Experienced accountants for family businesses
In the UK, it is estimated that approximately 75% of all businesses in the private sector are family owned and they employ 9.2 million people. Growing and running a family business can present many unique family business challenges and requires a considered business approach and way of thinking.
Many family businesses do not have succession plans in place, and a number do not survive the handover to later generations, therefore specialist advice, and planning can be crucial.
Our team can assist family businesses through the process of succession, managing conflict and disagreements, improving communication and governance and putting appropriate measures in place to ensure fair returns to all family members. We also work with the next generation, educating and preparing them for the future so that your family business can continue successfully for years to come.
Family business accounting services
Our family business services include:
- Strategic planning
- Auditing and accounting services
- Corporate and personal taxation
- Inheritance tax planning
- Corporate finance and business valuations
- Executive remuneration planning
- Succession planning
- Governance and formalising structure/systems
- Reviewing or developing family constitutions