The Tax Hour

Selling Your Business: What Your Advisor Wishes You Knew Earlier

In this episode of The Tax Hour, our host Nick Wright is joined by Holly Threlfall, Partner and Head of corporate and commercial of Wilson Browne Solicitors. Together they explore the legal and commercial realities of selling a business, and why early preparation is critical to protecting value and avoiding costly surprises during a transaction. 00:00 Introduction 00:00:40 Why You Should Start Planning a Business Sale Years in Advance 00:02:30 Who Should Be on Your Deal Team? 00:12:35 How to Prepare Your Business Before Going to Market 00:15:10 Warranties, Disclosures & Avoiding Expensive Mistakes 00:18:35 Tax Planning That Could Save Hundreds of Thousands 00:20:40 Getting Your Business Structure Right 00:21:45 What Buyers Look for During Legal Due Diligence 00:24:55 Warranties, Indemnities & Purchase Price Reductions 00:38:15 Deal Fatigue: Why So Many Sales Become Stressful 00:40:35 Earn-Outs, Completion Accounts & Negotiating the Final Deal 00:51:15 Finding a Buyer & The Typical Business Sale Process 00:52:20 Managing Expectations From Heads of Terms to Completion 00:53:10 What Happens After the Deal Completes? 01:04:17 Final Takeaways

Tax Simplification: A Realistic Goal? Bill Dodwell Joins The Tax Hour Podcast

In our latest episode of The Tax Hour, Nick is joined by Bill Dodwell, former Head of Tax Policy at Deloitte and former Tax Director of the Office of Tax Simplification (OTS). Together, they explore what tax simplification really means and whether it is genuinely achievable within a modern, globalised economy. Key themes include: -What simplification actually is -Why the system is complex -The role of the OTS -Three routes to simplification -The importance of tax education -Whether National Insurance and Income Tax could ever be merged

The Tax Hour Podcast | Unpacking the Review: Ray McCann on the 2025 Loan Charge

In this episode of The Tax Hour, our host Nick Wright welcomes Ray McCann, Consultant, former President of CIOT and former Assistant Director of HMRC, to discuss the recent Independent Loan Charge Review 2025. 00:00 [https://www.youtube.com/watch?v=jWm9jSL7BOI] Introduction 00:35 [https://www.youtube.com/watch?v=jWm9jSL7BOI&t=35s] What Is the Loan Charge? 09:25 [https://www.youtube.com/watch?v=jWm9jSL7BOI&t=565s] How Loan Schemes Worked 13:49 [https://www.youtube.com/watch?v=jWm9jSL7BOI&t=829s] Why the Government Introduced It 19:26 [https://www.youtube.com/watch?v=jWm9jSL7BOI&t=1166s] Where the Loan Charge Went Wrong 23:08 [https://www.youtube.com/watch?v=jWm9jSL7BOI&t=1388s] The Human Cost & Financial Impact 28:39 [https://www.youtube.com/watch?v=jWm9jSL7BOI&t=1719s] Promoters, HMRC & Responsibility 36:03 [https://www.youtube.com/watch?v=jWm9jSL7BOI&t=2163s] Ray’s Recommendations 53:54 [https://www.youtube.com/watch?v=jWm9jSL7BOI&t=3234s] Final Verdict: Was This the Best Possible Outcome?

The Tax Hour Podcast | The UK Wealth Tax Debate with Emma Chamberlain

Join Nick Wright and Emma Chamberlain for an expert discussion on wealth taxes in the UK. Emma, a barrister and visiting professor at Oxford and the LSE, was a commissioner for the 2020 Wealth Tax Commission. This episode explores why the Commission ultimately recommended against annual wealth taxes, the challenges of implementing a one-off wealth tax, and how the UK's approach to taxing capital compares internationally. They discuss the need for comprehensive reform of capital taxes (CGT, IHT, council tax) rather than piecemeal changes, and why political consensus is essential for sustainable tax policy. Key insights include: Key topics include: -Intro -Origins of the Wealth Tax Commission -Historical Attempts and Lessons Learned Exploring Denis Healey’s 1970s wealth tax plans and why early efforts failed. -The Covid Context and Public Perception -Defining a Wealth Tax -Annual vs One-Off Wealth Taxes -Broader Tax Reform & Capital Taxes Discussion -The Need for Systemic Reform Challenges -Fairness and Tax Equity -Public Perception, Avoidance & Final Reflections Essential listening for understanding current debates about wealth taxation and capital tax reform in the UK. 🔗 Resources mentioned: Wealth Tax Commission website: https://www.ukwealth.tax/ [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbTZtcWtqU2ZRNXkzc2hfcFB1ZnRWZXZjRWRUd3xBQ3Jtc0trVlhLRzhWSEVIQmtsbjBWMEJZSFVGUEY5V21nS1JBNU9GZVpwSHNHOWlkXzRScFRBVXBpenNISHJFazVNV3gyZElHenJLTDJESzFxN04zdHhzZTI5YlEtbGNOb3FfZVYwdFBUck82emIxT041T3dtNA&q=https%3A%2F%2Fwww.ukwealth.tax%2F&v=xGr4pRQ35R4] Upcoming LSE event with Emma Chamberlain: 1st December: https://www.pumptax.com/events/emma-chamberlain-speaking-at-lse-on-the-wealth-tax-commission-5-years-on/

SME Growth, Resilience & Tax Strategy - Sumer’s CEO, Warren Mead, Joins The Tax Hour

How can SMEs stay ahead? Warren Mead [https://www.linkedin.com/in/warrenmeaduk/], CEO of Sumer, shares insights and strategic foresight on 'The Tax Hour'. Join Nick Wright [https://www.linkedin.com/in/wrightabouttax/], Head of Corporate Tax, and Warren Mead [https://www.linkedin.com/in/warrenmeaduk/], CEO of Sumer, for an insightful conversation on: • How SMEs can accelerate growth and build resilience in today’s economic climate • Why having the right tax strategy and advice is critical for long-term success If you have any questions or need further information, please get in touch. At Jerroms Miller Specialist Tax we offer a wide range of specialist tax advice for all business tax scenarios.