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”.
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Kreston Reeves have been our accounting partners for many years. We are getting exceptional assistance and have trust in the team at Kreston Reeves. Their professional staff is reliable and works with us to meet our needs. They have provided exceptionally well informed advice in many areas. Their support has been invaluable and we are grateful and look forward to continuing our relationship.Financial Controller at Hair Systems Europe Limited
