Press Releases
06.06.2011: New appointment
We are delighted to announce the new appointment of CIMA Accountant, Carl Derving.
Carl previously worked for a practice client as financial controller and due to their relocation cba hired him for his excellent skills and experience.
Chris Brown, joint managing partner at cba says: “As a local employer we feel it is of utmost importance to attract bright, young talent to the Hull & East Yorkshire region and retain those who originated here. As such, we were impressed by Carl’s strategic decision making ability and pragmatic approach which had resulted in some implementations at his previous employer. We see his appointment as a valuable addition to our excellent team of professional accountants.”
Carl says: "I am delighted to be given this opportunity at cba where I can offer practical advice to new and long-established businesses. I am studying for the Chartered Institute of Management Accountants (CIMA) qualification and through the experience gained in industry and commerce, see that being a great accountant is about focusing on the whole business environment and not just the numbers, in order to successfully plan for the financial future.”
“The cba culture very much focuses on the team and provides a friendly working environment which represents the values of a close knit family. As I have spent most of my career working for large organisations (including FTSE 100 companies), it makes a refreshing change to work in a flexible and friendly environment.”
08.03.2011: Interest rates - peace of mind for sale
Mortgage advisers at Chartered Financial Planners firm cba financial services say that seeking advice from an independent mortgage broker could help to ‘buy peace of mind’.
Simon Riley, Mortgage specialist from cba financial services says: “There is a lot of uncertainty in the media at the moment about interest rates and how the decisions made by the Bank of England will affect our lives.”
“Getting advice from an independent mortgage broker now, could minimize the impact of interest rate rises. We advise clients to consider how their monthly payments would be affected should the base rates rise in the near future. In some cases, borrowers on a variable rate would be wise to fix now in order to buy peace of mind for the future.”
For further information on cba financial services limited’s services, please call our team of chartered financial planners on 01482 881919 or Email Us
01.02.2011: Common sense tax tips to save you cash
From April this year, an extra 750,000 UK tax payers will become Higher Rate Tax payers – FACT or fiction?
If you listen to the media, it’s all doom and gloom right now but, as UK tax payers you have two options:-
- Sit back and allow the Government’s changes in legislation make a hole in the average household pocket of £thousands per year.
- Follow our common sense tax tips and keep it to yourself. These are not tips for tax avoidance, it is simply common sense.
As a result of changes in the tax system, from April, up to three quarters of a million more of us in the UK will pay tax at the higher rate of 40% and not because of any salary increase. Presently higher rate tax starts when earnings are over £43,875 but in April this reduces to £42,475.
What we advise you to do…
Paying into a pension is one tax-efficient way of reducing your 40% tax bill. Here is an example:-
Your earnings: £45,475
Personal allowance before you pay tax £7,475
You pay £3,000 into a pension
Therefore, you don’t pay the higher rate of tax even though you are earning £45,475 because the money going into the pension raises the threshold for higher rate tax. And you are saving for your retirement.
Salary sacrifice
This is where you agree with your employer to a reduced salary in exchange for a pension contribution that is equal to the saving which enables you to pay into a pension but your net salary is not affected. In addition there are savings in National Insurance using this route which your employer may also wish to contribute towards your pension.
If you are already paying into a personal pension make sure you declare it on your tax-return or write to the HM Revenue & Customs. It might seem obvious but many people don’t and lose out as a result.
Keep your Child benefit
Paying into a pension might also save your Child Benefit. From April 2013 the Chancellor has also stated that 40% tax payers will lose their child benefit, (a person with 3 children will lose £2,450 a year). Example:-
Earnings of £43,000 = child benefit nil.
Earnings £43,000 with a pension contribution of £2,450 + child benefit £2,450 = £2,450 per annum is going into your pension without it costing you anything.
High Earners: Those earning over £100,000 lose £1 of personal allowance for every £2 over £100,000. Currently £6475 and from April £7475 it means an extra £2,590 in tax now and in the next tax year £2,990.
Salary sacrifice, again, may be an option to make significant tax savings and boost pension provision.
For a FREE financial health check and to find out exactly how you might be affected by the Government’s changes, please call our team of chartered financial planners at cba financial services limited on 01482 881919 or email admin@cba-partnership.com
08.11.2010: cba financial services limited achieves Chartered Status
The Chartered Insurance Institute (CII) has awarded cba financial services limited with the prestigious ‘Chartered Financial Planners’ title making us one of East Yorkshire’s leading providers of financial advice.
