2017 Offshore Excellence Awards

6 Acquisition International - Offshore Excellence Awards 2017 Best Accounting Services Provider - Isle of Man Baker Tilly Isle of Man Baker Tilly Isle of Man is an Independent member of Baker Tilly International and a leading firm of Chartered Accountants and Business Consultants. We caught up with David Stevenson to find out more about the firm and the services it provides. Company: Baker Tilly Isle Of Man Contact: David Stevenson Email: david.stevenson@ bakertillyiom.com Address: PO Box 95, 2a Lord Street, Douglas, Isle of Man Phone: 01624 693900 OE170004 Drawing on nearly 50 years’ experience, as well as the vast resources of its international network, Baker Tilly Isle of Man is able to provide clients with the very highest standards of accountancy and consultancy services. David outlines how the firm works to ensure that clients always receive the very highest standards of service when they work with the company. “Here at Baker Tilly Isle of Man, our aim is to provide our established and expanding client base with a bespoke service and professional expertise in accounting, audit, fiduciary services, luxury asset management, retirement solutions and a wide range of international business support and consultancy services. As a company we understand the needs of our clientele and work with our network of contacts and partners to ensure we deliver the best possible solutions to the highest standards. This collaborative approach is vital to our success, and our reach is sizeable being part of Baker Tilly International which is the 7th largest advisory firm in the world, represented by 165 firms in 141 countries with a combined fee income of US$3.8 bn and more than 30,000 people worldwide. Therefore we have an excellent reputation in the market and cover a wide range of services which enables us to provide the client with the complete package and provide all services in-house. Specifically, with regards to the Isle of Man, it is easy to see why Baker Tilly is so eager to showcase its presence in the region; it has had one of the fastest growing economies in Europe in recent years and is in its 33rd year of continuous growth. Despite the challenges of the current global economy the Island still has achieved current growth of 2.5% in real terms and the Islands Gross Domestic Product (GDP) exceeds £2bn. Business is attracted in various ways including a competitive tax regime, professional expertise, supportive Government, World class telecoms infrastructure and sound financial regulation. Anumberofexternalbodies, including the International Monetary Fund, have confirmed that the Island’s defences against money laundering comply with the highest global standards, and that it co-operates fully in combating international financial crime. David outlines the challenges the region presents to firms such as his and how his firm, and its dedicated team, are adapting around these in order to overcome them. “There are many challenges facing our industry both locally and internationally. These include but are not limited to FATCA, CRS (Common Reporting Standards), BEPS (Base Erosion Profit Sharing) and on-going due diligence requirements. “However, being a market leader we believe we are well placed to deal with the changing global environment We have quality staff and systems in place so as to ensure that our clients have a continuous, uninterrupted, compliant and efficient service. “Fundamentally, our staff is our firm and they are central to our success. We believe that all staff members have a role to play and our company success depends on our employee’s performance. We create a well-rounded approach where regular meetings between management and staff ensure both the development of the company and that of the employee. “All staff are aware of our goals and objectives and we believe that employees who are well informed actually serve the client more efficiently and become more engaged thus enhancing the client experience.” Looking ahead, David believes that his firm is set for a bright and prosperous future as it seeks to build upon its current success. “Whilst certain sectors in our market place are tight currently, Baker Tilly Isle of Man are continuing to flourish. We are growing both organically and also by acquisition. We have recently acquired a local trust company with a particular emphasis on Sub Saharan Africa and are excited to take advantage of the opportunities this growth and acquisition will afford us.”