Running a business requires mastery of a wide range of figures. Your business’s financial performance will ultimately determine not only its success or failure but your own wealth in years to come.

No one goes into business to make a loss, but achieving profit, and for most business owners, an eventual successful exit, requires you to know your numbers thoroughly.

Even business owners with years of experience can benefit from refreshing their knowledge of the figures that determine the success of their business.

To help, we have produced some helpful guidance, which covers some of the most important aspects of assessing, forecasting and improving your finances.

However, every business is unique, so we recommend seeking expert, tailored advice.

At some point in every business’s lifecycle there comes a time when shareholders or business owners need to either sell equity to raise investment or complete a full sale of the business.

Having built a business from the ground up, this can be both a challenging and exciting experience, but one where owners and shareholders want to reduce risk to both themselves and their company while achieving the best price possible.

There are a lot of things to consider when selling a business or seeking investment through equity, many of which need to be planned for and considered well in advance.

To help you prepare for this, our team of experienced advisors have put together a useful guide covering some of the key points.

With the current tax year having begun on 6 April 2024, it is important to utilise all the tax reliefs and allowances available before 5 April 2025 in order to minimise your liabilities.

That is why the team at Seymour Taylor has compiled the following checklist of the key tax planning ideas that you should be considering.