How to Pay 0% Tax When Selling Your Company

Tax Free Company Exits; Employee Ownership Trusts, EOTs, can allow Owner Directors to sell their companies without paying any Tax. Before April 2020, subject to meeting certain criteria, director shareholders could sell their shares and only pay 10% on gains up to a lifetime limit of £10m. That was the Entrepreneurs Capital Gains Tax Rate. … Read more »

Director Advice Strategic Planning and Coaching

Director Advice Strategic Planning and Coaching Highly Effective Boards have very strong strategic planning skills. The latest research by McKinsey and others has overwhelmingly concluded that a sound strategy with a strong implementation approach is essential to sustainable success. Not surprisingly many of the elements necessary for the successful coaching and development of Directors and… Read more »

Boardroom Thinking in Uncertain Times

Strategic Boardroom Thinking today in such rapidly changing, and to a degree chaotic, times is exceptionally difficult. We are in a period or massive upheaval within the UK economy and in the world generally. Globally it is not just the economy that is in turmoil, but also International relations due to the war in Ukraine… Read more »

David and Goliath

David and Goliath

The Professional Directors Association received an email on 3 August from Dr Roger Barker, the Director of Policy and Governance at the Institute of Directors. In that email he wrote, “I have been asked to contact you by the IoD Director General” and later wrote, “The IoD is concerned about the apparent similarity of the… Read more »

Leading Remote Teams Leading Remote Teams – Top 12 Tips

Introduction These are difficult times, most staff are feeling isolated from their friends, family and their workplace colleagues.  They miss their colleagues, the workplace banter and the normally constant reassurance as to their fit and importance to the organisation.  They are feeling anxious about their future, both health-wise and job-wise. It is of paramount importance… Read more »

Board Directors must by law …

Board Directors must by law participate fully in Board discussions. You have to “exercise Independent Judgement” under s173 of the CA2006 (Companies Act). You must also “exercise Reasonable Care, Skill and Diligence”, under s174 of the CA2006. You can only fulfil your S173 and s174 duties, if you pay proper attention to the subject being… Read more »