Selling a business can be daunting. For many people selling their business is something they’ll only do once and is the culmination of their business life. It is critical to make sure that you are well prepared to maximise the value you realise and minimise the tax you will pay.
In little under a year all businesses that file VAT returns will have no choice but to file those returns online and through dedicated accountancy software. The move is part of the Government’s Making Tax Digital programme, and businesses are far from ready.
“The general Government gross debt was £1.763 billion at the end of the financial year ending March 2018. This is equivalent to 85.8% of gross domestic product (GDP) and 25.8% points above the reference value of 60% set out in the Protocol on the Excessive Debt Procedure”.
Our comprehensive range of services is built on an integrated foundation of in-depth expertise and industry knowledge. By addressing key challenges, studying trends, encouraging debate and sharing ideas, we aim to inspire a different way of thinking – so our clients make the most well-informed decisions.
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Kreston Reeves’ advice on the research and development tax credit scheme has been invaluable. We’ve made substantial tax savings by minimising our corporation tax liabilities – and that frees up finances to take the company further forwards.Finance Director at Electronic Modular Services Ltd
