is for you, know the motivation of the seller and never get emotionally involved if you want to buy a business that will work hard and achieve for you.

KEY TAKEAWAYS

Know exactly what you want to achieve and buy businesses that will help you achieve your goals.
Spend time researching the right business for you
Those who know what they are doing pay good money for the right business
Know your limits, don’t get emotionally involved and when you are negotiating know your red line.
Be clear on how you are going to fund the purchase and the initial capital required
Have a backup plan and ideally two backup plans
Always understand the motives of the seller and the motive for selling
Have a good understanding of the industry where is it now where is it heading
Make sure you know enough about the sector you are buying into

BEST MOMENTS

‘Dare to be bold and big when setting goals’

‘Have goals for the businesses you buy’

‘I have very clear non-negotiables and they are non-negotiables for a reason’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Flipping vs BRR

Wed, 14 Apr 2021 23:00:00 -0000

Are you looking for regular cash flow or quick cash?

Shaz shares information about buy, refurbish, refinance and flipping as property strategies.

Each has advantages and it is all about what you are trying to do – build equity and a passive income or generate cash flow and an active income. As someone who uses both buy, refurbish, refinance and flipping Shaz has great tips on what works and why - depending on what you want and need from a property.

KEY TAKEAWAYS

If getting big amounts of cash in quickly is what you want then buy, refurbish, refinance won’t be the strategy for you.
If you don’t want to get involved with agents then flipping will be a better strategy for you.
If you are selling the properties then you will pay corporation tax if you are a limited company and income tax as an individual.
If you find the right deals and get them packaged well flipping works
If the property takes time to sell then you can end up paying more interest to the lender
The key benefit of BRR is you are generating regular cash flow and you can also benefit from capital appreciation on the property.
With buy, refurbish, refinance there are maintenance and void periods to account for with properties and having to deal with agents.

BEST MOMENTS

‘You can keep recycling your money’

‘Flipping means you can generate cash quickly’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Buying a business Ep 6 - Top 10 things to have in your business plan

Mon, 12 Apr 2021 23:00:00 -0000

People talk lots about business plans and in this episode, Shaz shares the 10 succinct things that you actually really need in a business plan.

Any business plan is only effective if it’s reviewed regularly, adjustments made and actions are taken, so this is a great opportunity to hear about exactly what you do need in a business plan and how you need to use it so that it makes a difference to your business.

KEY TAKEAWAYS

For clarity have a business summary – what do you want to accomplish, what’s your vision?
Your mission statement answers why your business exists
What are your core values? Look at what you do and how you live day to day.
Have an overview of your competitors understanding what they do well and what they don’t
Market research is vital – look at the trends and what’s affecting your industry.
Identify your operating strategy – how will the business be run, staffed and structured
Review pricing – are the margins working, how can you become more efficient?
Plan to review the budget and the cash flow monthly.
Have a marketing strategy to understand the cost of every client and how you can grow them.

BEST MOMENTS

‘What can you do to stay ahead of the curve?’

‘Review the business plan regularly’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Contract Hire and my Cars

Wed, 07 Apr 2021 23:00:00 -0000

Why is contract hire a good way forward?

Everyone wants a lovely car but any car purchase is immediately a depreciating asset. Shaz has been using contract hire for his cars for the last sixteen years and explains why it’s such a good way to have the car you want and not have to worry about the depreciation.

He also shares his favourite cars and explains why in any business you should lease any assets that will depreciate and use your money to invest in those that will appreciate like property.

KEY TAKEAWAYS

With anything that depreciates in value why own it?
With contract hire decide what car you want to have and how long you want to have it for
You can choose to buy a maintenance plan with the car or source your own maintenance
You agree to a set number of miles with any additional milage charged at an agreed cost per mile.
If you want to pay more upfront the monthly premium goes down
Run the car through the company and you can reduce the costs by 20%
If you are VAT registered you can claim back half the VAT on the vehicle if you have some private use.
For any asset that will depreciate always consider leasing it.
You should invest your money in assets that will appreciate such as property

BEST MOMENTS

‘Depreciation isn’t your problem’

‘You can get really lovely cars on contract hire’

‘If you like having a new car then contract hire is the way forward’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Buying a Business Ep 5 - Ways to structure a deal

Mon, 05 Apr 2021 23:00:00 -0000

Shaz shares the most common deal structures for buying a business, giving anyone who is thinking of buying a business the opportunity to think about what will be the best structure for them.

You could be looking at all money upfront, deferred payment or joint shares it’s all about what works for you with Shaz also explaining why deferred payment is his preferred strategy for a deal and why.

KEY TAKEAWAYS

A deal can be all the money upfront and lots of smaller deals are completed with this structure.
With deferred payment, you agree to buy and you pay a certain amount upfront with the rest being paid over an agreed amount of time
This is a good way to buy a business.
If the business is viable you will be able to get funding from a bank or another funding source.
The business should be making a profit and the profit over the next few years can help fund the purchase.
You can structure a deal where the previous owner stays on for an agreed amount of time.
Capital is paid upfront and the previous owner continues to receive a salary while they remain with the business.
You can buy into a business rather than buy it completely outright becoming a partner or joint shareholder.

BEST MOMENTS

‘Everything is paid upfront, job done’

‘Deferred payment works incredibly well’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Why Commercial Conversions Are The Best Property Strategy

Wed, 31 Mar 2021 23:00:00 -0000

Commercial conversions are they a good idea?

Shaz thinks they are a great strategy and shares great content about a commercial conversion of his own, how it was funded as a no money down deal for him and the positive outcome with money available to invest in the next project.

If you have wondered how a no money down commercial conversion works then this is a great opportunity to hear how it’s a great strategy that can be used repeatedly to move your property business forward. Commercial conversions are a great way to go.

KEY TAKEAWAYS

I bought a property for £395,000 to convert into 21 flats
The purchase was funded by a private investor except for £45,000 and another investor joint ventured on this part of the deal.
The mortgage process took around 13 months and was the longest mortgage application I have made in my life due to the pandemic and the lender had extensive questions.
We have mortgaged to pay back both the majority investor and the JV partner
We now have £125,000-150,000 to invest in new projects and 21 flats for free.
This is how conversions should work.
Starting small and scaling up is a good way to go.
Commercial conversion is a strategy I would do day after day every day
It’s a property strategy that gives you cash flow, you can keep the properties and rent them out or sell them.

BEST MOMENTS

‘We have got back all of our money to pay the initial funder and more for new projects’

‘Commercial conversions are a great way to go’

‘I think commercial conversions are fantastic’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Buying a Business - Ep 4: Due Diligence

Mon, 29 Mar 2021 23:00:00 -0000

It’s important that you do due diligence whatever the size of the deal

Financial, legal and commercial due diligence must be at the centre of any business deals if you want to make sure you don’t get caught out and Shaz covers the key aspects of good due diligence and a timely reminder that due diligence is about buyer beware.

This is a great opportunity to hear about the best ways to get due diligence covered well when you are buying any business.

KEY TAKEAWAYS

Financial due diligence should always be completed – you should go back at least 3 years and also look at the prospective numbers going forward.
Your accountant will work with you on the financial due diligence looking at the numbers, tax and accountability in detail.
Legal due diligence – work with a solicitor who specialises in this area or has extensive experience in buying and selling businesses.
Commercial due diligence - know what is going on in your industry, what your competitors are doing.
Spend time looking and researching exactly what’s going on in the marketplace
If the seller can’t answer all the questions then you are not buying what you thought you were buying and there is the possibility of negotiating a lower price
Make sure you never buy a business without doing your due diligence or you will get caught out

BEST MOMENTS

‘My solicitor sent me a checklist with 138 different points they look at closely’

‘Don’t skimp on fees for due diligence’

‘The bigger the deal the further into the future you will go with the numbers’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

7 Reasons Why You Should Invest in Property

Thu, 25 Mar 2021 00:00:00 -0000

Shaz is a multiple business owner and successful property entrepreneur and in this episode, he shares why property remains his favourite strategy.

Property is a tangible investment and people are always going to need somewhere to live either as property owners or tenants.

If you invest in property as a strategy there are a huge range of strategies you can get involved in from new builds through to buy to let and commercial conversion.

Shaz shares the key reasons property is a great investment and why you need to focus on cash flow from property investment to give you what you want.

KEY TAKEAWAYS

Property is timeless people are always going to need somewhere to live
The population in the UK continues to grow and this means the demand for property will also continue to grow.
There will be a demand for more housing.
There is a shortage of property which will drive up prices.
All local authorities have targets around granting more planning
Speeding up the planning process would increase confidence, increase the housing supply and the local authority earns more in fees.
The rental market is increasing so buy to let and rent to rent are good strategies.
House prices increased by 7.6% in 2020 despite the pandemic.
The capital value of properties is growing faster than interest rates for money in the bank
You need to focus on the monthly cash flow that gives you a good living or allows you to reinvest in what you want.
Property strategies are very diverse there are a huge range of different ways to be involved in property.

BEST MOMENTS

‘There are a huge range of different opportunities in property’

‘Capital appreciation is a bonus’

‘Smart investors will diversify their portfolio’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Buying a Business Ep3 Top 10 Skills to Negotiation

Tue, 23 Mar 2021 00:00:00 -0000

In this episode, Shaz shares great advice and tips on how to negotiate effectively.

It’s a numbers game so it’s important to not get emotionally involved but effectively use your negotiation skills to get the best deal.

There are always multiple factors involved as to why someone is selling and building rapport and respect through communication is the best way to understand the motivation of the seller.

Using Shaz’s great practical advice is a great way to get started with negotiations that will get you the deals you want.

KEY TAKEAWAYS

Communication is key and this is how you build rapport and respect
What is their motivation for selling?
Don’t agree to the price they first put forward this is a negotiation
Go in with a low figure but have a rationale and justification
Price is not the only factor the seller will be considering
Negotiations take time don’t try and rush a sale.
You need to have multiple deals going on at different stages because any deal takes time.
Think about your ideal position, realistic position and fallback position
When you understand the reasons for the sale then you have potential leverage in the situation.

BEST MOMENTS

‘The more motivated they are to sell the better the deal’

‘Put your cards on the table facing up at the beginning’

‘It’s a numbers game so don’t get emotionally involved’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

5 Reasons why we are going to see a property crash in 2021

Thu, 18 Mar 2021 00:00:00 -0000

Everyone is talking about if and when a property crash will happen and Shaz has put together great content that explains when and why it will happen in 2021.

Following the worldwide pandemic, the support measures put in place are coming to an end and officially the UK went into a recession in the second quarter of 2020 so there will be a correction in the property market and Shaz shares great information about the reasons why in this informative episode.

KEY TAKEAWAYS

The UK has been in recession since the second quarter of 2020
In previous recessions, there has been a property crash.
Unemployment will rise when furlough ends
When people can’t repay their loans the property market is affected and a correction will happen.
A lot of people in the UK can’t afford to buy property right now.
The average house price in the UK is around £250,000 and many don’t earn enough to get a mortgage.
The relief on stamp duty ending will slow the property market.
There will be an end to mortgage holidays and this will mean people will struggle
After March there will be a correction in property prices.

BEST MOMENTS

‘We will see a lot of people trying to complete in the next month’

‘Even the most optimistic don’t think the economy will return to pre-Covid levels until 2023’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Buying a Business - Episode 2 - Securing Funding!

Tue, 16 Mar 2021 00:00:00 -0000

In this episode, Shaz looks at the different ways you can secure funding to buy a business. there are a variety of different ways and each has different challenges.

Shaz explains in detail why deferred payment works exceptionally well and is his personal choice for funding. It means putting in the work to understand the motivation of the seller but it’s about you not having to put any money into the deal. When you can finance purchasing a business in this way it opens the opportunities for scaling securing multiple businesses.

