TWO senior tax advisers from KPMG and Pricewaterhouse Coopers have set up a consultancy specialising in the field of indirect tax.
The two partners in the business, known as Indirect Tax Consulting, will be former PwC director Michael Webb and former KPMG senior manager Keith Stewart.
The new business will be co-located and run jointly with another recently established firm, Corporate Tax Consulting, which was created by former Ernst & Young tax partner Ian Crisp.
Mr Webb said he had identified demand for the niche services to be offered by Indirect Tax Consulting.
As a small specialist firm, it is promoting its competitive edge as better billing rates than the big accounting firms and better access to senior staff.
Mr Webb said the partnership with Corporate Tax Consulting would enable the two firms to collectively provide a full tax service.
“The two companies will operate jointly,” he said.
“They are in the same building, we will have the same procedures and processes and our brochures and marketing material will have the same style.”
Mr Webb said he intended to recruit two staff in the short term and aimed to recruit up to eight staff in the next year.
This mirrors the expansion of Corporate Tax Consulting, which suffered an initial setback when Mr Crisp’s planned partner Dan Fogarty moved instead to be managing director of listed stationery company National 1.
Mr Crisp has subsequently recruited James Kennedy from Ernst & Young and Fiona Cahill and Jonathan Schneider from PwC and anticipates further growth, with demand coming from listed industrial and resource companies.
