Management buyouts (MBOs) are a popular exit route for the owners of companies, whereby the senior management team purchases the assets and operations of the business. When it comes to sourcing funding to facilitate the MBO, this can come from a variety of sources, each with its own advantages and disadvantages.
Every business looking to expand needs to have a detailed vision of what it wants to achieve – whether this is expanding into new markets, attracting new customers, developing new products or services, or acquiring another business.
To do this successfully there are a few things to consider:
It is no longer necessary to hold BPS entitlements to receive payments. As a result, entitlements ceased to have any value on 16 May 2023. However, this may give farmers the opportunity to generate a Capital Gains Tax (CGT) loss which for many will result in a significant tax saving in the future.
From 6 April 2024, all unincorporated entities (sole traders and partnerships) will be taxed on profits generated in the fiscal year and not those aligned to the business’s accounting year-end. Planning your income and expenses now may help you manage your future tax bills.
Andy Poole interviews Simon Luke, Country Manager for anti-money laundering (AML) technology platform First AML. Andy and Simon explore the common mistakes law firms make with anti-money laundering, developments in technology in the AML landscape and quick wins that firms can make to their onboarding processes.
Here, we explore the implications of rising interest rates on savers, shed light on tax requirements and savings allowances, and discuss the changes to dividend allowances.
When times are good, and confidence is high, most financial advisers should be able to help generate at least reasonable returns. However, in times such as those we have experienced over the last few years, having the support of a ‘trusted adviser’ you can rely upon to help, guide, support and advise you is more important than ever.