Succession Planning

Succession Planning

For many business owners, there comes a point when it is time to consider passing the business they have built up on to the next generation. This may mean passing the business baton on to the next generation of the same family or it may be about bringing on a management team.

There are many diverse and complex matters that any business owner needs to consider including business and share valuations, financing arrangements, introducing family members as partners or directors, transfer of voting powers, tax efficiency and protection of assets.

Succession planning is something that should begin well in advance of any change of ownership of a business. We can work closely with you to help you put a strong and, ultimately successful, plan in place.

Personal tax planning

Phillip Bates & Co Financial Services Ltd can help with the complex issue of personal tax, we know it can be difficult to understand, which is why we help every step of the way. We take away the time and stress by creating a tax planning strategy that suits your tax affairs, helping ensure you pay the least amount of tax. Our team will advise when payments are due along with what forms need to be filed and returned to keep you compliant.

Capital gains tax

You may be looking at investments, a second property or another asset and our team can make sure you maximise your exemptions while simplifying the difficult area of capital gains tax.

Self assesment

Our tax services make sure that your tax liability is calculated taking into account all allowed exemptions and deductions. We simplify the process by using accountancy software to accurately complete tax returns and calculate any tax liability that may occur, along with any payments that need to be made.

Corporation tax

Corporation tax reliefs and rates change annually, so we ensure that we can provide all the right guidance and advice when looking at exemptions, allowances and deductions that may be available. We will thoroughly review and prepare corporation tax returns in great detail in order to ensure you are complaint and that you don’t incur any penalties.

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For your free first meeting with us and to discuss your requirements, contact our team who will be happy to help.
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