How to Close a Business
Whether you are retiring, ready for your next challenge or your business has not been the financial success that you initially hoped it would be, there are a number of requirements that must be fulfilled in order to formally close a business. In this guide, we explain the steps that must be taken to close […]
What is an Interest in Possession Trust?
Setting up a trust can be an ideal way to control and protect family assets, ensuring these assets are passed to future generations, while minimising liability to inheritance tax on death. However, there are various types of trusts to choose from, with different practical, legal and financial implications. The following guide on interest in possession […]
Loans to Shareholders Rules
It is not uncommon for business-owners to want to borrow money from their company from time to time, and it is important to know how these types of loans work in practice. The following guide to the rules on businesses loaning to shareholders, or director-shareholders, looks at what is allowed, what interest should be charged, […]