How We Help Ensure A Tax Efficient Exit That Achieves Your Desired Outcomes
At Cognitor, we understand that everyone has different objectives for owning a business and that the issue of how and when to leave can be very personal.
For some, the exit strategy has been known and understood from the outset, but for the majority, how and when to leave your business is an issue that may never have been fully considered. Having the benefit of independent advice can be immensely useful in ensuring that your exit is smooth, timely and meets all the objectives that you originally set out to achieve.
Cognitor can not only help you to determine your exit strategy but can also help create the plan that delivers it, so that you maximise your income in retirement and save tax. For many a successful exit from their business is achieved by a profitable sale to a third party or to the handing over of the company to a nominated successor. Cognitor can help prepare the financial information necessary for both of these scenarios as well as determining and identifying potential recipients.
Georgina Broadley, (former owner of) fauxPlay:
Like anyone selling up, I wanted to get the best possible price for my business and pay out the lowest amount in tax that was legally possible. Cognitor structured the deal accordingly, dealt with the documents for the sale of the business and ensured I received the monies in the most tax efficient way possible. I was very pleasantly surprised at how much this reduced what I thought I was going to pay and how swiftly they dealt with everything, including my tax returns in subsequent years.