Business Planning, Tax Structuring & Succession Services

Whether or not you’ve undertaken remuneration planning before, the constantly changing tax landscape means it can be useful to review whether a more tax-efficient remuneration package could be established.

The process is tailored for each client; however, it will usually involve an initial meeting to discuss your desired outcomes. Following this, we will prepare a report which either sets out our recommendations or provides a summary of options to support further discussion.

There are a number of options available for bringing family members into the business, including issuing shares, setting up alphabet shares and transferring shares during your lifetime. The most appropriate option will depend on your specific circumstances and desired outcome.

With HMRC reducing the relief available for business assets and keeping other reliefs frozen, more estates are being brought into the scope of Inheritance Tax.

Business succession planning is the process of preparing for the transfer of ownership, management or control of a business. Effective planning helps ensure continuity, protects business value and provides clarity for future owners and stakeholders.

Ideally, succession planning should start several years before any planned transfer of ownership or retirement. Beginning the process early can provide greater flexibility, allow time for tax planning and help ensure a smoother transition.

Without a clear succession plan, unexpected events such as retirement, illness or death can create uncertainty for the business, employees and family members. Planning ahead can help minimise disruption and support long-term business stability.

There are a number of alternatives to family succession, including management buy-outs, employee ownership structures and sales to third parties. The most suitable option will depend on your personal objectives, the nature of the business and the future plans of those involved.