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Exiting your business

Selling your share in the business to your co-owners or partners. This might already have been considered and incorporated into your partnership or shareholders agreement. You will need to be able to place a value on your share in the business – or accept a return of capital plus an annuity from your partnership. We can help by advising on agreements and also by valuing your business.

Selling the business to a third party. Again, you need to know the value of your business and how the funds released by the sale can best be invested to provide you with a comfortable retirement or used to begin a new business venture. Valuable tax reliefs are at stake here, so consult us early in your planning to avoid an unnecessary tax bill.

Public listing or sale to a public company. This might be an option if you have a sufficiently large business, or a niche business attractive to a larger company seeking to expand its activities. A great deal of care and planning is required if you are to make the most of such an opportunity.

Selling your business to some or all of the workforce. Through company share schemes and pre-sale agreements you can reward your workforce on an ongoing basis in the form of equity – a stake in the business. One possible conclusion of widening ownership of the company in this way might be to pass control of the company to the workforce on your retirement.

Winding up the business.If the business is simply going to come to an end when you retire you need to ensure that when the time comes you collect all monies owed to you and realise the value of the business assets. After all, these are an important part of your ‘retirement fund’. Again you will need to arrange this properly to minimise your tax liabilities and maximise your income in retirement.

Whatever plans you make for retirement, or for withdrawing from your current business, careful planning and the right advice are essential.

Careful planning and professional advice are essential at every stage of your business life. The best time to start planning is now. We would be happy to advise you further on developing SMART strategies for you and your business. Call us on 07 5495 1347 to discuss how we can help.

our Services

Accounting
services

In the constantly changing business environment, you can rely on our business services team to be expert, up-to-date and ready at hand to assist you with your business matters. Whether your concerns are taxation, accounting, business planning, cashflow and budgeting, or business valuation, rest assured that our staff are available to advise you.

audit
services

There is no such thing as a ‘one size fits all’ audit. We use the latest technology to provide individual assessments, producing comprehensive reports in which your stakeholders can have the utmost confidence. We are also happy to offer due diligence systems reviews and financial consulting advice.

company
secretarial

Communication and effective administration are essential elements of a successful organisation. Regardless of the size of your business, we are ready to support you with a team of highly qualified secretarial and support staff.

taxation
services

We regularly deal with a broad range of personal and corporate taxation issues and make a point of understanding the individual needs of every client. Whether you need advice on company tax, personal tax effectiveness or indirect taxation including payroll tax and GST, our team will identify the best solutions for you.

self managed
super funds

The way your superannuation is managed now will have a significant impact on the choices you have in retirement. Self-managed super funds are perfect for those looking for greater control of their savings and are one of the best ways to ensure that you will have sufficient funds for retirement.

specialist
services

In addition to our normal services, we have developed specialist knowledge and expertise in the following sectors:

Christian organisations

Audit of incorporated associations.