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Succession planning

Kirk Rice

Protect Your Business and Family with Effective Succession Planning

If you are a business owner considering how your business will continue when you retire, succession planning can help you prepare for a future change in ownership.

Kirk Rice provides business succession planning advice, including:

Planning who will take over the business and when
Options for transferring shares to existing partners or shareholders
Funding a sale to management or senior staff
Tax planning for inheritance tax and capital gains tax
Planning for a business sale or transfer

Our team can help you identify potential risks and consider how your business should be structured to meet your longer-term goals.

If you would like to discuss succession planning for your business, please contact info@kirkrice.co.uk.

What should be covered in a business succession plan?

A well-structured plan can reduce risk, support tax efficiency, and provide clarity around future ownership. Depending on your business, it might address:

Who will take over the business (and when)
Whether there’s demand for the business if sold
Options for transferring shares to existing partners or shareholders
How to fund a sale to management or senior staff
Tax planning for inheritance tax and capital gains tax

If two parties agree to buy each other out, for example, where is the money? These are the kinds of questions a robust succession plan should address.

Why it pays to get advice

Every business is different, and a ‘one-size-fits-all’ approach rarely works.

With the right advice, you can spot risks early and ensure your business is structured to reduce tax exposure while meeting your longer-term goals.

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Book a free initial call with one of our team.

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If you have any questions, please get in touch

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Start with a no-obligation meeting

Succession planning starts with understanding your goals. That’s why we offer a no-cost, no-obligation meeting with one of our experienced financial planners.

We’ll take the time to understand your business, your future plans, and your risk appetite. From there, we’ll outline how we can help. Get in touch with us at info@kirkrice.co.uk

Once you’ve agreed the next steps, we take care of the implementation and ongoing reviews, if appropriate.

Our Team

Meet our experts.

Gauhar joined the firm’s General Practice team in 2017 where he brought with him a range of experience servicing OMBs and SMEs. Having expanded his expertise into personal and corporation tax, he moved to our Tax Specialist team in 2019 to support our individual and corporate clients across various areas of tax. He has subsequently also qualified as a Chartered Tax Advisor. Gauhar Chaudhary Director - Tax North Hampshire
Alex is a Chartered Tax Adviser and Chartered Accountant with over 15 years experience in tax. He joined Kirk Rice in 2021. Alex advises businesses ranging from small and medium sized firms to large groups and has particular experience in corporate restructures, share schemes and M&A advice. Outside of work Alex is married with 2 boys and enjoys following the fortunes of Tottenham Hotspur when time permits. Alex Taylor Partner - Corporate Tax Thames Valley
Richard joined Kirk Rice in 2024 having spent 15 years as a tax partner at Rice Associates. He advises clients from individual business owners to large corporate clients. Outside of work he enjoys outdoor life including running, cycling, and swimming plus spending time with his family. Richard Somerville Partner - Tax Thames Valley

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 Trustindex verifies that the original source of the review is Google. I have used Kirk Rice for nearly 20 years, for two businesses, numerous purchases of other businesses and two business sales, all our personal Tax and a tremendous amount of business and personal advice. My number one place to get advice from, and a trusted advisor.
  
 
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 Trustindex verifies that the original source of the review is Google. I would highly recommend Jane Page
We had an extensive tax return including pensions sale of property abroad rental income and earnings
Jane explained very clearly and precisely the return and how it was calculated ..
We had plenty of time to get the information and Jane was always on hand to explain the next step
Thanks
Stephen
  
 
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 Trustindex verifies that the original source of the review is Google. Kirk Rice's accountants have been patient, thorough, and knowledgable in helping me with my tax return.
  
 
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 Trustindex verifies that the original source of the review is Google. I have been using Kirk Rice for over 20 years for my personal tax returns. The team provide me with a clear layout of items, so I fully understand how my tax bill is calculated, with all the relevant tax allowances included. If I have any queries on the figures (which is very rare), they are always keen to explain how the figures were calculated. I highly recommend Kirk Rice’s services …. Good to know I have fully verified records being sent to the HMRC.
  
 
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   Len Ve 
 
 
 
 Trustindex verifies that the original source of the review is Google. I have been a client of Kirk Rice LLP for almost 20 years and always appreciated their very professional, efficient and timely assistance  in all matters of personal taxation. Their advisers are very friendly and capable to discuss and explain rather complex issues in clear terms.
  
 
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 Trustindex verifies that the original source of the review is Google. The Kirk Rice team are very professional, we have used the Financial Advisory and Tax Advice teams and are very pleased with the service provided. They were also great at chasing us for information without being too pushy!
  
 
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 Trustindex verifies that the original source of the review is Google. I have dealt with Kirk Rice over the last 20 years with various companies that I have been involved with, I have always found them to be proactive and knowledgeable in all elements of taxation corporate and personal affairs.
  
 
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 Trustindex verifies that the original source of the review is Google. Amanda has been dealing with my tax issues for the past few years, and has made the whole experience totally  stress free  with her efficiency, knowledge and can do attitude. They are simply a lovley company to deal with.
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 Trustindex verifies that the original source of the review is Google. I have been using Kirk Rice for over ten years, to handle both personal (Amanda Giles) and corporate tax affairs (Sarah Goodwin). I have always found them friendly and efficient, and their advice has been excellent.
  
 
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 Trustindex verifies that the original source of the review is Google. I have been very well looked after by Amanda Giles and the rest of the Kirk Rice team for many years now. They always sort out my tax return efficiently, promptly, and courteously, and I would therefore have no hesitation whatsoever in recommending them.
  
 
  
  
 
 
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Contact Kirk Rice

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Succession planning

Protect Your Business and Family with Effective Succession Planning

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Making Tax Digital

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What should be covered in a business succession plan?

Why it pays to get advice

Free discovery call

If you have any questions, please get in touch

Our business advisory services

Business Valuations

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Business Exit Strategies

Employee Share Schemes

Get In Touch

Start with a no-obligation meeting

How can we help you? Enquire now using the form, or call us on the numbers below.

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