Finance

PR agency’s thoughtful leadership podcast to explore challenges faced by today’s business chiefs

November 1, 2024
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PR agency’s thoughtful leadership podcast to explore challenges faced by today’s business chiefs

Bristol communications agency Ambitious has launched a podcast series shedding light on thought leadership – with one of the city’s most successful entrepreneurs of recent years as its first guest. Dr Zara Nanu co-founded Gapsquare, where she combined her passion for human rights with the power of data analytics...

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Budget 2024: Rob Chedzoy, tax partner, Milsted Langdon. SMEs squeezed despite Reeves’ ‘balance and stability’ message

November 1, 2024
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Budget 2024: Rob Chedzoy, tax partner, Milsted Langdon. SMEs squeezed despite Reeves’ ‘balance and stability’ message

The sweeping fiscal changes announced by Chancellor Rachel Reeves in her Budget will hit SMEs and business owners hard as the government seeks to plug a ‘£22bn black hole’ in the public purse. In one of the most hotly anticipated Autumn Budgets in recent years, the Chancellor announced the...

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Switch to employee ownership model aims to power further growth at leading generator hire firm

November 1, 2024
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Switch to employee ownership model aims to power further growth at leading generator hire firm

Bristol-based temporary generator hire firm Power Electrics has become the latest in the city to transition from privately owned to an Employee Ownership Trust (EOT). The firm, which has grown from a small yard in 1963 to operating the UK’s largest generator transport fleets, said the move marked a...

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Budget 2024: Thrings’ experts look at the impact of Reeves’ tax changes

November 1, 2024
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This week’s Budget ushered in a large number of tax reforms as Chancellor Rachel Reeves seeks to balance the Treasury’s books. Here experts from law firm Thrings look at some of the key changes.  Inheritance Tax  The inheritance tax (IHT) threshold freeze remains for a further two years to...

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Change at the top for Bristol-based Triodos, the UK’s most ethical bank, as CEO prepares to leave

October 31, 2024
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Change at the top for Bristol-based Triodos, the UK’s most ethical bank, as CEO prepares to leave

The CEO of Bristol-headquartered ethical finance firm Triodos Bank UK is to step down from the role next year in a move that will coincide with its 30th anniversary. Bevis Watts, pictured, joined Triodos in April 2016 as its managing director and became CEO three years later.  It was...

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SETsquared event will tackle future funding for spin-outs while offering firms chance to pitch to investors

October 31, 2024
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SETsquared event will tackle future funding for spin-outs while offering firms chance to pitch to investors

Three Bristol deep tech spin-out businesses will be vying for investment of up to £2m at a high-profile event aimed at shaping the tech investment landscape. The innovative firms will line up against 17 other businesses at Investment Futures in London, which will also feature panel and roundtable discussions on...

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Budget 2024: Adele Clapp, tax director, Bishop Fleming. Double whammy of tax rises for employers

October 30, 2024
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Budget 2024: Adele Clapp, tax director, Bishop Fleming. Double whammy of tax rises for employers

Employers have been heavily impacted by this Budget. Employers’ National Insurance Contributions (NICs) will increase by 1.2% to 15% from April 2025. And the threshold at which it becomes payable has decreased from £9,100 to £5,000. That double whammy of tax rises is partly offset by the Employment Allowance increasing...

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Budget 2024: Peter Ball, tax partner and head of private client, Bishop Fleming. Reeves springs immediate changes in Capital Gains Tax

October 30, 2024
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Budget 2024: Peter Ball, tax partner and head of private client, Bishop Fleming. Reeves springs immediate changes in Capital Gains Tax

As widely expected, the Chancellor has increased the rate of Capital Gains Tax (CGT) from Budget Day itself, so any transactions occurring on or after today are affected. That means that any potential window that could have arisen, had the increase been delayed until April 2025, has been closed. ...

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Budget 2024: Zoe Martin, partner, Bishop Fleming. Owner-managed businesses are facing a squeeze

October 30, 2024
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Budget 2024: Zoe Martin, partner, Bishop Fleming. Owner-managed businesses are facing a squeeze

Businesses have been heavily impacted by this Budget, with several key changes being introduced, adding to their tax and operational costs. The rise in employers’ National Insurance Contributions (NICs) will impact employers significantly, particularly small businesses.  Employers’ NIC increases by 1.2% to 15% from April 2025. And the threshold...

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Budget 2024: Andrew Browne, partner and head of tax, Bishop Fleming. Tax rises and higher costs for businesses are on the way

October 30, 2024
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Budget 2024: Andrew Browne, partner and head of tax, Bishop Fleming. Tax rises and higher costs for businesses are on the way

Rachel Reeves’ first Budget is the largest tax-raising Budget since 1993, with around £40bn being raised for government programmes of ‘national renewal’. Following months of speculation, we finally know the details of what this Budget has in store. While it will take some time to fully examine and understand...

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Budget 2024: Regional business reaction. Increased tax burden could stifle Bristol firms’ growth

October 30, 2024
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Budget 2024: Regional business reaction. Increased tax burden could stifle Bristol firms’ growth

Tax rises in the Budget aimed at companies could slow much-needed economic growth and undermine investment decisions, the region’s largest business organisation fears. Business West, the organisation behind Bristol Chamber of Commerce, said it recognised that the Chancellor faced a tight fiscal position and so had to make hard decisions....

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Budget 2024: The key points

October 30, 2024
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Budget 2024: The key points

Chancellor Rachel Reeves started her Budget speech by saying the country voted for change on 4 July. As a result, the Labour government could now “fix the foundations”. The way to ensure growth was to “invest, invest, invest”, she added. In total, the Budget will raise taxes by £40bn. Business...

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BDO steps up its commitment to young talent with more investment in its early career programmes

October 29, 2024
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BDO steps up its commitment to young talent with more investment in its early career programmes

National accountancy and advisory firm BDO has opened applications for 29 new trainee positions in its Bristol office as it continues to invest in its early-in-career programmes. The 2025 trainee cohort will join the firm’s 8,000-strong workforce across its audit, tax, deals, and consulting, risk and outsourcing teams.  Applications...

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