Bookkeeping & Accounting Services - Bookkeeping Services For Your Business

Cloud Bookkeeping
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Credit Control
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VAT, Profit & Loss, Sales & Purchase Ledger
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Helping Hand for New Business
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Bookkeeping Bundles

Cloud Bookkeeping

Correct Balance LLP offers cloud bookkeeping to help you run your business faster, smarter, and more productively.

Cloud bookkeeping offers six key advantages that improve your cash flow and boost your productivity.

Helping New Businesses

Launching a new business is challenging. Your very survival depends on hiring the proper support; ensuring that you are prepared to address any hurdles, obstacles, or surprise occurrences that can adversely effect your business.

Our Knowledge Is Your Safety Net

VAT, Profit & Loss, Sales & Purchase Ledger

We can step in and work with whatever type of system you are currently using regardless of whether it is manual or computerised.
Our goal is to tailor our service to your exact needs, preferences and budget, while providing the expert knowledge required to help your business succeed.

Business Expenses HMRC Allows

Business Expenses HMRC Allows to Claim! I have decided to post this small guide because of constant questions I was getting from small business owners in regards to business expenses HMRC allows to claim on self-assessment. This guide is more of a rule of a thumb rather than a comprehensive tutorial. If you […]

CorrectBalanceDecember 16, 2018Bookkeeping, Uncategorizedallowed expenses, business expenses, self-employed expenses, tax-deductible expenses

How to Record CIS Deductions in Xero

How to record CIS deductions in Xero? This is a short tutorial on how to correctly record CIS Deductions in Xero cloud accounting package. This method can be easily replicated to other accounting packages. What is CIS Deduction? CIS short for Construction Industry Scheme is a type of taxation introduced by HMRC to the construction […]

CorrectBalanceMay 14, 2017CIS

Bookkeeping Applications

Bookkeeping Applications Almost everyone is familiar with different types of applications used on the phone, tablets and computers. With the advent of online accounting, numerous bookkeeping applications have been created to help improve accuracy and speed of processing receipts and bills. The most common applications helping in bookkeeping tasks are Receipt Bank, Entryless and Shoeboxed […]

CorrectBalanceDecember 9, 2016Bookkeeping

Information every correct invoice should display.

CorrectBalanceMay 22, 2016Bookkeep IngInfographics

Your tax in retirement.

Work may stop in retirement – for some people, at least – but your tax in retirement does not. If your income totals more than your personal allowance, you may still be liable to tax. Occupational pension benefits from an employer are generally paid with tax deducted at source, but other income – from private […]

CorrectBalanceMay 15, 2016Self Assessment Tips

Tax relief for investors.

The Government wants people to save and invest more for the future, so it offers generous tax incentives to encourage people to do so Several parts of the tax return deal with the income and profits you have earned on savings and investments – interest payments on bank and building society accounts, for example, and […]

CorrectBalanceMay 10, 2016Self Assessment Tips

10 Ways to reduce the tax you pay

EVERYONE MUST PAY TAX, BUT DON’T PAY MORE THAN NECESSARY – THERE ARE MANY WAYS TO REDUCE YOUR BILL, AND YOUR RETURN IS THE PLACE TO CLAIM LOTS OF THESE SAVINGS Arranging your finances in the most tax-efficient way possible will mean your total tax bill is as low as possible. There are all sorts […]

CorrectBalanceMay 6, 2016Self Assessment Tips

Self – Assessment Tax Return – Easy Guide, Part 7

Putting mistakes right MISTAKES ON SELF-ASSESSMENT TAX RETURNS ARE RELATIVELY COMMON – THE KEY TO AVOIDING PENALTIES FOLLOWING SUCH ERRORS IS TO CORRECT THEM AS SOON AS YOU CAN If you make an error, miss something off your tax return or think you have paid the wrong amount of tax, you can sort it out. […]

CorrectBalanceMay 1, 2016Self-Assessment Tax Return Guide

Self – Assessment Tax Return – Easy Guide, Part 6

How to complete the paper form AS MANY AS EIGHT IN 10 TAXPAYERS NOW FILE THEIR SELF-ASSESSMENT TAX RETURNS ONLINE, BUT IF YOU PREFER TO SUBMIT A PAPER FORM, YOU ARE ENTITLED TO DO SO The paper version of the self-assessment tax return is a six-page form, but many taxpayers are then also required to […]

CorrectBalanceApril 25, 2016Self-Assessment Tax Return Guide

Self – Assessment Tax Return – Easy Guide, Part 5

Online tax returns: declaring your income and claiming reliefs. THIS IS THE MOST CRUCIAL PART OF YOUR TAX RETURN: THESE ARE THE PAGES WHERE YOU SUPPLY THE DETAILS NECESSARY TO WORK OUT WHETHER YOU OWE TAX – AND HOW MUCH In Section 4 of the online form, you’ll be asked to ‘fill in your return’. […]

CorrectBalanceApril 20, 2016Self-Assessment Tax Return Guide

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