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Buying and Selling a Business

As accountants and tax advisors specialising in owner-managed businesses, RJP has extensive experience of company sales and purchases. This is an area fraught with pitfalls and the more informed and prepared you can be early on in the process, the greater the likelihood of achieving your financial goals. In addition, we know the Surrey and South London area and its business community very well, making us a natural partner for clients seeking to expand or exit a going concern.

Expert advice for clients looking to purchase a company

One of the fastest ways to expand a business or to diversify is through acquisition and we have advised many clients interested in purchasing a competitor or a business in a complementary field.

Our range of services for clients looking to purchase a company includes:

  • Due diligence to identify potential problems before it is too late
  • Tax planning for the structure of the purchase
  • Handling all liaison with solicitors, venture capital firms and other professional advisors

Tailored advisory services for clients wishing to sell a company

Starting, growing, and ultimately selling a company is the primary goal of many clients. At RJP we help you to achieve this as smoothly and tax efficiently as possible by helping you take advantage of all tax planning opportunities.

RJP's tax planning focus is on ensuring you receive entrepreneurs’ relief on both initial and deferred consideration so that your capital gains tax liability is capped at 10% on all consideration received up to gains of £10m. To achieve this, it is beneficial to seek professional advice early on when a sale is first contemplated, and ideally at least 14 months before a sale is anticipated. If however you are fast approaching a sale, we strongly recommend you get expert tax advice before you sign the Heads of Terms.

Exit planning is best undertaken sooner rather than later – don’t leave it until the last minute when it is probably too late to deal with any issues.

Our services for clients wishing to sell a company include:

  • Advising clients on the structure of the Heads of Terms for tax efficiency
  • Advising on the tax structuring of initial and deferred consideration
  • Drafting and obtaining clearances from HMRC
  • Tax planning to minimise tax liabilities
  • Reviewing and advising on Tax Warranties and the Tax Deed
  • Liaising with all parties

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31 July 2020 - Normally an important deadline!

All taxpayers due to make self-assessment tax payments on 31 July 2020 can now delay their payment due to the disruption caused by Coronavirus. This includes self-employed taxpayers and also company directors who pay self-assessment tax on dividend income.

Read more in our coverage of Coronavirus and business support from the Government.