KEY TAKEAWAYS

You could take an unsecured loan, depending on the size of the business this could be used as the deposit
To take out a secured loan, usually, you will have to provide a guarantee or security and you will need to have a good business case and a good team around you.
Peer to peer lending can secure funds quickly but the interest with be higher.
Deferred payment means you agree to the purchase and the payments are then split over
The initial payment can come from the bank and then the subsequent payments from the profits of the business over several years.
Deferred payment can usually be viable over 3 to 5 years
Small businesses can be difficult to sell so a deferred payment can be acceptable when they are motivated to sell.
You need to understand their motivation for selling.
Deferred payments work exceptionally well

BEST MOMENTS

‘You need to make sure you can sustain the business’

‘Depending on how you structure the business a loan could get you started’

‘No money down from a buyers perspective can work really well’

VALUABLE RESOURCES

shaz@aa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Why Now is the Best Time to Buy a Business

Thu, 11 Mar 2021 11:07:10 -0000

Currently, with a global pandemic, lots of people are re-evaluating and thinking about whether this is the right time for them to get out of the business they are in.

So, this is a great time to buy a business and Shaz shares how with a deferred sale you can in reality get a business for free.

People are open to doing deals so if you can find people who want to sell then you are helping them to realise their dream, as many small business owners plan for the sale to be a part of a retirement plan that lets them do what they want to do – it people helping people

KEY TAKEAWAYS

There are people who are unsure of the future so are looking to make a change
There are those who were thinking of moving who may be looking to give up their businesses.
People with multiple businesses may be looking to streamline.
Identify people who want to sell and work with them so they are happy and you are happy
Small business owners will often see the sale of their business as part of their retirement plan.
You can help make that happen and ideally with a deferred sale where you pay something now and the rest paid over the next few years
You can get a business for free using future profits to pay off the debt.
Scale-up by buying businesses and you will have a high capital value when those businesses are considered together.

BEST MOMENTS

‘This isn’t about taking advantage of people this is about helping people’

‘Many small business owners struggle to sell for a range of different reasons’

‘People are open to doing deals’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Buying a Business - Episode 1

Tue, 09 Mar 2021 00:00:00 -0000

In this first episode of a new series about buying a business Shaz looks at shares and assets.

It’s important to understand the differences for both the buyer and the seller when selling and purchasing assets and shares and Shaz explains the differences and why sellers usually prefer selling assets.

Ultimately it’s about understanding what both the seller and buyer want and what’s required when assets or shares are sold as part of a business and Shaz shares great advice about what needs to understood when buying any business.

KEY TAKEAWAYS

Most buyers favour buying the assets of a company.
If you buy the shares of a company you take over all the previous liabilities
If a seller sells the assets they can’t claim entrepreneurs relief.
If they sell shares they can claim entrepreneurs relief if they meet the criteria.
Sellers will usually prefer to sell shares not assets.
If you are selling the assets it’s likely you will have more interest because buyers prefer to buy assets.
The sale will potentially move more quickly with assets because there is not the same due diligence required.
If the buyer is buying assets and goodwill then the goodwill value has to has an agreed value
With shares, you can claim entrepreneurs relief on the first million.
If you are buying shares both financial and legal due diligence need to be completed.
The sale of shares takes a lot longer than the sale of assets.
You need to factor in the fees when you are buying a business.

BEST MOMENTS

‘The seller has more leverage selling assets’

‘Selling assets will mean the sale is faster’

‘My preference is to buy the assets but it does depend on the circumstances’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How To Get More Done In Less Time

Thu, 04 Mar 2021 00:00:00 -0000

Everyone in business is always looking to find more time and many identify time management as a challenge.

Time moves on in the same way for everyone but you can learn to manage yourself and how you tackle the working day with more focus.

Shaz explains how he has refined the ways he approaches the working day to make sure he gets the most out of it and shares great tips on how anyone can get more done in less time.

KEY TAKEAWAYS

We can’t manage time we can only manage ourselves.
Plan each day before you begin.
List three priority things you want to get done that day.
Go through the goals you have set - this creates a positive frame of mind.
The Pomodoro technique works really well.
You’ll be surprised at the amount of work you can get done if you are completely focused.
Learn how to delegate because the more you delegate the more you free up your time.
Prioritise and then re-prioritise activities and tasks throughout the day.
At the end of the day review and celebrate what has gone well.

BEST MOMENTS

‘When you have less time, you are more focused’

‘Break down your big goals into smaller monthly and weekly goals so your know you are winning’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Starting a Property Business: EP 8 - Persevere

Tue, 02 Mar 2021 00:00:00 -0000

When you go into property you are going to lose money at some point and there will be challenges.

The most important thing to do is to persevere there will always be challenges to overcome and things will sometimes go wrong but if you persevere and are not afraid of making mistakes you can learn from the things that go wrong and achieve more

KEY TAKEAWAYS

When you are looking at any deal make sure you do your research
Things will go wrong and you need to always persevere
You need to look for a solution to the challenge and carry on.
Don’t be afraid to make mistakes.
When things go wrong learn from those mistakes and then you will never make the same mistake again.
Whatever you are doing remember to persevere.

BEST MOMENTS

‘When you are going into a deal don’t go in blind’

‘Have the confidence to go out and try stuff’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Buy To Let Taxes To Be Aware Of

Thu, 25 Feb 2021 00:00:00 -0000

In this succinct episode, Shaz shares an overview of the taxes you are likely to need to pay when you have a buy to let property portfolio.

You need to consider Section 24, stamp duty land tax, capital gains tax and inheritance tax along with deciding which is the right structure for you to purchase property through.

This is a great opportunity to hear about what you need to take into account and the different ways taxes will impact on your property portfolio and the way property is purchased.

KEY TAKEAWAYS

Section 24 came into effect in April 2017 and it means you cannot claim your finance costs if you have a portfolio in your own name or as a partnership.
You can get a 20% tax credit if you are a higher taxpayer but can’t claim finance costs
If you are a basic rate taxpayer you can claim finance costs.
You will be paying more in tax.
When buying property to let you will have to pay property stamp duty land tax.
When you sell a property, you will pay capital gains tax.
You need to forward plan for inheritance tax
If you are employed it makes sense to purchase properties in a limited company
Every situation is different and a limited company may not be the right route for you.
You need to explore all the options to ensure you use the right structure for you.

BEST MOMENTS

‘You can buy property within a limited company’

‘You need to consider Section 24, Stamp Duty Land Tax, Capital Gains Tax and Inheritance Tax’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How to start a property business EP 7: Top 9 things you should do at the start

Tue, 23 Feb 2021 00:00:00 -0000

Shaz shares his key tips in this episode, the things you need to do if you want to be successful in business as a property entrepreneur.

Shaz shares his personal experiences and provides a great opportunity for others to learn from the mistakes he made along the way.

If you are passionate about property and committed to growing a successful property business then follow these key tips and you will see positive results.

KEY TAKEAWAYS

Make Sure you have a good power team solicitor, accountant, architect, deal sourcer, planning consultant and builder
Surround yourself with successful, positive people, you are the average of those around you.
Network, to learn from others and shorten your own learning curve
Get a mentor, this is really important and will make a huge difference
Dedicate 15 minutes a day to learning about property
Start conversations across social media platforms to start building contacts.
Make a plan and make sure you carry it out. Take the action you need to make things happen.

BEST MOMENTS

‘I wish I’d had a mentor early on when I started out in business’

‘You need to be passionate and committed to being a successful property investor’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

10 Tips For Property Investing In 2021

Thu, 18 Feb 2021 00:00:00 -0000

Shaz shares his top tips for property investing from demand through to commercial conversions there are tips that cover all aspects of property and a range of different strategies.

Whether you are new to property investing or already on your property journey there is something for everyone in this episode.

KEY TAKEAWAYS

Stamp duty tax holiday ends on 31 March this year.
The demand for 2021 will remain strong, including investment from abroad.
Interest rates are currently low and there are good deals available.
If you are a new investor make sure you do your research.
With more people working from home there is increased demand for properties with outdoor space and a decrease in price for those without gardens.
There will be an increase in people needing rental properties.
It’s likely there will be more offices available to let due to a decrease in demand.
Commercial conversions are the best property strategy.
There is a higher demand than supply currently.
If you are looking to buy it may be beneficial to wait as some are predicting a drop in property prices.

BEST MOMENTS

‘Property prices are holding despite BREXIT and other difficulties’

‘Some companies are finding their employees are more productive working from home’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How to Start a Property Business Ep 6 Goals and KPI’s

Tue, 16 Feb 2021 00:00:00 -0000

Having clarity on your business and goals is vital and affects all other aspects and areas.

If you don’t know where you are aiming or clarity you are unlikely to get there and in this episode, Shaz shares great advice and poses the questions any business owner should be asking themselves about what exactly they want to get out of their business and how they are going to achieve their goals and Key Performance Indicators.

Those who take the time to map out what they want to achieve, have a roadmap and clearer vision and are more likely to achieve their goals and aspirations.

KEY TAKEAWAYS

Write down your goals however many there are.
Be clear on what your business will look like in the future.
Map out what you want to achieve.
Your goals and aspirations change over time but having clarity about the journey is vital.
Key Performance Indicators are real-time measures that will help you to stay on target
It’s what you can measure in your business every week and month.
KPI’s alter over time to provide the specific focus you need but get started by focusing on the hours spent working on and in the business and money in the bank
It’s better to go through the journey finding the right KPI’s for your goals and the vision you have for your business.
Focus on KPI’s for your key result areas, where the impact will be greatest.

BEST MOMENTS

‘If you don’t like doing something then get someone else to do it’

‘Focus on a clear direction and vision for your business’

‘Making a start is more important than being perfect’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How To Distribute Your Income

Thu, 11 Feb 2021 00:00:00 -0000

When you look at your income as a whole how and what should you be allocating where?

Shaz explains how to start tracking and distributing your income in the right way to make a positive difference in your life.

If you follow his advice and make a start on budgeting you will find it quickly becomes a positive habit in your life.

KEY TAKEAWAYS

60% of your income will go towards your monthly expenditure including around 30% on your mortgage or rent.
10%. Must go to capital appreciating assets – your investments.
10% needs to be in your ‘rainy day’ fund.
Plan to put a minimum of 5% in a charity account and give to your charity of choice.
10% on your lifelong learning will make your future better.

BEST MOMENTS

‘The more good you do the more you get back in return’

‘The more you invest in yourself the better your future will be’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Starting a Property Business Ep 5 - Power Team

Tue, 09 Feb 2021 00:00:00 -0000

Shaz explains exactly how to build a power team for your property business and shares great advice based on his own experiences.

Getting the support of a good power team will mean you can create a strong property business that is scalable and save yourself time and money.

You need a power team with the right people and not finding the right team can make everything much more challenging but a good team will make all the difference for you and your property business moving forward.

KEY TAKEAWAYS

If you are new to property then use networking and social media to find recommendations for architects and builders
You need a good;

-Architect

-Planning consultant

-Deal sourcer

-Solicitor

-Builder

-Letting Agent

You need a really good property accountant – ideally someone who also invests in property.
A property accountant who also invests in property will have an in-depth understanding and knowledge of the many complexities in property.

BEST MOMENTS

‘It’s extremely important to have a good power team at the start’

‘It will save you lots of time and money’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Is It Worth Having A Coach Or Mentor?

Thu, 04 Feb 2021 00:00:00 -0000

Should you invest in a mentor or coach?

This is frequently discussed and in this episode Shaz shares some great reasons as to how a mentor or coach can make a positive difference to your business.

From bringing accountability and challenge to resources and access their connections a mentor or coach can help you get where you want to be and achieve your goals faster.

KEY TAKEAWAYS

Having a fresh pair of eyes can make all the difference, seeing things you can’t see because you are very involved.
Sometimes you can lose focus on the simple things that make a difference.
A coach or mentor will ask you questions that will help you to think about your business
They will challenge you to look at your beliefs and limitations
Sharing your ideas with a third party like a coach or mentor can help validate your ideas.
A good coach will motivate you and provide accountability.
They will share resources and their network with you.
They will have specialised knowledge that when shared with you will help you to move forward.
They can help you get to your destination and achieve your goals much faster.

BEST MOMENTS

‘It’s the simple stuff that really works’

‘They will help you to look at wider opportunities’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Starting a Property Business- Ep 4: How to Buy a Property with No Money!

Tue, 02 Feb 2021 00:00:00 -0000

One of the most common questions asked by those starting out in property is ‘ I don’t have the funds how can I buy property?’

Shaz answers the question and explains exactly how anyone starting out can buy property without using any of their own money. Follow Shaz’ advice and you will be able to focus on spending your time finding good deals and building your property business.

