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Reduction in the Dividend Allowance
It was announced in the Budget that the Dividend Allowance will be reduced from £5,000 to £2,000 from April 2018.Read more >
16 Apr 2017
Spring Budget 2017
Budget announcements contain many fundamental taxation changes which will affect business and personal lives for the years to come. Written ...Read more >
9 Mar 2017
On 15 December, Finance Secretary Derek Mackay delivered the 2017/18 Scottish Draft Budget setting out the Scottish Government’s finan...Read more >
2 Jan 2017
Xero now has over one million subscribers!
At Prime we love Xero and have been fans from the start! It gives us immense satisfaction to see that Xero have now got more than One Millio...Read more >
7 Apr 2017
Are you based within the West Midlands and looking for a start up or business growth loan or grant?
If you are, then this could be the opportunity for you.Read more >
24 Jan 2017
What business can learn from sport
There are many correlations between Sport and Business, the planning and discipline that goes into being a successful athlete are equally ap...Read more >
8 Dec 2016
Contact Prime Today
To find out which exit option would suit your business, please contact us for a free initial meeting.Please Email Us >
Exit Planning and Disposals
Exit planning is an important consideration for any business owner. Whether you want to maximise your wealth at retirement or leave the business in safe hands.
At Prime Chartered Accountants we help you to think about your long term strategy. We ask about your goals and vision for the future. For example:
- Do you want to grow and sell your business for maximum profit?
- Do you want family members to take over?
- How much longer are you planning to spend working in your business full time?
There are a number of options available that you may not have previously considered, even for the owners of smaller businesses. If you are the owner of a family business there are some specific questions you should ask yourself:
- Does my intended successor have the right skills and abilities?
- Does my intended successor actually want to take over?
- Is my plan fair to all family members?
- Does my plan minimise the potential for conflict?
- Will family succession be tax-efficient?
- Is family succession the best option or would an alternative exit strategy, such as a trade sale or management buy-out, be a better option?
In the UK alone, 60,000 viable SME’s close each year due to the inability to find new owners. Contact us and let Prime help you maximise the value of your business exit.
Call Prime Today - we're here to help
To find out which exit option would suit your business and personal requirements, please call Prime for a free initial discussion.
Coventry - 024 7651 8555 or Solihull - 0121 711 2468