Are you thinking of buying or selling a business? If so, we’ll make sure any transaction you do is structured in the most tax efficient way. Buying or selling a business is complex, and you may have the challenge of working with multiple advisers whilst running your business at the same time.
We’ll work with you through the process and make sure your tax planning is effective so that it maximises value. We’ll help you achieve the optimum tax position that’ll save you money. We’ll always consider your longer plan too, and so our advice on transactions will consider your succession plans and how you can protect wealth for future generations.
Could you structure your business interests and investments in a more tax efficient way?
When people first consider business structuring, it’s usually when they’re starting out on a new venture. Decisions are then made about whether you should hold business interests personally, together through a partnership structure or in a company. People often choose what’s best for them based on how much tax they’ll save on their income.
However, our advice on business structures is much broader than that. We’ll take the time to understand your personal and business objectives. We’ll then consider the optimum structure in the context of your overall position and your longer-term plans, ensuring that your wealth is protected and that you have a flexible and tax efficient platform for the future.
Most people come to talk to us about succession planning when they’ve sold their business and they don’t have a plan. Or, they’re reacting to a problem. It could be that someone’s fallen ill and they need to get their finances in shape. But for many of our clients their main concern is qualifying for Entrepreneurs’ Relief. And after that, their focus turns to having a strategy in place to manage their money and their assets in a tax efficient way.
If you’re thinking about succession planning, we can help. We’ll get to know you. We’ll put a plan together that considers how you can pass on money in different ways – whether that be shares or trusts. And then we’ll make it happen.
No one wants a letter through the post from HMRC. But if you receive one, you’ll want to act quickly. Revenue enquiries come in lots of different forms. HMRC could contact you about a range of technical enquiries from corporate tax to income tax or from PAYE to VAT. They’ll be wanting to check you’re doing everything right and they’ll be on the lookout for potential penalties.
We’ll work with you to mitigate those penalties, negotiate costs with HMRC and to make sure you’re operating in the most tax efficient way. We also work with businesses who’ve been involved in tax avoidance schemes and need a way out. We’ve years of experience working with HMRC and we’re surrounded by a wider tax team who can give tax advice in many specialist areas. There’s not a query we can’t help with.
You’re a shareholder or director in a company and you want to know how to pay yourself. Is it dividends? Is it salary? How much should you get? We’ll work out a reward strategy for you, your partners or employees that’s flexible, tax efficient and gives you lots of choice.
We’re also experts in tax planning for families and we often save them up to 30% of their income through careful planning and working with HMRC.
Don’t delay – we get the best results when clients come to us early in the year rather than after their year-end. To talk about how we can create a tax efficient reward plan for you, get in touch with Philip Rodgers on 07748 321010. Or, send Philip an email to firstname.lastname@example.org