The government has officially confirmed in the Autumn Budget 2024 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...
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...
Tax Return Information and TipsTime flies, doesn’t it? I know it’s a cliché, but it really is true. This time of year, seems to arrive before we know it, and suddenly, your to-do list feels endless. Amid all the chaos, don’t forget about one crucial task: your...
Is it better to work with a bookkeeper or do it yourself? Let’s be honest! There are pros and cons to both scenarios. You can definitely do your own bookkeeping and potentially save money. But and it is a big BUT! If doing your own bookkeeping takes valuable...
Do you find yourself hesitating to take risks or pursue new opportunities because you’re afraid of failing? You’re not alone! The fear of failure is a common barrier that holds many people back and understandably so. According to the Office for National Statistics,...