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BH12 1PN, Poole, UK

Category: Accounting

your business, changing lives

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Financial Management Challenges in the Care Sector and Solutions

If you run a business in the care arena, something like a foster care agency, child nursery, alternative education provision, care home you are faced with some unique business challenges. Having someone in your corner who shares your passion rather than someone who just prepares figures after the event can be a real godsend. So…
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You’re a business in the care arena – Why you need a specialist accountant in your corner

Your a business in the care sector, perhaps you run a foster care agency, child nursery, care home or any other business in the care sector. Why is it important to have an accountant who understands your sector in your corner ? Here at Balloon Accounting I specialise in helping businesses just like yours. I’m…
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Andrew Downs

Why I can’t work with everyone

As a sole accountant specialising in the care industry, businesses such as child nurseries, foster care agencies and foster carers, care homes, alternative education provision, health and wellbeing etc, my capacity to take on new clients is naturally limited, especially when your business may be in a sector outside of these. My commitment to delivering…
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Unleashing Your Passion for Care in Your Business: Amplifying the Impact Together

Being a business that helps others, whether that’s a Foster Care Agency, Child Nursery, Care Home, alternative education, you know it takes more than just numbers and management skills to thrive. It’s about having a real passion for making a positive impact on people’s lives and as someone who has been a foster carer and…
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Jigsaw Puzzle

The Benefits of Regular Financial Reconciliation for Small Businesses

As a small business owner, you’re likely already aware of the importance of keeping your finances in order. Financial management goes deeper than paying your bills on time and collecting on invoices (although those are also important). It involves regularly checking up on your financial situation to make sure your accounts are in order, your…
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5 Common Bookkeeping Pitfalls — and How to Avoid Them

Although most entrepreneurs recognise the importance of careful financial management, few want to spend their time dealing with numbers. Unfortunately, not keeping a close eye on your income and expenses can be very costly for a business. Here are five of the most common bookkeeping pitfalls, and some simple tips for getting back on track.…
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Now, Where, How ?

Now’s a great time to make a plan for the next 12 months. First, establish where you are NOW. Then, determine WHERE you want to be. Finally, work out HOW you’ll get there. For any sort of planning, whether it’s your Strategic Plan, Business Plan, or Personal Development Plan, you must first know your starting…
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The new VAT Penalty Regime – January 2023

HMRC are introducing a new penalty regime with effect from 1st January 2023. Under the new regime, there will be separate penalties for late VAT returns and late payment of VAT as well as a new methodology to the way interest is charged. This will replace the default surcharge regime and for most taxpayers should…
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Business tips for the end of the year

The end of the year tends to be a bit chaotic for business owners, but it’s actually a good time to get some extra housekeeping done for your business. Read on for some tips to help you finish the year neatly and feel prepared to face the new year. Review your goals and KPIs A…
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Strengthening your balance sheet

Your balance sheet (now more correctly called a Statement of Financial Position) reveals a great deal about your business, including the total value of your assets – the things you own; how much you owe to others – your liabilities; and the level of your solvency. These three aspects will be studied carefully by lenders…
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