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EMERGENCY EPISODE: The Budget Debrief & Q&A with Jeff Lermer
What if the secret to surviving the 2025 Budget isn't just cutting costs — but planning smarter, faster, and with real clarity?
In this emergency episode of The Grown Up Business Podcast, Paul Avins is joined by Jeff Lermer, the UK's leading tax accountant and advisor for successful entrepreneurs, to break down the 2025 Budget — and what it really means for business owners, employers, and CEOs.
Recorded live just 24 hours after one of the longest and most tax-heavy budgets in recent history, Paul and Jeff cut through the noise to deliver a clear, practical debrief. They unpack the £40 billion tax grab, the brutal rise in employer National Insurance, the capital gains tax changes, inheritance tax shake-ups, and what founders need to do now to protect their wealth, reduce their liabilities, and scale sustainably in a tougher economic climate.
This episode is essential listening for founders and CEOs who employ people, own assets, plan to exit, or want to build a business that thrives — not just survives — in the face of sweeping legislative change.
Key TakeawaysWhy employer National Insurance rising from 13.8% to 15% (and kicking in at £5,000 instead of £9,100) is the biggest hit to business owners
How the cost of employing someone on minimum wage just increased by 10.67% overnight
Why the Employment Allowance increase to £10,500 softens the blow — but only for smaller teams
How moving key team members into a Limited Liability Partnership (LLP) could save you tens of thousands in tax
Capital Gains Tax rises: from 20% to 24%, and Business Asset Disposal Relief increasing to 14% then 18%
Why there may be an M&A rush between now and April 2025
Inheritance Tax changes: business and agricultural property relief capped at £1 million, with 50% relief thereafter
Why pension funds will now be subject to Inheritance Tax from April 2027 — and what that really means
Why VAT on private school fees from January 2025 is just the start of a broader charitable status shake-up
How to extract funds from your company more tax-efficiently using loans, not dividends
Why this budget will accelerate AI adoption, outsourcing, and productivity — not just payroll cuts
Jeff Lermer is the UK's number one tax accountant and advisor for successful entrepreneurs. With over 15 years working alongside Paul Avins and decades of experience helping business owners retain their wealth, Jeff specializes in tax-efficient planning, capital gains strategy, inheritance tax mitigation, and smart extraction planning. His mission: help founders keep more of what they earn — legally, strategically, and sustainably.
Next StepsApply it now
Review your payroll costs, salary structures, and extraction strategy in light of the Budget changes — don't wait until April.
Connect with Jeff Lermer
Follow Jeff on LinkedIn for ongoing tax insights, planning tips, and updates as the Budget changes take effect.
Scale with Paul
If this episode resonated, Paul's work focuses on helping founders step out of the day-to-day and scale with structure and confidence.
Book a call with Paul: https://www.paulavins.com/book-a-call
Subscribe to the Scale-Up Newsletter: https://www.paulavins.com/newsletter-opt-in
About Paul Avins
Paul Avins is a scale-up business coach and founder of the Grown-Up Business framework. He works with founders and CEOs to help them move from operator to scale-up leader — building businesses that grow sustainably, scale beyond the founder, and create real enterprise value. Paul's work focuses on disciplined leadership, high-performing teams, and systems that replace chaos with clarity.
Level Up. Team Up. Scale Up. Fire Up.
View all episodes
By Paul AvinsWhat if the secret to surviving the 2025 Budget isn't just cutting costs — but planning smarter, faster, and with real clarity?
In this emergency episode of The Grown Up Business Podcast, Paul Avins is joined by Jeff Lermer, the UK's leading tax accountant and advisor for successful entrepreneurs, to break down the 2025 Budget — and what it really means for business owners, employers, and CEOs.
Recorded live just 24 hours after one of the longest and most tax-heavy budgets in recent history, Paul and Jeff cut through the noise to deliver a clear, practical debrief. They unpack the £40 billion tax grab, the brutal rise in employer National Insurance, the capital gains tax changes, inheritance tax shake-ups, and what founders need to do now to protect their wealth, reduce their liabilities, and scale sustainably in a tougher economic climate.
This episode is essential listening for founders and CEOs who employ people, own assets, plan to exit, or want to build a business that thrives — not just survives — in the face of sweeping legislative change.
Key TakeawaysWhy employer National Insurance rising from 13.8% to 15% (and kicking in at £5,000 instead of £9,100) is the biggest hit to business owners
How the cost of employing someone on minimum wage just increased by 10.67% overnight
Why the Employment Allowance increase to £10,500 softens the blow — but only for smaller teams
How moving key team members into a Limited Liability Partnership (LLP) could save you tens of thousands in tax
Capital Gains Tax rises: from 20% to 24%, and Business Asset Disposal Relief increasing to 14% then 18%
Why there may be an M&A rush between now and April 2025
Inheritance Tax changes: business and agricultural property relief capped at £1 million, with 50% relief thereafter
Why pension funds will now be subject to Inheritance Tax from April 2027 — and what that really means
Why VAT on private school fees from January 2025 is just the start of a broader charitable status shake-up
How to extract funds from your company more tax-efficiently using loans, not dividends
Why this budget will accelerate AI adoption, outsourcing, and productivity — not just payroll cuts
Jeff Lermer is the UK's number one tax accountant and advisor for successful entrepreneurs. With over 15 years working alongside Paul Avins and decades of experience helping business owners retain their wealth, Jeff specializes in tax-efficient planning, capital gains strategy, inheritance tax mitigation, and smart extraction planning. His mission: help founders keep more of what they earn — legally, strategically, and sustainably.
Next StepsApply it now
Review your payroll costs, salary structures, and extraction strategy in light of the Budget changes — don't wait until April.
Connect with Jeff Lermer
Follow Jeff on LinkedIn for ongoing tax insights, planning tips, and updates as the Budget changes take effect.
Scale with Paul
If this episode resonated, Paul's work focuses on helping founders step out of the day-to-day and scale with structure and confidence.
Book a call with Paul: https://www.paulavins.com/book-a-call
Subscribe to the Scale-Up Newsletter: https://www.paulavins.com/newsletter-opt-in
About Paul Avins
Paul Avins is a scale-up business coach and founder of the Grown-Up Business framework. He works with founders and CEOs to help them move from operator to scale-up leader — building businesses that grow sustainably, scale beyond the founder, and create real enterprise value. Paul's work focuses on disciplined leadership, high-performing teams, and systems that replace chaos with clarity.
Level Up. Team Up. Scale Up. Fire Up.