When you’re planning to hand over or sell your business, having confidence in the numbers is essential. Succession planning can involve significant financial decisions, from understanding the value of your business to preparing for a sale or transferring ownership to the next generation. An audit can provide greater assurance over your financial information, helping you […]
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Despite being highly anticipated, the 2026 Autumn Budget’s lack of significant reforms could cause some businesses to miss key changes that impact them, leading Weybridge accountancy firm MGI Midgley Snelling LLP cautions. Establishing breathing room for businesses and individuals was the order of the day, with the notion being emphatically repeated at nearly every opportunity […]
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Changing the ownership of a business is a significant milestone, whether you’re passing the business to family, agreeing a management buyout, selling to an external buyer or exploring an Employee Ownership Trust (EOT). While much of the focus during succession planning is likely to be on the valuation of the business and the tax and […]
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Succession planning can take many forms, whether you are passing the business to a family member, arranging a management buyout, selling to a third party or setting up an Employee Ownership Trust (EOT). Whatever route you choose, having a clear understanding of your business’s finances is essential to a successful transition. Financial clarity and valuation […]
Read moreIf you are planning to establish a life overseas while owning a stake in a UK company, the first question you are likely to ask is whether you can remain a director. In short, yes. Non-residents and foreign nationals are permitted to be directors of UK companies even without residency in the UK or British […]
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Passing on wealth is about more than deciding who receives which assets. For many people, succession planning also means understanding the tax implications of their plans and putting the right arrangements in place ahead of time. Inheritance Tax (IHT) forms an important part of this process. Careful planning allows people to understand their potential liability […]
Read morePeople are always looking for ways to pay less tax. Tax allowances are one of the most effective and legitimate ways to do it, helping to mitigate against a large tax bill. These allowances are built specifically to reduce the amount of VAT, Income Tax or National Insurance Contributions that you pay. Some are more […]
Read moreWhile you may have the residency visa, an apartment and a salary untouched by UK income tax, you may still receive a notice to file a UK Self-Assessment. Being told you must file a Self-Assessment can come as a surprise for many people who relocate to the UAE, so it is important for expats to […]
Read moreGeopolitical tensions in the Gulf have seen expats returning to the UK en masse, sheltering from any further escalation in the region. While a temporary return to the UK might be the safe option, it could be accompanied by some hidden tax risks. A few extra weeks or months residing in the UK can trigger […]
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