Grist’s advice is his bond. He sees his role not as a retained bean counter, but as a trusted facilitator who can recognise a client’s trajectory to wealth early on in their career. Once he has established that relationship, he believes the only good service is long service. ‘All our partners are born and bred at Dixon Wilson, we’ve all been here all our careers and will spend all our careers here.’
He warns that following the establishment of the General Anti-Abuse Rule (GAAR), the Revenue can act retrospectively.
Grist’s advice is to make sure ‘any structuring you’re doing is for legitimate commercial purposes and passes the smell test. There need to be reasons to do it other than tax — which is no bad thing.’