Why your exit strategy is an important part of your business plan
Do you think an exit strategy and plan is only needed at the point you are thinking about exiting your business? WRONG! All too often we see business owners leave planning their business exit strategies until the last minute, when they’ve already made the decision to leave the business. The earlier you establish, plan and […]
The Chancellor, Jeremy Hunt, today delivered his Spring Budget. With a general election this year, it is the last chance for the Chancellor to help to ‘shift the dial’ prior to the election. Unsurprisingly, the Chancellor has chosen to direct the key tax savings at the voters themselves rather than business. Below, we look at […]
Graham Wallace For many business owners the transition to hybrid and home working for their employees has at times been difficult to manage. Understanding and managing the overall impact on the business, employee’s wellbeing, company culture, working relationships, collaboration and communication has been a key focus for business leaders in the last few years. However, […]
As we near the end of the 2023/24 tax year in April, our year-end tax planning guide provides valuable information that may positively impact your tax bill. Take a look at the guide today to ensure you’ve considered all areas of personal tax and utilised all your tax reliefs and allowances before the end of […]
Have you considered implementing an Employee Ownership Trust (EOT)?
Employee ownership trusts can be a great way to incentivise your company’s employees and as an exit and succession strategy for business owners. An Employee Ownership Trust (EOT) is a tax incentivised scheme that transfers control of a business for the benefit of employees. They can be used to motivate and retain staff as well […]
If you haven’t heard about the Economic Crime Levy (ECL), you may be in for a surprise: it covers a range of entities – and it’s imminent.
Corporate tax planning and why it is important to your business
Corporate tax can be a minefield of changing regulations, with new rules each tax year. Getting the right corporate tax planning advice can make a huge difference to your profits and the growth of your company.
Why you should hold investment activity outside of a trading company
Reviewing your business structure and splitting off parts of your business to hold investment activity and assets outside of a trading company can help to minimise risk, prepare for sale and support business growth.
If you hold assets in your own name, these assets may be subject to Inheritance Tax (IHT) on death as well as profits earned during your lifetime being charged to income tax at rates of up to 45% if you are an additional rate tax payer. A family investment company (FIC) could be used for […]
Do you hold your core assets, including property or cash reserves in your trading company or on one single balance sheet? If you do, your business will be open to a degree of commercial risk. Reorganising your business by creating a group structure enables you to ring fence assets in a holding company which protects them from […]
New measures affecting pension allowances announced in the March Budget could mean your retirement planning strategy needs to be reviewed.
Undertaking a business reorganisation can be used to split off parts of your business and can help to minimise risk, prepare for sale and create efficiencies.
