55.financial

Reflect, Listen, and Be Heard Whether in business or at home, reflecting, listening, and being heard takes skill, discipline, and courage. • Skill to focus and absorb without interrupting or judging. • Discipline to resist distractions and stay present. • Courage to speak up and trust your voice matters. The Impact? • Reflection drives growth. • Listening builds connection. • Being heard fosters trust and value. Without these, we risk misalignment, frustration, and stalled progress—in any setting. When was the last time you truly listened or ensured your voice was heard? #Leadership #Reflection #Listening #Communication #Growth

The Ivy is a lovely place for lunch, especially at this time of year. Never eat alone!

Tax Relief for Staff Christmas Parties As the festive season is well and truly here, many businesses are having or preparing for their annual Christmas parties. It’s a time to celebrate achievements, foster team spirit, and unwind together. The occasions feel even better knowing that they benefit from tax relief. Here’s what you need to know about tax relief conditions for staff Christmas parties: Annual Event Allowance: Employers can claim tax relief on staff parties provided the total cost per attendee does not exceed £150 (including VAT). This can cover food, drink, and entertainment. Exempt Events: The relief applies to events that are open to all employees at one particular location. So, whether it's a festive dinner, a fun-filled activity day or an informal gathering, as long as it falls within the allowance, it’s exempt from tax. Calculate Wisely: If the cost exceeds £150 per head, the entire amount becomes taxable. To avoid this, consider organising a budget-friendly celebration that still ensures that your team have a fun time. Inclusive Spirit: It’s a great opportunity to bring everyone together, reinforcing your team's sense of belonging and motivation for the year ahead. Plus, happy employees lead to a thriving business. As you plan your Christmas festivities, keep these tax relief conditions in mind to make sure you’re not missing out on potential savings. If you have any questions or need assistance navigating the complexities of tax relief, don’t hesitate to reach out to us at 55.financial. Cheers to a joyful and financially savvy holiday season! #ChristmasParty #TaxRelief #FinanceTips #EmployeeEngagement #55financial

𝐓𝐢𝐦𝐞 𝐭𝐨 𝐓𝐡𝐢𝐧𝐤: 𝐈𝐬 𝐈𝐭 𝐚 𝐰𝐚𝐬𝐭𝐞 𝐨𝐟 𝐭𝐢𝐦𝐞 𝐰𝐡𝐞𝐧 𝐰𝐞 𝐡𝐚𝐯𝐞 𝐬𝐨 𝐦𝐮𝐜𝐡 𝐭𝐨 𝐝𝐨?⁣ ⁣ As a business owner, the to-do list can feel never-ending. The pressure to stay on top of every task can make it hard to imagine taking time to think. ⁣ ⁣ 𝐖𝐡𝐚𝐭 𝐢𝐟 𝐜𝐫𝐞𝐚𝐭𝐢𝐧𝐠 𝐬𝐩𝐚𝐜𝐞 𝐭𝐨 𝐭𝐡𝐢𝐧𝐤 𝐜𝐨𝐮𝐥𝐝 𝐛𝐞 𝐭𝐡𝐞 𝐤𝐞𝐲 𝐭𝐨 𝐮𝐧𝐥𝐨𝐜𝐤𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐬𝐮𝐜𝐜𝐞𝐬𝐬?⁣ ⁣ In 2025, what are the outcomes you want to achieve? Are you still caught in the daily grind, or are you positioning yourself and your business to thrive?⁣ ⁣ Time to think isn’t just a luxury—it’s a powerful advantage. It’s how you innovate, sharpen your strategies, and make the clear, decisive choices that drive the outcomes you are seeking. When you create space to reflect, you have the opportunity to transform your business.⁣ ⁣ 𝐖𝐡𝐚𝐭 𝐛𝐨𝐥𝐝 𝐚𝐜𝐭𝐢𝐨𝐧𝐬 𝐰𝐢𝐥𝐥 𝐲𝐨𝐮 𝐭𝐚𝐤𝐞 𝐢𝐧 𝟐𝟎𝟐𝟓 𝐭𝐨 𝐚𝐜𝐡𝐢𝐞𝐯𝐞 𝐲𝐨𝐮𝐫 𝐯𝐢𝐬𝐢𝐨𝐧?⁣ ⁣ - Who do you need to influence or inspire to make your vision a reality?⁣ - What innovations are emerging in your sector, and how will you lead the way?⁣ - How can you reignite your curiosity and be the best version of yourself as a business leader?⁣ ⁣ By carving out time to think, you’re choosing to make a valuable investment in yourself and your business. ⁣ ⁣ 𝐖𝐞 𝐜𝐚𝐧 𝐡𝐞𝐥𝐩 𝐲𝐨𝐮 𝐟𝐫𝐞𝐞 𝐮𝐩 𝐲𝐨𝐮𝐫 𝐭𝐢𝐦𝐞, 𝐬𝐨 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐟𝐨𝐜𝐮𝐬 𝐨𝐧 𝐝𝐨𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐯𝐞𝐫𝐲 𝐛𝐞𝐬𝐭 𝐰𝐨𝐫𝐤.⁣ ⁣ #BusinessGrowth #StrategicThinking #Leadership #InnovateToLead #2025Goals

