Where are you on your business journey?
STARTING YOUR BUSINESS
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RUNNING YOUR BUSINESS
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GROWING YOUR BUSINESS
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Our promise
to you:
Peace of mind that your financial statements and tax returns are in safe hands
Help you to gain a better understanding of your business and financial position
Ensure you are meeting all of your tax obligations and paying the minimum amount of tax
Keep you up to date with the latest developments which may affect your business
Access to a professional team who have a desire to help you succeed
We will support you throughout the growth and development of your business
Chartwell News
LEGISLATION DAY 2025 - WHAT WAS PUBLISHED? On ‘Legislation Day’ (21 July 2025), HM Treasury released a range of draft legislation and tax documents. The key measures to be implemented by the new legislation can be categorised into the following areas: CLOSING THE TAX GAP Several measures are proposed that will target tax avoidance. In addition, tax agents will be required to register with HMRC in order to deal with HMRC on their customers’ behalf. One of HMRC’s main reasons for introducing Making Tax Digital (MTD) for Income Tax is that it will supposedly reduce errors. MTD is covered in more detail in the article below. PUTTING THE TAX SYSTEM ON A FAIRER, MORE SUSTAINABLE FOOTING Key measures in this category include: The controversial restrictions on the amounts of inheritance tax relief available for agricultural and business property from April 2026 (see below); Proposals to include inherited pension pots in a deceased person’s estate for inheritance tax purposes from April 2027; and Proposals to bring Employee Car Ownership Schemes into scope of the benefit in kind rules as company cars. MAINTAINING THE TAX SYSTEM Key measures in this category include: A proposal to introduce an easement that will help to mitigate the significant increase in benefit in kind (BiK) for plug-in hybrid electric vehicles (PHEVs) following a potential introduction of the new Euro 6e standard. If the standard is introduced in Great Britain, it would significantly increase the BiK tax due on PHEV company cars, which is linked to CO2 emissions. Technical guidance that aims to provide clarity on the tax implications of PISCES. PISCES stands for “Private Intermittent Securities and Capital Exchange System”, which is a new type of stock market that will allow private companies to have their shares traded intermittently.
In a world where evolving political events can change the market in an instant, and economic instability is still the norm, finding certainty in your business strategy is a rarity. Business plans and your overriding strategy are no longer written in stone. This means being flexible about your next steps and regularly reviewing your business strategy. Let’s see how frequent strategic business reviews can help you reduce the uncertainty.
You’ve spent years growing your business and adding value to the company. Now it’s time to sell up, get a good deal and liquidise the equity you’ve had locked up in the business. In this series, we’ll give you all the advice you need to plan your exit, add value to the business, negotiate a great deal and define your new pathway once the business is sold. Let’s look at some important ways to achieve the best possible deal for your business sale. Selling your business is generally the end step in a much longer journey. If you’ve put together a detailed exit strategy, you’ll have been planning this sale for some time. The important thing at this point is to make sure you get a great deal and realise the best possible sale price – giving you the return you deserve for all your hard work. To put yourself in the optimum position when looking for a buyer, here are a few tips: