Finance

There are several tax-efficient ways of extracting profits from a company for directors. We offer a free consultation with our Chartered Financial Advisor to review your circumstances and advise on how best to achieve your financial goals.A number of popular strategies that business owners use are services such as; Director pensions, Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCT). If you would like to speak to a financial advisor today about ways to extract profits from your business more efficiently, please contact us today.

With the wide variety of pension plans available to different people in varying financial situations, it seems difficult to find the one that’s right for your financial situation.Following an initial consultation through Maven, the financial advisor can assist you in choosing the right pension plan and, for business owners, these pension plans can be linked to the business in order to reduce your total payable corporation tax.

Unforeseen events such as being unable to work due to injury, contracting a critical illness, or even death, can have a catastrophic impact on the finances of a family or a business.Through Maven, you can efficiently implement a shareholder protection structure whereby, should the business face a catastrophic scenario, the share structure and autonomy of you and your fellow directors are protected. This tax-deductible strategy is used to reduce your business’s payable corporation tax.

Having life insurance in business is a smart choice, ensuring that your business, your assets and the people closest to you are protected for the long run. At Maven, we assist in ensuring that your life insurance policy is properly implemented and is being fully capitalised on as a tax-deductible expense in order to reduce your payable corporation tax bill.

Among the array of tax-deductible loans that businesses can use to reduce their annual payable corporation tax bills are commercial financing loans and mortgages. At Maven, we assist businesses in incorporating these types of loans and financing options into a more comprehensive tax-efficient strategy. Helping them to reduce their payable corporation tax and manage their finances in a tax-efficient and profitable manner.

As a business owner it is vitally important that you are prepared for all eventualities such as dying or losing your ‘mental capacity’. How will your business continue to run or who will make important business decisions if you are unable to? What are your succession plans for the business? A comprehensive Will can help ease these concerns and help ensure your future wishes are met.A Business Lasting Power of Attorney (LPA) allows you to appoint suitable Attorneys to manage your business interests if you were to become ‘mentally incapable’. Whether that be a trusted Attorney, spouse or friend. Dying without a Will or losing ‘mental capacity’ without an LPA can cause significant stress to family, friends and business partners but is easily avoidable. Reach out to us today to find out how best to ensure that your wishes are guaranteed.

Timing, valuation and market position are all key considerations when looking to sell your business. Knowing what purchasers are looking for and positioning your business correctly will assist with the sale and the value of your business. We can assist you in providing industry specific expertise, assisting in advice on all of the above.Following an initial consultation, our experts can assist both potential sellers in the process of estate planning & the use of trusts, providing investment solutions to mitigate lost income, utilising existing / new strategies to maximise available tax reliefs and inheritance tax / succession planning. Likewise, our experts will assist potential buyers in sourcing finance for an acquisition, setting up business insurances to cover liabilities associated with debts incurred, implementing shareholder protection policies to protect each new shareholders’ interests and undertaking cash flow analysis for future corporation tax planning.

At Maven, our experts will work with you to prepare for a sale. Assisting your prospective purchasers in raising capital will ensure that the sale of your business happens as smoothly as possible and in the most tax efficient manner. We can assist clients in any position, whether they’re undertaking one of, or a combination of, any of the following:

• Full Sale

• Partial Sale

• Third-Party Sale

• Private Equity Purchase

• Management Buy-Out

• Asset Sale

• Employee Buy-Out

A challenge that many business owners face when selling their business is finding out that it isn’t as valuable as they thought it would be; this is often because the business relies too much on its owner. Preparing your business for sale and deciding on an exit strategy are essential when realising the true potential and value of your business. Our business coach will ensure that you prepare for the future whether you’re aiming for scale, sale or passive income. There are no shortcuts when increasing the value of your business and our coach will work to optimise every aspect of the business and push you to achieve your business goals.