Although most owners of businesses recognise the importance of looking ahead in order to plan for their succession in the business and realise the prospect of personal retirement, in practice this process often calls for difficult decisions to be made and a variety of options to be considered.
Although there are many strategic exit routes available to owner-managers, one key element in the plan is whether the future of the business is to remain in the hands of family or non-family members.
Ritson Smith works closely with clients on the long-term planning of their eventual succession. We identify the challenges presented by the various options, help the current owners to choose the most satisfactory route and produce the most tax-efficient proposals.
Ritson Smith’s busy audit and accounts department performs a wide range of services for clients in virtually every business sector, ranging in size from sole traders to large limited companies with international connections.
At Ritson Smith we try to make the audit process as painless as possible. Our staff are experienced in dealing with a wide variety of clients and systems and will tailor the testing to minimise the disruption to your working day.
Ritson Smith's tax specialists not only help you avoid tax penalties, but also draw up detailed plans to ensure you can gain the maximum legitimate benefits from all current sources of tax relief.
Our highly experienced team of corporate finance professionals works not only with client companies and personal investors but also with banks, venture capitalists, financial institutions, management teams and non-client businesses.
Whatever the challenges, Ritson Smith's highly experienced specialist Business Recovery team, headed up by partner Ewen Alexander, is trained to seek out innovative and practical solutions for under-performing businesses.
Our litigation support team, led by Niall Farquharson an accredited expert witness, has worked with the legal profession to provide expert opinions across a wide range of issues.
We can provide a partial or full outsourcing service which is tailored to your needs and can provide you with reliable, up to date management information on which effective business decisions can be made.
RS Payroll is a BACS registered bureau service for the outsourcing of your payroll processing