Hot off the press today – David Kilshaw is leaving KPMG.
David Kilshaw is Chairman of the KPMG’s UK Private Client team, which advises family offices, entrepreneurs and trustees on all aspects of personal taxation. He has now reached the Firm’s retirement age, as specified in the partnership deed, and will be stepping down as a KPMG partner with effect from the end of September.
Dermot Callinan, Head of UK Private Client Advisory said “David is an admired KPMG Partner who has contributed enormously to our Private Client practice over the years and we wish him every success in the future. Our London Private Client team of 30 specialists are in great shape: The business is growing and recruiting to meet that growth. Greg Limb and Mike Walker are leading that team into new and exciting markets with Jo Bateson, Daniel Crowther and Derek Scott our Directors. I am very confident that our plans for the future will see that success continue to develop”
Mr Kilshaw will not be leaving the tax profession, notwithstanding his retirement from KPMG, and is currently exploring other opportunities.
In addition to taxpayers with an annual income of more than £150,000 and wealth of between £2.5 million and £20 million, the unit will also cover those with wealth in the range £1 million to £2.5 million.
By the end of December 2012 the unit had brought in an extra £75 million in tax – well ahead of expectations – with a target of £586 million by the end of 2015.
Exchequer Secretary David Gauke said:
“HMRC set up the new Affluent Teams from some of the £917 million we made available in 2010. The team has made a great start by bringing in £75 million in additional tax that would otherwise have been lost to the country.
“The vast majority of people pay their way. Dodging tax is immoral, illegal and unaffordable and the minority who cheat are increasingly finding that, thanks to the work of the Affluent Team, they have made a big mistake.”
Roger Atkinson, Director of the Affluent Teams, said:
“In September 2012 the Government announced an additional investment of £5 million, enabling us to recruit an extra 100 inspectors. We will recruit from within HMRC and externally and the new team will be fully operational by April and focused on delivering an additional £75 million a year.
“We want to recruit people with external experience and appropriate qualifications for inspector and lead case director roles. We want people with recent commercial and corporate experience in personal tax to help us understand our customer base. This is an exciting opportunity to work at the forefront, tackling those who do not pay the right tax.
HMRC’s advertising agency has already contacted eTaxJobs about advertising some of these positions. If eTaxJobs is asked to be involved I will update this post with a link to the jobs.
UPDATE 30.113 – These HMRC jobs are now live on eTaxJobs as of today: http://www.etaxjobs.com/candidate/recruiter-jobs-hmrc-personal-tax-jobs-479.html
Top 20 accountancy firm Saffery Champness has today announced the appointment of James Hender as partner in the London office.
James joins the firm’s well-known Private Wealth & Estates Group firm from Smith & Williamson, where he spent nine years advising high net worth clients on a wide range of issues. James specialises in the financial services sector and has a range of clients that includes senior bankers, hedge fund managers and private equity specialists. Working closely with a number of non-domiciled clients, James has much experience of international tax planning.
With his vast experience and industry profile, James will be an experienced and authoritative addition to an already very well-established team. This appointment goes to reaffirm Saffery Champness’ drive to maintain and build upon its market-leading position in the private client space and comes off the back of a number of partner promotions in the last month.
On his arrival, James Hender commented:
“I’m delighted to be joining one of the country’s most highly regarded private client teams. When it comes to advisory services for individuals and their enterprises, Saffery Champness really is the best in the business and I look forward to continuing to build upon my practice alongside them in the London office.”
Managing Partner Jonathan Fox added:
“James’ appointment is excellent news for us. He has the talent and personality to make an important contribution to our team, and we believe that his arrival is testament to our success and prestige in this area. James’ move to the firm still further demonstrates our commitment to bringing in the best and the brightest talent – it is the only way to stay ahead of the game.”
Withers is opening a second office in Asia to meet the urgent demand from institutions and individuals alike for tax and trust legal advice, currently under-served in South East Asia.
The new office will be located in Raffles Place in the heart of Singapore and is scheduled to open its doors in May 2012, taking Withers’ international office network to ten. The Singapore team will include Jay Krause, a US qualified Partner specialising in servicing private clients, trust companies and financial institutions. Jay will head Withers Wealth Planning team in Asia and is acknowledged as one of the leaders in the field on the wide ranging impact of US IRS initiatives such as the Foreign Account Tax Compliance Act (FATCA) and voluntary disclosure. Jay will be joined by Philip Munro, a UK and Hong Kong private client tax, trust and estates expert. Further additions will be made in the coming months.
