Client Sectors
Perrys is a true ‘general practice’ with clients of every size and from all sectors – based both here and abroad. We represent significant numbers of clients from specific industry sectors – details of these and the relevant experts in our team are below.
Medical
With HM Revenue & Customs’ renewed focus on the healthcare sector, together with wide ranging reforms of the National Health Service, it is now more important than ever to be supported by specialist medical accountants.
At Perrys, we are dedicated to providing accounting, tax and advisory services to GPs, hospital consultants and other medical professionals. Donna McCreadie, and her team at our Wrotham branch, have many years’ experience in dealing with the financial factors affecting the medical profession.
Our advice covers all areas from practice accounts, superannuation certificates and partnership agreements, to capital gains tax mitigation and inheritance tax planning. Our aim is to alleviate the pressure on medical professionals today, giving you more time to work with your patients.
For more information or to arrange a free initial consultation, contact Donna McCreadie on mccread@perry-company.co.uk.
Dental
The financial issues affecting dentistry are continually changing and we can advise on their impact on you. These include deciding whether to trade as a sole practitioner, partnership, by using expense-sharing arrangements, or as a limited company. You may also need to consider the value of goodwill when buying or selling a practice, the best way to bring in new partners and whether using spouses could help minimise your tax liabilities.
We will review and minimise your tax liabilities by ensuring you are claiming maximum expenses, including the best way of dealing with a car.
We can also advise on employment status for hygienists, dental technicians and associates; what capital allowances can be claimed when refurbishing a surgery and whether any assets should be integral features. You may also need to consider the merits of private versus NHS income, and other options to maximise your profitability.
For more information or to arrange a free initial consultation, contact Mark Day on day@perry-company.co.uk.
Legal
There are specific legal and reporting requirements, for solicitors, relating to the holding, maintaining and controlling of client monies. The reporting requirements are detailed and, over the past few years, have been updated in numerous areas. Most solicitors, in our experience, are conversant with the rules and the amendments therein; however, breaches of the rules can occur, which are reportable to the Solicitors Regulation Authority.
At Perrys, we have detailed knowledge of these rules and the interpretation of them in everyday use with our clients. We act for numerous solicitors in relation to the audit requirements for these regulations. In addition to the audit, we can advise on the rules and provide feedback and recommendations on client accounting.
For more information or to arrange a free initial consultation, contact Declan McCusker on mccusker@perry-company.co.uk.
Hotels
Perrys currently act for numerous hoteliers, including the entire UK operation of a worldwide hotel group.
Hoteliers are subject to very specific taxation and financial reporting issues which affect the business, the profits recorded by the business in the annual accounts and the various taxation issues and liabilities which arise. Examples include:
- Capital allowances – hotels and B&Bs incur capital expenditure on the property, furniture and furnishings. Detailed knowledge of the ever-changing rules for capital allowances is essential to maximise the taxation relief available in this area.
- Income tax and National Insurance – there are specific rules and guidelines in relation to areas common to hoteliers such as meals and accommodation provided to employees, taxis for employees working late and also the provision of uniforms. Falling foul of these rules can result in taxation, penalties and interest.
- Financial reporting – there are numerous financial reporting standards which are common to hoteliers which will directly impact on reported profits and results. Detailed knowledge of this area and utilising the advantageous provisions available to hoteliers is essential.
For more information or to arrange a free initial consultation, contact Declan McCusker on mccusker@perry-company.co.uk.
Property
Specialist tax advice is crucial when it comes to income and gains from land and property, whether you are purchasing your first buy-to-let property, embarking on a new business venture as a property developer, or an experienced property investor.
At Perrys, we ensure that your business affairs are correctly structured to minimise your current and future tax liabilities.
We take the time to discuss your property investment to date and to review your current business structure, to reduce your income tax and corporation tax payments. We also discuss your investment intentions and exit strategy, to ensure that we maximise the reliefs available for future capital gains tax and inheritance tax liabilities.
For more information or to arrange a free initial consultation, contact Donna McCreadie on mccread@perry-company.co.uk.
Design
Perrys acts for a wide range of creative companies. We’ve learned that, contrary to popular belief, designers are often very good business people, but many of them focus more on producing good solutions and great service than they do on financial matters.
We help designers to take maximum advantage of the tax breaks available to them by structuring their businesses differently. We also provide day-to-day support with bookkeeping and financial management, allowing them to concentrate on creative matters, which is, after all, what they do best!
For more information or to arrange a free initial consultation, contact Allan Taylor on taylor@perry-company.co.uk.