• Business Services

    Complementing the work of your accountant

Business Financial Planning

How we can help business owners avert crises, save money, and ultimately, buy time – through clever investing and careful planning

What can financial planning do for business owners? 

If you’re a company director yourself, you’re unlikely to know the answer to this question. And we understand why. If you already have an accountant to take care of the finance and taxation side of things, it’s natural to believe that no further opportunities to optimise your financial situation are available to you.

However, there are many aspects of what we do that can make a huge difference for business owners – and these services can dovetail seamlessly with the services provided by an accountant. That’s why we currently work with several leading accountants to help mutual clients get the most out of their businesses, and ultimately, out of life.

Explore the tabs below to learn more about the services we offer for business owners and company directors.

If you are a practising accountant, and you are interested in learning more about how we work in partnership with professionals like yourself to provide an outstanding, 360-degree service to business owners and corporate clients, please don’t hesitate to get in touch.

Lifestyle Financial Planning for Business Owners

There’s one major overhead that is unlikely to appear on your company’s end of year financial statement: your future.

As C.S. Lewis once said,

We are trained to think of the future as a promised land which only favoured heroes attain, not as something which everyone reaches, at the rate of 60 minutes per hour, whoever you are, whatever you do…

In short: the future is going to happen, regardless of whether you’re ready for it or not; regardless of whether your business can be sold or not, and regardless of whether or not your company carries on being profitable from now until the end of your working life.

The future is coming, and along with it will come a sizeable price tag.

Do you want to rely solely on the assets tied up in your business to fund your ideal post-work lifestyle?

Or could you start thinking about your future in a totally different way – a way that is strategic, detailed and built around your goals and ambitions?

If that last point piqued your interest, then you might want to get in touch. We offer a free initial consultation to all prospective clients – in which we can help you find out whether or not our services are the answer you’ve been looking for.

Enquire today using the contact form below, and we’ll take it from there.

Business Protection

SMEs employ  81.6% of the workforce in the UK. They are the lifeblood of the UK economy, and yet they are arguably under more pressure than ever before. With a breakneck rate of change, businesses today must juggle a number of challenges: Brexit, disruptive new technologies, economic pressures and ongoing changes to corporate tax policies – to name but a few.

Therefore, it’s understandable that many SME business owners are simply not aware of the measures they can take to protect their livelihoods against future crises.

Business protection is a simple tool that provides a vital safety net if one of your key people dies or becomes critically ill. That’s the basic principle, but it can take a number of different forms, depending on your most pressing liabilities:


What impact would the death of a shareholder have on your business? Unless their will states otherwise, the deceased’s share will pass to their next of kin – compromising your control over the business. Share Protection guards against this scenario. If a shareholder dies, you receive a lump sum, allowing you to buy the remainder of the business from the estate of the deceased. This means that there’s absolute clarity on who will run the business if an owner dies unexpectedly.


Do you have any particular individuals who contribute substantially to your profits? Do you know who they are? If an essential team member dies or becomes terminally or critically ill (depending on the policy), Key Person Protection can give you the financial support you need to keep trading while you find and train a replacement. It can also give you the breathing space to step back and make sound decisions about the future of the business.


Did you know that a Director’s Loan Account needs to be repaid in full on the borrower’s death? Would you be able to repay your business-related borrowings if you or one of your co-directors was diagnosed with a terminal illness? Business Loan Protection can provide the funds to settle outstanding business debts if you die or fall terminally or critically ill (depending on the policy), taking the burden off the business and the people who depend on it.


Do you currently have life cover? Or want to provide death in service benefits for your employees? While not strictly a business policy, a Relevant Life Plan is a tax-efficient way of arranging life insurance through your company. Because it counts as an allowable business expense, it qualifies for Corporation Tax relief – and there’s no additional NI or Income Tax to pay. This can lead to substantial savings on your standard life assurance premiums.


Auto Enrolment is the Government’s key strategy to boost retirement saving among UK workers, at a time when employers have been closing company schemes, particularly the most generous final-salary pensions.

For the first time employers are required by law to automatically enrol all eligible workers into a workplace pension and make a contribution to it. The Pensions Regulator is responsible for ensuring employers comply with the new law and have produced guidance to help employers to do this. They will write to each employer before the date they are required to start enrolling workers into a workplace pension, and depending on employer size, on at least one other occasion.

Compliance with auto-enrolment doesn’t have to be complicated. If you would like to find out more about how we can help, please get in touch via the contact form below.

Enquire Today

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© 2019 Thomas Heald Limited. All rights reserved. Thomas Heald Limited (FCA No. 492792) and Thomas Heald Solutions Limited (FCA No. 528610) are entered on the FCA Register at https://register.fca.org.uk/. Registered in England No: 06622318. Registered Address: 6 Feast Field, Horsforth, Leeds, West Yorkshire, LS18 4TJ. Chesterfield Branch Address: 11 Napier Court, Gander Lane, Barlborough Links, Chesterfield, Derbyshire, S43 4PZ.

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