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Tax planning for growing businesses - Why bother?

Your focus is to grow your business profitably, so are you sometimes tempted to ignore the tax issues and leave them to your accountant to sort out at the end of the year? In the scheme of things is tax really that important?

Well, yes it is. Tax will impact on virtually every decision you make. For example:

  • What can I give my manager to make him stay for the long-term?

     

  • How can I find the extra cash to develop my product?

     

  • Where can I find some extra working capital?

     

  • It could make sense commercially to set up a manufacturing/service centre abroad – pros/cons?

     

  • I have found a great business to bolt on to mine that would really add value – how do I structure the acquisition?


    It is not possible to cover everything you may ever need to know, so I propose to look at five key areas:

  • Raising additional finance
  • Capital spend
  • Product Development
  • Staff retention and incentives
  • Acquisitions

    Interested? Subscribe today and keep in touch

     

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    Date: 14th March, 2007
    Author: Gary Farnes

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