0330 133 1643
contact@balloonaccounting.co.uk
BH7 7BG, Bournemouth, UK

Category: Business

with you on the journey to a brighter future

Summer Picture

Government Summer Statement – Further Coronavirus help for business and individuals

Government Summer Statement – Further Coronavirus help for business and individuals On 8th July the Chancellow announced some further help for businesses and individuals. Here is a summary. Job Retention Bonus The government will pay a one-off £1000 payment to employers for every furloughed employee retained to the end of January 2021 This is conditional…
Read more

Stack of pencils

Seven important things to know about the new flexible furlough rules

1. Who can I place on flexible furlough? From 1 July 2020 only employees that you as an employer have claimed for previously will be eligible for more grants under the Job Retention Scheme. This means they must have previously been furloughed for at least three consecutive weeks taking place any time between 1 March…
Read more

pen looking at a graph

Why are trends so important ?

Annual Accounts are just a jumble of numbers on a page that most business owners don’t understand. But in the right hands and with the right understanding those very same numbers can tell you so much about your business. Let’s start with trends as they can reveal which way a business is heading. Using the…
Read more

Clothing and glasses

A beginners guide to business expenses

Business Expenses – A few basic rules Over the years I have seen some amazing claims for what taxpayers believe should be an allowable expense against their profits. From make-up to pet food for the guard dog. With this in mind I thought it worthwhile just going back to a few basic rules. The “Wholly…
Read more

Outside the box

Why the way most accountants charge is just unfair

What would you say if a restaurant asked you to pay more for a well-done steak than a rare one? You wouldn’t be happy being asked to pay more in a restaurant for a well done steak because it takes the chef longer to cook than a rare one, would you? And you wouldn’t be…
Read more

Meal on a plate

Can I claim for Entertaining clients and staff ?

Entertaining Clients and Staff Can we deduct entertaining expenses? The tax rules on the deductibility of entertaining expenses are harsh and often misunderstood – the fact that the expenditure is incurred for businesses purposes does not make it deductible. Subject to certain limited exceptions, no deduction is allowed for business entertaining and gifts in calculating…
Read more

Scroll Up