Create Balance - Accountants,Tax & Business Partners

🎉 Congratulations to Lisa on Passing Her Tax Exam! 🎉

At Create Balance, we believe in investing in our people, supporting our team every step of the way to achieve their professional goals. 💼📚

We're thrilled to announce that Lisa has just passed her Tax Exam with flying colours! 🌟

Her dedication and hard work are a true reflection of the commitment and character.

👏 Well done, Lisa—your success is our success!

We’re proud to create an environment where our staff can thrive, pursue higher qualifications, and deliver even more value to our clients.



👩‍🎓 Keep shining, Lisa! 🌟

🎯 UK Budget 2024: What It Could Mean for You and Your Business! 💼📊

The first Labour budget for some years will be announced on 30 October 2024. 🚨

Capital Gains Tax and Inheritance Tax look like targets for change, but don't believe everything you read, there is still a lot of speculation.

At Create Balance, we're here to help you navigate these updates and make informed decisions based on facts💡

Stay tuned for our post-budget breakdown, where we will highlight what you need to know.

If you are concerned about any of the changes, then give us a no obligation call, we are happy to chat through any concerns you may have.



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A huge welcome to our new recruits, James Hartley and Chloe Costar! 🥳

James joins us as Senior Client Manager and Chloe as an Accounts Assistant.

We hope all our lovely clients will get to meet these two superb people who have brought the total number of our team to lucky 7!

You will all see a lot more of James as he will be networking to spread the word and services that we offer at CB.

- payroll
- bookkeeping and VAT
- statutory accounts and tax returns
- Trusts and Estates
- IHT planning
- FD/CFO services

We look forward to welcoming new clients to our exceptional practice. 😁

Our two Directors, Danielle and Jane, are the cover girls for the new Tunbridge Wells Business Magazine - with a beautifully laid out feature and interview.

The aim isn't just to attract new clients, but to attract talent, Danielle explains her journey and what plans her and Jane have for the next 12 months, and my goodness, it's exciting.

Taking the Fear out of Finance – Tunbridge Wells Business Magazine Finance Taking the Fear out of Finance Byadmin May 17, 2024May 16, 2024 Danielle Friend and Jane Hodge of Create Balance tell Eileen Leahy all about their modern and innovative accountancy firm which aims to take the fear out of finance and approach money matters in a more personal manner You wouldn...

Our offices will be CLOSED on Wednesday 15 May 2024 as the whole team are going to the ExCel in London to attend Accountex.

It is like Disneyland for Accountants, where we find out how to best help you, our clients. We will be browsing all the potential time saving apps and watching inspirational speakers.

Normal service will resume on Thursday 16 May 2024.

Our Founder and Director, through her work as a FD for various organisations gets to do some pretty awesome things.

Yesterday, she attended the King and Queen's Garden Party at Buckingham Palace and met Her Majesty Queen Camilla. King Charles was also in attendance.

The sun shone brightly, the lawns were immaculate and the bands perfectly in tune.

Such a privilege to get an invite.

Do you get frustrated trying to send documents to your accountants?

Do you put it off because you know it is going to be problematic, so it keeps slipping down that to-do list?

Or when you receive your accounts and tax return you have to enter a password that you can never remember, is it your UTR number and quite honestly nobody knows what that even stands for, let alone what the actual number is!

At Create Balance - Accountants,Tax & Business Partners we have invested in a product which has a client portal, we upload your documents and you can upload yours. We use it to sign documents, log workstreams and transfer files as well as a myriad of other applications which means we are quicker than most other practices.

Don't waste precious time on securing excel s/sheets or bank statements, use an accountancy & tax practice that has invested in technology to make your life easier!

Tech is a fast paced game and we are making sure we are keeping up with where the latest developments are for your benefit.

Want to know more?

[email protected]
01892 311890

Do you want to work with an innovative, modern and forward-thinking accountancy and tax practice? 🙋‍♀️🙋

Look no further...

[email protected]
01892 311890

Tax Efficiencies - do you own a limited company?

Did you know that is most cases, not all, paying a small salary, through a registered payroll and dividends is the most tax efficient way to pay yourself?

Do you need to run a payroll to be more tax efficient?

