Accountancy firm launches specialist tax advisory teams

Regional accountancy firm HB&O has launched two specialist tax advisory teams.

With offices in Coventry and Leamington, the firm has formalised its offerings in transaction tax services and inheritance tax, trusts, and estates, providing support in tax planning, compliance, and advisory services for SMEs, not-for-profit organisations, and owner-managed businesses.

The transaction tax services team, led by Neil Allcroft, will focus on tax structuring for business sales and purchases, corporate reorganisations, exit planning, business valuations, and capital gains tax planning.

Allcroft said: “This new team brings together experts from across HB&O under one unified banner, which will allow us to focus our expertise in the transaction tax area and deliver a more comprehensive service for clients. Our target is to grow our market presence and grow our reputation with external third parties to increase referrals coming into the business. We have always delivered this type of work, but this move formalises the offer and internally will give our team a new area of specialism to aid their personal career development.”

The inheritance tax, trusts, and estates team, led by Vanessa Glenn, has been launched in response to rising client enquiries following recent government announcements.

The team will provide tailored estate planning advice, helping clients navigate trusts, inheritance tax mitigation, and compliance.

Glenn said: “We are looking at identifying and bringing in clients that need their financial affairs reviewed, to mitigate inheritance tax. A key factor behind this has been the changes from the last Budget. It is also to educate people and encourage clients to seek advice on estate planning early. We generally have people approach us in their 70s and by that stage, many key opportunities have been missed. We have been dealing with trust compliance and inheritance tax for a while, but now we have the right team in place we are looking to make a concerted effort to drive that area of the business.”