Platinum Business Magazine, Issue 10

Page 46


ON BUDGET AND ON TIME When George Osborne stood up to announce the final budget before the election, the expert teams from Kreston Reeves were poised to tweet their immediate responses. Business Services Partner, Paul Roe, reports on how one of the region’s leading accountancy firms reacted in real time to the unfolding events...


moothly, another article gets into Platinum Magazine from Kreston Reeves. It’s the easiest thing in the world. Well, actually, to get it right and engage the audience is far from easy. In this article we will show what we do to ensure that what you read here is on time and on the money. At Kreston Reeves we take considerable care in selecting what we present of budget changes. A well-oiled machine springs into life. Firstly, colleagues across the firm will cock one ear to the radio where they can, listening for the changes that will affect their clients. Additionally, in two of our six offices tax specialists and our marketing team will set up


camps to listen to the Chancellor, looking for the general points which affect all businesses, and to concentrate on the industry sectors in which we are particularly strong. No organisation can claim expertise in all things, but in Kreston Reeves we do feel strong in the following sectors. Of course, having an office so close to the Old Street Hub, we cover technology and technological issues well. So we were looking for enhancements to the R&D tax credits for this sector, and for Life Sciences, of course, and hidden deep in the Press Release was a relaxation of the procedure in the first three years of claim to what essentially appears to be self regulation for that period.

Additionally, we are particularly strong in property and construction, professional practices, financial services, manufacturing, charities and not-for-profit entities, agriculture, academies and education, and in the niche sector of London Livery Companies. In London, a team comprising myself and David Noakes from the Crawley office, Sati Virdee and Michael Hesketh was ably led by Partner and Head of Corporate Taxation Brian Mulholland. In Canterbury, an equally impressive team was led by Clive Relf, Head of Private Clients, and comprised Jenn Williamson, Matthew Creevy and Mark Heath. Paul Howson gave the input from our Financial Planning colleagues.

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