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Client Sectors

 

 

Perrys Chartered Accountants, central London and Kent: specialist client sectors 

Perrys is a truly 'general practice' – by this we mean that we offer our audit, accounts and tax services to clients of all sizes and from a diverse spectrum of business sectors, based both in the UK and abroad. 

As a client of Perrys Chartered Accountants, Central London or Kent you can rest assured that we will connect with your business to provide a tailored service to suit your needs. 

We represent significant numbers of clients from the following sectors – for your convenience, details of these and the relevant experts in our team are below.

Whatever your industry, at Perrys we pride ourselves on offering our clients exceptional service and expert advice – to arrange a free and informal meeting to discuss how Perrys Chartered Accountants, Central London and Kent will benefit your business, please call 0800 7870 464 or email us.

Legal

We understand the specific challenges faced by those in professional legal practices, in complying with legal and reporting requirements relating to the holding, maintaining and controlling of client monies. The detailed reporting is complex and, over the past few years, has been updated in numerous areas. Most solicitors 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 along with efficient tax planning.

For more information or to arrange a free initial consultation, please contact Declan McCusker on mccusker@perry-company.co.uk (based at our Mayfair branch).

Hotels and hospitality 

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, for example: 

  • Capital allowances – hotels and B&B's 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, please contact Declan McCusker on mccusker@perry-company.co.uk (based at our Mayfair branch).

Property investment 

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 you're an experienced property investor.

At Perrys, we ensure that your business affairs are correctly structured to minimise your current and future tax liabilities to produce the best returns for your investment. 

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, please contact Donna McCreadie on mccread@perry-company.co.uk or Gareth Bridgland on bridgland@perry-company.co.uk (based at our Wrotham branch).

Charities and not-for-profits

Perrys acts for a wide range of charities and not-for-profit organisations. We understand the unique challenges faced by these bodies, as well as the complexities of rapidly changing regulations and compliance requirements pertaining to audits, and the reporting and recording of financial information in line with best practice. 

We offer day-to-day support with bookkeeping, preparation of accounts and financial statements and also offer proactive advice on tax efficient fundraising and planning.

In addition we also offer our accountancy expertise to foster carers: the caring for children in this arrangement is treated as a business by HMRC and many foster carers are responsible for preparing annual accounts, completing self-assessment tax returns and are liable for income tax and National Insurance.

For more information or to arrange a free initial consultation, please contact Declan McCusker on mccusker@perry-company.co.uk (based at our Mayfair branch).

Building & construction (CIS)

One of Perrys' specialist sectors is building and construction. Under the Construction Industry Scheme (CIS), contractors must deduct money from a subcontractor's payments and pass it on to HMRC – these deductions count as advance payments towards the subcontractor's tax and National Insurance. 

We harness our expertise and knowledge to help construction companies, by providing day-to-day support with bookkeeping, PAYE, preparation of accounts and financial statements and we also prepare VAT returns and ensure CIS compliance is met. Not only that, we will also provide clients with proactive advice which will lawfully allow their business to minimise its tax burden, saving them money and allowing them to concentrate on with what they do best.

For more information or to arrange a free initial consultation, please contact Dave Horn on horn@perry-company.co.uk (based at Medway branch).

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