Moving on from your business
Your ultimate goal in business might be to sell up and retire, move on to a fresh challenge, extract maximum capital, or hand over to another member of your family or an enthusiastic management team. Once we know your goals, we can help you develop and implement plans to achieve them.
If you’re looking to sell your business, we can help to ensure your finances are in order and offer advice to help you achieve the best possible value for your business. Business owners can find it stressful dealing with such a significant transaction, and it can be emotional parting with something you have worked so hard to create. We understand this and will be available at every step of the process to offer guidance and support.
If you’re looking to pass the business on to the next generation, or you have an enthusiastic management team ready to take over, we can help to ensure everyone is well prepared for the transition. This could involve making sure funding arrangements are in place to guarantee your economic return, or facilitating a smooth transition to ensure the ongoing success of the business for the new owners, which may be crucial to any ongoing or contingent income you are due from the sale.
However you plan to move on from your business, it is also important to consider the tax implications of any succession plans. Whilst tax will have a significant impact in any plans, it will not be the only consideration, and should not be the sole deciding factor. We will work with you to determine the best overall plan, ensuring the most tax efficient solutions for your specific circumstances.
It’s never too soon to start speaking to us about your succession plans. With early engagement we can:
- Help maximise the value of your business, trimming unnecessary costs, and making your business more attractive to a potential buyer.
- Help obtain funding for management buy-outs.
- Help with a smooth transition, preparing those taking over for the additional responsibilities they face, to safeguard the future success of the business.
- Help identify any specific tax implications early, and take advantage of any time-sensitive tax reliefs.
If you’re thinking about your ultimate goals in business and want to discuss these with a member of our team, please do not hesitate to contact us.
Request a call back
Arrange a time for us to call you and we will be happy talk to you about how we can help you with your Accounts and Tax.