Is it time to try it on for size?
In the retail sector we think of a boutique as an independent shop that offers some form of specialised services, such as ‘up-market’ ladies’ fashion. The dictionary definition of boutique refers to its origins in the French word for shop and the idea of a specialist offering – what the dictionary doesn’t convey is the idea of kudos and high quality that the word boutique confers. Tax boutiques similarly offer a specialist service; they are independent practices which specialise in tax advice and in the main don’t have an audit practice or a national string of offices. They sell themselves on being experts in taxation rather than general accountancy practices.