Bells Accountants

Another great year at Bells Accountants drawing to a close and for that we thank our fantastic teams across the business, our partners and our fabulous clients. We are excited to build on this success in 2025 and wish you a very Merry Christmas and a Happy New Year.

Looking back over the past year Bells Accountants are proud to have used our resources and expertise not just to serve our clients but to make a positive impact on the local community. This year, the team have volunteered, donated and participated in various activities. CSR is not just a box to be ticked, but a genuine commitment to to make a tangible, positive impact on the lives of those around us. Some of our CSR projects: The Chartwell Charities We are proud to be long-term supporters, volunteering our time and resources to further their vital work. Our team members organise an annual quiz, which in total has raised nearly £7000 to support cancer patients and their families, including an AV1 robot, Annabell, helping a child to learn in school remotely when they are too unwell to attend in person. We also donate Easter Eggs and support them through our Pure B2B Mastermind meetings. Demelza Children’s Hospice - Our team sponsored and took part in the Demelza Charity Bubble Run, a fun fundraising event that brings the community together. We are delighted to lend our sponsorship to this local vital cause. Writing a series of books called Money & You! educating young people on finance. We are promoting the need for these much needed life skills, and we have gifted some to local schools and youth charitable foundations. ABC Book Club– Our team have collected donations to build school libraries, as reading is proven to have a positive affect on children's lives particularly in deprived communities. Table talk leader and volunteering at Beckenham Business Association at their Business Day, building connections and support for our local business owners. Volunteering at Foal Farm Animal Rescue Centre Biggin Hill. Our team spent the day there helping deep clean animal shelters. Sponsor of Orpington FC under 7s. Collected pyjamas for the @Children's Hospital Pyjamas Appeal. At Bells Accountants, we are honoured to be able to give back to the communities we serve, and we will continue to seek out new ways to make a lasting, positive impact.

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Jo & Anna had a great night representing the Bells Team at the ABBBAs on Thursday. We celebrated being one of 3 finalists in the Best Independent Business award category for the second year. Congratulations to all the finalists and winners! We enjoyed catching up with lots of our amazing clients and business contacts at Pure B2B Mastermind, Bromley business network and business community - what a lot of great people work in Bromley! Thank you to Lauretta Wright and team for organising it all - what a night! Chandra Sharma Chas Jordan Bayo Igoh Steve Lipscombe Danielle Hattrill Paul Harrhy CeMAP MLIBF Concerto Catering Fiona Harrhy Chelsea Ferdinales Helen Manchip Louis Riat-Bonello Jem Bahaijoub Andrea Toms @david seymour Simi Ghuman Mercedes Yearley 'Wellbeing through Drama' 💌 Parisa Wright Angela Gregg Janice Hinton Emma Meheux Rachel Barham Michelle Simpson Jane Knight FIEP Jane Rogers David Walkley

What inspired our MD to start her business? In this interview she reveals her insights into life as a business owner and how to have a success mindset. https://lnkd.in/gCuqgdKQ

Another great day at the Beckenham Business Association event today. Joanne hosted a table talk on profit & saving tax and Anna enjoyed greeting guests on reception. It was an insightful day with so many energised business people sharing their stories and advice. Good to meet new contacts and catch up with existing ones - well done to the team at BBA for bringing us all together. Sarah King MIED Rachel Barham Bayo Igoh Chandra Sharma Lilian Lee Elizabeth Wakeling Jane Rogers Zeenat Noorani The Clarity Coach Warren King l Corporate Photographer Reema Bhanote Beth Alton Diane Carey David Walkley Anne Barrett 'Ronke Kokoruwe Emma Meheux Gregory Micallef Mercedes Yearley 'Wellbeing through Drama' 💌 and too many to mention! #beckenhambizassociation #businesscommunity #accountants Beckenham Business Association

Budget Summary October 24 We are pleased to update you on today's budget. We will be working to ensure we do all necessary tax planning to minimise the impact for our clients. If you have a concern on how the budget may affect you do give us a call on 0208 468 1087. Income tax Personal tax thresholds will increase in line with inflation from 2028/29 (frozen until then) No change to income tax rates   Dividends No changes to the rates of dividend tax, or the tax free amount, which stands at £500   National insurance Employer’s National Insurance contributions will rise from 13.8% to 15% from April 2025 The threshold at which businesses start paying National Insurance on a worker’s earnings will be lowered from £9,100 to £5,000 from April 2025 The annual employment allowance will increase from £5,000 to £10,500 from April 2025 No change to employee rates of NI   Corporation tax No changes to the rates of corporation tax   Capital Gains tax From today, CGT will increase at the lower rate from 10% to 18% and the higher rate from 20% to 24% The rate of CGT on residential property will stay at 18% and 24% No change to the CGT annual exemption of £3,000   Inheritance tax The threshold will be frozen at £325,000 until 2030 Inherited pensions will be brought into inheritance tax from April 2027   VAT No change to the VAT threshold, which is currently £90,000   Housing Stamp duty land surcharge for second homes will increase by 2% to 5% from 31 October 2024 Freehold holiday let regime to be abolished from April 2025   Other Existing incentives for electric vehicles will continue from 2028 Minimum wage to increase by 6.7% for people aged 21 or older - £12.21 an hour (previously £11.44 an hour) from April 2025 Minimum wage for people aged 18-20 to increase from £8.60 to £10 an hour Apprenticeship pay to increase from £6.40 to £7.55 an hour Business rates discount of 75% for retail and hospitality sectors, due to expire in April 2025, will be replaced by a discount of 40% (to a maximum of £110,000) VAT on private school fees will come into effect from January 2025 Business rates relief on private schools will be removed from April 2025 Single fare bus cap will increase to £3 from £2 – this cap is in place until December 2025 Triple lock on pensions to be kept State pension to increase by the highest of inflation, average earnings or 2.5% Non domicile regime to be abolished Fuel duty will be frozen for 2025, and the 5p cut will be extended for another year Draught alcohol duty cut, and duty on non draught products increase in line with RPI from February 2025  

This week the Bells team from our Wallington, Chislehurst and Sevenoaks offices took part in a volunteering day at our wonderful local animal rescue centre FOAL Farm in Biggin Hill. https://lnkd.in/gd6QjCzz Our team got stuck in deep cleaning the cow shed, had a tour of the farm and lunch at their cafe. They said “We wanted to send you and your wonderful team a massive thank you for being absolutely amazing today! You achieved an extraordinary amount clearing the cows’ hardstanding and making their bed and were so brilliant to tackle such a hard task. Not only have you made that area look fantastic, but you have also made our cows so incredibly happy.” Well done Joanne Bell Josh Colbeck- Payne Tom Brereton FCA Anna Young Ranu Weerasinghe Ian White Jo Bennett & Kevin Chik. #teamwork #volunteering #happycows #bellsaccountants

Thank you 🙏 to everyone involved in our Charity Quiz night at The Bromley Court Hotel for The Chartwell Charities! We raised an incredible £1500 ( to be doubled to £3k through a matching scheme)!!! A huge thank you to our hosts at the hotel, Amy O’Brien raffle sponsors Alasdair Wilson Mark Rivera at Clockwise Offices, Bromley, Tony Jenkins BROOKE BROWNE LIMITED, Sidcup Family Golf, Troy Restaurant Inc Not forgetting our knowledgeable (or not so, depending on the question!) attendees who supported our event, we hope you had fun raising for such a wonderful charity who help families going through cancer treatment. Joanne Bell Helen Dale Jenny Darby Josh Colbeck- Payne Lindsey Davison Louis Riat-Bonello riat Jem Bahaijoub Paul Spencer Luke Richards @david seymour Victoria McLeod-Gayle Scott Eccles Gary Cooper Joanne Bennett @michelle Calthorpe @natalie bristow, Catherine Irving Mike Young MCIOB Dan Perrott Peter Humphrey, Kate Darkins Steve Dale Paul Hogan and too many to mention!

We are delighted that once again we are one of three finalists for the BEST INDEPENDENT BUSINESS at the Bromley ABBBAs! This is thanks to our hardworking and lovely team, who truly go above and beyond for our clients. We are looking forward to joining lots of other local businesses to celebrate next month! #bestbusinesssaward #abbbas24