Chartered status is an exclusive title which is only awarded to firms that meet rigorous criteria relating to professionalism and capability. All Chartered Financial Planners commit to the CII’s Code of Ethics, reinforcing the highest standards of professional practice in their business dealings.
cba financial services limited specialise in providing advice on all types of investments, pensions and life assurance for individuals and businesses and the firm also acts as a mortgage broker.
David Dunning, General Manager, says that securing Chartered Financial Planner status is a landmark for the firm: “We have always prided ourselves on being thoroughly professional in everything we do, and to receive external recognition in this way is very gratifying. As Chartered Financial Planners, we can signal our commitment to the highest levels of service to our customers.”
Steve Jenkinson, Managing Partner, said “We are delighted to be one of only three companies in East Yorkshire to be awarded Chartered Financial Planner status. This allows us to demonstrate clearly that the professional standards we apply through the accountancy practice are mirrored within our financial advice arm and should set clients’ minds at rest that they will receive only the finest quality, independent advice.”
The company now has 6 qualified Independent Financial Advisers and is the only Chartered Financial Planners who are linked with a firm of Chartered Accountants.
To date, just over 230 firms nationally (1 in every 5th town) has achieved Chartered status, indicating that this is a highly exclusive award reserved for top firms within the financial advice market.
For further information, please contact David Dunning at cba financial services limited on 01482 881919 or email ddunning@cba-partnership.com
CII
As the premier professional body for the financial services profession, the CII promotes higher standards of integrity, technical competence and business capability.
With over 93,000 members in more than 150 countries, the CII is the world’s largest professional body dedicated to this sector.
The CII works with businesses to develop bespoke, company-wide solutions that ensure competitive advantage by enhancing employees’ technical and professional competence.
Individually, CII’s members are able to drive their personal development and maintain their professional standing through an unrivalled range of learning services and by adhering to the CII’s Code of Ethics & Conduct.
21.09.2010: New appointment
cba Financial Services Limited is delighted to welcome David Dunning as General Manager.
David has worked for 23 years mainly as an Independent Financial Adviser (IFA). The firm has recruited David from Lloyds TSB Bank where he was a senior manager in wealth management and prior to this he worked within local IFA practices.
Steve Jenkinson, Managing Partner at The cba Partnership says: “David is working towards Chartered status to join myself and Tracy Hutty as Chartered Financial Planners. He will oversee our Financial Services team, focusing on raising the profile of the business.”
David Dunning adds: “The Financial Services industry is currently in a transitional period which is creating exciting opportunities for quality IFAs focussing on providing the highest quality advice to their clients. It was clear from my first meeting that cba is well positioned to benefit from the changing environment of this industry.”
For further information on the services provided by cba Financial Services Limited please call 01482 881919 or visit www.cba-partnership.com
07.09.2009: Local property market receives a boost
The local property market has been given a boost with the news that cba Financial Services Limited has teamed up with Hull-based sales and lettings specialist, Malcolm Gold.
The news means that anyone looking to buy, sell, let or rent a property in the area can get instant access to independent financial advice to help them explore their options fully.
“We’re always looking for new ways to give our customers added value,” explained Steve Austin, Director of Malcolm Gold. “In todays complicated and strictly regulated financial services market, access to independent financial advice provides a crucial competitive edge.”
“Through our new relationship with cba, we will be able to refer our clients to a suitable adviser who will work with them to provide independent, impartial advice on mortgages and re-mortgages for residential, commercial and buy-to-let properties.”
Simon Riley, IFA from cba Financial Services says: “I am delighted to be working with Malcolm Gold property services to offer financial advice direct to their clients.”
Established in 2001, cba financial services has built an enviable reputation for providing excellent advice and first class service to business and personal clients alike.
Further details can be obtained direct from Simon Riley on 01482 881919.
22.09.2008: The cba Partnership helps local entrepreneurs get an extra £2.1 million
cba will be running a seminar on Wednesday 15th October to show local entrepreneurs how to generate an extra £2.1 million.
Joint Managing Partner from cba, Steve Jenkinson said:
"The seminar demonstrates how we use a new performance measurement and improvement approach to increase profits and improve cash-flow in order to make the business more valuable and significantly reduce tax bills. During the seminar we work through a case study which shows how one small business actually achieved this result of £2.1 million in seven years."
There is a fee of £58.75 for each person to attend the seminar and within this all delegates receive a preliminary diagnostic review to help identify some of the key opportunities for both their business and personal finances and provide an action plan for making it happen.
Business owners who would like to reserve a place can do so by contacting Jess Clark on 01482 881919 or jclark@cba-partnership.com.
