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Competing interests
Key points
- Tax teams need effective management.
- Some general practice partners’ actions can be demotivating.
- Firms with poor or absent management of the tax team are taking big risks.
- The negative consequences of carrying on as before are ever growing and unwelcome.
- It is hard to resolve matters without effective leadership.
I recently heard about a long-established six-partner general practice firm with a multi-million pound turnover and four or five dedicated tax staff. None of the general practice partners want to manage the tax team and there is no senior tax manager or tax partner responsible for leading and managing the tax team.
Various problems were outlined to me. I was shocked but on reflection unsurprised that this still goes on. Indeed I fear this is an all-too common scenario in many general practice firms. I say this because of the feedback I received when I wrote about...
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