KEY TAKEAWAYS

Spend time finding a good deal with the right property
You can look for a joint venture partner to fund the purchase and possibly also fund the refurbishment.
People with money want to invest because they may not have the time or the know-how to do it themselves.
You can find investors and joint venture partners through networking and business groups.
Start talking to people about what you have to offer and the deals you have.
It’s all about building a relationship so that when the right deal comes along they will want to invest.
If you get the first deal right they will want to continue to invest with you.
Often investors will want to invest more once you have worked with them successfully.

BEST MOMENTS

‘I used to think it wasn’t possible but then I tried it, I found the deal and someone else funded it’

‘Knock on the right doors and you will find investors and funding’

‘It works you just need to get out there and do it’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How To Invest In Yourself And Improve Personal Development

Thu, 28 Jan 2021 00:00:00 -0000

Shaz reviews the variety of ways you can invest in yourself to further your knowledge and understanding from reading regularly through to being part of Mastermind Groups.

Many people underestimate the importance and impact of personal development on the journey to a successful business but the more progressive thinking you are the more valuable you will be to your customers and clients. So, get started by blocking out time regularly for personal development and follow some of Shaz’ great tips on ways to invest in yourself.

KEY TAKEAWAYS

Reading books have a phenomenal return on the time you invest in them.
Whatever you read you will take something away from it
Attending courses shortens your learning curve and is a great opportunity for networking
Mentoring courses and niche-specific groups will help you to learn from others and ensure your knowledge is up to date.
Mastermind groups help with accountability and challenging yourself
One to one coaching and mentoring will bring accountability and help with setting goals
A good coach will hold you to account.
Network meeting can help you with exposure for your business and provide great opportunities to make new contacts.
The more time you spend investing in yourself the better the returns will be.

BEST MOMENTS

‘Reading can become your best friend’

‘From every course, I’ve learnt something new’

‘I don’t think I would ever not be part of a mastermind group’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Starting a Property Business EP 3 Goldmine Area & Contractors

Tue, 26 Jan 2021 00:00:00 -0000

Deciding on your goldmine area, the place you want to focus your attention on for property development is key and there are a range of factors to take into account. Shaz shares what you should consider whilst always understanding that ultimately it’s all about whether the deal works for you and the end value and appeal to others.

To refurbish or redevelop a property as a property developer means you need to also find the right contractors to work with, building a team that you are happy to work with on a regular basis as your business grows.

KEY TAKEAWAYS

You need to decide how far you want to travel.
When deciding on your goldmine area consider –
Market demand and purchase prices
The location, relevant to recreational areas like parks.
The proximity of schools, bus and train routes and places of worship.
Other developments being undertaken or planned in the future
If your projects are in the same area you can use the same contractors
When contractors are in a local area you can see previous work
Get testimonials from their previous clients and customers
Take your time and choose the right contractor because you will potentially be offering regular work.

BEST MOMENTS

‘Ultimately it’s all about whether the deal works and the end value’

‘I’d rather have 4or 5 projects in the same area’

‘Having my architect and contractors close by works for me’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Q&A: Setting Aside Funds and When to Pay Yourself

Thu, 21 Jan 2021 00:00:00 -0000

Shaz looks at the question of how to set aside funds to pay yourself first and how to create a sub-account that can be used to fund repairs on your property portfolio.

Paying yourself first at a commercial rate is vital but it’s something people struggle to get right as business owners but if you don’t value yourself who else will value you?

KEY TAKEAWAYS

It’s extremely important to pay yourself a commercial rate as quickly as possible
If you don’t value yourself who else will value you?
Pay yourself first at a commercial rate
If your business can’t afford to pay you the amount you are worth work out how to move the business forward to a point where it can pay you that figure.
Its good discipline to have a sub-account with a monthly amount transferred into it monthly for repairs.
It will help you to become more disciplined.

BEST MOMENTS

‘Many people only pay themselves last and at a very low rate’

‘Think about a figure that you are worth’

‘Sub accounts will mean you have clarity over your accounts’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How to Start a Property Business Ep 2 - No Money Down Deals

Tue, 19 Jan 2021 00:00:00 -0000

If you are thinking about getting started then this is an episode for you. Shaz explains his favourite strategy – no money down along with tips about what you need to look out for when you are starting out in the property business with your first developments.

There are a range of ways to finance a project from using a bridging company through to working with a joint venture partner – it’s just about finding what’s right for you.

KEY TAKEAWAYS

Don’t underestimate the cost, this is often an issue with those new to development.
Funding can be arranged through a bridging company and this can be done quickly but the rates are higher.
Private funders and peer to peer lenders are also options.
Bridging works well and money is available at different points of the development.
You can work with a joint venture partner who may bring expertise, experience and funding.
For a no money down purchase you source a deal and source someone who has the cash for the purchase and development.
You can refinance when the development is complete.

BEST MOMENTS

‘Make sure you are sensible with numbers and factor in all the other costs and resources required’

‘For no money down, you source a deal’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Techniques to Grow Your Business

Thu, 14 Jan 2021 00:00:00 -0000

Many people are fixated on the idea that the only way to grow their business is through attracting more customers but there are many other things you can do and Shaz shares why and how you can use all of them to grow successfully.

Retaining your existing customers is key because it’s far more cost-effective than the marketing required to secure new customers and Shaz explains exactly what you should be doing to increase revenue.

KEY TAKEAWAYS

Review your prices and make sure there is a good margin for you
Are you communicating to your customers all the services and products available to them?
By increasing the frequency of purchases or visits by customers you are increasing your income from the client.
People pay the least amount of attention to retaining customers but it’s more cost-effective to keep an existing customer than the cost of the marketing required to attract a new one.
Look at systems in place and improve them to stop losing customers.
Review all your systems and purchases can you purchase at a better price; can you be more efficient?

BEST MOMENTS

‘Every business can look at cross-selling to increase income’

‘There can be a range of factors that mean a customer chooses you’

‘Work out how many clients you are losing and fix the leaky bucket’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Starting a Property Portfolio Business- Ep 1 Buy & Hold or Buy & Sell

Tue, 12 Jan 2021 00:00:00 -0000

In this new series Shaz covers everything you need to know about starting a property portfolio and begins in this episode with looking at - Should you buy and hold or buy, refurbish and sell? Along with great advice and tips about whether the business should be in your own name or you should create a limited company.

Property is a tried and tested way of achieving extra income and there are lots of different strategies but the buy and hold and buy, refurbish and sell are two of the most easily accessible to those who are just starting out so Shaz’s great tips on pros and cons of both strategies are exactly what anyone needs to decide on the right strategy and get started.

KEY TAKEAWAYS

Buy to let is a long-term strategy that is relatively low risk.
It gives regular cash flow and there is also the advantage of capital appreciation.
When you have a rental property, there are maintenance costs and wear and tear from tenants.
Buying and developing has a higher risk when you begin because the amount you add through development is less known.
If you can buy below market value, add value and can sell quickly you can achieve good returns.
With buy to sell there are no ongoing costs with tenants but also no regular cash flow.
Buy to sell is more sensitive to the property market and you will need to build a team that can support you in the refurbishment.
Buying in your own name means you are subject to section 24.
Having property in your own name is more flexible but you do have unlimited liability.
If you have a limited company then you are not personally liable and you only pay corporation tax.
As a limited company, there is a more restrictive choice of mortgage products.

BEST MOMENTS

‘Property is a tried and tested way of achieving extra income’

‘Usually, the buy to let strategy needs to be scaled up to achieve the best returns’

‘It can often take the less experienced developer longer to refurbish than they think it will’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Money Management Episode 7: Money Mindset

Thu, 07 Jan 2021 00:00:00 -0000

Money mindset is key in your money management and we live in a world where how we view money is in part determined by how we are brought up. Often the perception can be that money is bad and that those who have it are also bad but in reality money just exaggerates who you are.

To attract money into your life its vital to have good processes in place, act with speed and give money away to good causes and the things that are important to you and Shaz explains exactly how to get the money mindset that will attract money to you.

KEY TAKEAWAYS

To attract money into your life you need to move away from negative self-conscious programming.
Give money away – when you give money to good causes and things that are important to you, you’ll attract money to you – do this by creating an account and giving on a regular basis.
Put in robust processes - money likes process so it’s important to have good processes throughout your business for everything you do.
Successful multi-national companies have robust and effective processes in place.
Money likes speed - think things through and review both the positives and negatives but then when you have done this take action.
Money likes people to act with speed.

BEST MOMENTS

‘I wasn’t brought up with money around me, it was tough’

‘If you give more away, you attract more in return’

‘Money likes people who are focused and process-driven’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Money Management Episode 6 – Multiple Streams of Income

Tue, 05 Jan 2021 00:00:00 -0000

To be successful Its exceptionally important to have multiple streams of income. If you only have one key employee, one key customer or one way of generating leads then the impact will be high if you don’t have them.

As a business owner, you need to focus on working to have more than one stream of income so you can use your first business to fund your lifestyle and the additional businesses to invest and generate income to grow further.

KEY TAKEAWAYS

Most business owners only have one source of income.
If you have 1 key employee, 1 way of generating leads, 1 big customer then you will find things difficult if you don’t have them.
You need to work to have two or more streams of income.
Look at your customers and clients and ask yourself what else can you supply?
Your first business will fund your lifestyle.
A second business can be used to invest in generating even more income.
Don’t stop at two, it requires the same effort to run one business as it does multiple businesses.

BEST MOMENTS

‘Property is a fantastic way of generating additional income’

‘I started with accountancy and extended to business advice, coaching and mentoring when I realised this was something my clients wanted’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

The Pros and Cons of Incorporating a Property Portfolio

Tue, 29 Dec 2020 00:00:00 -0000

It can be easy to only look at one aspect positive or negative of incorporation but you need to review all of the financial implications before you make a decision and Shaz shares some of the pros and cons of incorporating a property portfolio.

This episode provides a great overview of what you need to be looking at and reviewing before you make a decision, so it’s a must-listen for anyone thinking about whether to incorporate or not.

KEY TAKEAWAYS

Make sure you can demonstrate you have a business. you need to have a portfolio and be spending in excess of twenty hours per week on your business.
Your business should be managed by you not a letting agent.
Being limited means you can claim 100% of your interest costs.
It’s possible to claim section 162 incorporation tax relief.
If you are a partnership you won’t have to pay stamp duty if you meet the rules.
When you move properties from your own name into a limited company you have an uplift in the base cost of those properties.
If you have a limited company you have limited liability.
When you have incorporated you can look at inheritance tax planning.
Include legal and valuation fees into the cost of incorporating.
Be aware that incorporating means less privacy about your portfolio.

BEST MOMENTS

‘Think about the increase in the base cost’

‘You are in control of how you take money out of the company and it’s usually more tax-efficient’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Money Management Episode 5: Taxes

Tue, 22 Dec 2020 00:00:00 -0000

Shaz shares great advice about the importance of having a sub-account where you regularly deposit money that is for taxes.

If you want to make sure you have the money you need for taxes in your business then ring-fencing it in a sub-account is the best way to achieve this.

KEY TAKEAWAYS

It’s very important to have a sub-account for taxes.
Whenever you have money coming in, put aside the money for taxes.
There is VAT to pay and corporation tax if you are a limited company.
If you employ people you will need to account for PAYE and NI payments.
There are also wider taxes such as council tax.
Regularly review the taxes you pay to make sure you are claiming any reliefs due.
Talk to a tax expert to make sure you are forward planning.
Have a separate account and put the tax money in it.

BEST MOMENTS

‘If you ringfence the tax money you know it’s not yours’

‘It’s worth having a sub-account’

‘If you are in business and making a profit you will be paying tax’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Incorporation And How To Take Forward Your Losses

Thu, 17 Dec 2020 00:00:00 -0000

Shaz goes through the questions anyone should be asking when they are considering incorporation.

It can be the right thing but you must go through all the steps to make sure it’s the right thing and the right time for you.

There are several aspects to consider including whether you have fixed rates, appreciation in value and equity along with whether setting up a trust is the right way forward in this informative episode.

KEY TAKEAWAYS

Go through all the steps to make sure it’s the right thing for you to do.
If you have fixed rates that are due to finish in the near future then penalties may make it not the right thing to incorporate.
When you move properties into a limited company you get an uplift in the base cost of those properties.
If you have owned properties over a long period of time, they have appreciated in value and the equity is more than the debt then you have good reason to incorporate.
You can incorporate the property portfolio and use a trust to pass the assets onto family and children.
Tread carefully when you are thinking about incorporation.
Ask is it right for you and your circumstances?

