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Welcome to our regular update which we hope is an informative news briefing about the most important things which could impact on your business - as well as telling you a little more about Blue Peak and its activities.
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A message from Catherine Bond - Managing Partner
As we settle into a nervous 2025, being in control of your finances is more important than ever. New regulations, taxes, political leaders and low business confidence mean that we all need to be more prepared for the turn of events in the year ahead and
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beyond. We are working more closely with our clients to ensure their finances are sound, so they are ready to react to the unexpected in a positive manner.
We continue to add real value wherever we can to our clients and we are delighted to be able to welcome a multitude of really exciting new businesses on board as clients. They together with our loyal cohort of existing clients will notice we are adding new services to the Blue Peak menu and we are forming dynamic new partnerships with trusted service providers who can offer the Blue Peak family of clients further valuable support in areas such as HR, IT, international payments, wealth management, marketing and setting up in UAE.
We’re not just accountants; we’re business strategy advisors and we would be delighted to grab a cup of coffee with you to update you on the exciting world of Blue Peak and all the additional ways we may be able to help you and your business grow.
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>>> COULD YOU BENEFIT FROM A BUSINESS MOT? |
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Is your business humming along nicely? If so, congratulations!
If not and you have a few worries about how smoothly your business is running, or you have a few queries about which road to go down, come and meet with us for a free Business MOT over a cup of coffee.
We at Blue Peak understand the challenges and intricacies of running a successful business. We can look under the bonnet and at your road map to identify options that can help you get on the next leg of your journey with confidence.
An informal confidential one to one conversation with one of our expert team of tax, accounting or business professionals can offer you as a business owner the rare opportunity to get an impartial view or some professional guidance on a whole range of business issues and worries.
With your ambition and our expertise we can advise, help and support you on that road.
To check-in for your FREE 30 minute session just give the team a call on
0118 315 0036 or email: enquiries@blue-peak.co.uk
To learn more about the Business MOT's, click here.
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"Given the amazing service Blue Peak has provided us over the years, I couldn’t think of a better partner to recommend." -
Tan @ Prezien
"Your thoroughness is amazing, and you put yourself in my shoes, which is precisely what I would expect of your company." –
Renato
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>>> SERVICE SPOTLIGHT: PAYROLL |
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Why Outsource Your Payroll? Have you given thought to the possibility that your company could benefit from outsourcing this important but often complex and time-consuming role?
Managing payroll in-house requires hiring specialised staff, investing in software, and dedicating resources to training. Outsourcing allows companies to avoid these costs, only paying for the services they use. Additionally, outsourcing can reduce the risk of errors - which can be costly to rectify.
Payroll processing involves a significant amount of time-consuming tasks such as calculating wages, deductions, taxes, and preparing reports. Outsourcing frees up time for internal staff to focus on core business activities, increasing productivity and efficiency.
Payroll service providers employ experts who stay updated on the latest regulations, tax laws, and best practices. Your company can tap into this expertise and ensure payroll processes are efficient and compliant.
Payroll regulations and tax laws are complex and subject to frequent changes. Outsourcing ensures that payroll is processed accurately and in compliance with all relevant regulations.
Find out more by having a chat with Blue Peak to hear how we can help your company’s payroll operations.
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A common question we get asked by our clients is
"What are payments on account?"
The answer to this question is as follows:
Payments on account are advance payments made towards your Self Assessment tax bill, including Class 4 National Insurance (if you're self-employed). These payments kick in if:
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Your last Self Assessment tax bill was £1,000 or more.
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Less than 80% of your tax was deducted at source (e.g., through PAYE).
Payments on account are intended to help you with cash-flow as you are paying towards next year’s tax bill, however in practice they result in large tax bills and often come as a surprise if you are not aware of the rules.
They are calculated based on your previous year's tax bill. Each payment is half of your previous year's tax bill, and they are due in two instalments: by midnight on 31 January and 31 July.
There may be things that you can do to reduce these, but understanding and managing payments on account can help you stay on top of your tax obligations and avoid unexpected bills.
Why not give us a call and chat though how we might be able to help you.
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You’ll probably recall that we supported the Alexander Devine Children’s Hospice Service for a third year. We are continuing our support for this wonderful local charity throughout 2025. But we couldn’t achieve what we have done without the amazing support of our clients. - Over the past year we raised £4211. |
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Together we raised money through raffles at BizFest and Henley Living Advent Calendar, book sales, a volunteer day at the shopping centre in Windsor, and a pop-up shop at Christmas in our offices at Winnersh selling toys. The team at Alexander Devine have given a flavour of what you have helped them achieve:
“Your wonderful support is helping us be there for children like Elikai, giving him the care and opportunities he needs to grow and flourish. His parents were told it was unlikely he'd survive the pregnancy. Despite all the odds, Elikai is now three years old."
"Elikai's been coming to the hospice since he was one year old. We never imagined he'd be able to do an activity such as baking cookies for us. What we love the most is that Elikai is so happy when he visits. He's getting access to activities and facilities he cannot get anywhere else. We are so grateful to the hospice service and feel privileged to be able to come here." - Elikai’s parents, Annicka and Politon
If you would like to become a corporate sponsor please get in touch with Tai Bishop
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