Business
Business Financial Advice
Companies and Businesses require financial advice because of the different corporate and tax laws which affect them.
They may need to insure against the loss of a key employee, without whom profits or growth would be lost. Some developing companies never recover from the loss of a key employee. Many don’t realise that it is possible to insure against this.
The Directors' or partners' of a company may have agreements in place to buy out the shareholding of a deceased director or partner but where does the money come from ? Once again, it is possible to insure against this, but to arrange such cover requires careful planning and specialist advice.
Pensions tend to be one area where directors and partners do take advice as the tax benefits are obvious to even the most unconvinced. Pay corporation tax on your profits or put the profits into your pension ? We’ve all made more difficult decisions than that !
Directors may prefer to establish a separate pension plan from that of their employees. This could be because the term of their employment may be a fixed number of years, their tax position may be more complicated than other employees, or they may prefer to set up a form of self administered scheme more suitable to their circumstances. They may also wish to leverage their company pension scheme at some stage to raise funding for the business. This may be a tax- and cost-efficient way of funding the acquisition of a commercial property.
In these circumstances, sound pensions advice will be invaluable.
...and finally, gaining a reputation as a quality employer means getting the rewards package right, not just wages. It’s usually much more cost effective to keep good staff with a good package of benefits than it is to find new ones.
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Nothing was too much trouble for him, and he took the time to ensure I understood everything.”
Mrs J. H. Yorkshire
