ACCOUNTANTS AND PROFESSIONAL ADVISERS
We are pleased to be sponsoring the Family Run Business of the Year Award this year as we ourselves are very much a family run business with around forty loyal members of staff a number of whom have been with us for in excess of twenty five years. We have a number of instances where we now employ a parent and adult child from the same family.
The Forest of Dean is a magnificent place to live and work and we have many clients in the area who run family businesses which continue from generation to generation. We are proud to be able to say that we have many clients whose families have been with us since we started the WILDIN & CO practice in 1981. Although our client work takes us to almost all regions of the U K, and to Southern Ireland, our roots are firmly in the Forest of Dean. Our clients range from sole traders to public listed companies, but due to excellent transport links and modern technology we are able to service all our clients well from our local base.
All businesses need to make sure that they move with the times and embrace modern technological advances. We ourselves have just completed a new ultra modern reception and conference facility at our Lydney Offices which includes the latest technologies in computerisation, video conferencing, touch screen T V monitors up to 84”, and meeting room facilities. Use of the new facilities are available free of charge to all of our clients and can be hired by any non clients (subject to availability). The Government is pushing businesses to do more computer based accounting and reporting, and the first part of “making Tax Digital” for H M Revenue & Customs comes into operation in April 2019. We are working closely with our clients to ensure that they will be able to comply with the new reporting regime, and that is another reason for the new facilities which we have completed.
Choosing the correct business structure and taking advantage of the tax reliefs available to businesses is very important and we offer to our clients business advice in addition to the general accountancy, auditing, and tax work. Planning how best to hand down family businesses is imperative and in many cases this can be achieved without incurring tax liabilities. The exemptions from tax on smaller dividends provides another avenue of transferring wealth and income within the family in a tax efficient way.
Financial Wealth management is critical for families where there is a planned hand over of the family business to the next generation but with the need to provide income to those retiring family members. The WILDIN IFA part of our practice offers advice by qualified advisers on all aspects of life insurance, pensions, mortgages, equity release, and investments. Planning whilst the business owners are able to perhaps set aside monies for their own future retirement from their earnings is much better than having to rely on the next generation for a retirement income.
Sometimes families decide that the time has come to sell or cease the family business and again we are able through WILDIN PROFESSIONAL to assist with the sales planning preparation or close down work required. Experienced advisers provide objective advice and can also help with arranging the sale of business property and other assets where those are not to be part of any sale, -or upon close down. Extracting maximum benefits from any close down or disposal is very important, especially when this comes as part of retirement.
We would be pleased to assist family businesses in the many aspects of the work which we do and the advice which we can offer, and the initial meeting is always on a without obligation and free of charge basis. If you would like our help then please contact us.
Making Tax Digital - Payroll Services Investments - Business Planning - Value Added Tax - Business & Land Acquisitions/Sales Planning
WILDIN & CO
Accountancy & Bookkeeping - Statutory Auditors - Management Accounting - Tax Planning & Compliance - Forensic Accounting
Financial Planning - Pensions & Mortgages - Auto Enrolment - Estate/Will
Kings Buildings, Lydney, Glos GL15 5HE