Specialist Services

Working extensively with professional partnerships for over 20 years now, we have helped with numerous succession issues, including advice on the appointment of new partners and the retirement of exiting partners. Included within this are the all-important tax position of both the entrants and exiting partners, to plan the most effective route for all. We have also been involved with the structure of such succession planning to include the financing, value and timing to ensure  that equity can be released to retiring partners in an affordable and tax-efficient manner.

As a matter of course we have advised on numerous management buy outs (MBOs) for clients sales and whilst acting for the purchasers. As all situations are different, this can include advice on the best structure for a deal, which invariably includes tax clearances from HMRC.

We also help clients selling their business outside of their management team, for example to independent purchasers. Recently we successfully helped a client achieve a multimillion pound sale to a PLC.

Having worked with our legal clients for many years, we report to the Solicitors’ Regulation Authority on their controls and client account conduct, via an accountant’s report. Our staff are very familiar with the nature of testing required to enable us to offer an efficient, knowledgeable service.

We also advise on the structure of legal practices with the registration of licensed bodies now commonplace. Incumbent within these structures is of course sensible tax planning to ensure that family wealth planning can be covered with business structures.

As registered auditors, we are able to carry out Companies Act audits for our larger clients. Our audit team is kept fully up-to-date with essential CPD to ensure our competency is always assured, allowing an efficient service for our clients. Clients include national businesses with turnovers in the millions, reaching over £40m for our current largest engagement.

We have been involved in many different and interesting projects for businesses to include mergers, demergers, transition to limited companies and also back to individual ownership of businesses.

Where appropriate, we are able to use our expertise to obtain the relevant clearances from HMRC to ensure the sometimes-complicated changes are carried out effectively. Our team are able to guide clients through all stages of these transitions, in an understandable and clear way.

Sometimes these structures include property investment businesses, and careful consideration is given to the best solution for clients from a corporate and income tax perspective. VAT can also factor into this and our expertise in this area helps clients to get the best from their portfolios.

With over 25 years’ experience, we have assisted clients and non-clients in highly technical enquiries, to ensure their position is represented fairly to ensure the correct amount of tax is paid.

Whether it is a small, relatively minor ‘aspect’ enquiry or a full-blown investigation leading to a tribunal or alternative dispute resolution framework, we can help guide you through the whole process and reach a settlement with HMRC on your behalf.

Besides the usual preparation of monthly or weekly payrolls for clients, our highly specialised team, headed up by Jo MacNair, can help with any technical queries you may have including claims, workplace pension registrations and implementation, TUPE regs, foreign employments and anything else that comes along.