9 May 2012

Marc Shenken appointed new Head of Tax

Haines Watts, the fast-growing accountancy firm, has appointed Marc Shenken as new Head of Tax for the Scottish practice.

Marc Shenken joined Haines Watts in September 2011 after working for Big 4 firms PwC and Deloitte. A specialist in advising SMEs and their Directors on tax strategies, Shenken believes Scotland’s businesses could make significant tax savings with more effective tax planning.  He said:

“Most SMEs are understandably focused on sales, and improving business operational efficiency.  But we often find that if a little more time was invested in the management of their tax, a significant saving can usually be made. Good tax planning can be a very profitable investment in time, both for the business and for the directors running the company, who often have more complicated tax issues.”

He added: “Some of the areas in which good savings can be made for the business are the effective use of Annual Investment Allowances, ensuring all reliefs are applied and making maximum use of company pension planning. For the individual, there are very attractive tax planning options including Venture Capital Trusts and strategies that allow for the careful withdrawal of cash from their businesses.”

Marc Shenken will be responsible for leading the development of Haines Watts Tax Practice across Glasgow and Northern Ireland.

Haines Watts recently announced plans to grow fee income in Scotland by more than 50% to over £7m by 2014, and is recruiting in order to support the expansion strategy.

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