Business Support
Providing you with the information you need to run your business.
Our team of chartered accountants can advise you every step of the way and help navigate any developments or challenges that may arise.
How we can help
Are you looking for a one stop shop for all of your business service needs?
We pride ourselves on being able to assist you with all business service needs from cradle to the grave. Whether you’re starting up a business, considering sheltering important assets in your company, making a will, or exploring the tax implications of moving abroad long-term, we can help!
Get in touch
Are you considering selling your company or business?
We have extensive experience assisting shareholders and business owners with a sale. Whether it's marketing your company or business, advising you on how best to prepare for the sale, retaining certain assets you want to keep in a tax-efficient manner, assisting with due diligence enquiries, or advising on how to structure your estate for inheritance tax efficiency following the sale, we are here to help!
Get in touch
Have you received an enquiry letter from HMRC saying you may owe them tax?
An enquiry from HMRC is a serious matter that needs to be dealt with promptly and appropriately. It may be due to an entirely innocuous reason, or it could be that HMRC is aware of income or capital gains tax that is due. We are here to help resolve any inquiry from HMRC on your behalf and, importantly, to ensure that your tax affairs are in order going forward. We have extensive experience in the area, including code 9 settlements as an alternative to prosecution.
Get in touch
Do you think you are paying too much tax in remunerating yourself from your business or trade?
Some 90 years ago Lord Clyde said, “No man in the country is under the smallest obligation, moral or other, to arrange his legal relations to his business or property as to enable the Inland Revenue to put the largest possible shovel in his stores”, we quite agree! We are here to assist you in planning tax-efficient remuneration.
Get in touch
Are you considering buying a business or company?
There are many commercial and tax considerations to be deciding upon before buying a business or company. How are you going to raise finance or funds? How should the purchase be structured? Will there be significant cash flow impacts? How much due diligence is needed? Is a share valuation needed? What stamp duty and VAT implications are there? How will this needed to be accounted for in your statutory accounts? We are here to help with this and more.
Get in touch
Are you thinking about incorporating your sole trade or partnership?
The thought of having unlimited liability on your personal assets is undoubtedly a scary prospect. It may be that you have thought about incorporating your business into a Limited company or LLP that offers more protection from personal liability but find it a daunting process with potential tax pitfalls. We are here to help with that big step for your business and can offer advice for the most tax-efficient process of incorporating.
Get in touch
Are you considering alternatives to selling your company or business?
It might be that the industry is not at the right point to sell your company or business, or that you are concerned that your staff may be at risk with new owners and you would be more comfortable if key members of staff took the reins. There are alternatives to a sale of a business, you may have heard of Employee Ownership Trusts, or management buy-outs, we have extensive experience in these areas and would be happy to assist!
Get in touch
Are you considering creating a will or amending a will you previously made?
Having a will and checking it to ensure it is practical and deals with all of your assets and wishes is essential for ensuring your affairs will be dealt with properly. If you haven’t made a will before, it can seem like a minefield and hard to know where to start with the legalese that you may have seen in other wills. We can help with explaining the jargon and options in simple terms so you have peace of mind. We can also assist in making an amendment by a codicil or making a new will.
Get in touch
Are you considering the use of a trust, in either your lifetime or in your will?
Trusts are complex and only for the super-rich, right? Wrong! Trusts can be flexible and tax-efficient, serving various purposes: protecting assets until children reach a certain age; ensuring care for disabled family members; to move assets from your estate for inheritance tax planning while offering the protection of a trust and much more! We can explain trusts in simple terms and help you create one.
Get in touch
Are you a UK resident moving abroad? An overseas resident who has UK income? Or an overseas resident that is moving to the UK?
Whether you are moving to the UK from abroad, moving away from the UK or simply have income in the UK while living abroad, there will most likely be UK tax implications to this. The rules are complex but there are many planning opportunities for tax-efficiency. We would be pleased to help you!
Get in touch
Have you sold a residential property and are wondering whether there are any tax implications?
Since 6 April 2020, taxpayers must notify HMRC and settle capital gains tax within 60 days of selling residential property. There are exemptions, however if you are a landlord with buy to let properties or inherited the house from somebody’s will, it may be that you need to report the sale and settle any capital gains tax promptly! We're equipped to assist you with this often overlooked capital gains tax compliance and help you decide whether you can claim any reliefs against capital gains tax.
Get in touch
Do you live outside of the UK and have sold a property that you own in the UK?
It’s likely that you will need to report the sale and settle any UK capital gains tax within 60 days. There are some reliefs from tax that you may be able to claim, such as double taxation relief if you have paid tax in the country you live in. We would be pleased to assist you in submitting any necessary capital gains tax returns and assessing any reliefs you can claim.
Get in touch
Are you looking to change your accounting systems to SAGE, Xero or QuickBooks? Or link your already existing systems to an online accounting system?
With the help of our sister IT company, we specialise in understanding where accounting system efficiencies can be improved, or linked to a pre-existing online accounting system. We would be pleased to assist you with this.
Get in touch
Sign up to our newsletter
and get the the latest news and updates from us delivered straight to your inbox
Dudley
Finch House, 28/30 Wolverhampton Street
Dudley, West Midlands, DY1 1DB
When visiting please use the entrance through our car park gates, not the front door
Tel: 01384 456 780Contact Us
Send us your queries and questions and a member of our team will be in touch.
Follow us:
