Derek Boughton

FCA

Partner

Business & Tax Services
+44 (0)1295 250401

I joined Ellacotts as a Partner in the Business and Tax Services (BaTS) team in November 2010. My role is to assist clients in solving their problems.  This usually involves remuneration planning – how should money be taken from a business, VAT issues and the impact of various taxes such as Corporation Tax, Income Tax, National Insurance, Capital Gains Tax and Stamp Duty.

I have been in Banbury since 1987 and, before joining Ellacotts, I was a Partner in another local firm of Chartered Accountants. Before coming to Banbury I had qualified with a Big Four firm and, after that, I gained further experience in the local area.

I am a FCA of the ICAEW (Fellow of the Institute of Chartered Accountants in England & Wales).

For many years I have been passionate about Cloud Accounting having been an early adopter of the technology. Now with businesses facing ever growing demands Cloud Solutions are well placed to meet those needs with access to up to date data being available anywhere with an internet connection. At Ellacotts we are now Xero Platinum Partners, a Cloud Solution at the forefront of meeting business needs.

Some of the most rewarding work is assisting a business to grow and develop. A client was initially a small start up and I provided outsourced bookkeeping, VAT, and monthly management accounts. Over the years, the business grew and then parts were disposed of and finally the business was restructured through a management buy out. The business is continuing successfully and I am still working with them.

It is great to be able to help clients every day and my fellow specialist Partners and colleagues assist with providing support so a complete holistic service is provided. Most days I do not know in advance what problems will need solving but it is great at the end of each day to consider what has been achieved in resolving a client’s issues.

I have been married since 1992 to Helena and away from the office I like to play cricket for a local village team but recently more time seems to be spent umpiring rather than playing!

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