Owner managed businesses are the backbone of British industry and, as well as being the typical model for small enterprise, are the basis for a surprisingly large number of medium-sized and larger businesses.
As accountants and business advisers to several hundred owner managed businesses, we understand their dynamics and the particular problems they face. The interaction between the business and its owners, whilst generating a number of problems, also presents many opportunities for the minimisation of tax. Succession, planning for retirement and, regrettably, divorce are typical issues which can seriously damage these businesses if proper advice is not sought. We help our clients in all financial, tax and business aspects of setting up, operating, developing, managing, selling and retiring from owner-managed businesses.
Up to £15 million will be clawed back from academy schools before the end of the current academic year due to government budgeting errors, according to our data.
A quarter of all taxpayers may be paying the wrong amount of tax due to incorrect PAYE codes according to our analysis.
The cost of listing on AIM has risen at its fastest rate in more than five years according to our findings.
A sudden surge in M&A activity on AIM is being driven by private equity backed deals to take companies private, our research reveals.
From 6 April 2012 HMRC will be able to ask employers to pay a financial security where it thinks there is serious risk that the business won’t pay over their PAYE tax deductions or National Insurance contributions (NICs) on time.
Paul Haresign from our Sheffield office participated in a charity fundraising banger rally to Benidorm. The rally was completed without any major hitches, only the odd wrong turn to note.
