As a successful business owner you will be aware of the financial planning needs of your business. You will be aware that benefits are critical to recruiting and retaining staff; you may be concerned about auto enrolment, and you will also know the importance of key person cover and protection.
However, you may not have the detailed knowledge and understanding to make informed decisions that will be of most benefit to your company.
Having worked with business owners for many years, we can conduct a financial review of your business and make the necessary recommendations.
Auto enrolment will have a major impact on employers, particularly for those with no current provision, or current low pension membership participation rates. We can help you understand how it all works.
We will help calculate the day-to-day costs of your business and will then help to make sure you efficiently invest any surplus money, according to your attitude to risk and the taxation of corporate investments.
We will help ensure that, where relevant and appropriate, you’re taking the maximum advantage of any schemes, allowances and reliefs which can help reduce your tax bill now and into the future.
We will review your ‘renumeration strategy’ for shareholding directors. Reviews should be regular, to ensure that those running public limited companies are always paying the lowest possible tax rate.
We can advise you on what strategy you need to put in place to ensure your business can survive, in the short term, while you deal with the effects of the loss of a key person within your organisation.
What would happen if a member of your staff suffered a serious illness and was unable to work over the medium to long term? Do you have any arrangements in place to help them through financially?
Having no share succession arrangements results in Business Intestacy. This is similar to having no Will as an individual. We can help you put specific business share succession plans in place.
We will examine your business to see if you are maximising your ISA and Capital Gains Tax allowance. With careful planning, it is possible to maintain a desired lifestyle and sustain wealth during retirement.
The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.
The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief depends on individual circumstances.