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

Category: Accounting

your business, changing lives

An AI image celebrating neurodiversity week

Neurodiversity Celebration Week – 17th to 23rd March

​Next week, from March 17th to 23rd, I join a global movement to celebrate —a time dedicated to recognising and embracing the unique strengths and perspectives of neurodivergent individuals. ​ What is Neurodiversity? Neurodiversity refers to the natural variations in human brain function, encompassing conditions such as autism, ADHD, dyslexia, dyspraxia, and more. This concept…
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How to Prepare for MTD for IT: A Simple Guide for the Self-Employed

If you’re self-employed and earning over £50,000 (from 2026) or £30,000 (from 2027), you’ll soon need to follow the new Making Tax Digital for Income Tax (MTD for IT) rules. That means quarterly income and expense reporting, digital record-keeping, and using HMRC-approved software. Sounds complicated? It doesn’t have to be. Here’s a straightforward guide to…
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Making Tax Digital for IT: What Self-Employed Business Owners Need to Know

If you’re self-employed, you’ve probably heard about Making Tax Digital for Income Tax (MTD for IT). But what does it actually mean for you? More importantly, does it even apply to you? There’s a lot of confusion around MTD, so let’s break it down in simple terms. Who Does MTD for IT Affect? 👉 It…
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Is Compliance dead ? Why My Clients Just Want the Basics—and Why That’s Perfectly Okay

Over the years, as an accountant specialising in the care sector, I’ve often pondered the broader business advice landscape. There’s a lot of buzz in the accounting world about providing more than just compliance work—offering business growth services, strategic advice, and being that all-encompassing advisor that helps clients not just survive but thrive. But here’s…
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Trees with snow

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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