A guide to help this Stress Awareness Month
April is Stress Awareness Month.What is Stress? It is perceived as a bad thing but actually, without the ability to experience stress, mankind wouldn't have survived. Stress releases the hormones that give us the fight or flight mode we use daily.How do we recognise stress? What are the key signs?How does stress affect us? Our cognitive reactions, our physical movements as well as our behaviour and emotions?Coping with stress will differ for each of us, depending on our triggers, but this ...
April 5, 2024Tax Rate Cards - 2024/2025
Tax Rates giving you a headache? Don’t worry if you’re stuck working out your tax rates for the next financial year. We have put together some simple to follow tax rate cards for guidance. The cards are based on the Spring Budget announcement delivered by Jeremy Hunt a few weeks ago.If you are looking for any specific Tax Planning advice, why not get in touch with the team....
March 27, 2024Sole trader or limited company? Here are your pros and cons
If you are having a hard time deciding whether to register as a sole trader or limited company, we have some advice on both the definition and the pros and cons of each choice....
March 22, 2024Spring Budget 2024
The Spring Budget, delivered by Jeremy Hunt this week, included several key measures that will affect you and your business. Headlines include:Tax on Savings and Dividend Income:Savings and dividend allowances set at £1,000 and £500, respectively.Reduction in the dividend allowance from £1,000 to £500 in 2024/25.High-Income Child Benefit Charge (HICBC):Thresholds for HICBC increased with a slower rate of clawback.Plans to administer HICBC based on total household income by April 2026.Em...
March 8, 2024How we can help you submit your tax return easily
Are you feeling exasperated and struggling to get your tax return submitted? The tax year end shouldn't feel fretful and so we are going to talk you through how we help our clients make tax returns a breeze!...
January 9, 2024What is Capital Gains Tax?
Capital gains refer to the profits earned from the sale of certain assets, including investment properties(not your main residence), stocks, shares, and the sale of businesses. Capital gains tax (CGT) is a tax imposed on these profits.As of October 2021, there are specific rules for reporting capital gains, especially on the sale of second homes. Gains related to property sales must be declared within 60 days of the sale, and any tax owed must be paid promptly. If gains not related to property, ...
December 6, 2023Autumn Statement 2023 - What does this mean for you and your business?
The Autumn Statement delivered by Chancellor Jeremy Hunt on November 22, 2023, included several key headlines and measures:1. National Insurance Contribution (NIC) Cuts:The main rate of Class 1 NICs for employees earning more than £12,570 a year will be reduced from 12% to 10% starting from January 6, 2024.The Class 1 NIC rate will remain at 2% for earnings above £50,270 a year.Self-employed individuals will experience a cut in ...
November 23, 2023Is my Money Safe? How to Protect Your Business Funds
BusinessAs your business grows, it is likely the cash you hold in your company bank account(s) will grow too.Any cash deposited with a bank or building society authorised by the Prudential Regulation Authority, benefits from the Financial Services Compensation Scheme (FSCS). The FSCS was set up by Government, to offer some protection when financial firms fail.What is the compensation limit?The compensation limit is £85,000 per bank or building society. If you have money in multiple accounts wit...
October 23, 2023The Henry Dancer Days Story
Everyone is affected by cancer in some way, sadly. I was too. Can you imagine your beautiful child being fine one day, having a limp the next then, after a visit to your GP, having him/her diagnosed with a cruel and aggressive cancer: commencing treatment within 48 hours? Within 3 months you face the amputation of his/her leg then, before a year is up, his/her death after suffering horrendous treatment and reactions to it.I lost my only son, Henry Dancer, to Osteosarcoma when he was j...
October 23, 2023How to write a successful business plan
Want to create a business plan but don’t know where to start – Here are Stephens Tips from a recent conversation with software partner Fathom.Tip #1: Discover your why and purpose Step away from your desk and find your peace in a place that resonates with you. For me, it's the beach. Take time to connect with your why and purpose. Speak with someone who can help you understand and define these fundamental aspects of your business. When you know your why, you'll be better equipped to cra...
October 4, 2023Workflow Max Update Seminar 2
Our systems implementation manager David gives his latest updates on what's happening with the WorkflowMax platform and what the future holds. This seminar was first delivered at the end of September 2023.You can watch the full seminar here:...
October 4, 2023How to set yourself up for long term success in your business
Overnight business success would be the ultimate dream achievement, but unfortunately is rare. For the long term success of a business, leaders need to adopt a perseverance mindset.Let's break it down: Setting the Goals: We always talk about your why and your purpose and that is because it is step number one in the business journey. What is it that you want to achieve? Personal and Business. Understanding this is essential for providing direction to the team. Goals helps m...
October 4, 2023Xero Launch Beautiful Business Fund
Xero have recently launched their Beautiful Business Fund. Do you run a great business, use Xero to manage your business finances, and want to win up to £35,000?Applications for the fund are now open and we encourage you to apply. There are four funding categories, with no cap on how many you can enter: Innovating for sustainabilityHow are you taking the next step on your sustainability journey? Trailblazing with technologyHow are you seeking to innovate and set pace with ...
