Duamentes’ Post

Great to see Helm (formerly The Supper Club) featured in yesterday's The Sunday Times, addressing the pressing tax concerns facing UK entrepreneurs. As discussions around Business Asset Disposal Relief and Capital Gains Tax heat up, our members have made their stance clear: 50% would grow their teams if Entrepreneur’s Relief were increased to where it was. This is a message to the government that growth needs support, not further tax challenges. With the budget around the corner, now is the time for policies that empower entrepreneurs to create jobs and stimulate the UK economy. Let’s rally for thoughtful support in the upcoming budget to empower the founders propelling growth, innovation, and resilience in the UK. Thank you to our members for raising these vital issues, and special thanks to Jill Treanor for shedding light on this crucial topic. Read the full article in The Sunday Times here 👇 https://lnkd.in/e_G5Whmh #Helm #SundayTimes #AutumnBudget #Entrepreneurs #founders #scaleups #EconomicResilience #UKInvestment

If the Autumn Budget reveals drastic increases to Capital Gains Tax (CGT) next month, what will the reaction be from SMEs, business managers, and entrepreneurs? Partner Mark Heppell, a member of our Corporate team in Manchester, was on BBC 5 Live and BBC Radio 4 this morning discussing: 👉 The potential impact that a dramatic increase to CGT could have on businesses in the UK 👉 How at JMW we are seeing many businesses currently in the process of selling their assets expediting the process to meet the 30th October deadline, and 👉 The possibility of entrepreneurs and businesses moving their tax affairs outside of the UK. Listen on BBC 5 Live from 31:10 🎧 https://lnkd.in/eeY2RuyW Listen on BBC Radio 4 from 23:30 🎧 https://lnkd.in/eBBf3Pdd #AutumnBudget #CapitalGainsTax #SMEChallenges #Entrepreneurship #BusinessTax #EconomicImpact

UK Autumn Budget 2024: What is serial Entrepreneur, Investor and Founder of Belfast-based fashion Re-commerce start-up RESPONSIBLE hoping to see on 30 October?   Our EY Northern Ireland Tax team spoke with @Mark Dowds, Founder and CEO to find out his thoughts.   “Ultimately as a wealth creator and serial entrepreneur, if capital gains tax was increased to something within the range of 33-39% it would make me question my desire to stay within the UK. I would imagine many other entrepreneurs may be similarly concerned if growth, innovation and risk-taking were to be stifled by burdensome taxation”   “It is crucial that we ensure the UK remains a competitive place to do business. Investors and Entrepreneurs are an essential part of our economy, and I would urge the Chancellor to consider the impact of losing some of our greatest entrepreneurs to more favourable locations abroad.”   For more, register for our UK Budget webcast on 31 October here: EY | Autumn Budget and please reach out to our NI Tax team for support.   Navigate Autumn Budget 2024 with EY NI. Ian Edwards, Neville Crowe, Brendan McSparran, Shannon Cunningham, Jennifer Gill, @Michael McNeill, Matthew Harrison, Karen Martin, Jessica Barnes, @Patrick Duggan   #EYNI #AutumnBudget2024 #UKBudget

 🚀 Today, we are celebrating Our Co-Founder, Ollie Austen!   We are incredibly proud to announce that our very own co-founder, Ollie Austen, has written the foreword for the newly published report, Trimming Taxes: The Case for Cutting Capital Gains Tax by Peter Young at the Adam Smith Institute.   Ollie’s insights as an #entrepreneur were featured in the foreword, highlighting the vital role that smart #tax policy plays in driving investment, encouraging innovation, and empowering the UK’s businesses to grow and thrive. His perspective, rooted in real-world experience, underlines the importance of fostering a pro-growth environment that benefits not just investors, but workers, #founders, and the economy as a whole.   This report, now available to the public, is a must-read for anyone interested in the future of UK #business and the potential of tax reform to unlock economic growth. We're thrilled to see Ollie's voice contribute to such an impactful discussion in support of founders.   Well done, Ollie, for representing our team and championing the #entrepreneurial spirit. We can’t wait to see the ripple effects of this work in the months and years to come!  Harry Wyndham Gary Jackson Leigh Jackson Stacy Kehren Idema, PMP® 👑 Sam Simpson Johnny J Pawlik Dave Plunkett Tracey Currell The Connections Queen Andrew Grimshaw  #Entrepreneurship #CapitalGainsTax #TaxReform #Investment #EconomicGrowth #ProudMoment #TeamAchievement

