PKF-Francis Clark Chartered accountants & business advisers

Are you interviewing for apprenticeship jobs? Our latest blog about preparing for our assessment centres is packed with tips to help you shine. From mastering group exercises to acing the interview, we’ve got you covered. 👉 Read the blog here: https://lnkd.in/eJ_SAFBj #AccountingCareers #Apprenticeships #AssessmentCentre

📢 Attention furnished holiday let (FHL) owners and operators: Recent tax changes could impact your VAT obligations. And non-compliance with the new reporting rules will lead to penalties. Our expert VAT team is here to help you navigate these changes. Through a comprehensive FHL review, we'll identify potential VAT exposures and guide you in making informed decisions to mitigate or eliminate these risks. For further information, read the attached flyer and contact our expert VAT team. #TaxChanges #VATCompliance #FHLBusiness #ExpertAdvice

This week, we had the pleasure of hosting over 60 business leaders at our events in Plymouth and Truro. Elizabeth Martins, HSBC’s senior economist, shared her insights on the current economic conditions in the UK. While we face interesting and challenging times ahead, there are also plenty of opportunities on the horizon. #BusinessLeadership #EconomicInsights

Is your company nearing the end of its useful life with capital to be extracted? If you still have some business asset disposal relief (BADR) available within the lifetime limit, now is the time to plan. Liquidating your company and distributing its assets before the tax increase in April 2025 could be an option to consider. Planning and executing a solvent liquidation takes time. Read the full insight from Nick Harris to see how we can help: https://lnkd.in/eSrR74wY #BusinessPlanning #TaxPlanning #BADR #Liquidation

Our next Working Professionals Run Club event is taking place this Thursday 28 November. No need to register, just meet us at Piazza Terracina on Exeter Quay at 6.30pm. Look forward to seeing you there! 🏃♂️🏃♀️ #FrancisClarkLife #RunningClub Devon & Somerset Junior Lawyers Division

Following the recent changes to capital gains tax (CGT) and inheritance tax (IHT), we've created a scenario to help you understand the updated agricultural property relief (APR) and business property relief (BPR) rules. In this scenario, we explore: 🌾 Potential inheritance tax exposure 🌾 Ways to improve your position 🌾 Actions and solutions to consider If you are looking for personal advice on your position then we’re here and ready to help. Read the full scenario here: https://lnkd.in/ew67NUKX #Budget2024 #TaxAdvice #APR #BPR #InheritanceTax #CGT

Congratulations to the owners of funeral directors and memorial masons Grassby & Sons on the sale of their business to Lighthouse Funerals, an investment vehicle of fund manager Downing with national expansion plans. Sixth-generation family business Grassby & Sons was established as a stonemason in Dorchester in 1861. Since branching out into funerals in 1970, the business has expanded organically and through acquisition, and now operates eight funeral directors serving Dorset and East Devon. We advised owners Peter, David and Nick Grassby following approaches from two potential buyers through to successful completion of the deal. Nick Grassby, who takes on a senior role in the new group, said: “The process itself was an eye-opener – in particular the intensity of the due diligence process and the huge range of commercial, financial and legal issues that needed to be examined and resolved. “The team at PKF were always available to guide us at every turn, from negotiating initial offers to meet our value aspirations at the outset all the way through the process to completion. Their sensible, objective advice kept us focussed on the key commercial issues and allowed us to understand and resolve points of contention quickly when they arose, whilst their work behind the scenes both on our underlying data and in controlling the whole process helped ease the strain on our internal team. The level of support was outstanding, and the entire team was a pleasure to work with.” Chris Potts, corporate finance director at PKF Francis Clark, said: “This was an intense but relatively smooth deal process, delivered to a tight deadline thanks to the hard work and pragmatism of the Grassby family, Downing and all of the advisors involved. “Having been appointed following receipt of initial offers, through detailed financial analysis and creation of competitive tension we were able to negotiate significant increases in valuations commensurate with the quality of the Grassby business. This value was protected through to completion thanks to thorough preparation for, and close management of, the due diligence process. “The funerals market remains a fragmented sector which is ripe for a new major player. The opportunity to play a pivotal part in Downing’s ambition to grow a high-quality group in the industry was the differentiating factor between the potential buyers, and we look forward to seeing Grassby & Sons playing a key role in the development of Lighthouse Funerals.” Read more: https://lnkd.in/evJtFF_Z #Deals #FamilyBusiness #FuneralDirectors #SharedAmbition Paul Stout Ashley Barton Damian Lannon Michelle Cordy

🌾 Did you miss our rural webinar? 🌾 Earlier this week, our agricultural partners and head of tax discussed the post-Budget implications on the rural sector. They focused on some of the headline announcements made by the Chancellor, particularly in relation to inheritance tax, how the maths works and who is impacted. The webinar also provides some advice on what you can do now and the next steps to be taken. To watch the webinar, visit https://lnkd.in/e32TRpdb #Agriculture #Tax #RuralSector #Budget2024 #InheritanceTax #APR #BPR

The UK Budget last month presented more challenges for the tourism sector. The announced increases to minimum wage and a rise in employers' national insurance means that many businesses in the sector are likely to fall into insolvency. Unfortunately, this has already started to take effect. Beloved Cornish tourist parks such as Flambards and Dairyland unexpectedly closed earlier this month. For businesses in the tourism sector who are struggling, we can help. Early advice is key. An initial discussion is free of charge. Read the full insight from Michael Hall to see how we can help: https://lnkd.in/evCqGxXY #Insolvency #BusinessRestructuring #Flambards #Dairyland #SouthWestTourism

🎈 Today is the annual launch of our AAT apprenticeship jobs. You can apply to start your accounting training with us in 2025 – and both our graduate and non-graduate training routes are now open. Find out much more on the PKF Francis Clark Careers website: https://lnkd.in/eXBrxcwg Any shares of this post much appreciated to help it reach the right people. #AccountingApprenticeships #Apprenticeships #ApprenticeshipJobs Photos taken at recent PKF Francis Clark trainee induction events.