September 15, 2023Choosing the best accountancy software for your business
Choosing the right accounting software for your business is a critical decision that can significantly impact your financial management and overall success. Here are the steps we take to help you find the best option: Assess Your Business Requirements: Identify your primary needs and objectives. Determine if you need features like inventory management, integration with other software, or online access while travelling. This will help you narrow down your options.Evaluate Scalability: Choose...
August 30, 2023Stephen's Interview with Pat Delbridge of the ACCA
Following Valued's double win at the Northeast Accountancy Awards Stephen was interviewed by Pat Delbridge of the ACCA. Pat then shared the interview on Linkedin.Here's what Stephen had to say about the win!"I honestly had no interest in entering Valued into the North East Accountancy Awards - I’d tried ten years ago and got nowhere. Our new office manager really wanted to enter us and drafted the nomination and asked me to read it over. It was when I was reading it over that I thought wow - w...
July 28, 2023About HMRC's Seasonal Model
The HM Revenue and Customs (HMRC) has recently unveiled that it will be conducting a pilot program for a new seasonal model for the Self Assessment (SA) helpline. The pilot will run for 3 months from 12 June until 4 September, during which period SA queries will be temporarily redirected to digital services, including online guidance, digital assistants, and webchat. This pilot is aimed at prioritizing urgent queries and providing expert support to those who really need it....
July 28, 2023Valued does the double at North East Accountancy Awards
Friday 30th June 2023: Consett-based accountancy and business advisory firm, Valued, has done the double, winning not one but two prestigious accolades, at last night’s North East Accountancy Awards.Returning for 2023, the awards recognise excellence within the fields of finance, accounting and tax, from all industry sectors operating in the North East. At last night’s black-tie dinner - held at the Hilton Hotel Newcastle | Gateshead and hosted by ex-BBC Newcastle presenter and all-round fun...
July 18, 2023Workflow Max Update Seminar
Our systems implementation manager David gives his latest updates on what's happening with the WorkflowMax platform and what the future holds.You can watch the full seminar here:...
July 18, 2023How to build confidence as an entrepreneur and stay on the path to success.
The more time I spend time talking to clients, the more I realise that many business owners don’t need a complete overhaul in order to operate at their best. They just need a bit of help clearing the fog and finding their way again. Whether that’s providing their first timely set of accounts or helping them ‘find their why’, all they need is guidance.At Valued we’ve spent the last few years trying to distil the process of helping down into something more tangible and yet still fle...
May 25, 2023Losing Your Compass: Why many entrepreneurs lose direction.
Hey, It’s Stephen here. Founder of Valued and a fellow business owner.Starting a business is exciting, but much like any journey, it’s not uncommon for entrepreneurs to lose direction along the way. In fact, there are regular patterns of behaviour that we see amongst many new clients and we’ve given it a name. We call it ‘Losing your compass’. Any of this sound familiar?...
May 25, 2023Case Study: Qutis
Qutis have been pioneers of aesthetic skin treatments for over 20 years.Run by husband and wife team Marea and Stephen, Marea began offering botox treatments before they were in vogue and has spent the subsequent decades honing her craft whilst building a trusted brand based out of Oxfordshire. They have three clinics, Incredible staff and turnover in the millions. Still, despite their accolades even this friendly team haven’t always been able to completely avoid the challenges that come with ...
May 15, 2023Spring Budget 2023 - What you need to know
Jeremy Hunt announced his second fiscal statement and first Budget since becoming Chancellor against a backdrop of fragile public finances, an ongoing cost of living crisis, and increased Government borrowing.In January, the Chancellor appealed to the nine million ‘economically inactive’ people in the UK, specifically retirees, claiming: “to those who retired early due to the pandemic, or haven’t found the right role after furlough, I say Britain needs you.”Ahead of time, then, we expe...
March 16, 2023How to Pay Your Personal Tax Bill
You've got an accountant to help you file your tax but how do you actually make the payment once that's done?It's a question we get a lot at Valued. So we put together this quick guide to explain how:If you have a government gateway account you can log in to pay your tax. This way you can view how much is owed and keep track of what you have paid. https://www.gov.uk/pay-self-assessment-tax-billFollow the above link and click on the green 'pay self assessment now' button.It asks for your UT...
February 20, 2023How the 2023 corporation tax rises will affect your business
How the April tax rise affects SMEs. After multiple policy U-turns and much uncertainty, the main rate of corporation tax will rise from 19% to 25% from 1 April 2023, affecting companies with profits of £250,000 and over.The legislation provides that small companies with profits up to £50,000 will continue to pay corporation tax at 19%, with profits between the two limits being subject to a tapered rate.All UK companies must pay corporation tax on the profits they generate, while the prof...
February 20, 2023Our Company Goals for 2023
Looking ahead to 2023 we're excited. We've been doing a lot of work on ourselves as a business recently and it feels like this has all been distilling down to this point.Goal setting is easy, remaining accountable and actually achieving them isn't. So we're publishing this quick blog post to both share our goals and hold ourselves to account.So here they are, the Valued company goals for 2023:Develop the Valued brand to be a market leader in cloud accounting - This is important as the better inf...
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