PKF-Francis Clark Chartered accountants & business advisers

We close for the Christmas break at 1pm on Tuesday 24 December. We’ll be back from 9am on Thursday 2 January. Best wishes for the holidays and a happy new year from all the team at PKF Francis Clark.

Thank you to everyone that joined us at our Third Thursday professional networking event and donated to our charity collection for RNLI. The donations bucket was delivered to Dave Nicoll by one of our FC elves (Michael Hall, director in our business recovery team). Congratulations to Kirsty from Coodes Solicitors, Ian of Cornwall Business Connections, and Jeannie from ASC Finance For Business - winners of this quarter's chocolates and champagne! 🍾 #RNLI #TruroEvents #ProfessionalNetworking #CommunitySupport

More than 80 jobs have been saved after digital pharmacy startup Remedi Solutions was sold to Remedi Healthcare Ltd, a new company founded by experienced digital health entrepreneur Nadeem Sarwar. Remedi Solutions supplies prescription medication via a technology platform to care homes across the country. Nick Harris and Lucinda Coleman, in our business restructuring team, were appointed administrators of Remedi Solutions on Friday 6 December and swiftly sold the business after it suffered cash flow problems. Nick said: “Remedi has a dedicated team delivering a vital service to care homes across the country, using its automated dispensing system. Unfortunately, the business had struggled to achieve the sales volumes needed to be profitable and was facing cash flow problems. “We are delighted to have saved all 83 jobs, especially at this time of year. After initially being appointed by the directors to carry out an options review, we then ran an accelerated marketing process with support from Christie & Co and successfully negotiated the sale of the business in a tight timeframe.” Lucinda added: “Administration is always a last resort, but we are pleased that in this case the business and assets have survived along with the jobs of so many skilled individuals.” Read more: https://lnkd.in/gU8n5bSh #Administration #Insolvency #BusinessRecovery #Restructuring

HM Revenue & Customs recently published a document promising clarification on the abolition of the furnished holiday lettings tax regime. However, as John Endacott explains, there are still unanswered questions for property owners and their advisers. You can read his article - first published in Taxation magazine - here: https://lnkd.in/eBwpPpaq #Tax #FurnishedHolidayLets #Tourism

Businesses based in Cornwall and the Isles of Scilly should act fast if they want to apply for a share of £47 million of local growth funding. Applications are now open for the next round of grants available from the Good Growth programme – the area's share of the UK Shared Prosperity Fund. In this blog, Richard Wadman summarises the key details and offers some tips for anyone interested in applying: https://lnkd.in/dSPtFfNf #Cornwall #Funding #GoodGrowthFund #SharedProsperityFund Ian Hughes Sarah Carbis

In 3 months time our brave adventurers will be heading home after completing their 4 day challenge across the Arctic Circle. This is a once in a lifetime opportunity to raise money for an amazing charity, Children with Cancer UK. Their vision is a world where every child and young person survives cancer. Any donation big or small will make a huge difference and give our team the motivation they're going to need in the -20 degree conditions! To read more about the challenge and to make a donation, please visit our JustGiving page - https://lnkd.in/ehkAy253 Go Team FC! #ArcticChallange #RatRaceAdventures #FrancisClarkLife

The UK government plans to adopt the International Sustainability Standards Board (ISSB) standards in the first quarter of 2025. These are a set of guidelines for companies disclosing sustainability-related information. They will affect listed businesses in the first instance, but the government will also decide on the disclosure requirements for other companies - taking into account the costs and benefits of the measures. For more information on the standards, what they are, how they will be implemented and the benefits read the full blog here: https://lnkd.in/ey3aD3vD #ISSB #sustainabilitydisclosures

A very warm welcome to the latest corporate tax experts to join our team! Corporate and real estate tax specialist Nick Crandon, who will be based in Truro and Plymouth, supports complex corporate clients and owner-managed businesses with tax due diligence on transactions, as well as general tax advisory and compliance work. Meanwhile, Bristol-based corporation tax specialist Paul Rattew brings extensive experience of helping owner-managed businesses and larger groups across a range of sectors with corporation tax issues, HMRC enquiries, capital allowances, R&D tax credits, restructuring and IR35 issues, and transfer pricing. Corporate tax partner Jonathan Riley said: “Paul and Nick are fantastic additions to our already strong tax team at PKF Francis Clark and reinforce our position as the obvious choice for tax advisory and compliance services in the West of the UK.” Read more: https://lnkd.in/efZe72EN #Tax #CorporateTax #SharedAmbition #Cornwall #Bristol

🚀 Changes ahead for company size thresholds! 🚀 Starting from 6 April 2025, the size thresholds for companies and LLPs will increase by around 50%. These changes will impact financial reporting, audit requirements and more. Curious about how this affects your business? Read the full article for detailed insights and examples. https://lnkd.in/dTT4zQtU #FinancialReporting #Accounting #Advice

“I chose an apprenticeship to get real world accounting experience alongside my learning. I felt that would be best for my professional development, being able to do real work for real clients. “The biggest challenge with AAT is balancing study deadlines with work deadlines. It is all manageable with good communication and planning, and my colleagues are happy to help. “I’m never judged when asking questions and can be open about my thoughts. In fact, everybody was very welcoming and supportive from day one. I immediately felt like part of the team. “I’m two years in and I’ve progressed to the level four AAT accounting qualification - and I’m now supporting the new trainees when they join the team. “My advice to anyone starting an AAT apprenticeship is to come in with an open mind as there is a lot to learn. Have confidence in yourself and never be afraid to speak up to ask questions.” Ellie, AAT trainee accountant ✅ Apply for AAT accounting apprenticeships on our website: https://lnkd.in/eF8GavKk #AATApprenticeships #AccountingApprenticeships #ApprenticeshipJobs