Helm (formerly The Supper Club)’s Post

🚀 Ready to Launch Your Dream Business? 🚀 Starting a new business is an exciting journey, but being prepared is essential! Our latest edition of Tax Talk is here to guide you with 11 crucial points to ponder before taking the plunge. Whether you're a budding entrepreneur or an experienced professional looking to start a new venture, this month's blog covers everything you need to consider. Take advantage of these essential tips and insights that could make all the difference in your entrepreneurial journey. https://lnkd.in/gSVSBdJV #taxstuff #taxtalk #newbusiness #entrepreneurship #businesstips #startupsuccess #financialplanning

The government is required to put a percentage of investments into #SmallBusinesses when it comes to the various products and services it needs. In today's competative marketplace, this could be the boost that small businesses need to thrive. If small businesses want to secure a sustainable foundation for their future, they should take the time to educate themselves about #GovernmentContracts and different federal opportunities. A little effort could go a long way! #Entrepreneurship

✅ Entrepreneurs’ Relief is vital in encouraging people to start their own businesses. 📊 Our research shows that 83% plan to use it in the future. We told The Times how scrapping it would be a mistake 👇 🔗 https://lnkd.in/ePBy6kFJ #AutumnBudget #Entrepreneurs #SmallBusinesses

Small business resilience is back! 🚀💪 After challenging times, ambition and optimism are driving a new wave of entrepreneurial spirit. Read about the resurgence of small business ambition: https://ow.ly/Yxxb50TfmiR #SmallBusiness #Entrepreneurship #BusinessRecovery #Resilience #BusinessGrowth

📰 Our fight against a significant increase in Capital Gains Tax is ongoing. Read my op-ed in today's City AM, and get behind us if you support this. It's crucial to support entrepreneurs who drive economic growth by creating value. At Helm (formerly The Supper Club), we are deeply concerned about the potential CGT hike and urge government officials to consider the implications. Rt Hon Rachel Reeves - Jonathan Reynolds MP #founders #entrepreneurs #scaleups #businessgrowth 👉 Link to the op-ed: https://lnkd.in/eiGDQDd7

Learn about the complexities of profit sharing in an LLC, along with other inquiries on distributing and allocating profits. Gain valuable insights here: https://lnkd.in/gJhwEy5m? #entrepreneurship #limitedliabilitycompany #profitsplitting

Small business owners are feeling optimistic about the economy! Confidence is rising as many expect better conditions ahead, despite past challenges. Check out the full report: [link](https://lnkd.in/gidqTFau) #SmallBusiness #Economy #Entrepreneurship #BusinessGrowth #Optimism

New survey finds "economic optimism among smaller employers is at a 22-year high." Creating 46% of the jobs nationwide, small business owner confidence bodes well for local economies in 2024. #entrepreneurship #entrepreneursbankingentrepreneurs #smallbusiness #commercialbanking #smallbiz #businessowner #entrepreneur #jobcreation https://lnkd.in/gidqTFau

𝐓𝐡𝐞 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫’𝐬 𝐆𝐮𝐢𝐝𝐞 𝐭𝐨 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐄𝐈𝐍𝐬: 𝐄𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐘𝐨𝐮 𝐍𝐞𝐞𝐝 𝐭𝐨 𝐊𝐧𝐨𝐰 Here we will take a look at the basics of EINs, why they are so important to entrepreneurs, how they can be obtained, and dispel some common myths around them. Read More: https://bityl.co/OkFU #entrepreneurs #guide #entrepreneurship #businessstrategy #businessknowledge #entrepreneurmindset #businesssuccess #EverythingYouNeedToKnow #businessmagazine #ciolook

Last week we called on entrepreneurs to sign our letter on reported changes to Capital Gains Tax (CGT) which are expected in the fast-approaching Budget. More than 1,000 signatories later, plus coverage in Sifted, CapX, City A.M. and Yahoo Finance, this is – without a shadow of doubt – the issue that’s got Britain’s entrepreneurs riled up more than any other in recent years. For many, it’s even bigger than Brexit. Our letter has been signed by founders who have collectively raised close to £7 billion. We have 150 founders eager to speak with any journalist who wants to know what the big deal is. We’re not the only ones working on it. Fintech Founders – a network of the UK’s leading fintech founders – has written its own letter to the Chancellor. Meanwhile, other groups are working behind the scenes and mobilising. As I wrote last week: the more, the mightier. There are credible reports that Business Asset Disposal Relief (BADR) will be scrapped. This would be doubly brutal for entrepreneurs. Not just for them personally, but for the devastating impact on their employees who are incentivised under the scheme through stock options or shares. This is what makes people gamble on a plucky British startup rather than work for a US tech titan. Instead of scrapping BADR, the Chancellor should target it solely at entrepreneurs and their teams building companies, while increasing the limits from its diminished £1 million. If CGT is hiked for entrepreneurs as many fear, two things will happen. First, some entrepreneurs will leave the country. According to a survey by Evelyn Partners, 48% of business owners would consider moving their businesses abroad if taxes are increased. Similarly, the Fintech Founders letter claims 43% of founders are considering relocating out of the country. Of course, no matter what happens on 30 October, we all know that half the country’s wealth creators aren’t going to suddenly up sticks and leave. But some will – potentially quite a lot, based on conversations I’ve been having with them. We don’t need to compete with jurisdictions that don’t charge any CGT – Britain is better than that – but we do need to be competitive with the continent and the US. We also need to show some humility before ripping up the policies that have made us the best place in Europe to start and grow a business. Second, much more pernicious – and what won’t be so easy to see – will be the people who decide not to start a business in the first place. Why try to build a company to challenge a US tech giant when you can work for one? Why start a new bank when you can just work for one that’s already there? And if you are spinning your company out of a British university, why build it in the UK? We all know personal wealth isn’t the only thing that drives entrepreneurs. But we all respond to incentives – or, as it may be, disincentives.