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Left to right:- Tim Wright, Steve Jenkinson, Jo Hall, Tim Barley and Chris Brown |
28.04.2008: Independent Accountants join forces
The cba Partnership announces the acquisition of Kirk Ella based Chartered Accountants – TP Wright & Co.
Steve Jenkinson comments: "We are delighted to acquire this business and gain a valuable new team member - Tim’s right-hand-woman – Jo Hall.
After many years as a sole-trader, Tim has taken a life changing decision and is relocating to a remote area of the Scottish Highlands. Jo is now based at our Beverley office and will continue working with the clients she knows so well."
Tim Wright says: "I have not taken the choice of business partner lightly and I believe that cba shares a similar work ethic but with significant additional resources. I know the personal commitment my clients have enjoyed will continue and Jo Hall will maintain her usual dedication."
For further information on cba please go to www.cba-partnership.com or call 01482 881919.
27.02.2008: Financial experts join UK top 1000!
Both Steve Jenkinson and Tracy Hutty from cba financial services have reached the apex for financial planning professionals. Having achieved ‘Chartered Financial Planner’ status they join just over 1000 others in the UK.
Institute Director from the Chartered Institute of Insurance, Steve Jenkins comments: “I am delighted that these members of the cba Group have achieved Chartered status – this level of qualification is widely recognized as the pinnacle of the profession and will be of significant benefit to cba clients. The Chartered Institute of Insurance has awarded Steve and Tracy with a new, internationally recognised benchmark of quality and ethical practice for financial services professionals.”
Steve Jenkinson from cba Financial Services says: “Chartered Financial Planner status shows a commitment to an overall standard of excellence and professionalism, and is a declaration that the financial advice given is of the best quality, based solely on the researched needs of the particular individual and is provided by a professional with the highest level of competency.”
Tracy says: “The advice that we provide, covers areas such as Pensions, Long Term Care issues, Wills, Investments, Inheritance Tax Planning, Protection and Equity Release. We welcome enquiries about all services provided by the cba Group."
For further information about the cba Group, please go to cba-partnership.com or call us on 01482 881919.
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Left to right:- Chris Brown, Tim Barley, Steve Jenkinson and Brian Bettison |
12.11.2007: New appointment for East Yorkshire Chartered Accountants and IFA’s
The Beverley based cba Group has recruited one of the regions’ top Senior Financial Advisers. Brian Bettison has worked in Financial Services since 1995 following a career in International Marketing and Commercial functions in the Pharmaceutical and Biotech sector.
Having been an Independent Financial Consultant since 2001, Brian’s expertise lays within investment portfolio management, in particular - asset allocation management, estate and trust planning and Inheritance Tax mitigation. He also works closely with Solicitors in relation to estate and trust planning and reviews and the financial planning implications in divorce cases.
Corporate Financial planning with emphasis on Corporate Pension Schemes, is another area of interest and he works as a consultant on the restructuring of company final salary schemes and trust based pension schemes.
Companies he has worked with include BP, Conoco, Wincanton, Barclays, Global Home Loans, and Carphone Warehouse.
He says: "I am really pleased to join cba. The practice provides a range of specialist financial services and my appointment will further enhance our clients’ experience. The areas that I cover if structured carefully can benefit clients now, in the future and for their children’s future."
Steve Jenkinson, Partner of cba says: "Brian will undertake a proactive review of our clients’ financial position and provide advice on how to better structure their finances and make them work more efficiently. We are fortunate to have him on-board, as there are few people in the region with his expertise and experience."
For further information on cba financial services, please call Judi Cullum on 01482 881919.
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Andy Mowbray from Citybuild and Chris Brown from cba |
05.11.2007: cba Partnership show support for the future of Hull
Beverley-based Chartered Accountants and business advisors CBA Partnership is the latest addition to the growing list of companies taking a procative approach to supporting the fututre of Hull by joining the city Bondholder scheme.
Chris Brown, Partner at CBA, said: “We feel passionately about the future of the city as it has a direct impact upon the success of businesses both in and around Hull.
“It’s imperative that local companies come together to support Hull by raising its profile as a great place to live and work and the Bondholder scheme provides an ideal opportunity for us to meet other like-minded people in the area who wish to make a positive contribution towards the marketplace in which we operate.”
Andy Mowbray, Business Development Manager at Citybuild, commented: “We are thrilled to have attracted such a diverse range of organisations to the scheme and are delighted to continue to gain support from an increasing number of companies who are recognising the benefits of becoming members.
