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Corporate Financial Planning
Most small to medium sized firms are unprepared in some areas of financial planning.
The consequences of this oversight may simply result in paying more tax than necessary, or it can be much more serious in that events which can and should be insured against are left uncovered, with possibly disastrous consequences for the firm and its owners.
The main areas that normally need to be reviewed and actions planned are as follows:-
- - cost effective ways of maximising the value for money aspects of the wage bill
- and how to avoid them
- as a tool for tax planning, and succession arrangements
- - cutting your interest payments
Owners and shareholders (including employees) should also acquaint themselves with capital gains tax as familiarity with the rules as might apply to their business can allow opportunities to be taken when they arise.