How we help business owners and self-employed clients achieve their financial goals

Whether you’re making the transition from being employed to setting up your own business or are already running a business, navigating finances can be a struggle.

In the second of a series of case studies showcasing some of the work we’ve done, learn how we can help if you’re self-employed or run your own business.

Murray is a perfect example of how we can help you to establish good financial habits, and how sensible tax planning can support the journey towards your long-term goals and retirement plans.

Meet Murray, who needed help transitioning from PAYE to self-employed

Murray is quick to admit that his “knowledge of finance is fairly basic, and the world of pensions is fairly difficult to navigate”.

He contacted Lloyd after hearing glowing recommendations about Delaunay Wealth from several colleagues. Following a couple of chats, Murray and Lloyd got on well and they’ve been working together for around 20 years.

When he first started working with Lloyd, Murray was employed on a PAYE set up. Several years on, he decided to set up his own company.

Action

Moving from PAYE to becoming self-employed can feel daunting. In this case, we helped Murray through the process of setting up his own company, in particular how best to utilise payments and tax.

We also advised him about appropriate ways to plan his company and how cash flow should work.

Cashflow forecasting helped Murray to visualise his finances. The intelligent software gave Murray a detailed picture of his assets, investments, debts, income and expenditure, providing a snapshot into the future, and have helped him to make informed decisions along the way.

Watch: Murray Rose tells his story

Murray is just one of many self-employed clients we’ve helped over the years.

Here’s an overview of five key ways we can support you, and your self-employed and business owner clients:

1. Understanding goals and vision – Personal and business goals are closely related. We’ll understand what they are and use them to create a bespoke and proactive plan for the future.
2. Forming a business strategy – We’ve been in your shoes, so we’re well placed to build you a strategy based on short-, medium- and long-term goals.
3. Tailored tax-efficient solutions – We can help you with Corporate Tax and director remuneration strategies to ensure your business runs as tax-efficiently as possible.
4. Planning for your future – Where appropriate, we’ll tap into the tax benefits associated with your pension to purchase business premises and factories, helping to reduce funding costs.
5. Implementing employee benefit schemes – From flexible benefits to salary sacrifice, health and key person insurance, we’ll take care of everything for you.

And if there’s something on your mind, Lloyd is only ever a call away.

As Murray says: “The thing about Lloyd is he’s always there. You can send him an email if you’ve got a query or some financial question, and he’ll reply with ‘What are you doing at 10 o’clock tomorrow morning? Should we have a chat?’.

“He’s got all the answers that are needed, so you can rest assured that the information is there and you can make a decision…”

Result

Having worked with Lloyd for 20 years, Murray relies on Lloyd to help him make the most of granular tax allowances and the more complicated areas of his financial plan.

Because Lloyd is a great communicator and valuable financial guide, Murray has also recommended Delaunay Wealth to several of his friends.

As Murray says, “(Lloyd) has had a few client referrals from me who are all very happy […] for the same reasons as me. You may have friends who probably don’t know that much about financial basics, but he’s there to help map out their future financial plans”.

Key takeaways

In the long run, it can pay to delegate your financial responsibilities to an expert who knows what they’re doing.

Wherever you’re at in your financial journey, Lloyd and the Delaunay Wealth team are here to help you achieve your long-term business and financial goals.

Your business is just one aspect of your life, so it’s important not to forget your personal goals and dreams. Rest assured that we’ll consider your long-term plans, retirement dreams, and tax planning to help you achieve your goals.

Whether you’re making the transition from employed to self-employed or are starting to think about how to exit your business and enjoy a comfortable retirement, we can provide the reassurance and guidance you need to succeed.

Get in touch

To find out more about how we could help you or your clients achieve their business and personal goals, please get in touch.

Email mail@delaunaywealth.com or call us on 0345 505 3500.

Please note

This article is for general information only and does not constitute advice. The information is aimed at retail clients only.

All information is correct at the time of writing and is subject to change in the future.

The Financial Conduct Authority does not regulate cashflow planning or tax planning.