Business expansion identifies potential tax issues
Case Study21st Dec 2021
Contributors
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Our Client
A local retailer was looking to expand their market coverage by opening new branches through acquisition to then subsequently develop the facilities to increase their service offering.
Our Approach
- Assisted with financial projections for bank funding
- Advised on appropriate deal structure
- Advised on the type of capital expenditure that would give best tax allowances
- Considered tax position of seller
- Identified areas where investment could be more tax efficient
- Practical guidance on benefits of expansion
The Outcome
- By providing support through the acquisition process our clients limited resources could focus on their day job
- Through supporting with due diligence and review of legal agreements we could highlight any risks that existed and give client ability to make decisions that gave peace of mind
- Support on areas where they didn’t have expertise internally
- Potential tax issues identified
- Allowed client to focus on commercial aspects of the investment
- Guidance on best form of capital expenditure
- By providing audit and corporate tax services for several years the client had confidence that we could support them as they looked to grow their business
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