Accountancy for family businesses

At McPhersons Chartered Accountants and Tax Advisors we understand the crucial role family businesses play in the UK economy.

We also understand that family businesses require all the same day-to-day accountancy, business advisory and tax support – as well as bespoke advice on specific issues – as any business.

So for some family business clients we provide a complete outsourced business support service, including bookkeeping, management accounts, payroll and VAT.

For others that deal with their own financial administration, we can prepare annual accounts or carry out the annual audit. Or we may advise on raising finance when a family business wants to invest in expansion or in another company.

We also look at family businesses from other angles, including the tax complexities created by the close relationship between business and family finances.

And we offer expert succession planning services to help family firms put in place and implement strategies to help them to continue to develop, grow and achieve more.

That may include grooming younger family members to succeed and take the business through another phase in its lifecycle. Or we can advise on structuring a sale – or advising on a management buyout – to maximise the financial outcome if there is no successor generation or if younger relatives do not wish to take the business on. Our family business services include:

For more information on how McPhersons Chartered Accountants and Tax Advisors in Hastings and Bexhill can help you, please contact us.

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