Bristol-headquartered specialist R&D tax consultancy ForrestBrown has appointed Peter Reynolds as director – capital allowances to further extend its offer for innovative businesses.
Capital allowances specialist Peter, pictured, brings 20 years’ experience advising FTSE 100 companies on fixed asset management and commercial property tax relief. 
Previously a tax partner with a top 10 accountancy firm RSM, can also call on extensive project management experience in the construction sector.
This enables him to effectively translate information from commercial property teams for tax and accounting processes, reducing the risk of misinterpretations and ensuring accuracy and consistency.
His advice will be relevant for all clients who buy, sell or incur expenditure refurbishing commercial property to ensure they optimise the tax reliefs available, particularly those in the retail, engineering and manufacturing sectors.
His appointment further underlines ForrestBrown’s commitment to supporting clients large and small through the innovation lifecycle across a range of incentives and tax reliefs.
ForrestBrown managing director Sara Brigden said: “This is another significant appointment for ForrestBrown.
“While R&D tax relief remains our core focus, clients consistently tell us they want our help with other tax reliefs related to innovation.
“By bringing Peter into the team, we can now deliver another key piece of the innovation funding jigsaw, ensuring clients can view the big picture when planning their investment.”
Peter, who was also managing director of FTI Consulting for more than eight years, added: “I’m excited to join ForrestBrown at a pivotal moment for many innovative businesses in the UK.
“With new rates for R&D tax relief now in force and the introduction of full expensing for capital allowances, it’s never been more important to understand the wider innovation tax landscape, of which capital allowances are a key component.”
ForrestBrown, the UK’s leading consultancy of its kind, has grown rapidly since it was launched 10 years ago by Simon Brown after he identified an acute need from innovative companies for highly targeted R&D tax credit advice.
It was acquired in 2018 by alliantgroup, the premier provider of tax credits and incentives in the US, and now has more than 120 staff across its offices in Bristol, London and Glasgow.
