Getting tax right

Tax is complicated; ensuring your business is getting tax right is equally so. It is therefore essential to find the right tax adviser for your business. Without a comprehensive understanding of tax regulations, business owners can easily end up paying too much tax, too little tax or missing out on tax reliefs. Appointing the right firm of tax advisers can make a huge difference to your commercial prospects.   

Getting tax right: finding the right tax advisers

What do you need to look for in a tax adviser? Generally, it is important to consider the following: 

  1. Do they have extensive knowledge of UK tax across VAT, PAYE, personal and corporate tax?
  2. Does the firm have expertise in your industry sector?
  3. Do they combine Business Tax and Personal Tax services?
  4. Are they members of a recognised professional body like ICAS or CIOT?
  5. Is their team large enough to cover the unique tax requirements of your business?
  6. Can they offer a multi-disciplinary approach across tax, accounting, audit and finance? 
  7. Do they have international expertise and presence? (if relevant to your business or business plan). 

Getting tax right: choosing the right tax firm

What kind of feedback and responses should you be looking for? Here are some examples of the tax advice that we provide to prospective clients of Consilium Chartered Accountants. 

Tax knowledge & insight

Consilium’s Tax team have the technical expertise to handle any UK tax compliance issue, and the proactive insight to help you plan for and mitigate tax risks. Getting tax right is our focus and we develop a detailed knowledge of every client’s business so we can provide comprehensive tax advisory services. This includes specialist areas like VAT, PAYE, Inheritance Tax and Capital Gains Tax. 

Diverse industry experience

From precision engineering and hospitality to retail and electronics, Consilium is proud to work with a diverse portfolio of tax clients. We work for some of Scotland’s most successful businesses, providing a full range of tax advisory and planning services.    

Professional accounting membership

Consilium is regulated by the Institute of Chartered Accountants of Scotland (ICAS), thus providing clients with the comfort and assurance they need that we are focused on providing quality advice and support.

As an Authorised Training Office of ICAS, we also work closely with ICAS to recruit and train the next generation of Chartered Accountants.

Team size

The tax team at Consilium combine industry-specific knowledge with the agility to help SMEs plan for, and react to, tax issues. We deal with all sizes of business and are accessible to our clients at any part of the compliance or advisory process.

A comprehensive approach to tax and accounting services

Consilium is an independent firm of accountants and business advisers. We provide a comprehensive range of Audit, Accounting, Business Advisory, Tax, Corporate Finance, Cloud Accounting and Payroll services.

International tax

Getting tax right can be an international issue for many businesses. Consilium supports businesses operating internationally through our membership of the Kreston Global network of accountancy firms and advisers. Membership of this network gives us direct access to tax experts in overseas tax jurisdictions meaning we can support clients in any international market. 

Investing time now in appointing the right tax advisers will pay off in the longer term. To arrange an informal discussion, either in-person or virtually, about how Consilium can help your business get tax right, contact our lead Partner Craig Coyle

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Craig Coyle
Tax Advisory
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0141 204 6650