Running a business is exciting — but let’s be honest, it’s not always easy. It’s not just about selling great products or delivering amazing services; it’s also about making sure the numbers add up. That’s where financial planning comes in. Think of it as the backbone...
At Perfect Balance, community and sustainability are values we hold close to our hearts and this July, we were proud to roll up our sleeves and take part in the annual Beach Clean at Hayling Island, organised by the fantastic team at CMP (Community Matters...
At Perfect Balance, we are always looking for tools that help our clients run smoother, smarter businesses and this one is a game changer. Say hello to JAX, the new virtual assistant now available in Xero. Whether you are a sole trader, growing your business, or busy...
Should you be doing your own bookkeeping? Let’s be honest… There are pros and cons to handling your own books. Sure, doing it yourself might save you some money, but here’s the truth: Is it really worth it? If bookkeeping starts eating into the time you should...
From 8 April 2025, identity verification is a legal requirement for directors and those involved with companies in the UK. The goal? To deter fraudulent activity and ensure transparency. At Perfect Balance, we’re here to guide you through this change quickly, securely...
How do you accept payment from your customers? Being able to accept a variety of methods of payments can be the difference of a sale or a walk-out for your business. In today’s fast-paced retail environment, it is essential to meet and exceed your customers'...
The government has confirmed in the Spring Budget 2025 that Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is going ahead. No more speculation, it’s happening! Here’s the big news: From July 2029 at the latest, sole traders and landlords earning over...
The UK construction industry is one of the most significant contributors to the nation’s economy, employing millions of workers across various trades. Many of these workers operate as sole traders, enjoying the flexibility and independence that self-employment offers....
Managing cash flow is essential for the health and sustainability of any small business. One of the most effective ways to ensure a steady cash flow is by applying strong credit control practices. At Perfect Balance, we believe that helping clients stay on top of...