The benefits of outsourcing your business financial management Today’s business environment is leading many companies towards discovering the transformative benefits of outsourcing their accounts department and financial management functions. Here’s why you should consider making the switch: 1. Cost efficiency: Outsourcing can significantly reduce operational costs. Instead of maintaining a full-time in-house team, you can access expert financial services tailored to your needs—without the overhead. 2. Access to expertise: Partnering with a specialist financial firm gives you access to seasoned professionals with the latest knowledge in accounting, tax regulations and financial strategies. This helps ensure that your business stays compliant and competitive. 3. Focus on core activities: By outsourcing financial functions, you free up valuable time and resources. This allows you and your team to concentrate on what they do best—growing the business and serving your customers. 4. Scalability: As your business evolves, so do your financial needs. Outsourcing provides the flexibility to scale services up or down, ensuring you only pay for what you need. 5. Enhanced technology: Some outsourcing firms leverage leading-edge technology to streamline processes and improve data accuracy. This means you benefit from the latest tools without the hassle of managing them in-house. At 55.financial, we believe that effective financial management is a critical foundation and important first step towards driving growth and achieving your business goals. We’d love to help you: ·      navigate your business financial landscape; ·      develop your strategy for delivering on your vision and ·      transform your business for implementing your strategy. #Outsourcing #FinancialManagement #BusinessGrowth #CostEfficiency #Expertise #55Financial #AccountingSolutions #BusinessStrategy

Amazing effort from all involved! For those who don't know, BusinessLive's sister site Bristol Live (and the newspaper Bristol Post) have launched a campaign to raise funds for disadvantaged children at risk of hunger over the holidays... at they have reached nearly £20k in donations! Community of Purpose CIC Amy Kington Paul Lynch ARTHUR DAVID (FOOD WITH SERVICE) LIMITED 55.financial Martin Vincent Ben Lowndes #bristol #christmasappeal #christmascampaign #donations #businessnews #christmas #fundraising https://lnkd.in/e8yr3UCs

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𝐋𝐞𝐭𝐭𝐢𝐧𝐠 𝐆𝐨 “No, I can’t. The risks are too high. I’ve been let down before. What if they don’t do it the way I do? What if it’s not right? What if it all goes wrong?” 𝐒𝐨𝐮𝐧𝐝 𝐟𝐚𝐦𝐢𝐥𝐢𝐚𝐫? A lack of trust, past disappointments, and the fear of losing control can hold us back. Letting go can feel risky — like everything depends on you. But what if we flip the perspective? What if I mentor them, show them how, guide them through learning, and give them the space to practice and thrive? What if they rise to the challenge and prove even better than I ever imagined? The art of delegation isn’t just about passing on tasks. It’s about building 𝐭𝐫𝐮𝐬𝐭, creating 𝐞𝐦𝐩𝐨𝐰𝐞𝐫𝐦𝐞𝐧𝐭, and fostering 𝐚𝐜𝐜𝐨𝐮𝐧𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲. It’s about recognising that leadership is not controlling everything but enabling others to grow. Yes, letting go feels vulnerable, but the greatest growth — for you and your team — starts there. Are you ready to take that step to the light at the end of the path?

𝐋𝐞𝐭𝐭𝐢𝐧𝐠 𝐆𝐨 “No, I can’t. The risks are too high. I’ve been let down before. What if they don’t do it the way I do? What if it’s not right? What if it all goes wrong?” 𝐒𝐨𝐮𝐧𝐝 𝐟𝐚𝐦𝐢𝐥𝐢𝐚𝐫? A lack of trust, past disappointments, and the fear of losing control can hold us back. Letting go can feel risky — like everything depends on you. But what if we flip the perspective? What if I mentor them, show them how, guide them through learning, and give them the space to practice and thrive? What if they rise to the challenge and prove even better than I ever imagined? The art of delegation isn’t just about passing on tasks. It’s about building 𝐭𝐫𝐮𝐬𝐭, creating 𝐞𝐦𝐩𝐨𝐰𝐞𝐫𝐦𝐞𝐧𝐭, and fostering 𝐚𝐜𝐜𝐨𝐮𝐧𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲. It’s about recognising that leadership is not controlling everything but enabling others to grow. Yes, letting go feels vulnerable, but the greatest growth — for you and your team — starts there. Are you ready to take the step to find light at the end?

Financial benefit for small business owners and their companies An opportunity arises when owners make loans to their companies. Charging interest at a market rate can result in tax savings and other benefits. Company tax efficiency: When business owners charge interest on loans to their company, the payments are treated as a deductible expense. This expense can reduce taxable profits subject to corporation tax. Personal tax efficiency: Interest received by the owner does count as taxable income but, unlike a bonus paid via PAYE, there is no employees or employers national insurance cost. Interest paid by your company is even better than dividends because dividends are paid from company profits after corporation tax has been charged and are also subject to income tax on the shareholder receiving them. Investment cost recognition: Charging interest helps business owners ensure that their investments in their companies are recognised appropriately, they receive a fair compensation and business profits reflect arm’s length borrowing terms. Building business creditworthiness: Handling owner loans on an arm’s length basis can help strengthen a company's financial profile by demonstrating a strong servicing and repayment history which can help in securing future funding from third parties. Key Considerations: - The interest rate should be set at a commercial rate to avoid tax complications. - Maintaining clear documentation of the loan terms and repayment schedules to support tax claims is recommended. - When a company pays interest to an individual, it must make a basic rate tax deduction and account for this tax to HMRC on a quarterly basis. The tax deducted counts towards the individual’s personal income tax liability. - Loans made can be risky, especially if the company has inadequate security to offer the lender. At 55.financial, we’re committed to helping clients benefit from opportunities like this. If you’d like to know more, let’s connect and discuss. #SmallBusiness #OwnerLoans #TaxEfficiency #UKFinance #BusinessGrowth #55financial #Entrepreneurship #FinancialSuccess