Latest News | 6 January 2021
Bates Weston tax team uses expertise for book
Tax experts at Bates Weston have been called upon to use their expertise to help put together a new book.
The tax team at the firm, which is based in Canal Street, were asked to be authors of Tolley’s Tax Planning for Owner Managed Businesses 2020/21.
Bates Weston has advised business owners on all aspects of tax planning over the years, specialising in complex reorganisations and reconstructions arising from a decision to sell, divergence of shareholder plans, a change of strategic direction or protecting tax status.
Putting this knowledge to good effect, its tax team, led by Craig Simpson and co-authored by colleagues Richard Coombs and Cassandra Graham, took on the title.
The book is part of the Tolley’s Tax Planning Series. Tolley’s is the UK market leader in providing practical tax and accountancy guidance, in-depth reference materials, exam training and exclusive market insights.
The book provides real life solutions on tax planning problems faced by business owners and is primarily a technical reference book for accountants, professional advisors and students.
Craig, who is tax partner at Bates Weston, said: “We are delighted that our tax team has been able to draw on their extensive experience to take on this title.
“It reflects and enhances their growing reputation as tax advisors to substantial privately-owned businesses and high net worth individuals and families.”
Craig said that due the coronavirus pandemic, his team’s expertise has been in high demand as business owners review their company structure and longer-term plans.
He said: “Most owner managers expect tax planning to help them in the long term but during 2020 a large focus has been on structure and tax cashflows and we have helped owners recover cash from HMRC to assist with cashflow.”
