Corporate & Business Owners
Shape tomorrow’s success
However, balancing the demands of running a business with ensuring the financial well-being of you and your employees can be challenging. That’s where Burt Financial Planning’s corporate services come in – a suite of strategic solutions designed to ensure a comprehensive approach to managing every facet of your company’s finances.
From facilitating auto-enrolment and orchestrating tax-efficient scaling to aspects of exit strategy planning, our corporate services are meticulously designed to alleviate the burdens of financial management.
Auto enrolment products are not regulated by the Financial Conduct Authority.
Auto-Enrolment
As a company director or business owner, providing workplace pensions and grasping the details of a Qualifying Scheme are essential responsibilities that come with ensuring your business meets legal standards.
The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.
Strategic Corporate Planning
An employee or key director’s unforeseen departure or critical illness can unleash a cascade of challenges for your business.
You can mitigate the impact of losing key personnel by ensuring you’re adequately safeguarded with robust insurance and protection planning. And since no two days are the same in business, it pays to review these regularly as your company and its workforce change over time.
Start with an in-depth review of your business and identify your areas of weakness or where you are currently underinsured – Burt Financial Planning can help you choose the right protection for your organisation’s unique needs.
Shareholders
As a shareholder, your vision is to propel the business towards its utmost potential. But will those who step into your shoes share that same goal, and to what extent? Your fellow shareholders may find themselves working alongside partners with little or no interest in the business, while your beneficiaries could inherit shares that are harder to sell.
That’s where we come in. We provide solutions to empower your fellow shareholders to acquire your shares seamlessly. By facilitating a strategic purchase arrangement, the funds from your shareholding can be directed precisely where you intend – to your chosen beneficiaries.
Ensure a smooth transition of your legacy by fortifying your shareholders with the means to uphold and continue the growth trajectory you’ve envisioned.
Employee Benefits
We all deserve more than a fair salary for our efforts – an array of benefits, from bonuses to wellbeing and fitness schemes, is becoming an expectation. Building a truly appreciated and valued workforce fosters a positive culture and positions your company as a standout choice in the competitive marketplace.
Crafting a premier benefits strategy that aligns with your goals, budget, and employee needs is a potent tool. Burt Financial Planning can help create a cost-effective approach that seamlessly integrates into your operational framework, including:
- Salary Sacrifice Arrangements – A mutually beneficial arrangement offering tax-efficient benefits for your staff while reducing your National Insurance costs.
- Private Medical Insurance – Prioritise your employees’ health and well-being, translating to reduced absenteeism and a more content, healthier workforce.
- Group Life, Income Protection, and Critical Illness Coverage – Support employees financially during challenging times, facilitate temporary support to cover absent staff and provide access to rehabilitation services and assistance programmes.
Corporate Pensions
If you are running a successful business, you can leverage that success to provide income and financial well-being for yourself and your family when you retire. We offer a range of strategic solutions to help you and your employees enjoy tax-efficient income after you stop working.
Group Pension Plans – Group pension plans can help your business attract potential new staff, plus you can claim them back against tax.
Salary Sacrifice arrangements – Benefit your business and your staff. These schemes can reduce your National Insurance costs and offer cost-effective pension planning opportunities for your team.
Executive Pension arrangements – Allow you and your family to reap your business’ rewards.
For these services, seeking expert financial advice is not just a recommendation; it’s a crucial step towards securing your business’ resilience and the economic well-being of your staff in the long run.
The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.
Tax Mitigation
As a company owner, avoiding paying unnecessary taxes is a non-negotiable. We’ll guide you through legitimate and ethical tax mitigation strategies to reduce your Corporation Tax liability without resorting to tax avoidance.
As a company owner, avoiding paying unnecessary taxes is a non-negotiable. We’ll guide you through legitimate and ethical tax mitigation strategies to reduce your Corporation Tax liability without resorting to tax avoidance.
Consider these practical steps:
- Company Pension Contributions – Your company’s contributions to a pension scheme are typically fully deductible when calculating Corporation Tax, presenting a strategic avenue for tax efficiency.
- Remuneration Strategy – The amount of salary you draw directly influences your tax obligations. Our team can help you explore routes to reduce your salary to a level where state benefits can be claimed and supplemented by company dividends. Dividends not only sidestep National Insurance but also incur no tax consequences for your company.
- Claiming Allowances – Maximising allowances is pivotal in reducing Corporation Tax. Research and Development Relief and Capital Allowances are often underclaimed or overlooked. Our experts at Burt Financial Planning are ready to guide you on utilising these allowances to their fullest extent.
Exit Strategy
Many business owners put in a lifetime of hard work building their businesses, only to lose some of the rewards by not making an exit that profits them both personally and professionally.
Burt Financial Planning can help you maximise your exit strategy by focusing on:
Year-on-Year Profit Growth – While reducing profits may seem tempting for immediate Corporation Tax relief, it could compromise your business’s future market value.
Meticulous Financial Records – Ensure your accounts are up to date, in order, and accurately reflect your business.
Diversify Customer and Supplier Base – Broaden your network of customers and suppliers to avoid over-reliance on a few key players, safeguarding your business’ value to potential buyers.
Client Retention – Establish long-term contracts with key customers, suppliers, staff, and managers to enhance the stability and appeal of your business.
- Maximise Relief for Capital Gains Tax (CGT) – Strategically manage CGT by exploring options like Business Asset Disposal Relief, which reduces the effective rate of CGT. Avoid substantial holdings in property, shares, or leaving substantial sums in the bank to retain eligibility for this relief.
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.
Exit strategies may involve the referral to a service that is separate and distinct to those offered by St. James’s Place.
Secure Your Financial Future, with Burt Financial Planning
Begin your journey towards financial freedom with Burt Financial Planning. Our dedicated team offers personalised guidance tailored to your unique goals. Take the next step and contact us below to secure a more prosperous future today. We are committed to your financial well-being and are here to help you succeed.
