This week, a special episode as we react to The Budget with a practical, business-owner lens, plus some light-hearted “Chancellor’s Tipples” trivia before diving in.
Key takeaways: a 2% rise in dividend tax and a 2% rise on property and investment income; cuts to the Employee Ownership Trust (EOT) capital gains relief; changes to pension salary sacrifice arrangements; frozen income tax and NI thresholds that create stealth tax rises through inflation; a significant national minimum wage increase; tweaks to apprenticeship funding; and tighter rules on cash ISAs for under-65s.
We explain how these measures affect profit, cash flow and business strategy—highlighting that many changes penalise personal wealth drawn from businesses, could push landlords toward limited companies, and make tax planning and accountant conversations more urgent than ever.
Overall verdict: while the Budget wasn’t as harsh as feared, it signals a shift toward taxing personal wealth and freezing thresholds that will squeeze business owners and employees over time; the episode closes with listener-focused next steps.
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ABOUT THE HOST:
Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.
As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.
Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions.
*The content of this podcast is for entertainment purposes only and does not constitute professional advice.
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