Hugh Davies & Co provide a complete range of financial & accountancy services and products that keep you in control. We give you access to tried and trusted techniques combined with many years of professional expertise. This combination allows us to compliment your business expertise and contribute to the success of your business.

Contact Details

  City Salisbury
  Postcode SP1 2AS
  Address 35 Chequers Court/Brown St
  Phone Number 017 2233 6647

From Our Website

Hugh Davies & Co looks after and supports a particular segment of society, the small business community - men and women working in a diverse selection of trades and professions who have taken the personal responsibility to make their own way in business rather than become employees of someone else. It is tough in business, but potentially very rewarding. We help our clients to navigate the regulations, keep their noses clean, and avoid paying more tax than they need to. Hugh Davies arrived in Salisbury in 1986 and was a partner in a number of firms before setting up his own practice in 2001.

Hugh specialises in business and tax planning. He knows his way around Sage and Xero and is happy to roll up his sleeves from time to time. Cooking, music and drinking wine (often at the same time) are what relaxes him after a hard day in the office! Karen manages the accounts department, supervising members of the team, and likes meeting and working with clients. If she threw a dinner party and could invite anyone her top two guests would be Mr Kipling and Dolly Parton! Michael manages the personal and company tax affairs of our clients and has recently completed his CTA studies Outside of work his young family keeps him out of trouble.

We are here for you. We use our experience and specialist knowledge to help you and your business. We offer a broad range of services, but it is much more than the standard accounting, tax and business advice. It is about being available to help you, understanding your business and tax needs and providing you with the peace of mind that these important matters are dealt with by people you can trust.

With the UK leaving the European Union in less than a month, have you considered how this will impact the services you supply to or buy from the EU? You may not even think it will but are you aware that any services you buy from the EU will be subject to the 'Reverse Charge' mechanism? Under this mechanism, even though your supplier may not have charged you VAT you may still have to declare Output VAT on the invoice at the UK VAT rate in box 1 and then reclaim it as input VAT in box 4. Another raft of incentives and give-aways to support the economy at a critical junctureas we emerge from lock-down and anticipate the ending of the job retention scheme.

A capital gain arises when certain capital assets are sold at a profit. If you are considering selling a 'business' asset please contact us to determine whether you may be entitled to Entrepreneurs' Relief. Buying a house? Creating or assigning a lease? In transactions involving property the purchaser is required to pay SDLT. Check out our helpful guide to find out how much this could add to your overall purchase price. The cost of purchasing 'capital' equipment is not a tax-deductible expense when calculating a business' trading profit.

Blue Bee based at Old Sarum are happy to give a special deal to our clients. Whether it is a new website are developing a social media campaign they can be relied upon to provide good value. Hugh Davies & Co have recently partnered with Funding Circle, the leading online platform for small business lending in the UK.