The Growing Business
Once your client’s business has established itself and is looking to push forward, it will face numerous tax challenges.
What worked for the business as a “start-up” might not provide the optimal solution for the business as it looks to move forward. Failure to adapt to these new challenges can damage the growth prospects for the business and store up problems for the future, which you may find difficult to resolve. The TACS Partnership can provide guidance on key areas such as:
- Should new business lines be set up as a division or as a separate limited company?
- Will your client be able to use accumulated tax losses from the early years against profits made as the business changes?
- What are the consequences of providing equity to new investors rather than taking out simple loan finance?
- How does your client keep their key team with them as they drive the business forward?
- As your client explores markets outside the UK how does this impact on their tax position?
- If your client needs to update and repair their machinery and premises, what tax relief can they get?
- If your client has to say goodbye to some staff do they know what the tax issues are?
- Your client’s business might have built up profits for a few years. Should they keep this in the business or take it out? What are the tax consequences of these alternatives?
- What are the tax consequences of building up a pension pot?
The TACS Partnership will work with you and your growing business clients to provide bespoke solutions to the issues encountered and to encourage the business to think ahead in planning how to manage their tax position. Guidance will be crafted to allow the focus to remain on the business, not allowing the tax issues to become the dominant concern. We will allow you space to provide advice outside our expertise.