New firm offers help to companies facing taxman

Link: The Debate: Money laundering regulations

Bridges & Partners, a specialist tax dispute resolution firm, opened for business on Monday, coinciding with the launch of the new money laundering regulations.

Martyn Bridges, Frank Brannigan and Alistair Munro are poachers turned gamekeepers, having previously worked for the Revenue. In particular, Brannigan is an ex-director of the special compliance office.

The trio, who left Deloitte to set up the new venture, also hope to capitalise on companies’ reporting obligations under the new money laundering regulations by providing compliance systems.

In a separate development, David Buchler, the turnaround specialist and chairman of Tottenham Hotspur FC, has launched his own turnaround business.

Buchler and colleagues at the new firm, DB Consultants, will take on executive appointments as company directors in the UK and Europe – a move he claimed almost no turnaround businesses are prepared to take.

Buchler said: ‘I hope my new organisation will capitalise on over 30 years of experience in this field and provide credible alternatives for those confronted with issues and problems that require an executive solution.’

London accountant Buchler is a former president of business recovery body R3 and co-founder of turnaround firm Kroll, previously Kroll Buchler Phillips.

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