Building trust is the cornerstone of any successful bookkeeping relationship. From the very beginning, clients are seeking transparency, professionalism, and reliability. Maybe the most effective way to build this trust is through the use of clear, well-structured engagement letters that detail the scope of services and expectations up front.
FigsFlow’s engagement letter software for bookkeepers tool helps bookkeepers establish strong client relationships through streamlined agreement processes, transparency, and a professional presence from the start. Automating such a critical document saves bookkeepers time and helps establish trust in their clients while boosting efficiency in operations.
Setting Clear Expectations with Custom Engagement Letters
Misconceptions about services, fees, and obligations can lead to conflict and a strained relationship with clients. A properly written engagement letter dispels uncertainty, creating realistic expectations on both sides.
FigsFlow offers editable engagement letter templates that allow bookkeepers to tailor agreements to suit specific client needs. Templates accommodate all terms required while maintaining the structure professional. Clients find the transparency to be reassuring in their confidence towards the bookkeeper’s ability and business behaviour.
Enhancing Client Experience with Seamless Digital Signatures
A slow and frustrating onboarding experience can delay and frustrate a professional relationship before it even starts. Before digital solutions became mainstream, engagement letters required to be printed, signed, scanned, and emailed back and forth—a process that can feel outdated and inconvenient.
FigsFlow streamlines this by incorporating digital signatures, enabling clients to view and sign contracts in an instant from any device. Not only does this quicken the onboarding process, but it is also an evidence of future-proof and client-centric bookkeeping practice.
Improving Transparency and Compliance
Transparency is vital in the development of long-term trust with clients. Engagement letters are formal contracts that protect the bookkeeper and the client such that there is no uncertainty about what work will be done or about fees.
FigsFlow’s solution provides an audit trail of all contracts, tracking when documents are opened, sent, and signed. This transparency reassures clients that their financial activities are being professionally and securely handled, establishing long-term trust and confidence.
Enhancing Professional Reputation
An effective and streamlined process of engagement makes a positive contribution to the professionalism of a bookkeeper. When clients see that their bookkeeper is using cutting-edge
software to process agreements efficiently, it builds credibility and establishes a high level of service.
FigsFlow helps bookkeepers present a professional and reliable image through structured, legally acceptable engagement letters based on industry best practices. This, in turn, leads to improved referrals and long-term client loyalty.
If you’re a landlord or thinking about investing in property, you’ve probably heard about Special Purpose Vehicles (SPVs), limited companies specifically set up for buying and managing rental properties. More and more landlords are using them, but is it the right move for you?
In this guide, we’ll break down why landlords are switching to SPVs, how they work, and what you need to consider before taking the plunge.
Why Are Landlords Moving to Property SPVs?
Not long ago, most landlords bought properties in their personal names. It was easy, straightforward and tax-efficient—until the government changed the rules.
The biggest blow came from Section 24, which phased out mortgage interest tax relief for landlords holding properties in their personal names. This means:
· Higher tax bills for landlords in the 40% and 45% tax brackets.
· Less profit from rental income as mortgage interest is no longer fully deductible.
· Tighter affordability criteria for new mortgages, making it harder to expand portfolios.
Enter the Property SPV Limited Company. By holding buy-to-let properties in a company rather than your personal name, you can:
· Deduct 100% of mortgage interest as an expense before paying tax.
· Pay corporation tax instead of higher personal tax rates.
· Reinvest profits into new properties without personal tax liabilities.
· Limit personal liability meaning your personal assets aren’t at risk if something goes wrong.
For landlords planning to grow their portfolio, the Property SPV Limited Company Formation for Buy to Let strategy offers a way to reduce tax bills and scale efficiently.
Is an SPV Right for You?
The Property SPV Limited Company Formation strategy makes the most sense if you:
· Plan to buy multiple properties and grow a portfolio.
· Want to maximise tax efficiency and reinvest profits into more properties.
· Are in the higher tax brackets and want to reduce tax bills.
· Are happy to deal with company admin and accounting in exchange for financial benefits.