He added: “CBA Partnership is extremely enthusiastic about the city and this will be greatly benefitial across the network. We welcome their support and look forward to creating effective synergies with other members who are working together to achieve a thriving location for businesses to prosper.”
Having gone from strength to strength over the last 12 years, CBA has an enviable reputation among the local business community for providing accurate and reliable financial services.
The firm acts as a complete one-stop-shop with expertise across a complete range of compliance and business support services. In addition the practice provides a comrehensive range of added value services which support owners and directors with their personal wealth management.
Dedicated to maintaining its position at the forefront of today’s competitive financial world, CBA utilisies state-of-the-art technology to enable clients to access services quickly and conveniently online whilst its team of highly trained staff and partners are on-hand to offer expert assistance and advice.
09.10.2007: You are only a ‘click’ away from your online I.T Manager
Beverley based, cba has launched a new service which allows small businesses to get their I.T problems fixed at the ‘click’ of a mouse. I.T. Remote works via the Internet, it provides an insurance protecting businesses against the problems faced with computer software.
Scott Reading, cba’s IT Manager says: “Many businesses live with problems because IT call-out charges can be excessive, but this service allows us to massively reduce our costs as there is no mileage requirement, and no extra time costs. Instead, I.T Remote enables us to log onto a persons system, anywhere in the world and fix the problem.
"We are so confidant about the service, we offer a FREE DEMO to fix a problem online and demonstrate how easy it is to use. We can solve a variety of issues relating to both software and hardware, and it takes around 60 seconds for us to make a secure connection via the Internet - doing it this way saves paying an I.T consultant to make an on-site visit."
cba invites you to call now 01482 881919 or email jclark@cba-partnership.com for a free demo to see how I.T Remote can help you and your business.
I.T. Remote is an online service provided by cba (accountants) Limited in Beverley. Scott Reading, I.T. Manager is a Microsoft Certified Systems Engineer.
The basic pricing structure per annum is as follows:
1-5 PC's |
£121 per PC |
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6-10 PC’s |
£110 per PC |
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10+ PC’s |
£By assessment |
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When compared to typical call-out charges up to £50 per hour (£350 per day) the savings are huge. The above prices are subject to a typical computer system - per PC, per annum with 1 server, subject to an online assessment performed by our I.T team.
09.05.2007: Where there’s a Will there’s a way
Professional Wills writers at cba are supporting The Society of Will Writers’ - National Will Awareness - Week from Monday 14th May. On Wednesday 16th May, Tracy Hutty, professional Will Writer, will be running a drop-in service to provide free advice on having a Will written.
Tracy says: “Surprisingly 67% of adults in the UK haven’t made a Will. Many people put it off because they don’t want to think about dying, however having a Will written isn’t as daunting as it may seem, infact it provides a feeling of relief to know that all your affairs are in order.
We are trying to raise awareness amongst young families to show the importance of having a Will, as this is the ONLY way to legally appoint a guardian for children. Also, in today’s housing climate, Inheritance Tax is no longer a tax for the rich, it actually affects many middle income households, a tax efficient Will can help to mitigate this problem.”
The drop in centre is at cba, 72 Lairgate Beverley from 9am til 8pm on Wednesday 16th May. If unable to attend and would like further information, please call 01482 881919 or visit our website www.cba-partnership.com
28.03.2007: From stroppy teen to budding accountant
Previously portrayed as an obstinate teenager on BBC Television - Amy Hedges joins the cba Partnership in Beverley to follow a career in accountancy.
Who would have guessed four years ago that a stereotypical adolescent would be studying for Association of Accounting Technicians (AAT). Having made some serious decisions about her future, Amy has ambitions to qualify as a certified accountant, and has joined the ranks at cba.
Chris Brown says: “When Amy joined us we had no idea that she had been on television, however, although barely recognisable she was spotted by another member of staff from her TV appearance four years ago. She was portrayed as a typical stubborn teenager on BBC’s ‘Who rules the roost’, which was about parents taking time off work to stay at home with their children full-time.”
“Amy certainly appears to have brushed off this image and is showing great promise, as she is very keen and dedicated. We are delighted to have her join us and feel sure that with the training and education that we provide, Amy will make an excellent accountant.”
Amy says: “I am busy studying for upcoming exams and getting involved with some of our clients. I have always been interested in finance and through school wanted to work in a professional accounts practice, I am pleased that my career is on the right track and I am looking forward to a positive future."
30.01.2007: Where there’s a Will, there’s a way!
