Further Team Expansion

Richardson Swift Chartered Accountants have appointed a new head of personal tax in order to strengthen their existing tax team.

Bath based Calvin Healy, has joined Richardson Swift after gaining substantial experience in the Bath office of national firm Moore Stephens.

After graduating from the University of Bath in 1999 he moved into accountancy and gained his ACA (Associate Chartered Accountant) qualification in 2003. Calvin’s main area of interest was tax and he subsequently gained CTA (Chartered Tax Advisor) status before moving to a Tax Manager role during 2007 where he gained a broad range of expertise, mainly focussed on private client tax affairs.

As well as overseeing the firm’s personal tax compliance function, and in addition to various technical personal tax issues, Calvin will be providing specialist tax planning advice to Richardson Swift’s growing number of private clients. His specialities include advising on inheritance tax related matters, trust and estate planning, property taxation and UK tax residence issues.

One of Calvin’s current topics of interest concerns homeowners and the tax reliefs available on the sale of property. Over the past year there has been a growing number of court cases concerning principal private residence relief reflecting H M Revenue and Customs activity in this area. Calvin adds “This is no surprise considering that property ownership is a national obsession and coupled with the fact that property prices have soared over recent years - the relief is therefore of great interest to taxpayers and HM Revenue and Customs alike”.

Calvin is also keeping a close eye on the proposed changes to the rules surrounding the right to elect which property is a taxpayer’s main residence. Under current rules if a taxpayer has two residences it is possible to formally elect which one should be considered the main residence. The proposed changes may lead to a withdrawal of the right to elect which could have significant tax consequences.

Also joining Richardson Swift is Catherine Edwards, who will be taking on the role of audit manager. Catherine will play a key role overseeing auditing processes on behalf of Richardson Swift's many business clients. The firm has seen growing demand for its specialist auditing services among owner-managed businesses of all sizes.

Catherine was previously an audit manager with Baker Tilly, based in their Bristol office, looking after a varied client portfolio of business and charity clients. Prior to this she oversaw the audit team of Bath firm Robson Taylor until their merger with Baker Tilly in 2010, and this role sees a return to working closer to her home in Bath.

Catherine joined Robson Taylor in 2002 as a part qualified trainee in the audit department, progressing through the roles within the department to manager. She qualified as a Chartered Accountant in 2004. The majority of her experience is in working with owner-managed businesses, large and small, and across a variety of sectors. Recent years have seen increased audit regulation, Catherine is practiced at ensuring the compliance requirements are met efficiently whilst identifying areas where businesses can improve their internal systems to develop robust processes and controls.

The ongoing convergence of UK Accounting Standards with International Accounting Standards will present new challenges for Limited companies in the coming years with the introduction of new accounting standards, FRS100 to 102. These change the regulations regarding the presentation of a number of items, such as goodwill and investment properties. Catherine will be identifying the relevant areas for each of Richardson Swift’s clients to ensure they are aware of the impact on their own financial statements and that any information required for the transition is collated on a timely basis.

Please contact Calvin or Catherine for more information.