Planning for business owners
Devote more time to running your business. And less time under the sink checking the u-bend.
Having your own business, or being self-employed, is a dream for many people. But anyone who has worked hard to live that dream would be the first to admit the experience can sometimes include nightmarish elements.
There are countless things that need be done, many of which seem to advance your business not one jot. Of course, there are times when it’s easy to know what not to do. In the event of a problem with the water pipes, most business-owners will call a plumber rather than cancel that vital sales meeting and whip out a spanner themselves.
But sometimes it can be hard to separate what is merely urgent from what is truly important. Hard to know when to step back and call in an expert. The handling of your own personal finances is often a case in point.
If you are a freelancer, an independent professional or a business-owner, then dealing with your current finances, not to mention planning your financial future, presents a unique set of challenges. Challenges that really do call for specialist knowledge, hard-earned experience, and a surprising amount of time and energy.
When the situation involves a limited company, complex tax matters (IR35, anyone?), the extraction of cash from your business, or even the sale of it, things becomes even more complex. It’s not all bad news, however. It may be a cliché to say that every challenge also embodies an opportunity, but in this case that is so true. Your status as a Director or business owner also brings you a number of advantages which we at Logic Wealth Planning are able to capitalise on, to your benefit. Leaving you free to focus on the thing you’re best at – your business or profession. Not the financial equivalent of the plumbing.