The directors and partners need to make decisions about what they do with the accumulated assets. Do they use the capital to make investments within the business? Do they use some of the capital to enhance the directors’ pensions or does the business keep the capital on its balance sheet? What are the tax consequences in the short and long term?
Corporation Tax management is invariably a driver in business financial planning; so your business financial planner will need to have deep understanding of taxation and be able to collaborate with the accountant, auditor and tax advisers.