Hi Alex thanks for your response. We don't have an accountant per se rather someone that does the books and sends info out on our behalf. At the moment we have a series of contracts worth about 400k over the next year or so, plus we have 5 staff including ourselves, and assets such as computers, software and furniture. We also have a healthy amount of other work lined up so there's a lot of stability there.
Thank you. Would I be liable to any form of taxation if I sold the share of the business? Also on the business valuation do the assets
count towards the value; i.e. staff or is that included in the annual turnover figure? Finally if we had a low annual turnover the year before but are destined for a high one end of next year is there a way of factoring this? Many thanks
Im abroad hence the odd time postings to the right if you're wondering.
For the tax liability does that count if I don't live in the UK? Also do the assets such as staff count towards the valuation or is this all included in the turn over valuation?
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