Need a part time tax resource who understands your business and your needs

Hiring an embedded fractional tax adviser on an ad hoc or a tax consultant on an ongoing part-time basis offers many advantages for UK businesses compared to relying solely on internal resources, often from within finance or external tax advisers:

1. Deep understanding of the business and develops relationship with all internal resources
2. Being intimate with the business enables tax issues to be addressed and mitigated as they arise.
3. Cost Efficiency: Fractional tax consultants provide high-level expertise without the full-time salary and benefits associated with permanent hires. This can be particularly beneficial for small to medium-sized enterprises (SMEs) that need specialised knowledge but cannot afford a full-time tax expert. Individual expertise is likely to be less costly than external advice from large accountancy or tax practices.
4. Flexibility: Fractional tax advisers can be engaged as needed, allowing businesses to scale their service requirements up or down, based on requirements, such as tax reporting deadlines, additional year end resource, or transactional needs (e.g. M&A). This adaptability ensures that businesses receive the right level of support without overcommitting resources.
5. Immediate Expertise: These consultants often have extensive experience across various industries and projects, enabling them to quickly understand and address specific tax challenges. Their ability to hit the ground running can save valuable time and accelerate project timelines.
6. Response times should be quicker, as relevant internal stakeholders will have a personal relationship with an embedded consultant, and tax queries are not channeled through individual contact points at a client and the external practice.
7. Objective Perspective: As external professionals, fractional consultants can provide unbiased insights and fresh perspectives. An embedded expert will understand the business and can help identify solutions and improvements that internal teams might overlook due to over-familiarity or internal tensions and conflicts.
8. Strategic Focus: With a granular understanding of a business, fractional tax experts can develop and implement long-term tax strategies that align with the company's goals. This strategic approach can lead to more effective tax planning and ongoing compliance.