In 2023, Jerroms Miller collaborated with more than 120 clients, achieving a turnover surpassing £1 million and delivering tax savings exceeding £350 million. Their expertise extends across 10 countries, showcasing the range of their expertise.
A standout success story involved the owner of a market-leading fencing company who required advice for selling the company, having reached retirement age. Aiming to invest his earnings across various vehicles, Jerroms Miller set out to provide a detailed report on tax implications and efficiencies.
The team curated a number of tax-efficient strategies while retaining and distributing profits to his family. This counsel enabled the retiring owner to structure his investments to optimise current tax benefits and navigate future inheritance tax, ensuring financial security for his family.
Nick Wright, Director at Jerroms Miller said, “A client that required a variety of taxes and efficiency options can take many different paths, and not all of them are immediately obvious or correct. Our team thrives on challenges like this and it’s always fulfilling to see a positive outcome for all parties. This project perfectly encompassed our signature blend of successfully addressing a technical and complex taxation request, with an optimistic, curated, client-centric approach.”
That’s not all. Alongside client work, it’s just as important to stay close and be involved in shaping the sector. Part of Jerroms Miller’s proposition is to actively engage with policymakers and tax authorities, contributing to the evolution of tax legislation.
The firm participates in HMRC tax consulting groups and has influenced consultations on the taxation of Employee Ownership Trusts (EOTs) and Employee Benefit Trusts (EBTs), as well as the modernisation of Stamp Taxes on shares. Not only does this keep tax legislation and processes tight, but it allows the firm to enhance the overall industry's reputation.
Jerroms Miller exemplifies how a specialist tax firm can achieve national recognition, through expert advisory services, active engagement with policymakers, and a commitment to knowledge sharing to their community. The firm's success stories and accolades demonstrate its capability to go above and beyond, fostering trust first, and exceptional results, second.