Owner managed businesses
Who would find this service useful?
No business is the same and businesses themselves are constantly evolving. When you consider the personal requirements of the owner manager as well, it can be difficult to obtain advice that takes account of the issues affecting the business and the individual.
What we can offer our clients
Tax planning services for ongoing issues:
- tax planning for the family ownership and passing down to the next generation, including inheritance tax planning
- husband and wife businesses (including post Artic Systems/Jones v Garnett review)
- share incentive schemes for key staff
- tax efficient withdrawal of profits by use of: salaries, dividends, pension planning, company loans, share options and Employee Benefit Trusts
- exit planning
The stages of the business cycle also bring different tax considerations:
| Stage of the business cycle | Tax issues |
|---|---|
| Incorporation or setting up a partnership/LLP | Capital gains tax & Incorporation relief |
| Retention of ownership of business premises | |
| Continuation of business reliefs | |
| Terminal loss reliefs | |
| Growth, both organic & by acquisition | Continuation of business reliefs |
| Servicing finance and interest expenses | |
| Sale/part sale of the business or operations | Share valuations |
| Capital gains tax planning | |
| Group company tax issues | |
| Retirement/death | Share valuations |
| Inheritance tax planning | |
| Pension planning |
With support available from other departments:
- audits and account reviews – Assurance & business services
- corporate tax and international tax planning – Corporate tax
- VAT and SDLT issues – Corporate tax
- payroll – Payroll team in Assurance & business services
- raising finance – Corporate finance
- looking for business partners or exit plans – Transaction Services
- pension planning – Pensions & financial planning
- family office services – Family office
- investment of funds – Investment management
FAQs
To find the answers to a number of frequently asked questions about this subject visit the FAQs on the right hand side of this page.
Contact us
If you would like some further information, please contact:
email: Ian Grant
tel: 020 7131 4355
