For a multitude of possible reasons, shareholders or directors of a business may be considering to split their business up. Whether the overall vision of the business has shifted, future direction of individual components has diverged, or there are other strategic or operational reasons, ‘demergers’ are a common business restructuring solution. A demerger may appear […]
With President Joe Biden pushing to nearly double the rate of capital gains tax (CGT) for the US’s wealthiest individuals, could the UK soon be looking to follow suit? The US government has given strong indication that it intends to target the ultra-rich as a means to bolster public finances to combat the colossal economic […]
Despite the emotional aspect of discussing end-of-life financial planning, difficult conversations around inheritances and estate planning are critical for families to discuss in order to make better-informed decisions. According to Time investments, as part of a recent survey, the majority of Britons aged 55 and over have no idea what their inheritance tax bill will […]
With an ever-growing list of tax obligations for business owners to be aware of, an agile compliance approach is integral for operational resilience and growth. The consequences of getting your tax compliance wrong can cause a range of challenges for a business, from cash flow issues to lasting reputational damage. Avoiding this growing area of […]
If you’re considering expanding your business through acquisition, or considering a management buy-in or management buy-out, then an assurance that your venture is mitigating the risks is essential. What is due diligence? The Oxford Dictionary defines due diligence as “a comprehensive appraisal of a business undertaken by a prospective buyer, especially to establish its assets […]
Offering employees equity-based incentives has become commonplace, but many employers are unaware how to report these complex transactions to HMRC. What are employment related securities? Reporting of employment related securities (ERS) applies to all types of share award. It is the duty of the employer to ensure an ERS tax return is filed. The following […]
A key aspect to a business project’s success or for your business to see growth is raising the right type of capital. Whether you’re looking to fund acquisitions, facilitate a restructure or access short-term working capital, identifying the right source of funding for your business is crucial. Equity, debt or mezzanine? There are mainly three […]
Amidst a rising demand for holiday lets as the UK prepares for a ‘staycation’ boom this summer, the Treasury have announced that they intend to crack down on taxpayers incorrectly claiming their properties qualify as Furnished Holiday Lets. Furnished Holiday Lets are exempt from paying council tax and instead pay business rates, as well as […]
Alongside organic success, strategic acquisitions can be a great way to accelerate business growth. Why acquire? Strategic reasons to acquire another business may include: • bring in much needed resource, capacity or market share • address gaps in a business by portfolio diversification • reinforce a competitive position in an existing market or; • […]
Profit and turnover levels are often the two most prominent factors business owners consider. However, the significance of cash should not be underestimated. Increased cashflow scrutiny is often afforded in more challenging times, but can be equally important in supporting future growth plans. Challenging times Cashflow problems are typically one of the first signs a […]
