Business Tax: Business expansion, structuring

Stephen Hemmings - Menzies Accountant

Stephen Hemmings – Business Tax Partner

As businesses expand growth can take place organically through the existing structure or be accelerated through mergers, joint venture operations and acquisitions of other companies or trades. These all have varying tax considerations and it is important that advice is obtained at an early stage to ensure that immediate and long term tax implications are managed in the most tax efficient way. 

As businesses grow the original or existing structure may no longer be the best fit.    Restructuring can help facilitate the separation of different trades or businesses into different structures, as well as allowing the exit of certain groups of shareholders.  Regularly reviewing existing structures and taking into account the future plans is advisable as again the earlier the advice is obtained the more options there may be. 

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