Krushi Hindocha

Away for a week following the election results and lots to catch up on ........ starting with how we expect Labour to implement their first steps for change, in order to meet their pledge to get “Britain’s future back”. Lots to consider for individuals, families and business owners. Find out how the proposed changes could affect you ➡ https://lnkd.in/eQR6mBYF #financialplanning #taxplanning #wealthmanagement #businessowner #tax

9

Forvis Mazars has been awarded the 2024 Money Marketing Awards "Best Investment Advice Firm" 🏆 The awards took place last Thursday and celebrated the sector’s best advisers and providers 🤝 Read more ➡ https://lnkd.in/etGpA4vi #Awards #WeAreForvisMazars #Investing #MMAwards24

2

More than one third (35%) of Scottish businesses have experienced fraud in the last five years, a new survey from BDO has found.

3

All very true. Empathy and understanding and expert knowledge aquired over a long and successful career. The portfolio FD should deliver everything that the client needs from an FD in just a few hours per month. #portfoliofd #parttimefd #financedirector

6

1 Comment

The budget could have a big impact due to the NI contribution rate increase and the threshold decrease , have you worked out what it means for your practice? Check out this insight by Nick Stevenson #healthcare #mha #budget

8

Often the focus is on IFRS accounting developments. However changes are afoot for FRS 102 reporters as well. The purpose of the accounting development session last week wasn't to "scare" - but 'prepare'. Great event and well led by Alice Powell Martin Haynes Richard Veysey As Alice mentions, reach out for further queries. #pwc #accounting #CMAS

8

I've had some interesting and insightful conversations with business owners and entrepreneurs recently, and one recurring concern is the potential impact of a Capital Gains Tax increase under a new government. With the possibility of changes in government policies, it's important to be proactive and informed about how this could affect succession and de-risking events for shareholders. I've found Dan Hartland's thoughts below to be as helpful as always. #CGT #GTDeals

28

A positive outcome for Tasty plc and another great result for the FRP Advisory team demonstrating that a restructuring plan remains a viable option for mid-market businesses to restructure their finances and operations to avoid an insolvency process. If you’d like to understand more about restructuring plans please contact me, Phil Reynolds or your local FRP Advisory office. #frpadvisory #restructuring #businessrescue

53

Some further thoughts on the recent published changes to FRS102 from Jennifer Ilsley and team - well worth a watch on your lunchbreak! #financialreporting #frs102 #grantthornton

3

1 Comment

Absolutely astonishing stories in this article (good reporting from BBC News ) that highlights that not all are obviously working. What it also reinforces is the need for balance on tax & spend matters in this week’s #Budget. The person in receipt of benefits who would be earning £42,000 a year if working to receive their current take home ‘pay’ must, together with those in similar situations, get back into work. It is very easy for some to think that public spending is a never ending flow of cash BUT without the private sector - workers, savers, investors - there can be no public sector at all. Wealth cannot be seen as a dirty word. https://lnkd.in/e9Z756vY

13

11 Comments

🚨 Business Owners and Shareholders! 🚨 With significant changes to #BusinessRelief and Agricultural Relief coming in April 2026, now is the time to review your #succession or exit plans. 🗓️ In our recent webinar, we explored various options available to you, along with other important updates from the Autumn Budget. 📊 There is still a window of time should you want or need to make changes to your existing plans, but such major decisions take time to ensure you have a plan that works for you and your business. Being prepared for the changes will allow you to safeguard your business's future. 🔗 Click here to learn more and watch the webinar replay on our website: https://lnkd.in/dMjkPgjU #Businessplanning #Successionplanning #Tax Jamie Rhodes Chloe Ellis Alex Baskeyfield Robert Barwise-Carr

16

HOT OFF THE PRESS - OUR SUSTAINABILITY ADVISORY OFFERING IS HERE🗞️ 💥 We’ve always been open about our Sustainability journey at Cooper Parry. We’ve talked about the struggles, the celebrations and the milestones. From appointing Nicoleta as our Head of Sustainability, to becoming B Corp certified in 2023, they’ve all been steps in a mission we’ve set out on together. 💚 Now, we’re going to be sharing our learnings and supporting you. 🫵 That’s right. We’re delighted to say our Sustainability Advisory offering is here. Featuring five services that will develop, educate and improve your business’ knowledge, processes and impact. 🌱 Nicoleta and the team will bring the same passion they’ve always applied to CP’s eco-efforts to your business. And if you'd like to find out more about how they can help, click here: https://lnkd.in/d8sqUX8s #Sustainability #SustainabilityAdvisory #CarbonFootprint #ESG #ESGReporting #Assurance #BCorp

15

1 Comment

Autumn 2024 Budget Highlights for UK SMEs 📊 Chancellor Rachel Reeves’ Autumn 2024 Budget, presented on 30 October, brings impactful changes for UK businesses, focusing on fiscal stability and investment. Here’s a summary of key elements: No Rise in Key Taxes 🚫 Income Tax, VAT, and Corporation Tax (CT) rates remain steady, with CT capped at 25% for small profits. Full Expensing, Annual Investment Allowance, and R&D reliefs are maintained. Employers’ National Insurance Increase 💷 From April 2025, the rate rises to 15%, with the threshold lowering to £5,000. This change could affect salary structures and increase costs for employers, potentially encouraging a shift to contractor hiring. Enhanced Employment Allowance 💼 To offset National Insurance increases, Employment Allowance doubles to £10,500, benefiting smaller businesses. National Living Wage Increase 📈 Effective April 2025, the National Living Wage will increase by 6.7% to £12.21/hour. The National Minimum Wage also rises, with potential cost implications for employers. Capital Gains Tax (CGT) Adjustments 💰 CGT rates increase by up to 8 percentage points, with business disposal reliefs gradually rising through 2026, aimed at supporting entrepreneurship. Fuel Duty Frozen ⛽ No increase in Fuel Duty until March 2026, providing relief to businesses dependent on transportation. Stamp Duty Land Tax Changes 🏡 An increase to 5% for additional properties from 31 October 2024, designed to support primary homebuyers. This budget brings a blend of tax increases and relief measures, presenting both challenges and opportunities for UK SMEs. Business owners may need to adapt strategies to manage rising employment and operational costs while leveraging reliefs and allowances.

3

Uncover strategic data opportunities in the face of regulatory challenges. Discover how CFOs, CIOs, and CTOs play critical roles in aligning technology investments with data strategy. Find out more in PwC UK's research. #DataStrategy #TaxCompliance #DataTransformation #ConnectedTaxCompliance.

1

The Chancellor’s gloomy diagnosis is increasingly at odds with the country’s rosier outlook. The Bank of England upgraded its forecasts for the UK economy (to grow by 1.25pc this year, more than twice the 0.5pc it predicted just three months ago) and cut interest rates for the first time in four years, a sign that the inflation crisis is finally coming to an end. It comes after what one Office for National Statistics official called “gangbusters” growth in the first three months of the year and amid indications that the second quarter has also been strong. Bank officials also upgraded their forecasts for business investment, workers’ incomes and productivity growth in a series of across-the-board improvements to the economic outlook. #Growth #UKEconomy https://lnkd.in/eKPzRu74

18

8 Comments

Supporting business growth and investment is vital to move the economy forward.

6