Professional Will writers at cba Chartered Accountants in Beverley are working to raise awareness of the importance of having a Will written and kept up-to-date.
Each year thousands of people die in this country and most of them leave their families with all the problems of Intestacy, which means to die without a legally valid Will.
Tracy Hutty, cba Will writing partner says: “If you own a home or a business, have children or even support a charity, then having a Will applies to you. It isn’t the daunting prospect you might imagine, it actually gives most people a feeling of great relief to know that loved ones will inherit the money and possessions which were intended for them.
As local business owners and parents, Mike and Charlotte Maské from Beverley in East Yorkshire, both realise the importance of having a Will written now that they have two young children. Mike says: “We have been talking about it since we had our first son three and a half years ago, unfortunately it is one of things you just don’t get around to, but cba have made it really easy for us. They sent a list of considerations and then Tracy came to see us at home and explained it all to us including the Inheritance Tax side of things which is clearly very important in the current housing climate.”
Charlotte said: “I feel a great sense of relief to know that if anything happened to my husband and I, then our children would be taken care of financially and supported by the people we have chosen. The common mistake made is that people believe their estate will automatically be passed on to their loved ones. This is not always the case, as without a Will, the courts decide who gets what, which doesn’t always work fairly.”
Tracy adds: “It is just as important to keep a Will up-to-date, for example a couple that did not change their Will following a separation, might find that upon death the ‘Ex’ would inherit the estate and although this might be contested it would be a long process at a time when family should be able to grieve their loss.”
Having a Will written by a professional ensures that it is stored safely and kept up-to-date when circumstances change. As the saying goes - ‘Where there’s a Will there’s a way’, for further information, please call cba Wills & Probate on 01482 881919.
30.01.2007: Local businesses are failing to claim £Thousands in tax allowances on their property
Businesses in the region could be missing out on millions of pounds of tax allowances not being claimed on commercial property investments.
Beverley based Chartered Accountants, cba believe this is because Tax law relating to the allowances is complex.
Tracy Hutty, Tax Partner at cba says: “Many owners are either unaware of Capital Allowances or their Accountant can genuinely, believe that they have claimed everything available. The law relating to these allowances is complex and could be more reason for the lack of claims.”
Tony Riley, Suttonway Club says: “Many people might think this is too good to be true, which might be another reason for the funds going un-claimed. However, cba made the application for my business and one week after the claim was accepted by the Inland Revenue, I received a cheque.”
“I was completely unaware that I might be eligible for a claim, until cba’s Tax specialists offered to run a survey on my property. They completed the survey in a couple of hours, looking for items such as heating systems, air-conditioning units, carpets, fire doors, boilers etc. It is in these items where the hidden gold lies, and these everyday items have produced a claim for over £46,000 worth of Capital Allowances, creating a tax saving of over £10,000.”
Tracy adds: “Suttonway Club has relatively small premises, larger premises will be eligible for more tax-back simply because there will be more items to claim for.”
“This means of claiming capital tax allowances is not new, it is perhaps the way that cba undertake the project. Rather than following a paper trail we start the process with a survey of the property itself. The survey is completely free of charge unless we are successful in finding items which qualify for a refund.”
“It is not always realised the depth of detail that can be involved in calculating the full Capital Allowances claim. This element of Tax law is extremely complex and changes frequently, therefore local business people have nothing to lose by allowing a survey on their property to see if they too might be eligible for a tax-back payment.
This service is provided as an addition to the traditional services accountants might offer and there is no need to change accountant, as we will work with them.”
For further information on Capital Allowances, please call cba on 01482 881919 or email jclark@cba-partnership.com
01.12.2006: Celebrations as Tax partner qualifies as IFA
Celebrations are underway at cba, as Tracy Hutty, Tax partner completes her qualification to provide specialist financial advice to clients.
Over the last year Tracy has completed a number of exams and is now a registered Independent Financial Adviser (IFA). Specialising in Long Term Care and Lifetime Mortgages (Equity Release), completing her studies for IFA status proves to be an excellent addition to a repertoire which already includes Inheritance tax planning, Will writing and Probate services.
Steve Jenkinson, Head of cba financial services says: “Our clients are at a real advantage, not only can they rely on us for their accounting and taxation requirement, we also provide a holistic approach to their personal and business financial planning needs.
I am very proud of the team we have in Financial Services. Each member of our team has a specialist field and all can be brought together under one holistic wealth management service.”
Tracy says: "We are currently inviting both clients and non-clients to review their finance plans to ensure they remain on target to meet their lifetime financial planning goals.”