Swindells can help smaller businesses, usually family owned or owner-managed, balance the company’s needs and tax implications against any personal liability or family considerations, within each tax period.
We can advise on the most efficient distribution of profit, from a tax perspective - whether that’s by salaries, dividends, pension planning, company loans, share options or Employee Benefit Trusts.
There are also tax planning issues to consider when selling a business and Swindells can help with the exit strategy - whether or not the business is being passed on to the next generation. Factors to consider might include: inheritance tax planning and share incentive schemes for key staff.
Growing businesses carry other tax implications.
Factors to consider might include:
- Selecting the most tax efficient trading style - limited company or partnership, for example.
- Capital gains tax planning
- Incorporation relief
- Retention of ownership of business premises
- Continuation of business reliefs
- Terminal loss reliefs
- Reliefs on cost of borrowing and interest expenses
- Sale or part sale of the business
- Share valuations on retirement or death
- Inheritance tax planning - Pension planning
Contact us
Further information is available from Swindells tax team. Contact Head of Taxation, Robin Stevenson by emailing robins@swindellsaccounting.co.uk