We have a payroll bureau which will help you do just that!

If you need payroll services, we have the expertise in house to run this for you.

Director only payroll is £300 + VAT per year.

[email protected]
01892 311890

Do you have a limited company?

Do you know when you can pay yourself a dividend? Did you know you have to prepare the accounts on an accruals basis?

If you pay yourself a dividend and the profits aren't there to be distributed, this is called an 'unlawful dividend'. If you don't prepare your accounts on an accruals basis you are in contravention of the Companies Act.

Who's keeping an eye on this for you?

I'll give you a clue, it's not 'Dave down the pub'.

If you don't know how to pay yourself, or what to pay yourself through your limited company, give us a call.

[email protected]
01892 311890

What can we do for you?

🗯 Bookkeeping, VAT returns
🗯 Self Assessment tax returns
🗯 Annual Accounts and CT Return
🗯 Payroll

What can we REALLY do for you?

💥 Increase your profits
💥 Reduce the amount of tax you pay
💥 Mentor and guide you through business ownership
💥 Give you the life you want to live

It all starts with one question...

If you want to know what that question is, get in contact.

[email protected]
01892 311890

Jane Hodge CTA summarises the Spring Budget!

Check out my blog post https://wix.to/inqMgKD

Spring Budget 2024 During what has to be one of noisiest Budget speeches I can remember – the Deputy Speaker really had her job cut out trying to keep the rabble in order today! – was there much for taxpayers to get excited about? National Insurance cuts Much noise was made in the press last night and this morning...

Always nice to receive some amazing feedback! 😁

"Create Balance have provided both our firm and our clients with excellent and expert tax advice.

Jane is always a pleasure to work with. She is extremely knowledgeable, thorough and is particularly responsive, which is a rare and wonderful attribute to have! We have absolute confidence in recommending Create Balance and Jane to our clients, whatever their tax enquiries or position. Thank you for being so reliable, approachable and helpful."

Jane has been a Chartered Tax Adviser for 24 years - aren't we lucky to have her!

[email protected]
01892 311890

If you could like and share our post, we would be very grateful.

😁

Reduced allowances + frozen tax bands + increased interest rates = more people needing to file tax returns

HMRC expect YOU to be responsible for reviewing your tax position and telling them if you need to file a tax return!

Since April 2016, some taxpayers with investment income have not needed to file tax returns thanks to the 0% dividend band and Personal Savings Allowance.

From April 2024 the 0% dividend band will be reduced to £500. At the same time, the Personal Savings Allowance has remained unchanged and, with the recent rises in interest rates, those with large cash deposits could find their interest income exceeding the tax-free amount.

While this can affect anyone with savings and investments, we are finding that pensioners in particular are affected, but are often unaware that they need to be filing returns.

At Create Balance, we can review your tax position and advise whether you should be doing anything.

We have a fixed fee of £150 plus VAT for the initial review and then, should a tax return be required, for those receiving state pension we offer a discount of 15% on our tax return fee.

Give us a call 01892 311890 or drop us an email [email protected] to find out more and see how we can help!

VAT registration threshold is £85,000

That is - £85,000 sales NOT profit

£85,000 is calculated over a rolling 12 months, the counter doesn’t go back to zero at your year end.

This is only if you provide a ‘taxable supply’ – most supplies are, rent is not. Do you know what yours is? Exempt, zero rated or standard rated, it could even be a mixture of all three!

You can register for VAT before you reach £85,000 in sales, it is called voluntary registration. If you then charge your customers 20%, HMRC will allow you to claim back the VAT you pay on your purchases.

But you can’t take your mates out on a night out and claim the VAT back – that’s called entertaining and that is not allowed.

If you buy a van for your business you can claim the VAT back, if you buy a car, you cannot, but if you lease a car, you can claim 50% of the VAT charged.

Did someone say tax isn’t taxing???

Check with your accountant if you need to register for VAT, if you miss the date you went over the VAT threshold you have to go back and collect it from your customers and that could be a bit embarrassing…

The VAT people do check and investigate, don’t be caught out – use a bookkeeping service that understands VAT.

Contact us at Create Balance - Accountants,Tax & Business Partners
01892 311890
[email protected]

Are you looking for a new Accountant or Tax Adviser?