BEST MOMENTS

‘Some people use incorporation really well’

‘Legally you can have a deed of trust and remain as the owner’

‘Consider setting up a trust’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Money Management Episode 4: How to get out of Debt

Tue, 15 Dec 2020 00:00:00 -0000

Shaz looks at why debt is a part of most people’s lives and the actions you can take to get out of debt along with the options available if you can’t.

If you take the time to effectively manage your debts you can lower the amount of interest you need to pay and shorten the length of repayment.

Budgeting is a key part of building a successful personal and business life and if you focus on effective budgeting you will be able to remain out of debt.

KEY TAKEAWAYS

A mortgage is a debt but if you pay off the debt the asset becomes yours.
An offset mortgage can save you money over the period of the loan.
If you are in debt you need to come up with a payment plan to get out of debt.
If a payment plan isn’t possible you may need a debt relief order, an IVA or to file for bankruptcy.
If you are in debt speak to the people you owe money to and try to arrange a plan to pay them back.
If you have a high-interest rate on your debts it may be worth moving the debt to loans with lower interest rates.
Being in debt can have a huge impact on all areas of your life.
Budgeting is part of the foundation needed to build a successful business and personal life.

BEST MOMENTS

‘Debt does feature in most people’s lives in one way or another’

‘Organisations want their money back so they may accept a payment plan’

‘It’s best to try and budget effectively and not get into debt in the first place’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How to Increase the Number of Customers

Thu, 10 Dec 2020 00:00:00 -0000

Shaz looks at how you can create an avatar of your ideal customer so you can effectively direct your messages and bring the customers you want to you.

It can take time and effort to work out the demographics and psychographics of your ideal customer but if you take the time it can move your business forward because you will know what the challenges and problems are for your customer and how you can help solve them.

KEY TAKEAWAYS

If you try and target everyone as your customer or client you will not be able to successfully get your message across to anyone.
If you try and target everyone your message and unique selling proposition won’t be clear.
It takes time, effort and enthusiasm to establish who your ideal customer is.
Look at your current customer base do you already have an ideal customer?
You need to work out the demographics and psychographics of your ideal customer.
What is the age, gender, race and background of your ideal customer?
What are the behaviours, attitudes, values and lifestyle of your ideal customer?
What are their desires? what are they trying to achieve with their business?
What can you do to help them? How can your product or service help them?
Think about the key areas they are afraid of and how can you help them.
Take the time to create an avatar of your ideal customer.

BEST MOMENTS

‘Be very clear on your ideal customer profile’

‘When you know what your ideal customer looks like you will be able to identify more of them’

‘What are the challenges and issues for your ideal customer and how can you solve their problems’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Money Management - Episode 3: Savings

Tue, 08 Dec 2020 00:00:00 -0000

Shaz looks at the different ways you can save money as part of the overall strategy anyone should have in place for money management.

Savings is about the income you derive from it and the capital appreciation and savings can be in various different forms such as an ISA, bonds, real estate or property.

This is a concise and informative overview with useful information for anyone considering the best way to save.

KEY TAKEAWAYS

With an ISA money can only be added each tax year but there is a limit. Any income generated is tax-free and an ISA can be transferred between providers.
To qualify for stocks and shares ISA’s an individual must be over 8 years old and resident in the UK.
Investment in stocks and shares ISA’s are exempt from dividend tax and capital gains tax.
The innovative finance ISA includes peer to peer loans. It is quick and flexible although the interest rate can be higher.
Fixed-rate savings accounts offer higher interest but your money is locked in for a certain amount of time
The most common investments are shares, bonds and the property market and are most suitable for the longer term.
You can invest in anything and may consider investing in a business as a silent partner
Make sure you take into account all costs involved when investing so you know what’s involved and what you will be spending

BEST MOMENTS

‘There are junior ISA’s available for your children’

‘Regular savings accounts are good for habit building’

‘The higher the risk the higher the potential return’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Track the Numbers in Your Business for Success

Thu, 03 Dec 2020 00:00:00 -0000

Do you know the numbers in your business?

Shaz shares the numbers that any successful business tracks weekly to ensure they know exactly what’s going on and can adapt and respond to make sure they are always moving forward to achieve their goals.

Many businesses don’t know about what their numbers are but it is the key element that separates those who are successful with those who are not, listen in to hear exactly what you should be tracking to achieve the success you want.

KEY TAKEAWAYS

Track the essential numbers in your business at least quarterly.
It is better to track your numbers ideally weekly or at least monthly.
Use your management accounts to track your turnover, costs, profit.
The businesses that are successful obsess over their numbers and keep a very tight grip on their accounts.
Your accounts are a rear-view mirror, good for looking at what’s already happened but not particularly useful for making progress forward.
Your KPI’s are what determine your direction and how you get to your end goal
Accounts should be tracked every month, alongside key performance indicators, with both success drivers and cost drivers.
As you progress you will begin to identify what you need to have as KPI’s to bring success to your business.
The most important thing is to get started.

BEST MOMENTS

‘Your accounts are your rear-view mirror, a historic account of what’s already happened’

‘Management accounts, KPI’s track them regularly with your team to achieve the success you want’

‘Understand what the key areas are that you, the business owner should be working on’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Money Management Series, Episode 2 – How to Improve Your Credit Score

Tue, 01 Dec 2020 00:00:00 -0000

In this episode, Shaz shares great tips on how to build your credit rating and makes it clear what affects and impacts on your credit score and your potential to get credit.

He explains how you can build your credit rating and become financially successful if you understand what to do.

In a world where credit surrounds us along with constant marketing about the importance of having everything now, it’s important to live within your means and fully understand the impact of your credit rating and how you can use it to your advantage.

KEY TAKEAWAYS

Credit cards allow you to borrow money now and pay it back later
The better your rating the more likely the credit card companies are to increase your limit
Credit cards give customers protection through section 75 of the consumer credit act for purchases over a hundred pounds.
Credit cards also help to build your credit rating.
There are 3 big credit agencies and they operate in different ways to score your credit.
Your credit rating is dependent on your credit past. Past history is an indicator of future performance.
Make sure you are on the electoral roll.
Cancel all unused credit cards.
Don’t make cash withdrawals on your credit card.
Make sure your details are consistent as it demonstrates visibility.
It’s important that you are aware of county court judgements as they will stop you getting credit, loans and mortgages.

BEST MOMENTS

‘Make sure you put money into capital appreciating assets’

‘Have an emergency fund and have some money left over for fun’

‘Make sure you live within your means’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Commercial Conversions EXPLAINED What you should consider before doing one

Thu, 26 Nov 2020 00:00:00 -0000

In this content-packed episode, Shaz explains what everyone should know before they start a commercial conversion.

Lots of people miss out capital allowances because they don’t know what they can claim so it’s vital you seek the advice of an expert tax specialist so that you know exactly what you can claim in capital allowances.

Commercial conversions can be a great area to get into as a property developer and Shaz shares great advice and tips about how to get the best out any project by starting off with the right information.

KEY TAKEAWAYS

If a person in the past has claimed tax on a refurbishment then they will need to charge you VAT when you purchase.
If you are converting from commercial to residential they can accept a VAT 1614D from you meaning you don’t pay VAT.
If you are paying VAT on a transaction you will also be paying stamp duty and land tax on the figure.
When you are buying commercial property make sure you speak to a tax specialist to ensure you claim all the capital allowances due.
If you are buying through a limited company you will need to carry out due diligence and there is a cost involved with this.
If you are buying a property within a limited company you need to seek expert advice about property base cost and future tax.

BEST MOMENTS

‘Many people miss out on capital allowances because they are not advised about them’

If you are buying the shares of a company make sure you factor in the base cost of the property’

‘Always seek advice from a tax expert to make sure you claim all capital allowances due’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Money Management Series, Episode 1 – Budgeting

Tue, 24 Nov 2020 00:00:00 -0000

Shaz begins a new and invaluable series this week with the first episode in money management, getting to grips with budgeting and making it part of your life as a good habit.

Most people don’t like talking about money, have hang-ups or issues around money but you need to become a student of money because it’s only when you understand it that you can make it work for you.

Many people live their lives without a budget not knowing what they are spending every month but budgeting enables you to have money for what you need and Shaz shares exactly how to get started making budgeting part of your routine, creating a positive habit that will make a difference.

KEY TAKEAWAYS

Budgeting enables you to have money for what you need
Your budget will change month to month due to birthdays and one-off payments.
You need to be disciplined to make sure you stick to the budget you have set for yourself.
Have an emergency fund, an amount equating to around 6 months of living costs.
Small incidentals can add up to far more than you perceive, keep track of what you spend as the amount it adds up to can be an incentive to budget better.
When creating your monthly budget don’t remove all the fun things as it will make it very difficult to stick to.
You have to create a budget with others in your household so that expectations are clear for everyone.
Remember to include tax in your budgeting, ideally put the money away in a different account and then it’s ready when you need to make the payment.
A good budget will be around 60% on monthly expenditure, 10% on investments, 10% to your emergency fund, 5% to charity and 10% on lifelong learning.
Make a start on monthly budgeting and you will find it quickly becomes a good habit.

BEST MOMENTS

‘The more you do it the better you will get at it’

‘Shop around for the best-priced deals particularly with bigger purchases, this can easily be done online’

‘We live in a world where everyone wants everything now’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Online Presentation

Tue, 17 Nov 2020 00:00:00 -0000

In this, in-depth episode Shaz looks at what makes a business successful and what you should look for and do if you are starting or buying a business.

It is a fact that being trained and holding qualifications in a particular area doesn’t make you the right person to run a business in that sector but all businesses have shared elements and if you understand what these are, what your values are and how to build the right team then you can be the person who is running multiple successful businesses.

KEY TAKEAWAYS

If you can get the marketing right you can run any type of business.
Schedule the day to achieve more and ensure you are focused and have the right team in place so that you can delegate effectively.
The more successful you become the more money you have available to invest in new projects and using your own money means you have control.
All businesses are the same it’s only the way individuals choose to run them that varies.
You need to look at both the upside and the downsides of a business.
To scale effectively look at how the business can be multiplied to create additional units.
If you have been successful with a business then look for other businesses in the same sector that you can buy and make successful.
If you can think creatively then you can always find opportunities to add value to a business.
Do the numbers for a new business but be aware this is not the only thing to take into account.
You’ve got to love and be passionate about your business but you don’t have to be passionate about all of the sector.
You should always create your businesses so that they are in a position to be sold. This is about your businesses being able to continue even if you are not there.
When you are buying a business have key parameters and always do your due diligence.

BEST MOMENTS

‘People don’t pay enough attention or spend enough on marketing’

‘The busier you become in business the more focused you become’

‘Passion can only take you so far, it’s your values that can take you all the way’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

What Leads to a Tax Enquiry?

Tue, 10 Nov 2020 00:00:00 -0000

In this episode, Shaz answers the question every individual and business owner wants to know the answer to ‘What leads to a tax enquiry?’

HMRC haven’t ever made it clear and say it’s a random selection process but that’s not the way they do things and the majority of tax enquiries are initiated because of numbers and patterns not adding up.

Shaz explains exactly what triggers an enquiry and shares great information on what to do if you are involved in a tax enquiry because you don’t have to give them everything and anything they request.

KEY TAKEAWAYS

Filing a late tax return regularly means it will be highly likely you will be subject to a tax enquiry.
If you pay your taxes late this identifies you are a higher risk.
Somebody tips HMRC off about things, these may or may not be true but it’s likely to result in an enquiry.
HMRC can access your credit file and look at the number of credit cards and loans you have, cross-referencing this with the information you have submitted to them.
Sometimes mortgage lenders will tip-off HMRC if the figures don’t add up.
You may get caught up in someone else’s tax enquiry and this could lead to a tax enquiry for you.
Never lie during an enquiry, HMRC inspectors will give higher penalties if you do.
When you are asked to attend a meeting, you can choose not to attend.
If you decide to meet with them request a detailed agenda and timings for the meeting.
HMRC can ask for personal bank statements but challenge this.
They are entitled to ask for information reasonably required – ask them to justify why they require certain information.
Don’t give them everything and anything they ask for.