UK Autumn Budget 2024: What is serial Entrepreneur, Investor and Founder of Belfast-based fashion Re-commerce start-up RESPONSIBLE hoping to see on 30 October?   Our EY Northern Ireland Tax team spoke with Mark Dowds, Founder and CEO to find out his thoughts.   “Ultimately as a wealth creator and serial entrepreneur, if capital gains tax was increased to something within the range of 33-39% it would make me question my desire to stay within the UK. I would imagine many other entrepreneurs may be similarly concerned if growth, innovation and risk-taking were to be stifled by burdensome taxation”   “It is crucial that we ensure the UK remains a competitive place to do business. Investors and Entrepreneurs are an essential part of our economy, and I would urge the Chancellor to consider the impact of losing some of our greatest entrepreneurs to more favourable locations abroad.”   For more, register for our UK Budget webcast on 31 October here: https://lnkd.in/e4JpTWZi and please reach out to our NI Tax team for support.   Navigate Autumn Budget 2024 with EY NI. Ian Edwards Neville Crowe Brendan McSparran Shannon Cunningham Jennifer Gill Michael McNeill Matthew Harrison Karen Martin Jessica Barnes Patrick Duggan   #EYNI #AutumnBudget2024 #UKBudget

Thought for the day. It's been a whirlwind of frustrating conversations with business owners recently. Many of them, who I first spoke with years ago, are now in a rush to sell their businesses due to concerns about the new Government potentially removing Business Asset Disposal Relief (BADR). But here's a thought: why are so many business owners fixated on tax? Yes, the loss of BADR might cost an individual up to £100,000. That’s a substantial amount, no doubt. But, neglecting to properly prepare a business for sale can lead to its value being 'chipped' away by an even greater sum. Remember, you can't control the Government's tax policies. What you can control is how well your business is prepared for sale. Ensuring your business is in top shape means it's viewed in its best light, ultimately securing a better price. So, let's focus on what we can influence. Prepare your business thoroughly, and put your outcomes in your own hands. #BusinessStrategy #BusinessSales #Entrepreneurship #ControlTheControllables #BusinessPreparation

If I was the Prime Minister of the UK... One vision, all working together towards one goal. Could this put the UK back on the map as a growing, thriving economy? There needs to be motivation in society to work, earn money and spend and we need to find it soon or we will keep getting overtaken by other countries. What would you do if you were Prime Minister? Comment below. #economy #property #investor #entrepreneur #investing #business #propertymarket

This is very disheartening to read, I’ve seen a lot of posts and comments about possible tax increases in the upcoming budget over the last couple of weeks. The government’s plans to scrap ER is a concerning shift that risks undermining the spirit and value of entrepreneurship in the UK. I started my company seven years ago with no safety net—no grants, no handouts. Every penny of my savings went into it, alongside countless hours, lost weekends, and time away from my family. I took minimal salary, have no pension, and my business is my life savings and my financial future. Every bit of investment has come solely from me—like it does for all founders and entrepreneurs. Now, the idea that ER could be scrapped altogether—or that CGT on a business sale could rise to 30% or even 40%—is shocking. The government, having taken none of the risk, could potentially take nearly half of the reward. This isn’t just disheartening; it is fundamentally unfair. I, for one, could never consider selling my business in such an environment. If the government truly wants a thriving economy, it should support those of us building it—not push us out the door.

Is Government Policy the Biggest Risk Facing Scottish Business Owners Today? In light of the U.S. Chamber of Commerce’s recent findings, which highlight a significant rise in public policy risks among American businesses, it’s crucial to consider how these concerns mirror the situation in Scotland. With the Scottish economy intertwined with varying levels of governmental regulations and policy changes, business owners here face unique challenges that can impact growth and sustainability. But is government policy considered the biggest risk today among Scottish entrepreneurs and business leaders? 📉 Personal Insight: After two decades of owning self-catering properties in Scotland, I have made the difficult decision to sell them all. The increasing costs and layers of new policies have diminished the viability of these investments. The necessity for continual upgrades, which inherently support local services, no longer seems justifiable when the future ability to operate remains uncertain under new licensing requirements. Even selling these properties as ongoing concerns is complicated, as new buyers are required to secure their own licenses. Additionally, introducing new personal tax bands has further complicated the business environment, making it increasingly challenging to attract and retain quality talent. This shift in tax policy does deter highly skilled professionals, from moving to Scotland. I’ve seen this first-hand. What are your thoughts? Is government policy now the primary concern to you?

🔍 UK Entrepreneurs Rally Together! 🚀 Have you heard? In an inspiring show of unity, over 1,000 UK entrepreneurs have signed a petition in just 24 hours to challenge a new ministerial policy. Entrepreneurs are key to ecomonimic growth and for job creation, why should we be penalising their success?? Agree? Check out the full story below! 👇 #economy #tax #business