Accounting made easy!
Practical, friendly insights on bookkeeping and accountancy — for small businesses, freelancers and curious minds alike.
Balance your books
Regular tips to stay on top of your bookkeeping and accounting right to your inbox.
Unsubscribe at any time. Read my Privacy Policy here.
-
Payments on Account
Payments on account are advance payments towards your tax bill each year. When do you not have to make payments on account? When are the payments on account due? These payments are made twice a year, on 31 January and 31 July.This means that on 31 January you will need to pay your first payment…
-
How to Pay Your Payment on Account?
Not sure of How to Pay Your Payment on Account, then you have come to the right place. If you need a brush up on what payments on account are, feel free to take a quick look here first. When paying your payment on account tax liability you will need to use your unique taxpayer…
-
What Are Payments on Account?
Payments on account are advance payments towards your tax bill each year. When do you not have to make payments on account? When are the payments on account due? These payments are made twice a year, on 31 January and 31 July.This means that on 31 January you will need to pay your first payment…
-
How Will Making Tax Digital (MTD) for Income Tax Affect You?
Making Tax Digital (MTD) is coming to you soon………… 6 April 2024 to be exact. Honestly 2022 is flying by, so 2024 will be here before we know it! Making Tax Digital is part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top…
-
Use of Home – How the Self Employed Can Claim This as an Allowable Business Expense
Hi! As working from home has become more of a permanent fixture in most of our work lives I thought I would include a summary of the ways you can claim working from home expenses. If you are self-employed there are two ways HMRC will allow you to claim use of home as an allowable…
-
Working From Home as a Director?
Hi! As a director of a limited company, it is likely that you are working on and running your business from your home, either on a regular basis or every now and then. So what expenses can you claim? As a director of a limited company, there are three options available to you. 1. Flat…
-
The 4 Different VAT Schemes That You Need To Know
Hi! It has taken me longer than I expected to get this blog post up. I have been super busy with work and studying, but thankfully the end is in sight. To keep the ball rolling from my last blog post explaining When to Register for VAT, I thought I would shed some light on…
-
When To Register for VAT
Value Added Tax (VAT) is an indirect tax charged on goods and services which is collected by businesses on behalf of HMRC. When you need to register for VAT: These two points fall into the compulsory VAT registration category, which means that you have to register for VAT. There may be times where your company…
-
5 Ways To Be Your Accountant’s Favourite Client
A good thing to remember when using the services of an accountant or bookkeeper is that you get out what you put in. Here are my 5 ways to be your accountant’s favourite client, and get into their good books. 1. Use the software we recommend We recommend the software because we know it will…
About Me
Welcome to The Balanced Blog! Hi!
My name is Kim (Kimmy) and I am excited to share all things accountancy and bookkeeping on my blog.
So… about me.. well firstly I don’t really like talking about myself, but if 2020 has taught me anything, it is a year of breaking out of comfort zones, so here goes.
I love debit and credits. So basically, my year is made when a set of accounts balance! A true member of the calculator crew, but it makes me so happy!
I spend most of my time studying and working, but when I am not sitting at my desk, I love spending time outdoors with my husband, Darryn (who I have known since I was 3 years old, which is too long if you ask him) or curling up with a good book, a cup of tea and my favourite chocolate (or two)!
I’d like this blog to be an area where people can find useful and understandable information that makes bookkeeping and accountancy just a little less boring and little more fun.
Follow along on my journey as I navigate the world of balancing the books.
Love,
Kimmy