Financial Planning For Business Owners

We understand that building a successful business takes time, commitment, sacrifice and determination. Years of hard work are put into developing and expanding your business to ensure it continues to grow and adapt to change.

We can offer specialist financial advice throughout your journey, from the very first steps of starting a business right through to selling or exiting* a business. Our aim is to guide you through the maze of options available to help you achieve your very best outcome.

Managing Corporate Cash

As a Partner Practice of St. James’s Place we can introduce you to Flagstone, who are the preferred cash management provider of St. James’s Place. Flagstone provides an online cash management portal designed for businesses. The platform allows you to manage your corporate cash across a panel of over 40+ banks. All of the banks on the platform satisfy a thorough due diligence process, with the financial strength ratings of every bank readily available at the touch of a button.

For many corporate bank accounts interest is non existent. Just a few clicks using this portal quickly identifies the best interest rates available. Not only when you first deposit, but every time a new interest rate becomes available on the platform, some of which are exclusive to Flagstone. Meaning that you never miss an opportunity to get more interest on your corporate cash.

*Exit Strategies may include the referral to a service that is separate and distinct to those offered by St. James’s Place or Calver Wealth management.

business planning meeting

Just one application gives you access to deposit corporate cash across multiple banks on the platform where you can manage risk through diversification. Every bank on the platform is covered by the Financial Services Compensation Scheme. Therefore, providing you with protection of up to £85,000 on each account.

Flagstone requires a minimum cash deposit of £50,000 and is authorised and regulated by the Financial Conduct Authority.

To gain more interest, with less risk, please get in touch to find out more.

Corporate Investments

If your business is holding surplus cash on deposit, a possible solution for your company is to look at Corporate Investments. This could help achieve a better return than a deposit account, not only to try to keep pace with inflation, but with the intention of beating it. Aiming to provide superior investment returns over the medium to longer term. The investment can also be structured in the most tax efficient way.

It is imperative to structure these investments correctly to suit your business and to maximise the tax advantages available, so please do contact us for further information.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested. An investment in equities does not provide the security of capital associated with a deposit account with a bank or building society.

Protecting your Business

Insurance planning is one of the most important aspects of financial planning that a business owner needs to consider. We strongly believe that business protection should be reviewed not just at the beginning of your company’s’ journey, but at least every single year going forward. As we all know, life can change very quickly,  and as a business grows,  the need to protect its future increases.

There are often issues around insurance that you might not immediately consider when owning a business.

Did you know for example that:

1 - A UK small businesses could cease trading in less than a year, should a key employee die or be diagnosed with a critical illness and be unable to work. This can be potentially alleviated with Key Person Insurance.

2 - Businesses which have debts or loans could benefit from business loan protection. Business Loan Protection insures the value of the debt, alleviating potential financial strain on the business in the event of death or critical illness.

3 - Some businesses have no specific arrangements for their shares on death. Shareholder Protection can help insure against this risk.

4 - Death in Service schemes are popular insurance policies for companies, yet many people do not realise a more tax efficient option could be used through relevant life and excepted group life schemes.

We can also provide advice and guidance on employee benefits packages such as group income protection schemes.

There are always solutions to be found, and we can help advise on a vast array of those options.

Business planning meeting

My Business is my Pension

This is a sentence we hear a lot. It’s great to have a successful business which you hope to use to fund your retirement. However, it is important to consider all of your options when planning for retirement to give you the best chance of success.

Your business can also help fund your retirement in a very tax efficient way, by potentially extracting profits and investing them into a pension scheme. This may help to reduce corporation tax, national insurance and income tax. A retirement plan separate from your business can also provide you with diversification in future planning.

Pensions also have the additional benefits of being potentially inheritance tax free and protected against bankruptcy.

There are many ways to plan for your retirement as a business owner and its imperative to have a clear understanding on all of your options.

We can also help provide advice on group pension schemes, executive pension arrangements and trustee-based arrangements.

We would be pleased to provide a full business health check to review all of these areas.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.

Get in touch today to discuss your business