John McNicol

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

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An interesting opportunity in the property/finance space especially given the scale of the redevelopment at this site.

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Hot off the press...more detailed information from Grant Thornton UK LLP on the upcoming changes to FRS102 and what you need to be thinking about in advance, with our very own Jennifer Ilsley bringing to life some of the key considerations in this short video #FAAS #FRS102 #financialreporting #accountingstandards

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A great article on our award winning Corporate Finance team in the latest issue of All Things Business Northamptonshire Click below to read the thoughts of myself, Patrick Faughnan and Paula Carter Did I mention award winning? Ben Thomas #corporatefinance #WeAreTCGroup #Growth #BusinessAdvisors #AwardWinning

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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.

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🌟 Thinking of Starting a Business? 🌟 Call us on 01829 733333. At Hall Livesey Brown, we understand the challenges of starting a new business. Seeking professional guidance before you start is crucial to ensuring your venture's success and sustainability. We offer a comprehensive range of services informed by years of experience of advising start-up businesses across a wide range of sectors. We advise on the most tax-efficient structure for your business, look after your company secretarial requirements, assist in accessing finance such as grants or borrowing from financial institutions, to preparing a business plan, cash flow forecasts and budgets. Once you are up and running, you don’t have to go it alone. - - #HallLiveseyBrown #CharteredAccountants #Accounting #BusinessAdvice #BusinessStartUps

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There are specials rules that apply to UK property sales by non-residents. Since 6 April 2020 non-residents have needed to report and pay any non-resident Capital Gains Tax (CGT) due if they have sold or disposed of: #NonResidents #NonResidentUKPropertySales

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The recent changes to inheritance tax Business Relief has created succession planning challenges for business owners, particularly in owner-managed businesses. In this article, we consider some of potential solutions to the issues associated with how to pass on business assets to the next generations in a tax-efficient manner and how to fund any IHT liability that may arise. Please get in touch with you usual BDO contact if you would like to discuss the impact on you.

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BREAKING: Scotland delivered yet another record performance attracting Foreign Direct Investment with increased investor confidence. 💥 A record 142 FDI projects 2023 – the only part of the UK to see 5 years consecutive growth - its highest in the past decade 💥 Number of Scotland FDI projects increase by 12.7% on previous year, with UK projects rising by 6% 🏙 Edinburgh, Glasgow and Aberdeen in top 10 UK cities 🇺🇸The US is the top country of origin for inward investment 🏴󠁧󠁢󠁳󠁣󠁴󠁿Sentiment amongst investors continues to rise, with 26% of those planning to invest in the UK choosing Scotland ahead of other locations   Scotland has been #1 outside London in 9 of the past 10 years, but this status can’t be taken for granted: other parts of the UK are closing in on Scotland’s lead. As we celebrate the continued trend of year-on-year success in attracting FDI, there is no room for complacency with some immediate action needed to maintain competitive advantage. Read more here ▶ https://lnkd.in/dFcQTckt  #Scotland #BusinessNews #Economy #Growth #InwardInvestment #FDI #ForeignDirectInvestment Peter Arnold James Gardiner Hywel Ball Rohan Malik Sue Dawe Frank O'Keeffe Philip Milne Iona MacPherson EY Scotland

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Many business owners have been telling me how they are struggling to recruit and retain top talent. The divergence between Scottish tax rates and the rest of the UK may be exacerbating this issue. If you are experience similar issues, the below article provide some useful insight into how business owners can retain and attract staff.

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The Chancellor is considering significant changes to Capital Gains Tax (CGT) and Business Asset Disposal Relief (BADR) in the upcoming Autumn Budget on October 30th, 2024. These proposed changes could see CGT rates rising as high as 45%, aligning with income tax rates—this poses a serious threat to the entrepreneurial spirit that fuels the UK economy. BADR was created to recognise the personal and financial risks entrepreneurs take when building businesses. Restricting this relief and increasing CGT rates would discourage new ventures, stifle innovation, and hinder the ability of startups to scale by offering stock options or equity. We must act now to protect the future of UK entrepreneurship. ✊ We’ve successfully rallied support before, and now we need your voice again. Add your name to our initiative and stand with fellow business leaders to ensure our message is heard loud and clear. Sign here: https://lnkd.in/eQzNpBcW Together, we can safeguard the future of extraordinary entrepreneurship in the UK. 💼 #SaveBADR #ProtectEntrepreneurs #E2Exchange #UKBusiness #SaveCGT #CGT #BADR #AutumBudget2024 #Budget2024

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We are pleased to announce the acquisition of Devonports LAS Accountants Limited, enhancing its footprint in Essex. The acquisition includes two offices located in Southend-on-Sea and Maldon. Read more here: https://sowo.kr/F13sYng0 #WeAreXeinadin #Acquisition #TrustedAdvisors

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A great session this morning with Brabners and Gareth Smyth. Understanding and achieving growth is one thing but hyper growth year or year is another. Thanks for the insights and useful takeaways. Nikki Whittle thanks as always for the invite. #growth #insights

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From April 2024, UK businesses can access enhanced R&D tax relief through the merged RDEC and new ERIS schemes. With generous deductions and credits for R&D-intensive projects, the schemes offer tailored support to fuel innovation and drive growth. #RDTaxRelief #InnovationSupport #UKBusinessGrowth

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It’s not a coincidence that so many successful business owners amazing inter-personal skills… The ability to truly connect with and understand people on a deeper level is a skill that many successful business owners have mastered. Director and Head of Advisory at Nordens Chartered Accountants, Joe Sword, speaks about why is this can set apart those who succeed in business from those who fail? Are you looking to take your business to the next level and need some advice? Reach out to our expert team through the contact form in the comments! #businesstips #financetips #accountingadvice

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