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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We moved to your service in the hope that we would not only find a better accountant but also benefit from being with a slightly larger firm with a broader level of understanding of all things financial... What we actually achieved by moving to Kreston Reeves was a partnership with an organisation that we feel have genuinely taken an interest in our business, our history and our future aspirations and have helped move us forward both with our financial understanding and our finance processes... In addition to the exceptional day to day service that we have achieved by moving to you, I personally feel like we have gained a huge amount of ‘value add’. Between your personal interest in our business, the trust my fellow directors have in your advice and guidance and the additional opportunities for mixing with other clients and attending your briefings, we genuinely feel like we have a first class partnership that benefits Astro on a much broader basis than we could have imagined in the beginning.Managing Director at Astro Communications Ltd
