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...
Organisation reduces stress….. Organisation helps you sleep better….. Organisation increases productivity at work….. Organisation can improve relationships….. More than often the main causes of stress come from an ever growing to do list and money. Here...
Chancellor Rachel Reeves has delivered Labour’s first Budget since 2010, after the party’s return to power in July’s general election. This latest Budget introduces a series of changes that will have a substantial impact on small businesses. Here’s a look at some of...
Essential bookkeeping tips for small businesses As a small business owner in the UK, managing your finances effectively is essential to your success. While you may be passionate about your products or services, keeping your financial records in order can often feel...
Xero NEW Invoicing Did you know that the classic invoicing is retiring, and you will be prompted to use the new invoicing from 2nd September 2024. You will be able to temporarily switch back to the classic invoicing until 20th November but not after that. We know that...