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how are termination payments taxed
exiting a business?
This decision can be one of the easiest or hardest things you may ever have to do, depending on the situation. Whatever the reason, we can help you achieve the best outcome for you and the business.

Give us a call and see what we can do

Are you exiting a business?

There comes a time in the lifecycle of every business when the shareholders want to exit. Perhaps you are looking for a third-party sale? Planning for retirement? Looking for a merger opportunity? Or a management buyout? There are many options to consider.

This decision can be one of the easiest or the most difficult things you may ever have to do, depending on the situation. Whatever the reason for your wanting to exit, we can help you achieve the best outcome.

Maximise gains and minimise tax when you exit your business

Think ahead to increase your returns

Planning ahead for your exit will ensure you get the best outcome, whatever the situation. This might be a tax efficient disposal, a secure succession plan involving family members, or perhaps a management buy-out. You may need to consider implementing an enterprise management incentive share option scheme, or your eligibility to business asset disposal relief.

All these opportunities require forward planning. Don’t wait until you are ready to retire to begin exit planning – because delays might mean you miss out on the returns you deserve or on valuable tax reliefs.

Seasoned experts in exit planning

RJP LLP are experts in exit planning and have worked with many business owners to help them consider all the options and prepare for a profitable departure. Together, we will help you to prepare your business for an exit that provides you with the best return, with or without your ongoing involvement. We can help you to identify the best way to structure the deal and avoid reductions in price.

Whatever your goals, we will work with you to understand your objectives and develop a practical plan that delivers the outcome you deserve.

Give us a call and see what we can do.

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28 February 2021 - Final self assessment tax return deadline

If you haven’t yet submitted your 2020 self assessment tax return and paid any tax due, you have until 28 February 2021 to submit your return before a penalty is issued. A 5% surcharge also applies to tax which was due on 31 January and is not paid by 28 February.