Adding value to your business – Putting ALL revenue through the books
Some owners of small businesses are tempted to minimise taxation by not putting all income into the bank, or “through the books”. Many years ago this was thought to be a clever way to run a business, and enjoy a little “spending money” – and reduce tax. Not now. Today, it is simply more efficient, and straightforward to declare all income , and present a set of clean, transparent accounts to a buyer. Apart from avoiding prosecution, it is a fact that if you want to get the best possible price for your business , there....