Glasgow Business . 39
www.glasgowchamberofcommerce.com WORTH YOUR A CLOSE EYE ON
schemes, group employee benefits and general insurance; company cars, wage structuring and environmental initiatives that could bring tax benefits to your business. Sam Henderson, Director of
Careful wealth management is vital to ensure the financial security of you and your business over the long term
the Chartered Financial Planner- accredited advisers Henderson Stone, says that questions for every business owner to ask should include: »What can your business do in terms of tax efficiency to help retain key employees? » Are you as the business owner, and your family, protected if vital people in the business die? »How and when do you exit the business and what effective tax planning should you be considering? » If you sell your business, how can
you reduce the 40 per cent IHT liabilities when you lose Business Property Relief (BPR)?
Automatic enrolment Te Government pension reforms introduced in October 2012 will have an impact on every employer, as the deadline for automatic enrolment approaches. By 2018, all employers will have to provide a workplace pension in which eligible staff will be auto enrolled. Te initiative is designed to
encourage saving for retirement, and company directors or business owners are obliged to understand what the process will be, how it will work and when to take action. Employers will ultimately be
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