Service overview
Corporate Transactions & M&A Tax Support provides tax and accounting support for business acquisitions, disposals and other corporate transactions. The work is carried out alongside the solicitors and other professional advisers involved, so that the tax and accounting position is considered as the transaction develops.
Transactions tend to raise the same practical questions. What is the tax position of the business being bought or sold? What accounting information will the other side ask for? What are the Corporation Tax and Capital Gains Tax consequences for the parties involved? What needs to be in place before completion, and what should happen afterwards? Our role is to work through those questions with you and give you clear answers within the transaction timetable.
Depending on the transaction, our support may include pre-transaction tax reviews, pre-sale accounting and tax preparation, the accounting and tax information provided to the other side, Corporation Tax considerations, relevant Capital Gains Tax considerations, tax due diligence support and appropriate post-transaction accounting and tax support.
We work with business buyers and sellers, and the scope reflects the client's role in the transaction and the tax and accounting support required. Fees are confirmed by fixed quotation, so you know the cost of the agreed work before it begins. As an AAT Licensed Accountant, VAT is not charged on our fees because we are not VAT registered.
Our role is accounting and tax support within our professional scope. Legal work connected with a transaction is a matter for appropriately qualified legal advisers, and we work with them rather than in place of them.
Pricing
Fees for corporate transaction and M&A tax support are confirmed by fixed quotation following an initial discussion about the transaction and the scope of the work involved, so you know the cost before any work begins. VAT is not charged on our fees because we are not VAT registered.
Who this service is for
- Business owners preparing to sell a company, a trade or a shareholding.
- Buyers and their advisers evaluating the tax and accounting position of a target business.
- Companies acquiring another business or a group of companies.
- Owner-managed businesses involved in a merger, restructuring or group reorganisation.
- Business owners who need accounting and tax information prepared for the other side in a transaction.
- Solicitors and transaction advisers who need accounting and tax input within a transaction timetable.
What we can help with
- Acquisition accounting and tax support
- Business disposal support
- Transaction accounting information
- Pre-transaction tax reviews
- Pre-sale accounting and tax preparation
- Corporation Tax considerations
- Relevant Capital Gains Tax considerations
- Tax Due Diligence support
- Information for transaction advisers
- Liaison with solicitors and professional advisers
- Appropriate post-transaction accounting and tax support
How it works
Initial discussion
We discuss the transaction, your role in it and the timescale, and we agree the scope of our support in writing.
Information review and preparation
We review the accounts, tax returns and records, and prepare the accounting and tax information the transaction requires.
Tax and accounting review
We consider the Corporation Tax and relevant Capital Gains Tax implications for your position and identify the points that need to be considered by you and your advisers.
Support through to completion
We respond to queries from the other side and their advisers, and provide appropriate accounting and tax support after completion. Further work is covered by a fixed quotation.
Information we may need
- Latest accounts, accounting records and bookkeeping information.
- Corporation Tax returns and computations, including losses and capital allowances brought forward.
- VAT and payroll records where relevant to the transaction.
- Details of the proposed transaction, including the heads of terms or draft agreement where available.
- Share capital information, including share classes and shareholder details.
- Details of the assets or shares being acquired or disposed of, and their acquisition dates and costs.
- Information relevant to any capital gains position, including valuations and details of any reliefs previously claimed.
- Details of the transaction timetable, completion date and the professional advisers involved.
Frequently asked questions
Related services
Scope
Accountant Bookkeeping Ltd provides accounting and tax support within our professional scope. We do not provide investment advice, corporate finance or M&A brokerage, legal due diligence, drafting of transaction documents such as share purchase agreements, legal warranties or indemnities, or reserved legal services. Complex or highly specialised matters may involve appropriately qualified specialist tax, legal or other professional advisers.
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