Running a business can be a very rewarding experience, but there are a lot of demands from many different sources, not least of which is the taxman

VAT

Value Added Tax affects all businesses. When introduced in 1973 it was hailed as a simple tax but in reality it is far from that. Its rules are particularly complex and its effects are often not considered until it is too late.

Corporate tax planning

Corporation tax represents a substantial part of any business' trading costs

Exit strategies

If you have a business, one of the many things you need to consider is your exit strategy. Will you withdraw from the business, leaving it for the next generation, or will you hope to sell the business? If you intend to hand the business over, do you have a workable succession plan? If you intend to sell, how will you value the business, find a suitable buyer, etc.? Are you aware of all the tax implications of the timing of disposals?

We offer advice to help you minimise your tax exposure. These include:-

• Advising you on the most tax effective structure for your business
• Maximising tax opportunities and reliefs
• Achieving the most appropriate capital or revenue tax strategy
• Making the most of tax opportunities specific to your industry