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

December 1, 2025

HMRC Fixes SA302 Issue Affecting Class 2 National Insurance for 2024/25

Some self-employed taxpayers who filed their 2024/25 self-assessment tax return may have been incorrectly asked to pay class 2 national insurance contributions (NIC) on their SA302 tax calculation. HM Revenue & Customs (HMRC) has now confirmed that this issue has been fixed.
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November 28, 2025

Choosing the Right Accounting System for Your Business

For many sole traders and small business owners, reviewing their accounting system only happens when something forces the issue. For instance, many sole traders are currently looking at whether their accounting system meets the requirements for Making Tax Digital for Income Tax.
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