Frequently Asked Questions

At Balance Points, we onboard you onto the latest cloud accounting systems. This helps in so many ways, including:

1. HMRC Compliant Regulations: Our cloud-based accounting helps our clients comply with tax obligations such as Self-Assessment, Corporation Tax, and VAT filing, particularly under Making Tax Digital rules requiring digital record keeping and VAT submissions.
2. Cash Flow Management: Provides real-time insights into payments, invoices, and expenses so that your business can maintain healthy cash flow and plan for upcoming tax bills or financial needs.
3. Simplifies VAT and Payroll Processing: Automates complex VAT calculations, supports digital VAT submissions, and streamlines payroll administration reducing errors and saving time.
4. Affordable and Scalable Solutions: Our cloud-based accounting platform offers a cost-effective option tailored for your needs and ready as a platform to grow with your business needs.
5. Audit and Investor Confidence: Accurate records and financial statements improve trust with HMRC, banks, and investors when applying for loans or investment.
6. Support for Grants and Funding: Clear financial records facilitated by our accounting system ease the process of applying for government grants, funding, or other expansion plans.

At Balance Points, we are highly trained professionals who helps manage taxes, keeps financial records accurate, and provides strategic business advice. Our expertise means you benefit from up-to-date compliance, tailored financial planning, risk mitigation, and credibility with investors and lenders. Engaging with us helps you avoid penalties, reduce financial risks, and free up time, allowing you to focus on running and growing your business. We also know your business and industry. We have come from the technology space and know the characteristics required to be successful. We will partner with you on that road, act as your Fractional CFO or trusted advisor as you balance all the functional areas required to succeed and develp.

At Balance Points, throughout our engagement we look to:

1. Identifying Allowable Deductions: At Balance Points, are experts at finding both common and lesser-known deductions, such as allowable business expenses, capital allowances, and pension contributions, that reduce taxable profits for businesses and individuals.
2. Optimising Business Structure: We advise on whether sole trader, partnership, or limited company status yields optimal tax outcomes, thus helping minimise liability through the right structure.
3. Capital Gains and Inheritance Tax Planning: Proactive planning helps reduce exposure to capital gains and inheritance taxes, including using reliefs and exemptions.
4. Timing of Income and Expenditure:  We will advise on when to make purchases, investments etc. to make use of available allowances and lower tax rates.

At Balance Points, the process begins with an initial consultation, followed by a comprehensive analysis of your financial situation and tailored recommendations.

That is just the start. 

With our experience we are here for every step of the way, assisting with difficult decision making, planning and structure so that you can balance your business aspirations. We are one click or phone call away!

At Balance Points, as we have outlined, Confidentiality is one of our core values. We do not discuss client information with anyone, including here. Our track record in business speaks for itself and our professional and financial background is valued by our confidential relationships, these have been built over many, many years. Get in touch and we'll explain more.