Family business bulletin |
April 2025
Welcome to our April 2025 edition
In our latest Family Business bulletin, we explore a range of topics that have been ‘front-of-mind’ for many of our clients recently. Running a family business has always had its challenges, but with the recent changes from the Budget and the Spring Statement, there are even more factors to consider – not just for immediate plans but for longer-term strategies that need to be reviewed.
This edition covers essential updates, including upcoming tax deadlines and a roundup of everything you need to know about the recent Spring Statement. Our bulletin also addresses employment compliance changes, strategies for navigating business asset disposal relief, and the impact of new Companies House procedures. Lastly, we bring you specialist financial insights in our ‘Five in 5’ newsletter.
I hope you find this edition valuable, and please don’t hesitate to reach out if you would like more information on any of these areas.
Family business diagnostic tool
Access our family business diagnostic tool to discover your top three strengths and weaknesses, with suggested areas of development.
Important dates
Prior to 5 April 2025
Short term business visitor application for 2024/25
5 April 2025
Voluntary payrolling of benefits registration for 2025/26
31 May 2025
Submission of 2024/25 Short-Term Business Visitor annual report
5 July 2025
PAYE Settlement Agreement (PSA) application for 2024/25
OMBs: exit strategies before impending business asset disposal relief changes
With the upcoming changes to the rate of business asset disposal relief (BADR) from 6 April 2025, now is the time for business owners to evaluate their exit strategies and take action to maximise their post-tax cash.
Financial Planning: Five in 5
This edition of Financial Planning five in 5 – your quick roundup of five key financial insights in just five minutes, designed to keep you informed and ahead.
Employment tax: Tax year end, upcoming deadlines and important changes
In this insight, we have summarised the deadlines to consider before the 2024/2025 tax year end, as well as the upcoming deadlines after the tax year end.
New Companies House procedures for family businesses
We explore the implications for family businesses of imminent changes at Companies House regarding identity verification of directors and people with significant control.
