Accountancy for growth

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Utilising Trading Losses

It’s never good to make a trading loss but, in some years, circumstances may cause this situation to arise. If an individual or a partner in a trading partnership makes a trading loss there are a number of possible silver linings. The rules for how trading losses get relief work differently for Income Tax, Tax […]

Use your time wisely – make your internal business meetings matter

How do the internal meetings that happen within your business make you feel? Are you concerned that they seem to be ineffectual, unnecessary and only happen by habit? According to a 3M Meeting Network survey of managers, 25-50 percent of the time people spend in meetings is deemed as time wasted. Effective internal meetings result […]

Business Changes Afoot in April 2018

National Living Wage and National Minimum Wage rates to increase From 1 April 2018, the national living wage for employees aged 25 and over will increase to £7.83 per hour. The national minimum wage will increase to £7.38 per hour for workers aged 21-24, and to £5.90 an hour for workers aged 18-20. For workers […]

Relief for landlords with business mileage

Until 2013 a fixed rate deduction was available however, this concession was withdrawn and landlords were forced to claim the actual motoring expenses incurred together with an allowance for the capital depreciation of the vehicle. From 6th April 2017 unincorporated property businesses can claim a fixed rate for the mileage travelled on property letting business. […]

Salary Sacrifice Benefiting Employers and Employees

The cost of employing an individual includes both employers and employee’s national insurance contributions (NICs). Employers pay 13.8% on the salary paid and the employee pays 12% after an initial NIC free allowance. As employers now have a duty to make pension contributions for their employees it may be worth employees considering salary sacrifice to […]

What can Michael Jordan teach your business about the right mindset?

Creating a growth mindset in your business will enhance motivation and productivity. It has also proved to be successful in the worlds of education, and sport. Take Michael Jordan – he is the most successful Basketball player EVER! He helped his team The Chicago Bulls win the NBA championship 6 times and was the NBA […]

Value Based Pricing

A value-based pricing strategy is one which sets prices primarily, (but not exclusively), in line with the perceived or estimated value of a product or service to the customer rather than according to the cost of the product or historical prices. Value-based pricing is not about racing to the bottom along with your competitors. It’s […]

Job Vacancies at Balance Accountants

Would you like to become part of an exceptional team working within a modern, proactive and successful firm of Chartered Accountants? If that is you then now is your chance! Please see below details of our current job vacancies. Bookkeeper – Full time or Part time We are looking for an experienced bookkeeper who has extensive […]

How can camels help you become better at negotiating?

You know how important successful negotiation is to your business and that successful negotiation is a method by which people settle differences. Ideally this process will mean that all parties reach a compromise or agreement while avoiding argument and dispute. So why do so many of us find it hard to negotiate well? And why […]

How to be an Effective Manager

Not all managers are created equal. There are plenty of good managers and then there are great managers. Here are some key points on how to be a better manager: Mistakes are an opportunity to learn When a member of your team makes a mistake, use it as an opportunity to work with that person […]