BEST MOMENTS

‘Submit tax returns on time to avoid penalties and an enquiry’

‘Mistakes and patterns that don’t add up result in tax enquiries’

‘HMRC raise around 30 billion pounds per year through compliance checks’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Tax Relief Through Smart Thinking

Tue, 03 Nov 2020 00:00:00 -0000

Shaz talks all things tax relief in this online presentation. He shares how he has made savings himself with examples from his own property development projects and answers questions about the best ways to purchase property either solo, with a partner or in a limited partnership.

The questions are wide-ranging and Shaz includes great advice on how to save tax and claim tax relief if you are a business owner.

It can be very easy for people to miss out on tax relief simply because they don’t know how to structure or what to claim but this is a great opportunity for any business owner to start thinking about what you could claim.

KEY TAKEAWAYS

If you are looking to do a commercial conversion to claim the VAT complete and file a VAT164OD this identifies you are changing to commercial.
When you obtain planning there is an uplift in value and moving the property from a partnership to a limited company means that in the future you sell the property you will reduce your capital gains tax on the asset.
You can claim land remediation relief when you have to remove hazardous materials such as asbestos.
Gifting use of a property to a charity will mean they become liable for business rates, but they are able to claim back this cost.
You can claim additional capital allowances for new fittings when you are creating serviced accommodation units.
If you move properties into a limited company you are only liable for corporation tax on the balance of the profits.
People should explore different business structures dependent on the project they are completing.

BEST MOMENTS

‘We were able to save over £100,000 in tax relief through smart thinking’

‘A limited liability partnership is the same as a standard partnership with the bonus of limited liability ‘

‘If you own property in your own name you are not a sole trader’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Tax Advice Takeaways Q & A

Tue, 27 Oct 2020 00:00:00 -0000

Shaz talks though a range of his current projects and the varying ways he is making savings and claiming tax relief. He also explains the most common areas of tax relief that are missed by businesses from getting the company structure right through to purchasing an electric car and land remediation relief if you find Japanese knotweed and asbestos.

These great tax advice takeaways will help any business owner to start asking the questions that can make tax savings.

KEY TAKEAWAYS

Consider the best company structure for purchasing property- it could be in a partnership, limited liability partnership, a limited company or a group structure.

The choice of structure should be decided based on the property, financing and who you are doing the deal with.

When you form a limited company its beneficial to have ‘alphabet shares’ meaning they can be assigned more easily to various people.

A small self-administered pension scheme gives you flexibility and provides for the future.

Capital allowances – there are many fixtures and fittings in a building which qualify for capital allowances

Further capital allowances can be claimed when you are refurbishing for serviced accommodation.

If land is contaminated you can claim land remediation relief.

Forward plan for your taxes if you want to save money.

BEST MOMENTS

‘Do not miss out on capital allowances’

‘An electric company car will mean no tax payable on it this year and only 1% next year’

‘Investors often buy in their own name without considering the company structure options’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Iain Forsythe DL LinkedIn

The Market Right Now; WMS Housing Market Crash Ep.1

Mon, 19 Oct 2020 23:00:00 -0000

In this first episode in the mini-series looking at the question everyone is asking;

‘Is the property market going to crash?’

Shaz reviews where we are at currently, at this moment in time, sharing not only the facts but his expert opinion based on the information and data available. This is a great opportunity to not only hear the key facts in one place but also the views of someone with considerable experience and expertise in the property market.

KEY TAKEAWAYS

According to the Nationwide ‘house prices are at an all-time high’
September saw the biggest monthly rise in the last 16 years.
Houses are selling really fast for asking price and above.
The average time to sell a house currently is 27 days which indicates how quickly the market is moving.
There are less new houses available at the moment due to the lockdown stopping work.
You are going to have to pay higher interest if you have a smaller deposit.
The choice of lenders for those with a 10% deposit is now far less than before COVID
8 million mortgage holidays were taken up.
Stamp duty land tax is in place until the end of March 2021 and has supported and incentivised the property market

BEST MOMENTS

‘Some are nervous about buying and others have money to invest’

‘The help to buy has been extended by 2 months’

‘Things are starting to change’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Rental Market!?; WMS Housing Market Crash Ep.2

Mon, 19 Oct 2020 23:00:00 -0000

In this second episode in the mini-series looking at the question everyone is asking;

‘Is the property market going to crash?’

Shaz reviews what’s happening currently with the rental market looking at supply and demand and sharing not only the facts but his expert opinion based on the information and data available. This is a great opportunity to not only hear the key facts in one place but also the views of someone with considerable experience and expertise in the property market.

KEY TAKEAWAYS

Over a third of the UK population are renters.
101,000 properties were available to rent across the UK.
The average rent of £985 per month increased by over 2% in the last 4 weeks.
Demand is predicted to fall so properties may be empty
With higher unemployment, some of those people will be renters and may be unable to pay their rent.
Demand for prospective tenants is lower now than in February.
Many Airbnb serviced apartments are being put back into the short term letting market
Demand is reducing, furlough is ending, eviction periods are extended
There is tension in the market place but it’s likely there will be a dip in the first quarter of next year.

BEST MOMENTS

‘Those with Airbnb apartments have been finding it really challenging’

‘The most important question is; ‘where are we in terms of supply and demand?’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

What do Economists Think? WMS Housing Market Crash Ep.4

Mon, 19 Oct 2020 23:00:00 -0000

In this fourth episode in the mini-series looking at the question everyone is asking;

‘Is the property market going to crash?’

Shaz reviews why the economists think a downturn is possible, sharing not only the facts but his expert opinion based on the information and data available. This is a great opportunity to not only hear the key facts in one place but also the views of someone with considerable experience and expertise in the property market.

KEY TAKEAWAYS

The economic cycle is around 18 years and we are currently 7 years into a cycle.
Both Brexit and COVID are causing issues at a time in the cycle when it’s anticipated there will be a correction.
Due to COVID 19 unemployment has increased and there are more people who are financially unstable
It is argued that a predictor of a crash is when mortgage payments are more than 45% of household income
The bounce-back loan and the Coronavirus interruption loan have helped to keep interest rates low.
Housing charities estimate that 200,000 tenants have slipped into arrears and it’s expected that this number will increase when furlough finishes.
There needs to be more social housing and if housing becomes unaffordable then prices will drop.
The lockdown has caused many to re-evaluate what they want from life and currently, houses are selling well.
It’s looking very similar to where we were in 2008 and it has been predicted that house prices could fall by 20%.
I think the climate and situation will see prices will drop significantly in 2021.

BEST MOMENTS

‘Mortgage or rent payments are a significant amount of any person’s budget’

‘First time buyers outside of London are already finding it hard to buy property’

‘There needs to be more social housing’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Case Studies; WMS Housing Market Crash Ep.3

Mon, 19 Oct 2020 23:00:00 -0000

In this third episode in the mini-series looking at the question everyone is asking;

‘Is the property market going to crash?’

Shaz reviews the economic cycle and what has happened previously when the market has crashed, sharing not only the facts but his expert opinion based on the information and data available. This is a great opportunity to not only hear the key facts in one place but also the views of someone with considerable experience and expertise in the property market.

KEY TAKEAWAYS

In the 2008 recession, the average value of UK property fell by 20% and it took the next 6 years for values to reach pre-crash levels
Prior to the crash 100% mortgages were commonplace.
Along with vendor paid deposits.
In the late eighties, there was a housing market crash alongside a recession.
Issues with joining ERM saw interest rates raised to 15%
House prices fell 36% at that time with over a million people in negative equity.
Lifting the restrictions on personal lending helped to bring things to an end.
Depending on if we can find a vaccine there will be a lowering of house prices in the first quarter of next year.

BEST MOMENTS

‘The house price to income ratio was 7.16 in 2007 and fell to 6.35 by 2009’

‘Once furlough ends unemployment will go up ‘

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Adding children to your business!?

Mon, 12 Oct 2020 23:00:00 -0000

Should you add your children to your business or company as shareholders and directors?

Shaz looks at the advantages and possible disadvantages of bringing your children into your business and the differences it can make to your tax.

There are many aspects to consider from the age of your children to the implications with lenders and how it can help with capital gains tax. Shaz shares great information that will help any business owner with the decision around adding their children to the business.

KEY TAKEAWAYS

You can add children as shareholders at any age, to be a director they have to be 16 or over with limited exceptions.
If you give capital assets to them it reduces your capital gains exposure.
For children who are minors any income over £100 pounds will be taxable on you.
There can be negatives to having children as shareholders;

-Different shareholders can fragment the business and people may not be able to agree.

-Certain lenders don’t like children as shareholders.

-The perception can be difficult with employees who may themselves have an expectation of shares in the future.

If you give children shares over a number of years it means you can limit your capital gains tax.
If your children were born before 2 January 2011 you can use a child trust fund

BEST MOMENTS

‘Gifting earlier will help with your capital gains tax’

‘The child can relinquish their obligations’

‘If you try to give something away regularly you limit your exposure to capital gains tax’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Company Cars – What’s the Best Option?

Mon, 05 Oct 2020 23:00:00 -0000

Company cars are currently a popular subject and as Shaz has recently taken delivery of his new company car he is sharing great practical advice about what you should consider if you are looking at a company car. There are many different tax aspects to company cars so understanding what is the best option for you is crucial.

If you are thinking about having a company car the most important question is

“What is the best option for me?’ and Shaz explains exactly what is available and the tax implications so listening to this episode is a must for any business owner.

KEY TAKEAWAYS

Look at CO2 emissions – the higher the emissions the higher total tax.
Capital contributions made by a director – a director can make a one-off capital payment of up to £5,000.
Capital allowances – if the company pays for the car you can claim capital allowances.
How many miles you are likely to be driving will also help to decide whether you should use your own car or have a company car.
If the company pays for fuel you will need to pay fuel benefit tax. If you have your own car you can claim 45 pence per mile for use.
If you have a spouse or child you can pay for a car for them through the company which can be tax-efficient for you.
If you are a sole trader or partnership and buy a car you are the company so there is no company car tax to pay. You will need to work out how much of the time the vehicle is used for business and how much for personal use.
An electric company car is very tax-efficient with no tax payable in the first year.

BEST MOMENTS

‘If you are leasing you need to be aware of the taxes around this’

‘The more expensive the car the more you are going to pay in company car tax’

‘Who’s paying for the fuel is important when you are deciding on a company car’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

What Tax-Free Benefits Can be Claimed?

Mon, 28 Sep 2020 23:00:00 -0000

What tax-free benefits are available to me?

It’s understandable that people often ask this question and in this episode, Shaz provides a succinct and informative round-up of the tax-free benefits available to businesses.

There are many areas across a business that can qualify for tax-free benefits and it’s knowing what qualifies so that you and your employees can benefit.

If you know what activities are tax-free then you can make sure you are claiming everything you are entitled to and offering as much as possible to your employees.

KEY TAKEAWAYS

If you have employees then there are certain tax benefits you can give them including;
Car parking spaces, electric cars, milage and bicycles.
Providing a staff canteen is tax-free and includes the hot drinks.
Medical assessments, eye tests and check-ups once a year are tax-free.
If someone has been away from work for more than 28 days and medical treatment is recommended to facilitate return then the first £500 an employer pays is tax-free.
If you have a long-serving employee of over 20 years you can award a long service award of £50 per year tax-free but it can’t be cash and they can’t have received an award in the past ten years.
If an employee is relocating the first £8,000 of costs is tax-free.
You can sell goods to your employee tax-free as long as you sell it for more than you paid for it.
As a company director, you are an employee of the company and entitled to the tax-free benefits.

BEST MOMENTS

‘The tax-free £150 is often known as the staff Christmas party’

‘Welfare counselling is a tax-free benefit for your employees’

‘The cycle to work scheme means you can pay for a bike tax-free as long as the bike is used for qualifying journeys’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

The Difference a SSAS Pension can Make to You

Mon, 21 Sep 2020 23:00:00 -0000

Shaz is explaining the benefits of having a SSAS pension and uses some great business examples in this episode.

He goes through each example in detail, explaining how a SSAS impacts positively on the different steps.

A SSAS has huge tax-saving potential both as a tax-saving strategy and as an investment strategy so if you haven’t considered a SSAS before, consider it now as it can lead to considerable savings and the truth is it’s just too good to ignore.

