Finance & Tax

Financial and tax considerations specific to family-run businesses and their unique structures. Articles address allowances, profit management, family wages and protecting personal assets.

Build Personal Credit Records as a Family

Help your family build strong credit by leveraging your business accounts and teaching younger members financial responsibility.

Business Expenses and the Home Office

If your business runs from home, you can write off a portion of household bills and other expenses against your profits to reduce your tax bill.

Establishing Capital Without Demand on Share Dividends

How to build up capital in a family business without upsetting shareholders who want their dividends paid out.

Explaining Difficult Financial Decisions to Shareholders

Help shareholders understand tough business decisions by presenting complex ideas clearly and simply.

How to Franchise a Family Business

Turn your family business into a franchise to expand growth while keeping control of what makes it successful.

How to Make Full Use of Your Family's Tax Allowances

Stop wasting your family's tax allowance: here's how to use both personal allowances if only one person works.

Joint Investments and Family Businesses

How to protect yourself when investing jointly with family in a business or account.

Managing Profits and Re-investment

How to balance taking profits from your business with reinvesting them for growth.

Protecting Domestic Finances from the Family Business

Keep your personal finances safe from family business troubles by maintaining clear separation between the two.

Working Out Family Wages

How to set fair wages in a family business without creating conflict down the line.