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Growth is a positive sign in any business. Increased turnover, stronger profits and a more established market position all point in the right direction.

However, as profits increase, so too does the importance of how those profits are structured, extracted and reinvested. What worked from a tax perspective in the early stages of a business does not always remain the most effective approach as the business grows.

Inheritance Tax isn’t something most business owners spend much time thinking about and that’s understandable.

When you’re focused on running and growing a business, it often sits in the background as something to deal with later.

By now, most business owners have heard about Making Tax Digital.

There’s been plenty of noise around it.

Deadlines. Software. Quarterly submissions.

And for many, the focus has been on getting set up but the reality is…

That’s only one part of the picture.

There’s a point in every business where things start to shift.

Turnover increases.
The team grows.
Decisions carry more weight.

From the outside, everything looks like it’s moving in the right direction.

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