Expert opinion
Jim Shaw, Shaw & Co’s CEO & Founder tells us a little bit more about the recently launched Tax Planning service.
Jim, what new service has Shaw & Co launched?
"We’ve just launched a new integrated exit tax planning service for owners of UK-based SMEs that are ready to sell all or part of their business. Put simply, the new service will help our clients make sure that their affairs are in order and that their transactions are undertaken in the most tax efficient manner possible."
"Unaddressed tax risks in your business could result in substantial personal financial losses."
Why have you decided to launch the new service?
“Good tax planning advice is absolutely fundamental for any business owner looking to successfully manage their exit. With millions of pounds changing hands, achieving a reduction in your overall tax rate, even by just a few percentage points, can deliver, or protect, substantial amounts of value. Unaddressed tax risks in your business could result in substantial personal financial losses if a diligent tax strategy is not properly planned and implemented, while tax issues can also completely derail your deal and scupper your exit plans.
“It’s particularly important that advice from a good tax advisor is not only available as soon as an owner begins to plan the sale of their business, but that it is also on-call and easily accessible throughout the whole process. Furthermore, it is also vital to ensure that any tax expert is working in tandem with the corporate finance advisors to anticipate and swiftly mitigate any potential tax issues.
“All this is why we’ve decided to offer business owners a truly integrated tax planning service that completely covers all aspects of selling a business.”
How will the service work?
“We have successful, long-term partnerships with independent tax experts who understand the specific requirements of business owners across a range of specialisms, industries and countries. Our new service enables us to provide clients instant and seamless access to the best advice, providing reassurance that their tax affairs are in order right from the outset and, perhaps most importantly, that there will be no hidden surprises as the deal progresses. This is particularly essential when you consider that regulators such as HMRC will be poring over your deal and all the documentation that surrounds it, right from the first offer letter!”
Click here for more information about the new Tax Planning service.
If you'd like to discuss how Shaw & Co can help you sell, buy or fund the growth of a business, please book a meeting here
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