Discover expert insights on tax planning, succession planning, and strategic advice for navigating the announced changes. Prepare for the future with our comprehensive Autumn Budget analysis.
Our Budget Seminar
Our Tax Partner delivered an informed and comprehensive summary of all the key announcements made by the Chancellor and the impact on individuals and businesses.
If you were unable to attend one of our seminars, don’t worry you can watch a recording of the presentation below.
I am very grateful for the WR Partners recent budget summary and very glad I read it through thoroughly, as we can not only reclaim for the previous tax years but also we would have been paying even more for future tax years given the changes to NI employers contributions announced in the budget.
Stretton Parish
What Businesses and Owners Need to Know: Our Analysis
In the run up to her first Budget speech, Chancellor Rachel Reeves warned it would be a painful Budget and those with the broadest shoulders were bear the brunt. Those people appear to be businesses and business owners.
While some of the tax increases announced were expected, the severity of them were perhaps not.
How We Can Support You
WR Partners are here to provide you with the support and advice you need to navigate the announced changes and mitigate the impact to you and your business. Here are some of the key areas where we can offer our expert advice and support:
Inheritance Tax (IHT) Reviews for Business Owners
With the proposed reforms to agricultural and business relief, it’s vital to review your inheritance tax plans. We offer comprehensive IHT reviews for business owners to ensure your estate planning is optimised under the new regulations.
Succession Planning and Lifetime Gifting
Planning for the future is essential. Our advice on succession planning and lifetime gifting ensures a smooth transition of your business to the next generation while maximising tax benefits.
IHT Reviews for Clients with Pensions
Pensions often play a critical role in estate planning. We provide IHT reviews for clients with pensions to ensure that your retirement savings are aligned with your overall estate planning strategy.
General IHT Reviews
For all clients, we offer general IHT reviews to help you understand and plan for any potential inheritance tax liabilities, ensuring that more of your wealth is preserved for your beneficiaries.
Trust Planning for IHT Anniversaries and Exits
Upcoming inheritance tax anniversaries and exits require careful planning. Our trust planning services are designed to help you navigate these events smoothly and efficiently.
Impact of Minimum Wage and Employer NI Changes
We provide forecasts for employers on how the changes in the minimum wage and employer National Insurance (NI) will affect your staffing costs and overall profitability. Our detailed analysis will help you make informed decisions.
Pay Rise Modelling and Cash Flow Management
Our team can assist you in modelling pay rises for your staff, helping you understand what you can afford to give and how it impacts your cash flows. We aim to ensure that your compensation strategies are sustainable and beneficial for both your business and employees.
Employer NI Reduction Schemes
We offer expert advice on employer NI reduction schemes such as salary sacrifice. By optimising these schemes, you can reduce your tax liabilities while providing valuable benefits to your employees.
Company Car and Other Benefits
Our tax specialists are available to provide guidance on how company car schemes and other employee benefits can reduce your National Insurance costs.
Business Structure and Asset Review
We can help you review your business structure and determine where assets should be held—either within or outside of the business. This strategic analysis can lead to significant tax efficiencies and protect your assets.
Stamp Duty Changes For Property Investors and Landlords
WR Partners offers comprehensive tax advisory services to help property investors and landlords understand the implications of the new stamp duty changes. Our team of experienced tax professionals can provide detailed analysis of how these changes affect your property portfolio and financial planning, ensuring you are well-informed and prepared.
Stamp Duty Changes For first Time Buyers
From 1st April 2025, the rates for Stamp Duty Land Tax (SDLT) will undergo significant changes, potentially increasing the cost of buying a home for first-time buyers. We can help you understand these changes to make informed decisions and budget accordingly for your home purchase.
Get In Touch
To speak to someone directly just give us a call on: 08000 664 664 or email: hello@wrpartners.co.uk.
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Tax Reforms for Farmers, Landowners, and Business Owners
The Autumn Budget 2024 brings notable reforms to many business owners to include those in the farming industry, particularly regarding inheritance tax reliefs for individuals with interests in agricultural and business assets. Here’s a summary of the main changes to IHT reliefs and their potential impact.
Labour’s 2024 Budget: Inheritance Tax Cap Stirs Unease Among UK Family Businesses
The Autumn Budget 2024 has reshaped the inheritance tax (IHT) landscape for private UK businesses. Starting in April 2026, the cap of £1 million on 100% IHT relief will apply equally to farmers and all business owners.
Get in Touch
We love meeting new, exciting businesses. Get in touch with our team to see how we could enhance and protect your financial position.
Or if you’d prefer to speak to someone directly just give us a call on: 08000 664 664 or email: hello@wrpartners.co.uk.
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