Category: Owner managed businesses

What do I need to know about buyouts and Employee Ownership Trusts?


There are many different ways in which a business can be acquired, and there are several key ownership structures that businesses follow, but what do you need to know about buy-outs and Employee Ownership Trusts?

Employers should be mindful of 29 February 2020


2020 is a leap year, which means there is an additional day in February – the 29th. For many, this will have absolutely no impact on their pay, but employers are being urged to exercise…

Time for a fresh look at tax efficient profit extraction?


For owner managed businesses (OMBs) operating as a limited company, taking dividends has long been a popular method of extracting business profits. On 6 April 2018, the annual tax-free dividend allowance reduced from £5,000 to…

Online vs offline – why online accounting is good for business


As the world becomes more digital, the limitations of cashbooks and off-line accounting are putting businesses at a competitive disadvantage. Save time and take control of your financial management by moving to online accounting now.…