Our experience is that any tax planning must be tailored to the individual circumstances of the client and that ‘one size fits all’ tax planning may not meet their particular needs. This is especially true for those with complex tax…
A company may purchase its own shares from an individual shareholder whereby they are effectively cancelled so that any remaining shareholders’ interests are increased. Regardless of the applicable tax treatment, there are a number of company law requirements which need…
Research and development (R&D) tax relief is a corporation tax relief that is available to companies who undertake research and development work on projects seeking to achieve an advance in overall knowledge or capability in a field of science or…
Company restructures can take many different forms and will often depend on the reason for the restructure. Arrangements can include: Purchase of own shares Statutory demergers Non statutory demergers Capital reductions Establishing holding companies Management buyout special purpose vehicles, There…
The sale of an owner managed business is often the result of many years of hard work by the director shareholders so they will want to ensure that they do not pay more tax on the sale than is necessary. …
Valuing shares in a private limited company is a very subjective exercise and there are a number of different methods that may be applied. In many cases, it is most appropriate to adopt a valuation based on the earning ability…
A key concern for many business owners is succession planning for when they wish to partially or fully withdraw from their business. The options available will often depend upon a number of factors such as the availability of a third…
HM Revenue and Customs may open a tax enquiry for a number of reasons including: To review an irregularity in a tax return such as employment income which differs to their employer’s records To review a number of unusual entries…
The use of a trust can be a useful asset protection or tax planning vehicle. However, trusts are subject to separate tax rules compared to individuals and therefore these need to be considered to ensure that the operation of the…