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

Category: Business

with you on the journey to a brighter future

Question Marks image

15 things you didn’t know an accountant could do

15 things you didn’t know an accountant could do When asked “What does an accountant do?” many people answer with accounts, tax or compliance work. While that’s true, what many don’t know, is that the good ones do so much more. The best accountants will become a part of your team; they will give you…
Read more

Pounds and Pence image

NI Increase / Social Care Levy

NI Increase / Social Care Levy The governement have announced that all rates of national insurance contributions and income tax on dividends will increase by 1.25 percentage points from 6 April 2022. This increase in rates will be rebranded as the ” health and social care levy” with effect from April 2023 and kept separate…
Read more

Jumping over a Container

Handling EU VAT on exports

Handling EU VAT on exports If you export goods and services to the European Union (EU), there are changes coming that will impact on how you account for VAT and duty in these EU member states. The One Stop Shop system, which was previously only available for digital services, will now be extended to include…
Read more

Understanding your working capital to maintain business success

Understanding your working capital to maintain business success If cashflow is the lifeblood of your business, then working capital is the health check you should regularly undertake to keep your business alive. Regularly checking working capital will play an essential part in maintaining business success during these times of greater economic insecurity. What is working…
Read more

Demystifying your Balance Sheet

Demystifying your Balance Sheet Do you understand the story your Balance Sheet tells about your business? It’s important you understand the components of your Balance Sheet and the key ratios that measure the health of your business. 1. It measures the net worth of your business.You Balance Sheet is made up of all of your…
Read more

As your Accountant am I a cost or an investment?

As your Accountant am I a cost or an investment? As accountants, I’m always helping my clients find ways to reduce their overhead costs – one of the seven ways to grow your business. Did you know that your accounting fees are an overhead cost? Should you be cutting this cost? Or do you view…
Read more

Getting ready for the extension of Making Tax Digital

Getting ready for the extension of Making Tax Digital **UPDATE – On 23rd September 2021 the government announced that they have decided to push back / postpone the introduction of Making Tax Digital (MTD) for Income Tax for one year, ie to April 2024. They did however confirm that from that date it will affect…
Read more

The value of cashflow forecasting during a crisis

The value of cashflow forecasting during a crisis Projecting your cashflow pipeline forwards during a crisis is vital. To be able to navigate the future path of your cashflow, you need to start forecasting – so you can map out your financial position over the coming months and can take the appropriate action to safeguard…
Read more

Do you feel like a slave to your business?

Do you feel like a slave to your business? Feeling like a slave to your business implies the loss of control; thinking that you need to be available to your customers 24/7 and that your team can’t cope without you. It can also imply a victim mentality – that this is just what it’s like…
Read more

Light Flash

10 ways to lift your profit margin

10 ways to lift your profit margin Improvements can always be made at the margin. Small tweaks to your processes or systems can make a massive difference to the end result. It’s the same with your business margin – a 1% increase in your gross margin on £500,000 of sales is an extra £5,000 on…
Read more