No one knows who will win the next general election, but it certainly looks difficult for the Conservatives and therefore there is a strong sense that Labour may well be our next government. Labour is currently suggesting investigating Taxation as it relates to businesses and their directors/owners.
Businesses are understandably very concerned about the prospect of higher taxation for their trading company, its directors, and its owners. Higher Corporation Tax at a time when many businesses are running on fumes will send shivers down business owners’ spines, let alone the prospect of some kind of ‘alignment’ of dividend taxation.
I see this in two ways, if you intend to remain in business then growth is the only way forward. Treading water will be death by a thousand cuts so building the business has to be your focus. Brokerring are here to help with buying businesses, from the the funding through the negotiations and to the completion; we will by your side all the way. Please give us a call and we will organise a Zoom call to discuss your needs in absolute confidence.
On the other hand, if you feel that now is the time to sell or your business needs support with a succession issue, give Brokerring a call in the strictest of confidence. We can provide free impartial advice on the best way forward. We have been there ourselves and know how critical it is to get any material business change right, as there’s not often a second chance.
Give us a call or send over an email, we will react quickly and without cost for any initial time and advice we would gladly offer to you. This will improve the potential of your sale value and your future retirement.
