John Nugent launches new tax & estate planning service for Equiom
Equiom has announced the launch its new tax business – Equiom Solutions Limited.
The new service will provide tax and estate planning for Isle of Man resident individuals, their businesses and family arrangements. It will also be offering a specialist service providing an on Island tax compliance and consultancy function for fiduciary service providers.
Equiom’s Group Managing Director Sheila Dean commented: “I am delighted to be able to launch Equiom Solutions so swiftly following the successful completion of a Secondary Management Buyout in September 2013. Equiom offers a market leading proposition and has been successful in enjoying a period of steady growth. The addition of a tax services department to service the local market is an exciting development for us. Our team has a first class reputation amongst the clients and intermediaries they have built relationships with. We look forward to working with them to ensure that their clients receive a seamless service from a team they are familiar with”.
John Nugent, new Managing Director of Equiom Solutions added: “The tax team and I are very excited about this move. The result is a brand new venture for the Island; a tax and estate planning service that focuses on Isle of Man residents and the particular issues they face. The service will be provided by a group of 16 tax professionals plus support staff, enhanced by Equiom’s other specialist services. We will work closely with other professionals on the Island to ensure that our clients receive the most appropriate legal and accountancy services. I therefore believe that this is good for our existing clients and offers a one stop shop for the tax compliance and consultancy needs of Isle of Man residents”.
Equiom has also acquired Island fiduciary West Corporation Limited. This means that the Equiom Solutions tax advisers will continue to have access to its specialist executorship and estate services. John Nugent was formerly Chairman of West Corporation and BDO Isle of Man.
Equiom now employs over 160 people across three offices in the Isle of Man, Jersey and Malta. Its growth in recent years is as a result of its high quality service offering to customers, alongside considerable investment in its operational and sales drive. The transaction is part of Equiom’s growth strategy following the completion of a number of acquisitions in addition to the group’s expansion into Jersey and Malta.