The difference between accounting and tax advice
We often use an analogy of a car to explain the services that we offer. An accountant is your rear-view mirror, reviewing what is behind you and how best to deal with it. A financial planner is the windscreen; we look up the road to the future and plan how to get you to where you want to go. In practical terms, your accountant will administer your tax affairs, such as helping you complete tax returns. Your financial planner will provide tax advice and help to mitigate your tax position moving forward, through suitable tax efficient strategies. In real life, the best service you can get is when your accountant and financial planner work closely to ensure the road behind and the journey ahead are as smooth as possible, something we pride ourselves on when giving personal tax advice.