Our business financial planning service will cover aspects such as shareholder/partnership protection, key employee cover, employee benefits and company pension schemes. Many of these issues will also have an impact on company tax. We can work with your own accountant or refer you to some of our professional connections to help with this. We can also help you understand what needs to be achieved from your business to meet your personal needs.
Why would I need Business Financial Planning?
Would your business survive if a partner, director or key employee died or suffered a serious illness? Could you afford to, both financially and time wise, recruit and train a replacement? Would you want your spouse to be compensated for your share of the business if you were to die or take ill? Would you like your business to pay less tax?
These are all issues that sometimes in the day to day running of a business get forgotten about. Sometimes by the time we remember it is too late – yet often our business is the biggest asset we have after our homes.