Every business owner has an accountant. They are the mainstay of the business world and ensure that your returns to HMRC are penny perfect. But not everyone has a tax advisor, and I think they're missing out ...
Accountants get your returns penny perfect, tax advisors minimise what you pay HMRC!
Accountants do some great things for business owners; from bookkeeping to payroll, and everything in between, if you want your numbers to be right and ensure HMRC doesn't query your returns then having a good accountant is vital.
"But what about a tax advisor? What do they do?"
There may be occasions when you need to have an accountant and a tax advisor. Yes, many accountants know a lot about tax, but that is just one of many areas that they must cover, and so their depth of knowledge may not reach the same level as that of a tax advisor when it comes to some of the more complex areas of tax.
A tax advisor is someone who qualified as a chartered tax advisor and has many years experience working with businesses and individuals to get their numbers right. However, we then specialise in one thing, and that's about saving our clients money by minimising what they pay to HMRC.
A tax advisor keeps up to date with the latest legislation from the Government as well as researching case studies and legal precedents in cases where HMRC have queried the amounts business owners have paid them.
I am a qualified Chartered Tax Advisor with 20 years’ experience in tax. I like to work with both my clients and, where necessary, their accountants, to understand their current situation, the pain that they have and provide a tax-efficient solution.
However, I am not a miracle worker and sometimes there is no solution other than the path the client is already following. Yet with a little planning, and the correct structure, tax liabilities can often be minimised.
So if you are looking to structure your affairs more tax efficiently both for you and future generations it may be worthwhile talking to a tax advisor.
Until next time ...
Would you like to know more?
If anything I've written in this blog post resonates with you and you'd like to discover more, it may be a great idea to give me a call on 01908 774323 and let's see how I can help you.
Helen brings the personal tax planning experience of the top 20 tax companies to Essendon. Formerly of MacIntyre Hudson (with 45 offices nationwide), Helen worked at Chancery for more than 10 years before joining Essendon as the personal tax specialist.
Tax Planning can make a considerable difference to your tax liability. Helen has specialist knowledge and experience in tax planning and uses every opportunity to minimise your tax bill is utilised. By analysing your investments, income, profit and expenditures, Helen will provide strategic tax planning expertise that could offer significant savings, whilst delivering clear, honest advice and guidance.
When Helen is not at Essendon she spends time with her young son and likes going on long walks with the family dog.
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