Advisory services
Exiting your business
Whether you are planning ahead to retirement or wish to move on to a new venture, it pays to plan ahead.
If you are looking to exit your business you will need to decide whether you wish to sell the business – either in part or in full – or hand over the reins to someone else.
Our experts can help you explore your options and ensure that the transaction is handled tax efficiently from start to finish.
If you wish to pass the business on to another director or member of the family, we can help you put in place effective succession plans, ensuring that your company is in great shape for future generations.
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LATEST NEWS FROM Bishops
August 27, 2026
Cost of business crisis for British SMEs
UK businesses are facing a “cost of business crisis”, according to the British Chambers of Commerce (BCC). Its new cost-stack calculator shows government policy alone has pushed up an average firm's expenses by 70% over the past decade, adding roughly £827,000 a year in costs for a typical mid-sized business. About a quarter of the rise stems from the increase in employer National Insurance contributions, with the higher minimum wage and mandatory pension auto-enrolment also major contributors.
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August 26, 2026
Making Tax Digital for Income Tax first quarter statistics published
Under Making Tax Digital (MTD) for Income Tax, sole traders and landlords with income of more than £50,000 have been required to keep digital records and send quarterly updates to HMRC since 6 April 2026.
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