© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Ones to Watch for 2016: The Leading Tax Experts
Posted 5th May 2016

Ones to Watch for 2016: The Leading Tax Experts

ARN HOXTON is a boutique accounting firm based in the city of London, primarily offering services to small and medium sized businesses.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Ones to Watch for 2016: The Leading Tax Experts
Image

Ones to Watch for 2016: The Leading Tax Experts

ARN HOXTON is a boutique accounting firm based in the city of London, primarily offering services to small and medium sized businesses. Most of the firm’s clients are either successful London based businesses or high net worth individuals from abroad. Companies and individuals who come from abroad and want to set up businesses in the UK or have properties in the UK are the types of clients the firm serves. The firm is led by Mr Sukumar Saha – a highly respected Chartered Accountant who specialises in personal and property tax.

In an interview with AI, the managing partner Sukumar Saha (Suku) emphasises that “human touch” lies at the heart of the firm’s working ethos. “Since most of our services are bespoke, it is paramount that we build up strong relationship with the clients, and we do this through the mean of human touch. The first thing is to understand the client’s needs. Each client will have a unique problem – identifying the problem is half the solution”, he explains. Once the problem has been identified, his firm works towards providing pragmatic and effective solutions.

Everybody within the firm, from top to bottom plays a very important role in meeting and exceeding clients’ expectations. “For example when conducting bookkeeping for a client, we need to understand the client’s business and needs, which would be done at a junior level. Good communication with the client and giving accurate information is critical” Suku adds.

Communication internally is also key, for example “if I am doing something for a client, I will let the other team members know what I am doing and when the client makes any contact, everybody in the team will know what they are talking about”. Concerning tax advice given by the firm, this falls into three categories – corporation tax, personal tax and VAT & PAYE. First of all, Suku outlines that the firm does not do cross-border tax, but in the UK they deal with corporation tax, and within that they ensure the client pays no more tax than is needed. In terms of personal tax, where an individual perhaps has their own company or another source of income, such as rental income, ARN HOXTON are only too happy to assist.

Also, when foreign individuals become tax residents in the UK they require a considerable amount of planning, so “we need to ensure that we manage their affairs efficiently and in the most tax efficient way” Suku explains. The challenge ARN HOXTON are facing in 2016 and beyond relates to technology. There are many online service providers that clients research into, where the accounting perhaps is done from home or from outside the UK. While potential clients can compare such firms online, they cannot however compare the services from one firm to another, Suku highlights. He adds that the client seeking a low fee may not find the human touch when considering online accounting services. When contemplating who to use for tax services, it is important that the potential client carefully considers the qualifications of the accountants, where they are based, their experience and effective communication from a potential firm.

“Unfortunately accounting profession is unregulated in the UK and anyone can call themselves accountants. Be wary!”. While advances in technology have been great for firms such as ARN HOXTON, “we still need those old-fashioned communication channels between the professionals and the clients. Technology will go forward and conquer the world, but at the same time human interaction will always be of paramount importance” Suku observes. Finally, Suku stresses that before appointing the accountant it is very important to meet them in person, to ascertain if the client feels comfortable working with them in the long term. If a face to face meeting is difficult, then talk to them on Skype, check who their clients are etc. “Don’t just focus on the costs but on the value that accountant can add”.

Suku wittingly brings in the analogy of brake pads to the accountancy profession; “Accountants are like the brake pads in your car. You will not usually notice them but they are extremely important, and when you need them most, they need to be strong and effective.” – he concludes.

Company:
ARN HOXTON
Email: [email protected]
Web: www.arnhoxton.co.uk
Address:
5 Baldwin Street,
London EC1V 9NU
Phone: 44 (0)207 118 5555

 

 

 

Categories: Finance, Innovation


You Might Also Like
Read Full PostRead - Eye Icon
Restructuring options for financially-distressed employers
Finance
17/03/2021Restructuring options for financially-distressed employers

Whilst support has been made available by the Government to assist employers, the pandemic has still seen huge numbers of job losses. The pain has been felt in all sectors. So, what restructuring options are available for directors to consider in the hope of r

Read Full PostRead - Eye Icon
Bär & Karrer Advises De Beers Purchase of Equity Stake in Synova
Legal
08/07/2015Bär & Karrer Advises De Beers Purchase of Equity Stake in Synova

Bär & Karrer Advises De Beers Purchase of Equity Stake in Synova

Read Full PostRead - Eye Icon
3 Ways to Implement Modernity in Your Transportation Business
Innovation
21/12/20213 Ways to Implement Modernity in Your Transportation Business

The business of transportation is hardly new, however, some of the newest businesses to emerge onto the scene have models and processes that their predecessors do not. Even though this industry will for the most part always be an essential sector of business,

Read Full PostRead - Eye Icon
Delivering Personalized Medicine Through Molecular Diagnostics and Innovation
Innovation
30/08/2019Delivering Personalized Medicine Through Molecular Diagnostics and Innovation

Interpace Diagnostics provides molecular tests and pathology services to physicians and hospitals for various types of cancer. Earlier this year, the company found success in AI’s Global Excellence Awards 2019 where they were selected as the Most Innovative

Read Full PostRead - Eye Icon
StudentUniverse Acquired By Flight Centre Travel Group
Finance
22/12/2015StudentUniverse Acquired By Flight Centre Travel Group

StudentUniverse to Scale Globally and Become the Worldwide Leader in the $180+ Billion Student Travel Industry

Read Full PostRead - Eye Icon
Modern Business Models You Need to Know
News
06/01/2022Modern Business Models You Need to Know

Remember when the only way to shop was in person? Excluding catalog shopping, going to the store was the only way to shop. But as time passed, something started to change. Innovation took hold and revolutionized the way we do just about everything. Business mo

Read Full PostRead - Eye Icon
Key Player in the Philippine Legal Industry
Legal
20/03/2019Key Player in the Philippine Legal Industry

MOSVELDTT Law Offices is full-service firm grounded on legal competence and distinguished by their uncompromising work ethic. Recently, the firm found success in AI’s Global Excellence Awards 2019. On the back of their win, we profiled the firm and spoke to

Read Full PostRead - Eye Icon
Should You Block AI Bots from Crawling Your Website?
News
15/04/2024Should You Block AI Bots from Crawling Your Website?

Did you know AI’s like ChatGPT could be crawling your site for data? AI large language models (LLMs) like ChatGPT and Bard (now called Gemini) has raised a question for businesses: block or allow AI bots like ChatGPT’s GPTBot to crawl your site? As AI is a

Read Full PostRead - Eye Icon
Payvision secures strategic investment from ING Group
Strategy
30/01/2018Payvision secures strategic investment from ING Group

Payvision secures strategic investment from ING Group



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow