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Selling a Business

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Selling a business can be, and often is, complex venture that involves several considerations. One of the key aspects is establishing a valuation for your business which can require that you enlist the help of an accountant.

How our Accountants can help you!

  • Selling a business valuation

    Getting the right valuation for your business is a complex task. This often involves the use of a accountant, thankfully MJ Kane have several accountants qualified in business valuations who will be more than happy to help you with this.

    We can value your business in multiple ways. It is key to select the correct valuation method in order to ensure you get the correct value for your business and don’t undervalue. Some of the methods our accountants use to value a business are:

    1. Asset Valuation
    2. Revenue multiplier
    3. Earnings multiples
    4. Discounted cash flow analysis

    It’s important to go beyond the numbers however. Our accountants will analysis your businesses growth potential and brand strength as well as the above calculation method, in order to achieve an accurate valuation.

  • Selling a business tax

    There are annual and lifetime allowances you will need to take note of as this will directly impact your appetite to sell a business and buy a business in the future. Selling a business tax comprises Capital Gains Tax (CGT), Business Asset Disposal Relief (BADR) and possibly Corporation Tax.

    Capital Gains Tax is the tax applied on the profits made from selling your business, not the total amount received from the sale. For example, if you sell your business for £100,000, whereas you acquired it for £10,000, the total gain will be £90,000. Therefore, Capital Gains Tax will apply to the £90,000 gain.

    The annual exemption for Capital Gains Tax for the tax year is £12,300 (see our capital gains service page for more details on this). Gains made under the tax-free allowance will not be subject to Capital Gains Tax.

    When selling your business, you may qualify for tax relief through Business Asset Disposal Relief. This is a reduced rate of Capital Gains Tax at 10%. You will only be able to claim this relief for gains up to £1 million throughout your lifetime. Gains above this amount are subject to standard CGT rates.

Why MJ Kane To Help Sell Your Business

Award winning services

8000 plus satisfied clients

100+ years combined industry experience

30+ Countries covered

Fixed Fee Service

Tax efficiency focused

Meet the Team

Meet the Senior Management Team

Michael Kane

Founder | Managing Partner

SME Tax Compliance | Tax Planning | Business Development

FCCA Qualified

MJ Kane

Partner | Senior Accountant

SME Tax Compliance | Crypto Taxation Compliance | Business Structuring

ACCA Qualified | BSc Hons Accounting

Jonathon Greenaway

Partner | Senior Accountant

SME Tax Compliance | Property Capital Gains | Inheritance Tax

ACCA Qualified | BSc Hons Business Studies

Need help with Accountancy? Call us today: 028 9335 0290

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