Help! My Customer Hasn’t Paid My Invoice: How to Handle Unpaid Invoices Like a Pro
Nobody likes to deal with unpaid invoices, but it’s an unfortunate reality many small business owners and freelancers face. Not only can it disrupt your cash flow, but it can also lead to significant stress and wasted time.
7 Self Assessment Expenses You Didn’t Know You Could Claim!
One of the easiest ways to slash your self-employed tax bill is to claim all your allowable business expenses. But often, business owners miss out on some easy tax savings, for fear of making a mistake, along with not keeping accurate and detailed records. Running your own business can be tough and accounting is often…
5 ways bookkeeping can help your small business grow
Bookkeeping can play a vital role in the success of your business. Here are five ways bookkeeping can help your small business grow.
How good bookkeeping can make you money
Good Bookkeeping keeps you in control of your business numbers and able to spot opportunities to make more money.
Should I pay myself salary or dividends?
This is one of the most asked questions by Limited Company Directors. As a Director working through your own limited company, you will have the option to decide when and how to extract funds from your limited company. There are a few different options available to you, two of which are to pay yourself a…
Changes to UK Company Law: What You Need to Know
March 4, 2024, marks a pivotal moment for UK company law. The Economic Crime and Corporate Transparency Act, signed into law in October 2023, is ushering in a series of significant changes. As Companies House prepares to roll out these updates, it’s essential for everyone involved to grasp the impact and prepare for the adjustments…
Helping Entrepreneurs Master Finance for Growth
At We Balance Bookkeeping we are driven by our love for entrepreneurs and the spirit of entrepreneurship. We understand the passion that fuels your business aspirations and the intricate balance of dreaming big while managing the complexities of financial realities. Financial management can often seem daunting, especially if numbers aren’t your forte. But fear not,…
The Power of the Year-End Review
Introduction As we approach the end of another incredible year, it’s time to reflect, celebrate achievements, and set out our plans for the future. At We Balance Bookkeeping, we’re proud of the work we do with our clients and are constantly striving to improve. Whether you’re a creative entrepreneur, a passionate freelancer or a proud…
Don’t Wait! Take Action and Get Your Tax Return Sorted Now!
I get it. The mere mention of taxes can send shivers down your spine. The paperwork, the calculations, the endless forms—it’s enough to make even the most organised person cringe. But what if I told you that now is the best time to take action and get that dreaded tax return sorted, well before the…
Why Milton Keynes is a great place to start a business
Milton Keynes has a comical reputation, being renowned for its roundabouts and concrete cows! But dig beneath the surface and you realise this new city is a hidden gem, bursting with opportunities for entrepreneurs wanting to start a business. I should know, We Balance Bookkeeping is based here in Milton Keynes. I have the privilege…
How To Take Money Out Of A Limited Company
Running a Limited Company isn’t the same as being a sole trader. You and the company are different entities and, as such, there are strict rules around how you can extract money from your Limited Company. Many contractors and freelancers choose to become directors of their own limited company as it can be more tax…
Checklist for New Limited Companies
The administrative requirements of running a limited company are more complex and stringent than sole trader obligations. It’s important to be aware of your legal responsibilities as a company director and the various reporting and filing deadlines you have to meet throughout the year. This checklist provides an overview of what you need to know. …
A Guide To Dividends
Making up your income with both salaried earnings and dividends declared from your company’s profits, can be a great way to optimise your tax efficiency. If you want to know more about how dividends work, then this simple guide should help you to understand your options. What are dividends? Dividends are a distribution of a…
Work in the Construction Industry?
Here’s everything you need to know, including reclaiming overpaid tax. Over the course of the year, the Tax deductions can add up and the Tax overpayments can go into the thousands. I can help you complete your CIS tax return and maximise your tax rebate. What is CIS? CIS (Construction Industry Scheme) is a special…
Furnished Holiday Let – A Tax Guide
You’ve bought your own holiday home, luck you! You now get the benefit of having a bolt hole by the sea, where you and your family can relax during the holidays, as well as the financial rewards of renting the space out to strangers when you’re not using it. Air BnB has opened up a…
