01202 022992
contact@balloonaccounting.co.uk
BH12 1PN, Poole, UK

Month: May 2021

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Limited Company Records

May 25, 2021

Limited Company Records If you trade as a Limited company you are required to keep a whole host of company and accounting records. These include details of directors, shareholders, company secretaries and the results of any shareholder votes and resolutions. Failure to do this could land you in deep water with the authorities and in many cases…
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Expenses for Sole Traders

May 19, 2021

Self Employed Expenses What are allowable expenses? Essentially expenses are costs that you’re able to deduct from income to calculate your taxable profits. For example, if you earn £40,000 in a year and can offset £10,000 in expenses during the same period you will pay tax on £30,000. This would be your taxable profit. Allowable…
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