KEY TAKEAWAYS

SSAS is a ‘small self-administered scheme’ it is a type of defined contribution pension.
An effective way to extract profit from your business is to put it into a SSAS.
When you move money from your company to a SSAS you get tax relief.
A SSAS helps you to;

-Reduce tax payments

-Move forward with effective estate planning.

-Organise retirement planning to ensure income in the future.

-Protect your assets, any property bought in a SSAS is in a separate entity so it is ring-fenced against your business.

-There is huge tax-saving potential in using a SSAS both as a tax-saving strategy and an investment strategy.

BEST MOMENTS

‘You can make a sizable saving’

‘The SSAS isn’t going to pay any tax on the income’

‘There is a gigantic saving by moving commercial property to a SSAS, reducing income tax, capital gains tax and inheritance tax’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How to Make Your Money Work

Mon, 14 Sep 2020 23:00:00 -0000

Shaz explains how you should hold onto your money until you find the right deal, and if you don’t have any money of your own how to leverage and use someone else’s helping them to make money and helping you to grow and invest in the deals that make the difference.

It’s important to understand that every decision has a consequence – positive or negative and you need to always take the time to think through things carefully so you know what could happen – the upside and the downside.

Shaz shares great money tips for the property investor with something for everyone in this episode.

KEY TAKEAWAYS

If you have money in the bank don’t be desperate to invest it, wait until you find the right deal.
Everyone is looking for the next big idea but taking small actions consistently over a period of time will bring you success.
For the majority, small marginal gains are what makes the difference
Being able to use other people’s money is a game-changer
Use other people’s money to help them make money and it will help you to grow quicker.
Manage your debt – get your numbers right and know you can effectively manage your debt.
Time management is key, learn to leverage your time and make the best use of it.
Every financial choice will have a consequence, either positive or negative.
Think through things carefully and if you can’t live with the downside don’t do it.

BEST MOMENTS

‘Live within your means and save some of your money to invest in cash appreciating assets’

‘People may not have money but they may have other assets you can leverage’

‘Make sure all the strategies are profitable’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

What Are the Disadvantages of a Limited Company?

Mon, 07 Sep 2020 23:00:00 -0000

People often discuss the advantages of a limited company but in this episode, Shaz discusses some of the disadvantages and the potential impact.

A limited company may be the right option for you but there are a number of disadvantages and it’s crucial that these are understood in order to ensure you choose the right strategy for you.

Shaz shares great content and advice about what you need to consider and why making this episode a ‘must’ listen for anyone wondering if they should or shouldn’t form a limited company.

KEY TAKEAWAYS

Mortgage interest rates can be higher in a limited company than those taken in your own name.
There is double taxation if the company makes a profit it pays corporation tax and if you take money out you will pay income tax (depending on your personal situation and the way it’s taken)
If you have a limited company it will cost you more in compliance and accounts.
Benefit in kind -if you have anything through which you personally benefit you have to pay tax on it and its expensive.
If you are a limited company you have more exposure because there is information online.
If privacy is important to you then a limited company may not be the right thing for you.
If you as a limited company, you pay no tax in a year, then take money for yourself you will have to pay income tax on it.
If you are a sole trader you can access the money and use it however you please.
If you have a property in a limited company you don’t get an annual exemption.
If you live in the property there is no principal residence relief.
If you are looking to grow then section 24 means it would be better to do it as a limited company

BEST MOMENTS

‘It will cost you more in compliance costs’

‘The strategy is dependent on the deal, the exit plan and what you are trying to do’

‘The rates are becoming more competitive but are higher than a rate when in your name’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

What Leads to a Tax Enquiry?

Mon, 31 Aug 2020 23:00:00 -0000

In this episode, Shaz looks at what, in reality, triggers a tax enquiry by HMRC and what you should and shouldn’t do during any tax enquiry.

It’s often thought that the selection for tax enquiries is random but this is very far from the truth there are a number of reasons that play a role in the choice HMRC make for those who they decide to select for a tax enquiry.

Shaz shares great content about what makes any business more likely to be selected and what you can do to cooperate but also what to be aware of when going through an enquiry.

On average HMRC raise around 30 billion a year through compliance checks so it’s vital that any business implements this great advice from Shaz.

KEY TAKEAWAYS

Paying your taxes late will trigger an enquiry. Avoid late tax returns to avoid both penalties and a tax enquiry.
If somebody tips off the HMRC, they are likely to follow up and this line of enquiry is relatively common.
Sometimes mortgage lenders contact HMRC if the numbers don’t add up.
A tax enquiry may be triggered if you have completed business for someone they are looking at.
Having mistakes on your tax return will lead to an enquiry
If a file is identified as high risk the HMRC risk assessment team will go through the file and decide whether to move onto an enquiry.
You should cooperate with HMRC but choosing not to meet face to face cannot be seen as a sign of a lack of cooperation.
Always ask HMRC ‘is this reasonably required’ and ask them to tell you why they need the information.
You should negotiate any penalties, they can come down so never accept the first figure.

BEST MOMENTS

‘Late payment will result in the system flagging you as a higher risk’

‘Never ever lie during an enquiry, the penalties will be higher if you do’

‘HMRC raise around 30 billion a year through compliance checks. It’s a big deal and that’s why they keep doing it’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

One size does not fit all - Should YOU become a limited company?

Mon, 24 Aug 2020 23:00:00 -0000

‘Should I incorporate my property portfolio?

Shaz is frequently asked this question and in this finance Friday podcast he looks at the benefits of incorporating and creating a limited company. He provides great advice about the benefits but also shares his key take away – ‘one size doesn’t fit all’ you need to spend time looking closely at the reasons for becoming a limited company so that you can make an informed choice.

KEY TAKEAWAYS

People should spend time deciding whether incorporation is or isn’t for them.
A limited company gives you limited liability.
As you grow your business a limited company may be a better route as there is less personal risk.
If you have a limited company you are only liable for corporation tax.
As a limited company, you have flexibility about the amount of income you take from the business each year.
It’s easier to attract investment from third parties because there is more visibility for a limited company.
There is a prestige value to having a limited company for some.
A key driver for most is section 24, it has an advantage but you need to look closely if this is the only reason for operating as a limited company.
There can be a capital gains advantage to being a limited company.
You need to consider pensions and loans to participators as part of a limited company

BEST MOMENTS

‘There is no company car tax this year if you have an electric car’

‘People should spend time deciding whether incorporation is or isn’t for them’

‘One size does not fit all don’t assume you need to be a limited company’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Finance Friday – New Government Funding for Property Developers

Mon, 17 Aug 2020 23:00:00 -0000

Shaz shares great information about a government loan scheme available now. If you are a developer with a project due to complete in September this is something you should be looking at to see if you meet the criteria.

Funding starts at £250,000 and goes up to 5 million with the Government also covering valuation and legal fees for those who qualify, what’s not to like for the property developer!

KEY TAKEAWAYS

If you are a property developer who is looking to complete a project before the end of September there is Government funding available now.
It’s interest-free for the first 12 months and funding starts from £250,000 going up to 5 million.
Loan to value is 65%.
The government will also pay for your valuation and legal fees.
You have to self-certify that you have been impacted by COVID.
You have to apply before the end of August and the funding is limited.
If you are a property developer looking to complete a project this is something you should be taking advantage of.
You will need your project details – how many units, sales forecast, financials and how much funding required for exit.
It is expected that you will be exiting by the end of September.
You will need to complete an assets and liability form and supply your track record and a CV to demonstrate previous experience.

BEST MOMENTS

‘It is significant and will help lots of small and medium-sized developers’

‘With the government paying the valuation and fees what’s not to like’

‘You should seriously consider this’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Drayton Bird Interview

Mon, 10 Aug 2020 23:00:00 -0000

Shaz is with Drayton Bird, who teaches the masters of marketing about direct marketing. It’s said that what Drayton doesn’t know about direct marketing isn’t worth knowing and he shares some great advice and practical tips about marketing in this in-depth episode.

It’s all about how to get people’s attention and once you have their attention how you get them interested and when they are interested convincing them you are telling them the truth and getting them to reply. Drayton explains how any business can achieve this if they understand direct marketing because ultimately human nature doesn’t change the only change is how the message is delivered.

KEY TAKEAWAYS

There is only one source of profit in a business - your customer, so it’s important to make your customer the focus of everything you do.
You have to do everything you can to reach your potential customers.
It can be a small thing that can make a difference.
Look at your competitors and see if there is something small that you can do better or differently.
What is happening to the messages you are sending out – this has to be tracked and analysed. You need to know about every aspect of your business, what’s working and what’s not.
It’s all about asking questions all of the time to everyone.
When people haven’t paid for something they see it as having no value. When they have paid for something they are then a customer.
The first aim of any business is to not make a loss. Businesses fail not because they lack ideas but because they don’t measure and track. The database in any business is a core asset.
Marketing is just getting people’s attention offering them something irresistible, convincing them you are telling the truth and asking them to reply.

BEST MOMENTS

‘Always look at what your competitors are doing’

‘Human nature doesn’t change it’s only the method of delivering the message’

‘To who are you offering what ultimate benefit?’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

drayton@draytonbird.com

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Iain Forsythe Interview

Mon, 03 Aug 2020 23:00:00 -0000

Shaz is with Iain Forsythe DL who started his business in his bedroom and grew it into an organisation with a 10 million pound turnover and 120 employees. He now dedicates his time to developing and supporting entrepreneurs so that they can maximise all opportunities.

Iain shares great business advice and discusses with Shaz the importance of employees and

why the strength of any organisation is influenced by the calibre of its staff. He explains what you need to look for when employing and nurturing your team to ensure everyone feels valued and the outcomes are successful.

KEY TAKEAWAYS

There are 3 things to know in business -Where you’ve been, Where you are now, Where you are going.
It’s finding out what the cash position is, what the cash position allows you to do and what a steady amount of growth will do for the business.
If you have a business that is your world you need to decide what your succession plan is.
How you shape and mould your business is about how you nurture it, learn on the journey and seek help from experts.
Your staff are your biggest asset. The strength of any business is influenced by the calibre of the staff you have.
When you work with people you need to understand them and they need to understand you.
You need to find people that you want to work with and can develop.
Business leaders often forget they are leaders because they are different from others.
People want recognition and to be valued when they work within a business.
It’s hugely important as a leader that you understand exactly what is going on in your business.
People are often looking for the big thing but it can be a small change or marginal shift that makes the difference.
When you are working across multiple sites KPIs and ensuring there is a shared vision that builds identity is key.

BEST MOMENTS

‘So many people struggle with having clarity about where they want to be’

‘It’s important to always have a work/life balance’

‘If you have a business that is your world you need to decide what your succession plan is’

“Success is not a destination it’s a journey’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Tips for Successful Commercial Property Development

Mon, 27 Jul 2020 23:00:00 -0000

Shaz shares invaluable tax tips and property advice as he takes us through one of his current development projects.

In this particular project, a conversion from commercial to residential, there are a number of significant opportunities to claim tax relief but as Shaz discusses many people miss out because they just don’t know what they could claim.

As he goes through the process from joint venturing to obtaining planning this real life example provides a great insight into understanding what to look at and when to ensure you gain the most at each stage of a development.

KEY TAKEAWAYS

Joint ventures are an effective way to work in property development.
Property isn’t just one business every project is different and the more you involve others the more projects you can get involved in.
We claimed land remediation relief at 150% of the cost.
If you gift the use of the property to a charity with the approval of the council whilst planning is going through they can claim 80% business rates relief.
The previous owners paid rent for 3 months storage of large and bulky equipment to enable effective disposal of it.
Buying commercial property means you can make a capital allowances claim for the fixtures and fittings.
If everyone is involved then everyone benefits.
It is all about working with people who share the same values and mindset.
You have to be patient, in any project there can be things that are out of your control.
Learning to be flexible is key for the success of any project.
Patience and flexibility are the keys to driving any project forward

BEST MOMENTS

‘We initiated the conversation and were open and honest so we were able to come to an agreement’

‘If you are looking to buy property make sure you speak to a capital allowances specialist’

‘Keeping particular features is beneficial to both the building and you’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

he Property Process from Viewing to Outcome

Mon, 20 Jul 2020 23:00:00 -0000

In this episode, Shaz takes us through the whole development process from identifying your ‘gold mine’ area, through purchasing and redevelopment to the final outcome for the property.

Using a live redevelopment project with a Grade 2 Listed building that he has recently completed Shaz explains exactly what he has done to move the property from viewing to having new tenants.

This is a great opportunity to hear about a project and the importance of building positive relationships to ensure you get the result and outcome that you want.

KEY TAKEAWAYS

Decide on a gold mine area for you taking into account distance, supply, demand and property availability.
A detailed appraisal will provide information about refurbishment/ redevelopment costs, interest costs and contingency costs
If all the numbers stack up the question will be should be will you pay the asking price, a bit less or a lot less?
Look for possible grants and always have a clear exit strategy.
Tax is a major consideration when purchasing property and it’s a significant factor but not the only factor.
It’s imperative you have a good contractor and it can be helpful if they have worked on similar contracts previously.
Having a good project manager to keep everything on track is vital along with good funding.
It’s extremely important to work closely with the planning department.
Grade 2 listed can be more challenging but they can also bring more joy.

BEST MOMENTS

‘I always consider would this be an area I would live in? If I would be happy living there I like to think most people would be happy living there’

‘If you can make a property nice you can attract tenants who will look after the property’

‘If it’s a good deal then just purchase it so you don’t lose out’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Advice That Makes the Difference in Property Development

Mon, 13 Jul 2020 23:00:00 -0000

Shaz shares more great advice in this episode where the questions range from claiming Principle property relief through to land remediation.

Shaz also takes us through 2 examples of his own property development projects explaining in detail both what went well and the challenges he met and overcame during the development process. If you have an accountant and advisor who are knowledgeable you are able to make all aspects of tax relief available work for you throughout a development project. The real key is to have access to the right level of expertise.

KEY TAKEAWAYS

If you can prove you have to move around and it’s your principal residence then you can claim PPR.
On a standard residential property, you can’t claim capital allowances. If you have serviced accommodation or commercial property you can claim capital allowances.
As soon as the trade becomes investment you can’t claim capital allowances.
The bigger you become the more useful it is to separate the trading and the assets.
A number of operators keep their assets in one company and their trading in another.
The person who spends the money is the person who can claim the capital allowances
If they don’t claim and sell the property then the new owner can claim
If it is a capital expense then you can claim capital allowances.
If a property has some sort of contamination then you can claim land remediation relief.
If you gift the use of the property to a charity until it has planning permission then it’s possible for the charity to claim back the cost of the business rates.
None of what we do is racy, pacey or risky it’s what you can do if you work with an accountant and advisor who knows what they are doing.

BEST MOMENTS

‘Sometimes in property you just have to keep going and not give up’

‘There will be challenges in a property development project, it’s knowing how to deal with them’

‘It’s about working with an accountant and advisor who know what they are doing’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How to Get the Most Effective Tax Outcomes

Mon, 06 Jul 2020 23:00:00 -0000

Shaz shares great advice and shares 4 live cases which demonstrate how people can inadvertently miss out on tax relief opportunities in this episode that focuses on tax.

It’s about getting the most effective tax outcome for yourself and to do this you need to work with an expert prior to making any changes or beginning a new project. You also need to ensure that you have ongoing access to tax expertise on a day to day basis especially when you are growing a property portfolio.

Every situation is different and there are always variables so it’s vital you understand the situation as it is currently and the implications moving forward if you want to get the best outcome.

KEY TAKEAWAYS

With tax, it’s important you enter into the arrangement or know what the steps are before you begin.
If you buy a property that is uninhabitable you can make a claim for SDLT (Stamp Duty Land Relief) to make this claim its best to do this before you purchase or within the first 12 months.
Talk to the expert in advance but ensure you have the expertise to hand on a day to day basis. It’s about getting the most effective tax outcome for yourself
Stamp duty tax is one of the least understood and most misunderstood areas of Tax.
One of the most important things for any business is to have the right structure.
There are certain tax reliefs that are only available to limited companies such as land remedial relief, R and D tax credits and investors relief.
Section 24 alone shouldn’t be the only reason to incorporate.
If you have a larger portfolio and incorporation doesn’t work for you then having a management company maybe the way forward.
You can get life insurance to cover inheritance liability.

BEST MOMENTS

‘Stamp duty is complicated but there are opportunities out there’

‘Don’t assume you will have to work out the different thresholds for SDLT there are many variables out there’

‘Never let the tax tail wag the dog’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Your Tax Questions Answered

Mon, 29 Jun 2020 23:00:00 -0000

Shaz is answering wide-ranging questions about tax and its implications in this episode packed with content.

He provides some great answers to individuals about situations that they are currently dealing with and shares possible tax solutions that will be advantageous.

The information and advice he shares ranges from inheritance tax on a property through SSAS, limited companies and why he advocates for a holding company so that risk can be mitigated and payments made between companies.

Shaz is an expert across tax and this is a great opportunity to hear about the tax solutions to a wide range of challenges being faced by people as they develop and invest in property.

KEY TAKEAWAYS

If you subscribe to shares in a limited company on day 1 of the company and you keep them there for at least 3 years when you take the proceeds out you will only be subject to 10% tax, the lowest rate you can pay.
The big benefit with investors relief is the money comes directly to you.
If you are registered for VAT you can claim this back on a refurbishment for serviced accommodation.
SSAS - if you are lending money out, having a guarantee of some sort is the best thing to do but this is dependant on the person and how many other projects they have going on.
If you have an SSAS with some cash in it and you want to buy some land you can buy the land with the SSAS or do a joint venture with your company and get the SSAS to fund it or use the SSAS to fund the planning and have an agreement that themajority of the profit goes into the SSAS.
This means you shelter most of the planning gain and your SSAS does not pay tax.
If you have a group of companies you need to make sure it is either a trading group or a development group

BEST MOMENTS

‘I’d always advocate having a holding company structure’

‘You can shelter a big portion of planning gains in an SSAS’

‘The big benefit with investors relief is the money comes directly to you’

‘Proving a property is uninhabitable can be challenging as the criteria is quite demanding’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

How Much is a Customer Worth to You?

Mon, 22 Jun 2020 23:00:00 -0000

How much is the customer worth to you and how much are you willing to spend to get the customer?

Shaz is sharing some great advice on how to prequalify your clients and use social media effectively to grow your brand and exposure.

There are great opportunities out there if you know what to do and how to develop your potential clients through an effective prequalification process and developing an effective social media presence.

KEY TAKEAWAYS

Your pre-qualification process of a client is linked to the value of the client. The higher the value the deeper and longer the pre-qualification process and the longer the sales process.
By prequalifying, you are making sure that in undertaking the prequalification process they are committed and prepared to purchase from you.
You need to provide through the prequalification process enough information about yourself that they become a warmer lead.
It’s important that your potential customer knows you are both using the process to see if you want to work with each other.
How much is the customer worth to you and how much are you willing to spend to get the customer?
A Facebook group and other media platforms enable you to build credibility and brand exposure, you can become the go-to expert in your area.
The opportunities that will come from having a Facebook group are numerous from making contacts, masterminds and is a fantastic way to leverage your relationship equity with other out there.

BEST MOMENTS

‘The reason you prequalify is to make sure they are the client for you’

‘You may use it as an opportunity to share testimonials or demonstrate your product’

‘Try to get them to be part of your ecosystem, you need to focus not on selling to them but getting them on your list’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

General Tax Tips for Property Investors

Sun, 14 Jun 2020 23:00:00 -0000

Business structure is always based on personal circumstances but it’s vital to understand what your liability is, the tax implications, how much it will cost to run the business along with the regulations and statutory requirements applicable.

There are many things to consider when incorporating and making sure you ask the right questions and understand the implications and advantages of different business structures is key. This episode is a great starting point for any property investor with Shaz sharing great advice on the questions you must ask to get the right business structure for you.

KEY TAKEAWAYS

The real expertise with tax is being able to apply the rules in a particular scenario.
Your business structure will be based on your personal circumstances, it’s important to understand;
Liability - If you are a sole trader you are personally responsible for any debt but as a limited company you are not.
Taxation – what are the tax implications for you with a particular business structure?
How much it is going to cost you to run the business?
Ease of running the business should be considered there are fewer regulations for a sole trader than a limited company where the rules are very different.
If you are considering incorporating make sure you can demonstrate you have a business.
When you move your properties from your portfolio into a limited company you have an uplift in the base cost of those properties.
If you are purchasing 2 or more properties from the same source you can claim multiple dwellings tax relief.
Whenever you are buying properties seek the advice of a land and property tax expert.

BEST MOMENTS

‘If you are in a partnership ensure you have a partnership agreement’

‘Remember when you incorporate that your information is in the public arena’

‘What are the statutory requirements for your business structure?’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Interview With Scott Ewart

Mon, 08 Jun 2020 23:00:00 -0000

Naz is discussing what is really important in the journey to build wealth. Understanding the impact of consistent marketing and how to accurately calculate the value of your product or service are all elements that are often neglected by business owners but along with reinvention these are and should be the foundations for any successful business.

As the world moves forward Naz explains why diversifying into property can help anyone to build wealth and why ultimately it’s all about seizing the opportunities and creating multiple streams of income.

KEY TAKEAWAYS

Creating multiple streams of income is key to building wealth
Effective marketing is the key to growing a successful business.
Schedule time and consistently focus on marketing your business over a prolonged time frame.
You have to earn the right to get their attention and earn the right to be their advisor and that takes time and work.
People don’t pay enough attention to their pricing structure. They don’t understand the true value of the product or their service
Acquiring a customer is a costly process so when you have a customer or client it’s important to cross-sell and up-sell.
Customers need to know about all the products and services that are available.
Reinvention is very important to make sure you can adapt and use new opportunities.
Being part of a mastermind group and having a coach or mentor is what changes your mindset and provides the opportunity to view your business from a different perspective.
The question of mentors is not about whether you can afford to do it, it’s about whether you can afford not to.
Your coach or mentor needs to be the right fit – with the same values and possibly having taken a similar journey.
Good business owners are quick to adapt and seek out new opportunities.

BEST MOMENTS

‘You should always be looking at how you can solve the problems by looking at it from a different perspective’

‘Always ask yourself ‘am I in the right business?’

‘You should dedicate time every week for marketing’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

Entrust Property Tax website

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Shaz Interviewed by Eddie Mac

Mon, 01 Jun 2020 23:00:00 -0000

This episode is a great opportunity to find out more about Shaz and his mission to share his message and knowledge with others.

As an entrepreneur with 5 businesses, each in a different sector he knows all about the importance of multiple streams of income and how to help others increase their wealth.

Every business needs to be adaptable and provide value to its customers - to not only survive but grow successfully and Shaz shares the key elements any business needs to get right and have in place to be able to do this.

KEY TAKEAWAYS

Every deal is different in property and there are many strategies
Property is flexible you can have it as a lifestyle or a fulltime business, you can do it yourself and outsource or build your own team.
To get the message out and add more value to clients and others you have to become a thought leader giving others access to your message, knowledge and information.
Having multiple sources of income means you are in a better position if one of the businesses takes a downturn.
You must protect your cash position, cut costs and look at how you can reinvent your business.
Being able to be flexible and adapt to customer demands is vital those businesses that can’t are unlikely to survive.
For property investors there are great deals out there, it’s a really good time to be getting into property.
Those people who make mistakes, learn from them and move forward trying again are those who are successful.
The challenge is to deal effectively with a mistake and continue to move forwards.
In business, it’s vital to be prepared and have thought through any possible scenarios so you are prepared in the best way you can.

BEST MOMENTS

‘The flexibility in running a property business is phenomenal’

‘I couldn’t do the things I do without the people I have around me’

‘I’m not good at everything but I usually know someone who I can ask who is’

‘People can think creatively and do things differently – it’s an opportunity to review and do things differently.

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Key Numbers You Should be Tracking

Mon, 25 May 2020 23:00:00 -0000

Most companies track numbers such as turnover, net profit margin and gross profit margin but in this episode, Shaz shares the numbers that you should and must be tracking if you want to increase profit and bring more equity to your business.

Businesses often spend time trying to reduce the cost of marketing and generating leads but is this what you should be doing? Listen in and hear about exactly how to track the numbers that make a difference.