The expansion builds on Withers’ successful office opening in Hong Kong in 2008. Since then, the firm has been top ranked for its private client and wealth management legal services by Chambers Asia, noted as one of the top ten law firm to watch by Asian Legal Business in 2010 and named Matrimonial Law Firm of the year The Macallan ALB Hong Kong Law Awards 2011. The Singapore launch illustrates a growing need for integrated legal advice on complex cross-border tax matters amongst Withers’ global high net worth client-base, comprised of individuals and families, their businesses, and the institutions that serve them.
Margaret Robertson, the firm’s Managing Director comments:
‘Even when we opened in Hong Kong we knew it would only be a question of time before we set up in Singapore. Having a presence in both locations along with our offices in Europe and the US enables us to deliver integrated advice both quickly and directly to clients across Asia. I forecast that our Singapore office will grow as quickly as our Hong Kong office. ‘
Jay Krause explains:
‘Recent developments in international taxpayer information exchange have created an overwhelming demand for our US and international tax expertise in Singapore, as well as its South East Asian neighbours such as Indonesia, Philippines, Malaysia and Thailand, as well as India and Australia. This need is increasing daily as more and more Asian institutions begin to come to grips with the far reaching effects of the new US Foreign Account Tax Compliance (FATCA) legislation, requiring financial institutions and trust companies, among others, to identify their US clients and forward their details to local or US tax authorities.’
The Singapore office opening is subject to regulatory approval.
Jamey Rappis has been named partner in CliftonLarsonAllen’s Milwaukee office.
Rappis joined the firm in 2007 and is a leader in CliftonLarsonAllen’s Private Tax consulting practice. He has extensive experience in the areas of estate & gift tax, estate & business succession planning, and retirement planning.
Rappis leads the Private Tax consulting practice leveraging his tax and estate planning expertise across the firm to high net worth families and individuals. He is the firm’s lead in reviewing and monitoring legislative, regulatory, and case law activity and is responsible for providing a national tax presence on high level tax consulting with new prospects and current clients in the areas of estate planning and business succession planning. With more than 17 years of experience, Rappis is a licensed attorney and has an extensive background with a specific emphasis on IRS controversies, including field, appellate and tax court audit levels.
Rappis received his bachelor’s degree from Notre Dame and his Juris Doctor in law from Marquette University. He is a member of the Waukesha County Estate Planning Council, the Wisconsin State Bar, and the United State Tax Court.
Jesmond-based Square One Law says its entrepreneurial approach and willingness to abandon the old legal model is helping it to attract top talent from its larger rivals.
Stuart Hamilton joined at Christmas having previously worked at Ward Hadaway and Crutes, where he headed up the private client departments.
Stuart’s specific area of interest is strategic succession planning for business owners, whether it be retirement planning, succession planning to pass business interests to the next generation or through Trusts to prevent fragmentation.
Tom Gilman has joined Withy King as partner and head of the Private Client team in Oxford, where he will be helping clients with a wide range of personal matters, including Wills, inheritance tax, Powers of Attorney, Court of Protection issues, probate and the administration of estates, trusts and estate planning. He will also be working closely with the firm’s Personal Injury and Clinical Negligence teams to help clients safeguard and maximise their compensation pay outs.
This is a return to his roots for Tom, who first joined Marshall & Galpin, Oxfordshire’s longest-established law firm renowned for its private client work, as a trainee, where his father and grandfather were both partners in the firm. M & G merged with Withy King in 2008 to offer the full spectrum of legal services to private clients and businesses. Tom joins the firm from Manches, also based in Oxford, where he was a partner.
“I am very enthusiastic about returning to the firm and renewing my relationships with past clients and existing Withy King clients,” said Tom. “Having lived and worked in Oxford for most of my adult life, my career has given me a breadth and depth of experience which has helped me to understand the needs of the individuals and families here and offer them specialist advice for their particular circumstances. The legal industry’s independent directory, The Legal 500, recognises Tom as being “astute and approachable” and “capable and diplomatic”.
He has three young children, is a keen hockey player and cyclist having cycled from Paris to Oxford to raise money for Sobell House, and a school governor.
WTAS New York has promoted two staff to Managing Director.
Joseph R. Kluemper serves the international private client services practice
Carl C. Fiore is a lead member of the firm’s estate planning group
Fiore and Kluemper have both been with WTAS since inception in 2002.
“These three individuals bring a myriad of expertise to the table, including international taxation, family wealth planning and private equity services,” said Joe Toce, the firm’s Office Managing Director for New York.