The Challenges Facing Irish Entrepreneurial Businesses – Succession Planning

Partner Content, Video | Wed 7 Nov | Author – Business & Finance
Mazars Ireland’s Tax Partner Alan Murray

Mazars Ireland’s Tax Partner Alan Murray takes us through the key considerations when beginning the succession plan for entrepreneurial business owners; and the importance of early planning to avoid any additional or unnecessary tax costs.

PARTNER CONTENT IN ASSOCIATION WITH MAZARS

There are a number of areas to focus on when considering succession planning, including pensions, business assets, wills, lifetime thresholds, transfer of business and additional reliefs and exemptions. In the latest episode of the series, Alan outlines what succession planning really means in practice and the key steps entrepreneurial business owners should take when devising the succession plan for their business.

To find out more, watch the full interview here:

See our previous interview with Audit & Advisory Partner Emer O’Riordan on Driving the Value of your Business here and with Tax Director Ken Killoran on incentivising staff here.

At Mazars, working closely with and studying entrepreneurial businesses has highlighted many common challenges facing these companies regardless of their business model or sector. These challenges range broadly from implementing long-term business strategies to the issues surrounding succession planning. At Mazars we are dedicated to helping those who lead entrepreneurial businesses to re-align the focus required to maximise the long-term value of their business.

For more information please see details of the Mazars Optimize programme www.mazars.ie/Home/Optimize