If a key partner or employee decided to retire or became disabled, would your business have a plan for transitioning clients, choosing a replacement leader, and ensuring continuity of the company vision and strategy? If your business has key personnel who will reach retirement age in the next decade, it's not too early to develop a success plan.
The tax issues surrounding succession planning are quite complex and varied, and include capital gains tax and income tax. We can help you structure your affairs to minimise your tax liabilities during and after the business succession process.
In getting your business succession-ready, we can produce good-quality financial statements that verify your financial position. We can also provide expert advice on general business issues, strategic tax planning and the next phase of your life.
For further information on succession planning or to arrange a free initial consultation to discuss in more detail how we can help you, please contact us.