Private sector challenges

Here are a few areas where you might be able to save on tax:

Personal income tax:

Are you making full use of your personal tax allowances and reliefs to save tax? We’ll quickly look over your affairs to make sure.

Company tax:

Whether you run a single company/closed corporation or a whole group, our tax specialists will help you retain more profit or extract more value from your business.

Tax planning:

How you structure your business and personal affairs can have a massive impact on the tax you pay. We’ll come up with a strategy that could reduce your tax bill.

Capital gains tax (cgt):

If you sell your valuable items you may need to pay Capital Gains Tax (cgt). We’ll work out what you owe or tell you if the asset’s exempt.

Estate duty:

Don’t leave it all to the tax man! Reduce your deceased estate taxation obligations by planning ahead. We have partners that will assess your entire situation and advise accordingly. It could save a large chunk of your estate from tax, or at the very least ensure there is sufficient funds to cover it.

How can Finovo help?

Our network of associated firms ensures that we have some of the best tax people in the business to help you and your company make tax savings.

Debtor management

In collaboration with DebtorSmart, we can provide a business tool to enhance recovery.

Automate debt management by using their module to set payment arrangements with clients. This is done with a unique agreement platform where terms are confirmed by email and payments reminders are automatically sent to the client. You can make notes and pull history on an account which can be sent to clients. This will make a huge difference in debt control and ultimately the cash flow.

Issue invoices promptly

It gets your invoices in a customer’s system more quickly, speak to us on how to improve efficiency by using mobile technology.

Cashflow forecasting

Predict the peaks and troughs in your cashflow. Helps you to plan borrowings or know when surplus cash is available.

Need finance for your business?

Although some banks haven’t been so keen on funding in the past few years, knowing who to talk to in each bank can really help and there are alternative finance sources for all kinds of business – if, like us, you know where to look.

How can I fund business acquisition or expansion?

Funding businesses with potential is an attractive proposition and there are plenty of venture capitalists, private equity firms and banks in the market.

Different investors view business types differently in terms of opportunity and risk. We’ll point you to the best ones for you, so you get the best deal.

What about alternative funding?

Today’s financing landscape offers a wealth of alternative finance options. These funding options include crowdfunding, grants and equity finance, venture capitalist or angel funding.

Finovo can advise you on the best finance option for your needs, including new and innovative forms of finance.

Business acquisition – what’s the secret for success?

Before you go about buying a company, make sure you’re clear about what you’re doing and why. Here are just a few things to bear in mind.

• Do you have the resources? – Don’t underestimate the time and money involved in buying a business. It can easily drain your current company.
• Find the right business – It might pay to use a professional advisor if you want to buy a business, as they’ll find and deal with the target companies for you.
• Watch out for nasty surprises – Detailed due diligence is absolutely vital. Get up to date financial and legal information and get it professionally analysed.
• Look at the management team – Who’s currently in place? Will they stay? Can they cope? And if the owner’s retiring, what will it do to the business?
• Draw up a business integration plan – Combining a new business with your existing company is never easy so decide how you’ll make the pieces fit.

Business sale: what things should you consider?

Here are a few things to ask yourself:

• What is the true value of your business?
• Will your business attract interest?
• Is everything ready for a ‘smooth’ sale?
• How can you increase the value of your business?
• When is the right time to sell your business?
• Who might be interested?
• What are the tax implications of your business sale?

How can finovo help?

Finovo has a close working relationship with a leading international business brokerage firm who differentiates themselves through their unique method of pairing buyers with brokers who have experience in a specific industry. We will ensure you meet the right person to facilitate your growth.

Unlike many business brokerages in the market today, who focus their service solely on one party, they focus on catering to the needs of both the seller, and the buyer. They do this to a high standard, communicating clearly with both parties, and ensuring that they are protected throughout the whole process.

Contact us