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Tax planning on sale of company
The principal shareholder of a company for whom we did not act
approached us to advise him on tax mitigation on the sale of his
private company. After a successful negotiation with the potential
purchaser, our client was able to sell his company for an amount
in excess of £7m at a considerably reduced tax cost to him.
Book-keeping services
A large American company had, for almost two years, been running
a U.K. operation without adequate accounting or tax administration
in place. We were able to recreate the U.K. company's accounting
transactions and obtain a large VAT repayment with arose out of
the work that we carried out.
Personal tax planning
A client had incurred several million pounds of capital gains in
1999 and a similar level of capital losses in 2000 and 2001. Through
careful planning using the Enterprise Investment Scheme we were
able to defer gains into a later period and offset the capital losses
against them. Tax in excess of £750,000 was saved.
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Share valuation
We were requested by one of the large accounting firms to carry
out an independent share valuation of the main trading company in
a small UK group. The valuation was subsequently used as the basis
for the company to purchase the shares of a retiring director.
Share placing
We acted as Reporting Accountant for an OFEX 'listed' client in
connection with a public placing and offer for subscription. The
client succeeded in raising the funds required for the expansion
of the business.
Business plans and financial projections
We have assisted many clients with the preparation of their financial
projections for presentation to their bank to raise finance. As
well as assisting with the 'number crunching' we have the experience
to critically question the assumptions and policies underlying the
projections and advise the client to look at different possible
outcomes.
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