We often refer to ‘Dave down the pub’ – Dave is the guy who provides unsolicited and unqualified advice to his friends at the pub because he heard it from his mate! Dave is NOT an Accountant or Tax Adviser, although you'd think he was as he speaks with confidence and authority...

Don’t listen to Dave!

Instead, call your accountant, or find a new one – we are open for new clients: limited companies, sole traders, partnerships, charities or individuals.

We provide a whole host of services to our clients from bookkeeping and tax advice, to FD/CFO services.

Dave is going to make a regular appearance in our social media postings

(Sorry to all those accountants and qualified people who are also called Dave)

Create Balance - Accountants,Tax & Business Partners

Accountancy and tax firms are being bought by large corporations – names which have been prevalent have been subsumed into larger firms, to be lost forever.

If you want to maintain a standard of care and support for your business or for yourself with your tax affairs, then call Create Balance.

Our Services:
• Accounts and Corporation Tax
• Personal Tax
• Trusts and Estate Tax
• FD/CFO Services
• Bookkeeping
• Payroll

Like and follow our page

The intention of our posts over the next few months will be to inform and guide and hopefully make you laugh, that's so you will remember us! 😊

We have updated our website.

www.createbalance.uk

Happy Friday!!

Create Balance Chartered Accountants and Business Partners | Tunbridge Wells | The Studio Eridge Park, Tunbridge Wells, UK Create Balance provides competitively priced accountancy, outsourcing and taxation services to those in their hometown of Tunbridge Wells all the way up to Edinburgh - for individuals, small business, SME's, NFP's and Charities. See what we can do for you!

It may be sleeting in the South East this morning, but don't let that stop you from filing your Tax Return before the 31st January 2024 deadline! 🌨

Prices start from £350 + VAT

Safe travels today 🚗

[email protected]
01892 311890

******************DISCOUNT - GIVE AWAY DAY**********************

🤩Did you receive one of our leaflets through your door this week?🤩

If so, write your name on it, post a picture on socials, tag us in, and get a 15% discount on our standard fees 🥳

Once you have done that, give us a call or send an email to claim your discount.

[email protected]
01892 311890

(excludes tax returns for 2022/2023 or existing clients, standard AML compliance rules apply through standard onboarding process, discount restricted to first 10 fee acceptances)

⭐ You may have seen the reports this week about HMRC clamping down on people who are selling on sites such as Airbnb, eBay and Vinted (there are other online selling platforms available). ⭐

Under the new rules these selling platforms will be sharing data with HMRC, but not for sellers who make fewer than 30 transactions or £1,735 per year.

Note the word in the articles 'profit' 💵 - if you are selling your own goods, it is highly unlikely you will be making a profit. But, if you are buying second hand goods and then selling them on, this is different.

Are you running a 'side hustle' where you are turning a profit of more than £1,000 per year? Does this constitute a trade? 👨‍🔧

Everyone's tax circumstances are different, you could be running a table top business from your kitchen and have no other income, there will not be any tax consequences for you. But if you have a job and are continuing a trade, it could be taxable.

Don't get caught out - get some advice. 🤓

[email protected]
01892 311890

Welcome to our brand new page!

We won't clog up your newsfeed too much, hopefully what we post will be useful.

WHO ARE WE?

We are an accountancy practice based just outside of Tunbridge Wells (opposite the Nevill, Crest and Gun for the locals).

Create Balance offers a myriad of services which you may find useful - statutory accounts, company secretarial, personal tax, business tax, VAT, payroll, business advice, bookkeeping and a bespoke offering of a virtual finance department.

We also offer a Finance Director (FD) service, if you own a business and you, as a Director, need additional support to understand your finances, then we are here to help!

[email protected]
01892 311890

www.createbalance.uk

Remember to tell all your friends!

Create Balance Chartered Accountants and Business Partners | Tunbridge Wells | The Studio Eridge Park, Tunbridge Wells, UK Create Balance provides competitively priced accountancy, outsourcing and taxation services to those in their hometown of Tunbridge Wells all the way up to Edinburgh - for individuals, small business, SME's, NFP's and Charities. See what we can do for you!