Succession planning
Ensuring the smooth transition of your business and assets according to your wishes.
Any succession planning should start well in advance of your planned exit.
Our Private Client services team can help you explore your options to ensure that the transaction is tax efficient, meeting your business and personal goals.
Choose the right route
Compare the commercial and tax implications of a trade sale, family succession, management buyout or Employee Ownership Trust (EOT) to identify the best option for your goals.
Choose the right route
Prepare and protect
Bring together advisors with the right experience to address potential obstacles, protect value and deliver a tax-efficient transition that serves the company’s best interests.
Prepare and protect
Life after exit
Put a strategy in place to protect and manage your wealth while creating the freedom and financial confidence to pursue new ventures, travel, hobbies or philanthropic goals.
Life after exit
Life after exit
Tax planning to protect your wealth, new business opportunities, hobbies, travel and philanthropy.
Life after exit
Getting your business ready for sale or succession
Whether you’re moving on to pursue new ventures, seeking a lifestyle change, or planning for retirement, preparing your business for succession or sale is an important step in your exit strategy.
Letting go of your business can be emotional and stressful. Having a well planned strategy in place is the key to ensuring a smooth transition, with tax always be an important consideration.
Getting the right advice as early as possible can help minimise the tax that would otherwise become due, leaving you to enjoy more of the proceeds.
Interactive Business Cash Extraction Calculator
Entrepreneurs are acutely aware that they pay a lot of tax and are highly motivated to mitigate their liability where acceptable. One of the most popular ways to reduce tax liability has been to consider options for income extraction. Historically, the answer has almost invariably been dividends. Successive budgets, however, have narrowed the dividend advantage. Now, a better answer is, 'it depends.'
Our interactive calculator helps approach this complex topic in a non-technical way. Used correctly, it helps you see the net spendable cash left after all taxes, which can then be considered along with other differentiating factors compared with a director/shareholder of a company, based on a chosen level of business profit.
Our latest thinking
Our specialists will provide a clear overview of the upcoming changes to help you navigate the new landscape.
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