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18th June 2015

Minimise the family tax bill

IN the same way that the family is the bedrock of society, the family business is still the mainstay of the business community and the market economy.

For these businesses, tax is a real cost and in order to ensure that businesses make a reasonable return for the risks of being in business we need to manage both the tax cost of the business and that of the owners of the business.

Whilst the reduction of corporation tax to 20 per cent has given many businesses the confidence to grow the complexity of the tax system, rewarding the owners for their efforts in many ways represents a greater