New measures including the reduced rate of VAT were recently announced by the Chancellor but there is some confusion as to how they works and what items are actually covered. We therefore have put together a summary of the main points which hopefully you will find useful. As always please give us a call if […]

Your brand is more than just a logo and an eye-catching colour scheme. Your brand is all about the core values of your firm. Today’s marketplace is crowded and customers are more resistant to advertising and typical promotional activity. Customers are becoming more discerning and they are turning to brands that share their core values. […]

Chancellor Rishi Sunak has slashed VAT on hospitality and tourism from 20 per cent to 5 per cent for six months, as the government seeks to revive the UK economy after months of lockdown. In an unprecedented announcement in the Commons today, Sunak vowed to cut the VAT rate from next Wednesday until 12 January […]

The Chancellor of the Exchequer has revealed a £9bn bonus scheme which will reward employers who bring back furloughed employees when the government’s coronavirus job retention scheme ends. In his summer statement delivered today (July 8) Rishi Sunak announced a new job retention policy which would see a £1,000 bonus paid to companies for each […]

Here are some more of our thoughts regarding post lockdown business recovery: How Cash Flow Forecasts Can Help You Managing cash flow is a vital part of running a successful business. Some business owners think that managing cash flow simply means keeping track of how much money enters and leaves their business but there is […]

You probably didn’t factor a global pandemic and national lockdown into your business plan! So now is definitely a good time to revisit your business plan for the next year (If you made a plan in the first place??) What is a business plan? Your business plan is a management tool, designed to suit the […]

The VAT payment deferral period ends on 30 June 2020. This means you’ll need to: set-up cancelled direct debits in enough time for HMRC to take payment submit VAT returns as normal, and on time pay the VAT in full on payments due after 30 June Any VAT payments you have deferred between 20 March […]

Over the last few months all focus has been on surviving the lockdown. However, as the government eases the restrictions, businesses can start to wind back up again but it will not be easy to get your business back to where it was pre-lockdown. Here at Balance we are putting together a strategy to take […]

This has been undoubtedly been very difficult and dark time for individuals, families and businesses both from a health and economic perspective. Please take a look at our PayLessTax Newsletter by clicking here, as this Covid-19 Spring edition strives to tackle some of the tax issues and cash flow fears which have reared their ugly […]

As part of changes to the Coronavirus Job Retention Scheme (CJRS), we’ve outlined below important dates that may impact you in the coming weeks. Important dates – what you need to know now The scheme will close to anyone who hasn’t been furloughed for 3 weeks by 30 June, so you will only be able […]