Crownhouse IFA's Limited

The Time to Prepare is Now—Don’t Wait Until 2027! The recent budget is a call to action for small business owners. With new tax and pension constraints, it's more essential than ever to be proactive. Waiting until 2027 could mean missing out on key opportunities to protect your assets and avoid potential pitfalls. From optimising pension contributions to structuring your business for future growth or sale, there are steps you can take today to reduce the financial impact. A few small changes now can pay off significantly down the road. Start planning with us today to secure a better tomorrow. #Crownhouse #FinancialPlanning #Budget2024 #FutureProofing

Thinking of Selling Your Business? Here’s What You Need to Know Now If you’re considering selling your business in the next few years, this budget has created new challenges that could impact your plans. Structuring your business effectively can make a world of difference in the sale process and even improve your returns. Your business’s size and employee count will affect your options, so it’s crucial to act now and adjust for maximum benefit. Planning early can help you navigate these changes and prepare for a successful transition. Let’s chat about what proactive steps you can take to maximise your business value. #Crownhouse #BusinessPlanning #ExitStrategy #BudgetChanges

Now's the Time to Act on Your Pension Planning! The new budget has shifted the landscape for pension planning—especially if your goal is to safeguard your family’s future. Where once pensions offered a flexible way to support loved ones, new restrictions and tax implications mean business owners should re-evaluate how pensions fit into their financial plans. On death, any funds in a pension scheme will form part of your estate and therefore become liable for Inheritance Tax. A person’s funds are always a substantial part of family assets. The time to plan for this is now! Don't leave your family’s financial future to chance. By planning now, you can navigate around the impact of these changes and create a sustainable legacy. We have solutions to this problem. Take action now to avoid dramatic consequences #Crownhouse #PensionPlanning #FamilyFinance #BudgetImpacts

What a Disappointing Budget for Small Businesses! The Autumn Budget missed the mark for small businesses. With new financial pressures on the horizon, now’s the time to think strategically about your company structure—especially if a sale or succession planning could be in your future. If you employ just a few people, the decisions you make today will shape your ability to withstand financial strain and build value. Don’t wait until 2027; start planning for long-term resilience and ensure your business is positioned to thrive despite these changes. Please contact us to explore tailored strategies to protect and grow your business. #Crownhouse #SmallBusinessSupport #Budget2024 #SuccessionPlanning

We’re currently looking into the outcome of the Autumn Budget to better understand how we can support small business Owners and Directors in navigating upcoming changes. Our team is already brainstorming solutions to help our clients adapt and thrive, no matter what comes next. Stay tuned for updates as we work to make a positive impact together! #Crownhouse #SmallBusinessSupport #AutumnBudget #BusinessGrowth

The Employment Pendulum: How Will the Government Tackle Business Pressures? There’s a growing narrative that government policies are favouring employees over employers, making it harder for businesses to stay competitive in terms of employment. With the Autumn Budget on the horizon, business owners are wondering: Has the pendulum swung too far? Will this government introduce changes that could bring more balance, or will new measures make it even more challenging to hire and retain talent? We’ll know more soon, but for now, planning is essential. Stay informed and ready for any shifts that may come. #Crownhouse #EmploymentTrends #GovernmentPolicy #BusinessPlanning #Budget2024

Pension Changes on the Horizon: What Employers Should Know As part of the upcoming Budget, we anticipate some movement on pensions, particularly for larger company pension schemes. While these changes are unlikely to affect individual savers directly, they may have significant implications for employers managing pension schemes. The balance has shifted heavily in favour of employees, with an increasing burden on employers. The pendulum has swung far, but will it continue in this direction under the current government? We’ll have to wait and see the full impact of the Autumn and Spring Budgets. #Crownhouse #PensionReform #CompanyPensions #EmployerResponsibilities #AutumnBudget2024

Preparing for Inheritance Tax Changes in the Spring Budget With the government signalling that Inheritance Tax (IHT) may be addressed in the Spring Budget, it’s a good time to begin planning for what could be a more complicated set of changes. While nothing is confirmed, there are hints that changes to IHT rules could bring additional complexity for individuals and families alike. The current system is already difficult to navigate, so it’s best to stay ahead of the curve. Reach out if you’d like to discuss how to safeguard your wealth and ensure your legacy is protected, no matter what happens in the Spring Budget. #Crownhouse #InheritanceTax #SpringBudget2024 #WealthManagement #EstatePlanning

Anticipation Ahead of the Autumn Budget: Potential Changes to Capital Gains Tax As we approach the Autumn Budget on October 30th, there is growing speculation around potential changes to Capital Gains Tax (CGT), especially in relation to mergers and acquisitions. It’s important to note that tax changes can happen quickly, and what may seem routine today could shift dramatically by tomorrow. For those with investments, maximising your tax allowances before any announcements is wise. Unused allowances today may not be there tomorrow. Proactive planning could make all the difference in your financial strategy. #Crownhouse #Budget2024 #CapitalGainsTax #FinancialPlanning #InvestmentStrategy

Important Update on Employers' National Insurance Contributions (NICs) for Businesses! The UK government has recently announced changes to Employers' National Insurance Contributions (NICs) that could impact your business's bottom line: Changes to NI Thresholds: Adjustments to the National Insurance thresholds could affect the amount your business pays in contributions. It's crucial to check the new rates and ensure your payroll system is up to date. Increased Employment Allowance: The Employment Allowance has been increased, potentially reducing the amount of Employer NICs your business owes by up to £5,000 annually. This is a valuable opportunity for businesses to save on costs and invest more in growth. What You Should Do: - Review your payroll and accounting systems to ensure they reflect the latest changes. - Consult with a financial advisor to understand how these updates may affect your business and to ensure compliance. Staying informed about these updates is key to managing your business effectively and making the most of available benefits. Please get in touch and we would be happy to discuss your needs in more detail. #Crownhouse #EmployersNI #NationalInsurance #GovernmentUpdates #BusinessFinance #PayrollManagement #UKBusiness #EmploymentAllowance #CostSavings