Owner managed businesses are the backbone of British industry and, as well as being the typical model for small enterprise, are the basis for a surprisingly large number of medium-sized and larger businesses.
As accountants and business advisers to several hundred owner managed businesses, we understand their dynamics and the particular problems they face. The interaction between the business and its owners, whilst generating a number of problems, also presents many opportunities for the minimisation of tax. Succession, planning for retirement and, regrettably, divorce are typical issues which can seriously damage these businesses if proper advice is not sought. We help our clients in all financial, tax and business aspects of setting up, operating, developing, managing, selling and retiring from owner-managed businesses.