Twice the service at half the cost – and an exponential decrease in tax!
Stephen is a co-founder and director of Park Properties, which builds and develops distinguished homes around the Bristol area. “I used to run my business using a corporate-style structure but changed latterly, creating joint ventures with other developers”, continues Stephen.
“My wife and I had been introduced to Nick in about 2011. We have a considerable rental property including a large house in the Cotswolds and Nick was recommended to us with regard to mitigating tax liabilities between our main house and the rental home. He took a genuine interest in what we were trying to achieve and greatly reduced our tax liability.”
“We have since extended our portfolio of rental properties alongside the homes we were developing for sale,” Stephen explains. “Every step of the way Nick has been with us, advising on how to structure our investments to legally minimise tax. It’s quite unlike the service we’d received from our previous accountants, who were twice as expensive yet showed no interest at all in tax planning. Chatting to other people since, I get the impression this is the ‘norm’ for most accountants, who just process numbers without thinking. Not so for Phoenix. Nick has considerably reduced our tax bills!”
Spreading the good news
“I am very happy working with Nick and his team with our property development, rental portfolio and various businesses,” Stephen adds. “We remain very impressed with how they work and the efficiencies in tax savings they achieve. Nick designed the structure of our group so we could legally reap the maximum benefits and he set up the businesses for us. He’s knowledgeable and very helpful: and if he doesn’t know the answer to something he researches it thoroughly and asks other specialists who do know. He’s always very busy but, particularly now he has more staff, is easy to get hold of.”
“I must admit”, he concludes, “I’m not someone who trusts others easily, but I completely trust Nick. He’s very creative without breaking any HMRC rules.”