Amjath Rahmathullah’s Post

No easy answer! When selling a business, one of the issues that causes a lot of concern is the extent to which the business relies on the owners. To get the highest multiple (and so the maximum valuation),  the owners should ideally be spending their dividends sunning themselves on a beach somewhere , and just come over to the UK once a quarter to attend board meetings and show that they really do still care! But usually the owners are integral to the success of the business, typically having the key relationships with suppliers / clients,  are the key person people turn to for direction and essentially, they just “know” what’s going on. The question is, do you get someone in (or indeed more than one person), to take over these responsibilities and so make the business less reliant on the owners.? If you do, you have to weigh up the costs for this (which will clearly deflate the profit on which you are trying to apply a higher multiple), worry as to whether you’ve got the right person and if they can really do the job, gauge how long will it take for them to be beneficial, and realise that they may leave the business if you sell?    There are no easy answers to these issues, but talking to us at Frazer Hall Corporate Finance can help weigh up these conflicting scenarios, and so help you plan your company's sale. #businesssale #retirement

UK Business owners: Have you considered increasing your pension contributions, getting higher dividends, or increasing salaries?    Watch our latest webinar where chartered accountant, Michael Bryan, explains the difference between the three options and the tax implications for each.    #headwaywealthwebinars #businessownerfinance #entrepreneurship #headwaywealth    Capital at risk.

For many business owners, deciding how to extract profits from your business could be a crucial decision. Our latest blog highlights the 3 main routes and potential tax implications you may need to factor in when deciding whether to extract profits from your business. 1. Taking a salary 2. Supplementing your income with dividends 3. Making pension contributions. To find out more, click the link below.

Tax Titans totally agrees and if you are looking to get rid of some of your unwanted clients to free up time for advisory services or if you are looking for some help. Join us on the Enterprise Bridge and get the extra set of hands you need with over 200 firms on the platform and our partners at Unison Globus, you can make this next tax season the most stress free yet! Julie A. Bonness #taxseason #taxes2025 #helpwithtaxes #accountingresources #accountingstaffing #sellingmyfirm

🏝 🏝 My very dear friend Paul Kerin and I have just released the latest episode of our 'Question in a Bottle' podcast 🌴 🌴. This time Edward Brown asks “How might the Budget affect your investments?” This was hailed as a Budget for growth and it is my sincere hope that this is what we achieve as it is to all our benefit. However for some time we have been living in the realm of the Big State and my concern is that we are just going further down this road. The UK has been ‘enjoying’ meagre GDP growth for years and during this time our population has been growing, per capita we are not any better off. Big tax, big spend does not tend to work when it comes to stimulating growth. There is a difference between ‘investing’ and ‘spending’. There was some clever politics within the Budget. The increase in NI employer contributions does not apply to the Public Sector and the bringing Defined Contribution Pensions within the scope of IHT from April 2027 again does not impact the Public Sector pensions where there is no pot to tax. Per pound invested by the employee Public Sector pensions are far superior to Private Sector. One saving benefit of the latter was that they were exempt from IHT. This Pension IHT grab will now go into the general taxation pot and I am sure some of it will make its way across to paying those superior Pensions within the Public Sector. If you rob Peter to pay Paul you are guaranteed Paul’s vote. There are to be reforms on non doms and this is to change to residency based rather than domicile. My understanding is that a by product of this is that this will benefit ‘Brits abroad’ who will be able to shake off the sticky nature of domicile and have greater confidence of their IHT situation. Next week I’ll be off as usual Wintering in Mauritius 🇲🇺 which is tax light including no capital gains tax or inheritance tax. I might just be having a visit to the Estate Agent at Black River. I am a private investor and not an estate planner which is a specialist skill and in this last week have reached out to Niall Allardice of Fundsmith and Antony Keen of PM+M Solutions for Business LLP. Thank you gentlemen for your sage counsel and helping me identify my options. This podcast is generously hosted by the good people of Progressive Equity Research. Watch on You Tube - https://lnkd.in/dbqTvgUg Listen on PER - https://lnkd.in/dxzeQmb8 #budget #iht #aim #fundsmith #mauritius

The New Year is an opportunity to reflect 🤔 on what we can improve. Whether it's managing finances, setting a budget, or pursuing dreams, small steps can make big changes. 💡 ✅ Review your spending and set a budget. Track where your money is going and discover new ways to save. ✅ Make the most of tax advantages. You may be able to "write off" more than you think. ✅ Build habits that move you. Even investing can be a simple step towards a better future - you can start from as little as €10. ✅ Focus on happiness. Invest in experiences, education and time with loved ones. May 2025 be filled with success, joy and peace! 🎉 ➡️ Read the full article and find out how to do it 👇 ❗There is risk involved in investing. #NewYear #Investing #Investing #Couch #Goals2025 #Finax

Fact or Fiction: Minimizing expenses is the only way to build wealth. Fiction. Expenses are only half of the equation. While reducing them greatly helps, your income will dictate how well you can manage growth in relation to your expenses. Lower spending and higher earning creates a greater gap in which you can save money. Think about increasing the value you provide and look for ways to earn more. Combine that with cutting costs, and you have a recipe for successful wealth building. #factorfiction #expenses

For many business owners, deciding how to extract profits from your business could be a crucial decision. Our latest blog highlights the 3 main routes and potential tax implications you may need to factor in when deciding whether to extract profits from your business. 1. Taking a salary 2. Supplementing your income with dividends 3. Making pension contributions. To find out more, click the link below.

𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐎𝐰𝐧𝐞𝐫𝐬, 𝐓𝐚𝐤𝐞 𝐍𝐨𝐭𝐞! If you’re a business owner, you already know taxes can be overwhelming. But did you know they can also be an opportunity? Here’s how: 🌟 Turn taxable income into untaxable wealth. 🌟 Protect your business from future tax hikes. 🌟 Grow your retirement savings tax-free. It’s time to take control of your financial future. Let’s craft a strategy that works for you: https://lnkd.in/g3tZNuKf #Entrepreneurship #WealthCreation #TaxStrategy

You must establish the plan by the time you file your business return (with extension) for the applicable tax year. For example, if you have a calendar tax year, you could adopt the Defined Benefit Plan as late as September 15, 2025, to get a 2024 deduction. However, it's advisable to adopt the plan well in advance of that deadline for practical purposes. Many businesses choose to adopt their Defined Benefit Plan before December 31, 2024, to align with year-end tax planning and ensure timely contributions. Don't miss out on the opportunity to maximize your retirement contributions and potential tax deductions. Start the process of setting up your Defined Benefit Plan at least 4 to 6 weeks before you file your return. Reach out if you need assistance navigating these crucial deadlines. https://lnkd.in/e7wb-G_8 #businessowners #startup #businessowner #entrepreneurs