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Business trading styles may be that of a sole trader, partnership or company.
Each brings its own legal, regulatory, taxation, administration demands. Smaller
and medium sized enterprises (SME's) are the bedrock of UK employment, where our
specialist and valued services can be of great assistance.
A business financial planner sits with the business owner to advise on a multitude
of issues/needs of the smaller business. Being a business owner can be very demanding,
isolated/lonely and risk taking. It is not suited to everyone. It may also be extremely
challenging and financially rewarding. Small business management is often geared to
short-term objectives/goals and neglects the importance of personal, retirement and
protection planning necessary for success. Our support of the smaller business from
"entry to exit" ensures the longer-term planning cycle is met and maintained. Our
regular review meetings targets, agendas, checklists, minutes progress and
co-ordinates the business and personal financial/tax affairs of the business owner.
Some goals, objectives, wishes our business clients have identified are;
- source finance for expansion/purchase of premises
- appraise the business needs and forward 3 year plans
- identify and plan cash flow requirements for the coming year
- set up and advise on a Company Occupational Pension Scheme for directors and senior employees
- establish a procedure for annual budgeting
- provide business protection for loss, through death/illness to key employees
- review employee benefits and introduce an element of choice to a given budget
- complete tax compliance returns under self-assessment
- introduce a Company personal pension plan for employees
- advise on changes to the mode of trading from sole trader/partner to a Company
- increase profitability
- reduce costs of operations/expenses of trading
- review partnership/sole trader tax computations
- recruit my successor
- help the Tax Authority investigation team are here!
- complete monthly VAT returns and advise on future strategy
- suggest a tax effective means of exit from my business, given my retirement at 60 years.
- invest the proceeds from my business sale
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Financial Planners.co.uk
Gretton House, Waterside Court, Third Avenue, Centrum 100,
Burton Upon Trent, Staffordshire, DE14 2WQ
TEL: 01283 740600 FAX: 01283 511899
EMAIL: enquiries@financialplanners.co.uk |