KEY TAKEAWAYS

Cost per lead – how much does it cost you to generate a lead? Look at the individual marketing strategies and identify the cost of each marketing activity.
Cost per sale – how much are you spending on the client between them being a lead and becoming a customer.
Transaction size and frequency - How much is someone ordering when they place an order and how many times per year do they place an order.
You need to look at both the frequency and transaction size for each customer
A higher cost lead could give you a customer with a higher transaction size
Total customer lifetime value – compare this with the cost of the customer lead.
Once you have the real value per customer you can work out your margins and know what you want to pay to get a customer.
When you have refined your marketing to focus on the more valuable leads you will generate and convert more leads to valuable lifetime customers.
Tracking these numbers will increase the profit and net value of your business, you are adding more equity and value to your business making it worth more.

BEST MOMENTS

‘If you understand exactly the value of each customer you will be ahead of most of your competitors’

‘A higher cost lead could give you a customer with a higher transaction size’

‘How much are you spending to get them to be a customer?’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Wealth Building Introductory Session

Mon, 18 May 2020 23:00:00 -0000

Money is a topic that Shaz knows quite a lot about and in this episode, he shares some great content about ‘must-dos’ for any business that wants to build wealth.

If you own a business or want to start a business follow this advice and take positive steps towards building your success and your business wealth through understanding your spending, investing in yourself and setting the right goals. Anyone who is in business can take these steps and make a difference to their wealth, listen in and get started now.

KEY TAKEAWAYS

If you have a business you should create more than one bank account with a separate account for your tax.
You should seek to have multiple streams of income. If you want to create a serious amount of wealth you need to diversify so that if one business is disrupted then the others are not
Schedule time for extensive reading to underpin your personal development.
Track your spending – many businesses don’t spend enough time tracking and small amounts can add up to a sizable amount
Invest time in yourself – network, join groups, complete training because this is the investment that will bring the biggest return.
Set goals and be clear about what you want – have clarity around goals and how you want to achieve them.
Value yourself and believe in you – if you don’t value yourself others won’t either.

BEST MOMENTS

‘The more you give away the more that comes to you’

‘If you are tracking it you have control of it’

‘Invest in marketing to know where you can get the best returns’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Onboarding Process & Expectations

Mon, 11 May 2020 23:00:00 -0000

Shaz is looking at the onboarding process and the difference in the expectation gap between what’s promised and what’s given.

Onboarding a new customer, client, patient or tenant is an important process in any business and in this episode, Shaz explains the detailed process he uses and how getting it right can build confidence, customer relationships, retention and longevity with your customers.

Shaz is sharing his expertise and experience of how to get onboarding right and make your customer feel they are part of your business family, listen in and enjoy.

KEY TAKEAWAYS

The single most expensive and arduous task any business faces is getting more and new customers, clients and tenants.
There can be an expectation gap between what they thought they were going to get and what they got – they are 2 different things
when a customer signs up there should be an onboarding program and its length and depth should be determined by the lifetime longevity and value of the customer.
if you make them happy and satisfy them then they will be more likely to give a strong and positive testimonial and be happy to recommend you.
A good onboarding process helps you to build a strong customer relationship and this will mean retention rates increase.
enables you to share relevant information provide good value and upsell because of the strong relationship in place.

BEST MOMENTS

‘Haven’t, you had an experience where what you got was very different from what you were expecting?’

‘If signing up a customer is an expensive process then its important to do everything you can to keep them’

‘If a customer is happy they will recommend you’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

The NEW Bounce Back Loan Scheme

Mon, 11 May 2020 10:39:00 -0000

The coronavirus business interruption loan hasn’t quite worked out how the government wanted and so for smaller businesses, there is now the bounce back loan scheme.

The government don’t often do things that are positive for small businesses and entrepreneurs but with the bounce back loan scheme they have delivered something that can make the difference. Naz explains exactly what the qualifying criteria are and what he thinks about the scheme in this informative episode.

KEY TAKEAWAYS

It is 100% guaranteed by the government so there is no risk for the bank as a lender.
There is no interest to be paid in the first 12 months
The loan is over 6-year period and you can borrow anything between 2,000 and 50,00 pounds.
Your business must be UK based, established on or before 1 March 2020 and negatively affected by the coronavirus.
It is a broad scheme and the interest rate is phenomenally low.
You need to look at your own circumstances and seek advice from an appropriately qualified person before making an application.
It is a self-certification process and you are responsible for repaying the loan in full, you need to understand the self-certification that you are submitting.

BEST MOMENTS

‘At the moment I’m extremely impressed with it’

‘Of my clients, not a single one has been refused’

‘It’s an extremely quick and efficient process’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

GOV COVID19 Support for Business

Property Conference Q&A

Mon, 04 May 2020 23:00:00 -0000

In this episode, Shaz is answering a range of questions around tax, finance and the current support available from the government.

This is a great listen and the wide range of questions that Shaz answers provide valuable information about buying land, loans between companies, deferment, the grants available to businesses during the current pandemic and why it’s vital to create your own emergency budget.

Shaz truly has a wealth of expertise and knowledge, listen in for great content shared in an easily accessible way, with the questions we are all asking and the answers we need.

KEY TAKEAWAYS

HMRC are currently being flexible around payment plans and deferring.

People are protecting cashflow and deferring but it’s vital to remember these payments will have to be made later.

Create an emergency budget and be ruthless. Cut costs where you can because if you need it later you can get it later.
There are many scams operating at the moment so you need to be very aware of this.
For directors who are on an annual salary, there is a challenge as they would not have filed their RTI by the date currently being used as the stop point by the government.
When you are working in property every deal is different so it’s important to ring-fence finance setting up a limited company for each deal is a way of achieving this.
If a tenant is seeking deferment you can as the landlord request evidence of their change in circumstances.
If a business has applied for a business rates account number and not yet received one they should still be able to access the small business grant.

BEST MOMENTS

‘If you can get the VO to register you and you can show you were there prior to March then you can apply to the council for rates relief’

‘The Chancellor has not been very favourable to directors’

‘Make sure you budget for deferred payments’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Cashflow During Covid-19

Mon, 27 Apr 2020 23:00:00 -0000

In the current climate, never has cash flow been so important and the saying ‘cash is king’ been so true and in this episode Shaz shares some great tips on how you can keep your cash at the moment and be in a great position when things start to move again.

He explains the vital importance of tracking all money through your cash flow forecast and undertaking regular reviews of all aspects of your business.

With many elements to any business it’s vital to closely examine every payment and service to ensure you are running your business in the most efficient way.

This will mean when there are tough decisions to be made and difficult times you know exactly where your money is, putting you in a great position to move quickly when the world moves forward and the opportunities start coming.

KEY TAKEAWAYS

Complete a cash reconciliation every day and have a cash flow forecast.
Speak to your suppliers to agree payment dates, it’s vital to keep communicating.
Speak to your accountant, they will be able to advise on the grants and funds available to small businesses.
Stress-test your business by considering different possible scenarios moving forward, this helps you to see exactly what things will look like and you will know exactly when the money will run out.
Your cash flow forecast will help you to know when you should be furloughing your staff.
If you have investors and stakeholders it’s important to keep them informed and on board with you on your current business journey.
Look at what you can put on hold, only make the cuts you need to, it is possible to make so many cuts the business can’t survive.
You need to preserve cash because there will be many opportunities moving forward and those who are quick to move will be able to grow their businesses quickly

BEST MOMENTS

Keep a tight eye on what’s going on

‘Get ready for the upside when it comes’

‘Review your management accounts regularly’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Serviced Accommodation - A Game Changer for Your Property Strategy

Mon, 20 Apr 2020 23:00:00 -0000

In this informative episode, Shaz shares some of the tax advantages of Serviced Accommodation and why having SA as part of your strategy can significantly reduce the amount of tax you pay.

If you have ever wanted to understand more about Service Accommodation and the tax relief that can be applicable to this type of business then this is an episode you can’t afford to miss!

This is a great overview and provides clear advice on both the tax relief that is accessible for Serviced Accommodation and the criteria that must be met, listen in and learn why the differences between ‘buy to let’ and Serviced Accommodation can be a game-changer.

KEY TAKEAWAYS

Section 24 mortgage interest relief does not affect a serviced accommodation business if you meet the required criteria. The property must be available for commercial letting for 210 days out of the tax year and actually let for 105 days.
Rollover relief, gift relief and relief of loan to traders are all accessible if you qualify as a serviced accommodation business. These are not available to buy to let businesses which are treated as investment businesses.
When you are buying a property you can claim capital allowances - when you purchase a commercial property you can claim capital allowance on the purchase and when you undertake refurbishment you can claim capital allowances.
In serviced accommodation, you can use partnership rules and split the profits however you choose.
If you qualify for the tour operators margin scheme (TOM) you will only pay VAT on the margin, not the gross amount.
If you only have one property changing it to serviced accommodation for 2 years can mean you will be able to claim entrepreneurs relief and sell the property as a serviced accommodation business.

BEST MOMENTS

‘Make sure you claim capital allowances it’s a game-changer’

‘You will be able to significantly reduce the amount of tax you will pay’

‘Entrepreneurs tax means you only pay 10% if you meet the required rules’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Working From Home - My Tips!

Mon, 13 Apr 2020 23:00:00 -0000

Shaz is now like the rest of us ‘staying at home’ and in this episode, he reflects on how working from home was not something he had ever contemplated before because home is where he spends time with his family.

Currently, everything is different for everyone and Shaz shares how he and his team are adapting to working from home and discusses the best way to create a productive routine using the right software.

KEY TAKEAWAYS

We have a group huddle every morning to share what we are looking to achieve, it sets up the day so we know what to focus on.

When working from home you can choose a different routine from the traditional 9 to 5.

I can get started earlier in the day if I want to. I like to have a routine and structure to my day but using software like Asana and Teams help keep me organised and focused.
Having a dedicated space for work can make it easier for you and I can take a walk at lunchtime which I never did before when I was in the office.
There are lots of benefits from working at home but also distractions such as social media.
Working from home means I have a higher expectation about keeping focused.
Through ‘Teams’ people are more thoughtful and considerate about others time.
Will I carry on working from home? I don’t have as much of an aversion to it now but I think in time when things are back to normal I’ll go back to the office because I’m a creature of habit but it’s a positive that I have been able to adapt and work from home.

BEST MOMENTS

‘There is no commuting so you can either spend the time on your business or on yourself’

‘My team are committing to doing more and achieving more because they are putting more effort in at home to show it can work’

‘Working from home means I have a higher expectation of myself about keeping focused’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

Covid-19 and Government Grants

Mon, 06 Apr 2020 23:00:00 -0000

There is lots of information out there and Shaz brings together the important key points that every business owner should know about COVID19 and Government Grants and Loans in a clear and succinct way in this informative episode.

From the loans available and the qualifying criteria through to what is happening with Tax and VAT this is a must-listen for every business owner with clear information and great advice on what you can do now.

KEY TAKEAWAYS

Business interruption loan scheme

Funded by the government this is a demand-led scheme. They will fund based on how many people need it and how many qualify for it

Speak to your bank or one of the providers making loans available through this government incentive.

This loan facility is available to businesses who have at least 50% of more of their income from a trading business or trading activity If you get funding for the initial 250,000 it should be unsecured, but it is at the bank’s discretion over this amount will require security

Furloughing employees

Kicks in from the 1st March. You can furlough employees you can no longer pay and claim 80% of their actual monthly salary. The payroll run used for the calculation will be 28 February 2020.

HMRC are policing the system and expect to begin making payments at the end of May -until this point employers will need to continue paying their employees and will be reimbursed in early May

If an employee has been furloughed they can’t work but they can undertake training but use a furlough agreement so everyone is clear about the arrangement in place.

If you had already made people redundant you can bring them back and furlough them.

Directors can furlough themselves but can then only carry out the statutory duties required.

10k grant

If you qualified for small business rate relief on 11 March you will get 10k grant administered by your local authority.

Most local authorities are contacting small businesses but you can be proactive and contact them yourself.

BEST MOMENTS

‘The loan must be used for business purposes; it is intended to bridge the difference between loss of income and loss of turnover’

‘If you get funding for the initial 250,000 it should be unsecured, but it is at the bank’s discretion’

‘I’m distilling the information to make it easier for you and your business’

VALUABLE RESOURCES

GOV COVID19 Support for Business

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on: