Logo

    Wealth Made Simple Podcast

    This podcast is all about Business, Property and Tax. I’ll share my knowledge, experience and expertise of running five businesses at the same time. I’ll share my experience of building a multi-million-pound property portfolio. Best of all, as a chartered accountant,  I’ll share tax-saving tips, tools and techniques to help you save tax.

    The aim of this podcast is to help you grow your turnover, improve your margins and drastically increase your profits. All of this will help you build a better business which has a much higher exit value. It will also enable you to create more wealth, more time and more opportunities.

    en-GB342 Episodes

    People also ask

    What is the main theme of the podcast?
    Who are some of the popular guests the podcast?
    Were there any controversial topics discussed in the podcast?
    Were any current trending topics addressed in the podcast?
    What popular books were mentioned in the podcast?

    Episodes (342)

    Traits Money Likes

    Traits Money Likes

    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

    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:

    Goldmine Area

    Goldmine Area

    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

    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:

    Moral Landlords

    Moral Landlords

    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

    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:

    Top Tips For Property

    Top Tips For Property

    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

    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:

    Money Mindset

    Money Mindset

    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

    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:

    How I Evaluate Investments

    How I Evaluate Investments

    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

    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:

    Wealth Made Simple Podcast
    en-GBJune 05, 2023

    Commercial Or Residential

    Commercial Or Residential

    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

    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:

    Commercial Conversion Deep Dive

    Commercial Conversion Deep Dive

    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

    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:

    No Money Down

    No Money Down

    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

    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:

    Mindset And Niche Strategies

    Mindset And Niche Strategies

    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

    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:

    Deal Sourcing And Lease Options

    Deal Sourcing And Lease Options

    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

    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:

    Commercial Conversions

    Commercial Conversions

    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

    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:

    Flipping, BRRRRs and Rent-To-Rent

    Flipping, BRRRRs and Rent-To-Rent

    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

    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:

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

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

    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

    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 with Kevin Whelan from WealthBuilders

    SSAS with Kevin Whelan from WealthBuilders

    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 

    https://wealthbuilders.co.uk/wealthmadesimple

    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

    shaz@aaa-accountants.co.uk 

    https://wealthbuilders.co.uk/wealthmadesimple

    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:

    How Did Shaz Get Into Property

    How Did Shaz Get Into Property

    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

    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:

    SPVs

    SPVs

    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

    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:

    SMART Companies

    SMART Companies

    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

    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:

    Live Question On Capital Allowances

    Live Question On Capital Allowances

    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

    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:

    Commercial Conversion and VAT

    Commercial Conversion and VAT

    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

    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:

    Logo

    © 2024 Podcastworld. All rights reserved

    Stay up to date

    For any inquiries, please email us at hello@podcastworld.io