Tax for Entrepreneurs

“No man in this country is under the least obligation, moral or otherwise, so as to arrange his legal relations to his business or to his property as to enable the Inland Revenue to put the largest possible shovel into his store.”

Lord Clyde, quote from a judgment given in 1929.

At Grant Thornton, we take the view that Lord Clyde’s judgment still holds true (even though the Inland Revenue no longer exists in name)and we work with our entrepreneurial clients to understand their personal and business position, with a view to ensuring that their overall tax liabilities are minimised and their wealth is maximised.

Grant Thornton can advise on ways that entrepreneurs can save tax at all stages of their business lifecycle.   Whether a budding, actual or past entrepreneur we can work with you to ensure that you maximise value in your hands.  This includes maximising the value for your business as a whole and, ultimately for you, the business owner if you come to sell up. Our advice covers not only your investment in your business, but also tax efficient remuneration for you and your staff, minimising tax on acquisitions and disposals and maximising tax reliefs available.

We can also advise on how to reduce your personal tax burden – and that of your family overall. Planning can cover; structuring your investment strategy, securing your retirement plans, optimising the return from your company’s shares, ensuring your family benefit fully from your estate and giving more tax-efficiently to charity.

For further information please contact: Jonathan Griffin on+44 (0)115 934 9206 or email jonathan.griffin@gtuk.com.