Rickard Luckin

The event will bring together business owners, directors, entrepreneurs, partners and senior decision-makers from across Essex for a morning of networking, leadership insights and practical business advice. Why attend the Essex Director Magazine Business Event? This event is designed for business leaders looking to gain fresh perspectives, make valuable connections and learn practical strategies that can be applied within their organisations.

Handling sales calls, approving invoices and speaking to clients are legitimate tasks. But they aren’t necessarily the job of someone running the company. Owner dependency constrains your business It’s not just your health that suffers from burnout. When you become swamped by operational demands, you have little time or energy left for strategic planning and growth initiatives. Eventually, your capacity constrains the business. What causes owner dependency?

However, like any significant restructuring, it is not a ‘one-size-fits-all’ solution and requires careful consideration of both the opportunities and potential pitfalls. Why should companies consider a holding company structure? A holding company structure can provide significant commercial advantages. It can allow valuable assets and surplus cash generated by a trading business to be moved away from day-to-day trading risks, helping to safeguard wealth built up over many years.

Tax That may sound dramatic, but under the UK's Statutory Residence Test, the number of days you spend in the UK can be the deciding factor in whether you are treated as UK resident for tax purposes. A recent case hinged on just a single day. The challenge, however, is that not every day is counted in the way you might expect. It sounds like a simple question. Surely a day is just a day? However, when it comes to determining your UK tax residence position, the answer is not quite so straightforward.

After years, and often decades, of hard work, many business owners eventually reach a point where they're ready for a new chapter. Perhaps retirement is on the horizon. Maybe there isn't a family member ready to take over. Or perhaps the business has simply fulfilled its purpose and it's time to move on.

Accountancy Updates ‘It’s just one form, isn’t it?’ As a company director, you're responsible for ensuring your business meets its statutory obligations. But between running the business, managing your people and planning for growth, keeping up with ever-changing Companies House requirements is unlikely to be at the top of your to-do list. That's why choosing the right advisers matters.

Over the coming years, there will be an unprecedented transfer of wealth to the next generation, with more assets being passed down than at any point in living memory . At the same time, protecting that generational wealth transfer has become more difficult. In the final article in this series, you’ll learn practical steps to help protect your family’s wealth and transfer it with confidence.

But the day-to-day running of the business comes first, which means answering them is rarely a top priority. The result? Many family businesses still lack formal succession plans. Unfortunately, that can put the business in jeopardy. According to research by Family Business United , fewer than one-third of family businesses successfully transition to the second generation. The encouraging part is that this is one of the most avoidable risks a business faces.

These promotions highlight the dedication, professionalism, and contribution of our team, while reflecting the firm's ongoing commitment to supporting career development and recognising achievement across the business. Jess Allen promoted to Associate Jess Allen has been promoted to Associate within our Corporate Tax Team.

Compliance with the handbook remains a condition of an academy trust's funding agreement and therefore boards, accounting officers, chief financial officers (CFOs) and senior leaders should review the changes and plan their response now. After a few years of minor amendments there are some more significant changes for 2026. 1.