Corporate Clients
Financial planning for your business
As a business owner, your financial requirements are beyond yourself and your family. You have a team you want to thrive as they go on to build the business you aim to build and therefore you have a responsibility to do what is in the best interest for your business and ultimately your team. That is precisely why a personalised financial strategy can serve as the foundation for a stable and thriving organisation. Explore various options tailored to safeguard you, your business and your team, ensuring you are all well-equipped to tackle any obstacles that may come your way.
According to a survey conducted by Glassdoor, 57% of job seekers consider benefits and perks among their top considerations before accepting a job offer.
Employee Benefits: A Win-Win for You, Your Business and Your Team
The Government Incentivises Work Place Benefits: Businesses can use tax advantages, tax credits and matching contribution schemes to offer employee benefits that are tax deductable from the business. Governments are establishing laws and regulations requiring employers to provide certain benefits to employees.
Cost Savings in the Long Run: While offering employee benefits may involve upfront costs, it can lead to long-term cost savings for the business. Investing in employee benefits reduces absentees and improves employee retention, reducing the costs associated with hiring and training new employees.
Achieve Stability and Efficiency: By focusing on employee well-being and job satisfaction through benefits, the business owner can create a more stable and efficient workforce, resulting in financial benefits for the company.
Improved Company Reputation and Employer Branding: A business that prioritises its team’s well-being earns a reputation as an employer of choice. Word spreads about companies that genuinely care for their employees, attracting top talent and making it easier to recruit skilled professionals. A positive company culture and strong employer branding also contribute to customer loyalty and trust, as clients appreciate the dedication and expertise of a team that feels valued and supported.
Enhancing Business Success and Cultivating a Positive Company Culture
Adding employee benefits can have a significant positive impact on both the business and culture of a company. Offering employee benefits plays a crucial role in improving the business and culture of a company. Here are some of the ways in which offering employee benefits can improve overall organisational success:
Attracting and Retaining Top Talent: Comprehensive employee benefits packages can serve as a competitive advantage in attracting and retaining high-quality employees. Job seekers often consider the benefits offered by a company as a crucial factor in their decision-making process. By providing attractive benefits such as health insurance and retirement plans, businesses can stand out in a competitive job market and retain talented individuals.
Increased Job Satisfaction and Engagement: When employees feel valued and supported through robust benefits programs, their job satisfaction and engagement levels tend to rise. Access to benefits like healthcare and retirement plans, contribute to a positive work environment, fostering a sense of positive well-being and loyalty among employees. This, in turn, leads to higher productivity, improved morale, and reduced turnover.
Boosted Productivity and Performance: When employees have access to benefits that address their needs, they are more likely to feel supported and cared for by the organisation. This leads to increased job satisfaction and loyalty, which, in turn, positively impacts productivity and performance. When employees feel that their employer genuinely cares about their well-being, they are more likely to go the extra mile and give their best effort.
Positive Company Culture and Employer Branding: Offering employee benefits demonstrates a company’s commitment to the overall welfare of its employees. This commitment contributes to the development of a positive company culture centered around employee care and support. A strong company culture and positive employer branding can attract like-minded individuals who align with the organisation’s values and contribute to a collaborative work environment.
Reduced Absentee and Improved Health: By providing benefits that prioritise employee health and wellness, companies can help reduce absentee due to illness and improve overall employee health.
Succession Planning
Will your business deliver the retirement you want?
As a business owner, planning for retirement is not only essential for your personal financial well-being but also crucial for the long-term success and sustainability of your business. A robust retirement plan ensures that you can confidently transition from active business ownership to a fulfilling retirement while maintaining financial security. Here’s why having a financial plan for your retirement as a business owner is important:
Goal Clarity and Financial Security: A well-crafted retirement plan provides you with clarity about your retirement goals and the financial resources required to achieve them.
Transitioning Ownership and Business Continuity: Planning for retirement involves considering the future of your business. A comprehensive retirement plan allows you to develop a strategy for transitioning ownership or leadership responsibilities to successors, ensuring the continuity and sustainability of your business.
Risk Mitigation and Contingency Planning: Retirement planning for business owners also involves addressing potential risks and uncertainties. It is essential to have contingency plans in place to protect your retirement savings and income from unforeseen events such as business downturns, health issues, or legal challenges.
Are you planning a business exit?
We will help you build a plan for a business exit or share sale tax-efficiently using all the relevant allowances and reliefs. One thing is certain, without proper planning you could get stuck. We can help you take control of both your personal and business financial strategies and deliver the retirement and lifestyle that you want. The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief is generally dependent on individual circumstances
You can benefit from our advice if you are a company shareholder, and:
Work in a private company that is going through a management buy-out.
With good planning and clear direction, we can enhance your ‘Perfect Future’. However, these transactions are often complicated with strict terms, varying strategies and numerous tax implications that may impact your future financial wellbeing. To ensure that your business can deliver the future that you want, you should have a goals-based plan and answer these questions:
How much will you need to fund your ‘Perfect-Future’ life?
Are you on track now, in terms of both your personal wealth and business value?
What more could you and your business achieve with a little more planning?
Are you fully maximising your company and government benefits?
Would your business survive without you or key team members?
The time and effort of you and your key team members are invaluable to the company, but have you considered the impact on your business if you or a team member were unable to work? There are solutions on how you can secure your business’s success.
Planning to protect your key person can help you deal with unexpected consequences:
Loss of profit
Minimise business interruption
Loan protection
Management buy-out
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Let us take the mystery out of finanical planning so you can focus on what matters.