Balance & Thrive Bookkeeping Ltd

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Established Inverness based bookkeeping and business support service, helping small businesses and accountants stay compliant, organised and MTD-ready in the new digital era. BALANCE & THRIVE BOOKKEEPING LTD | Registered office address: 4 Castlebay Gardens, Inverness, United Kingdom, IV3 8GF | Company number: SC842238

We are an ICO registered company - complying with the Data Protection Act and GDPR ready.

£12,570 - It’s been the magic number for a while now.The Personal Allowance is currently £12,570, and unlike many other ...
03/09/2026

£12,570 - It’s been the magic number for a while now.

The Personal Allowance is currently £12,570, and unlike many other things, it hasn’t been increasing with inflation as the government has extended the freeze on this until April 2031.

Normally the allowance would be reviewed and potentially increased over time. Keeping it frozen means that as wages and incomes rise, more people can gradually find themselves paying tax, even if their purchasing power hasn’t increased by the same amount.

It’s one of those changes that’s easy to overlook, but it can have a real impact on your tax bill.

So while April 2031 might feel a very long way away, it’s worth understanding how frozen tax thresholds can affect your finances over time. Because sometimes it’s not about your tax rate going up. It’s about the thresholds not moving.

Still keeping your business records in a spreadsheet?No judgement from us, but HMRC might think differently…If Making Ta...
01/09/2026

Still keeping your business records in a spreadsheet?

No judgement from us, but HMRC might think differently…

If Making Tax Digital is going to affect you, it’s time to start thinking about what comes next.

From this April 2026, many sole traders and landlords with qualifying income over £50,000 need to follow the new MTD for Income Tax rules and use compatible software to keep digital records.

Choosing the right software and getting comfortable with it now could save a lot of stress later. Because nobody wants to be learning a whole new system while trying to meet an HMRC deadline!!

Back to school, back to business?Well, if you’re a parent or carer running your own business, we’re not sure either ever...
26/08/2026

Back to school, back to business?

Well, if you’re a parent or carer running your own business, we’re not sure either ever really stopped over the summer.

Between childcare, holidays, work and trying to remember what day of the week it is, keeping a business running doesn’t exactly come with a summer break.

But now the kids are back, it’s a good time to get those business routines back into place too.

A little time blocked out for bookkeeping, checking your finances, sending invoices and keeping on top of the admin can make a big difference.

Because “I’ll get round to it later” has a habit of turning into “How is it September already?”…

Paying the minimum wage isn’t always as simple as checking the hourly rate.If you’re an employer, there are a few more t...
24/08/2026

Paying the minimum wage isn’t always as simple as checking the hourly rate.

If you’re an employer, there are a few more things to consider when it comes to National Minimum Wage compliance.

Working time, deductions, pay reference periods and even how someone is classified as a worker can all affect whether you’re paying the correct amount.

HMRC has released a useful webinar covering the basics of National Minimum Wage, including some of the common mistakes that can lead to underpayments.

It’s particularly useful if you’re employing someone for the first time or growing your team.

Because when it comes to payroll, getting it right from the start is always easier than sorting it out later.

Cairngorms wildfire support for local businessesA quick heads-up for businesses affected by the recent Cairngorms wildfi...
20/08/2026

Cairngorms wildfire support for local businesses

A quick heads-up for businesses affected by the recent Cairngorms wildfire.

A £3 million Cairngorms Fire Recovery Fund has been announced to support eligible businesses that have lost more than 20% of their income as a result of the fire.

Depending on where your business is located, support of up to 75% of lost income may be available.

If your business has been affected, it’s worth looking into what support you may be entitled to.

The application deadline is 25 September 2026 - https://self.highland.gov.uk/service/Cairngorm_fire_recovery_fund

We know how important local businesses are to our communities, so we’re sharing this in case it helps someone who needs it.

HMRC is stepping up enforcement against suspected tax fraud among high-street businesses, with more interventions planne...
18/08/2026

HMRC is stepping up enforcement against suspected tax fraud among high-street businesses, with more interventions planned and an improved service for reporting suspected tax fraud.

Now, we’re not suggesting every business owner needs to start looking over their shoulder…

But it is a good reminder that bookkeeping isn’t something to scramble around with when the tax return deadline comes along.

Keeping accurate records, declaring income correctly and making sure your VAT, payroll and tax obligations are being dealt with properly throughout the year all matter.

Good bookkeeping isn’t just about knowing what you’ve made and spent. It’s about being able to show that you’ve got it right. And if HMRC ever comes knocking, you’ll be very glad you did.

Did you know? You could be missing out on pension tax relief.If you’re a higher or additional rate taxpayer and you make...
03/08/2026

Did you know? You could be missing out on pension tax relief.

If you’re a higher or additional rate taxpayer and you make personal pension contributions, you may be entitled to more tax relief than is automatically added to your pension.

Many pension providers claim basic rate tax relief on your behalf, but any additional relief you’re entitled to may need to be claimed from HMRC.

It’s one of those things that’s easy to overlook, and many people don’t realise they’re eligible.

If you’re not sure whether you’ve claimed everything you’re entitled to, it’s worth checking. You may even be able to claim for previous tax years, depending on your circumstances.

As always, if you’re unsure, speak to your bookkeeper, accountant or financial adviser.

Paying the correct National Minimum Wage or National Living Wage is one of the most important responsibilities an employ...
29/07/2026

Paying the correct National Minimum Wage or National Living Wage is one of the most important responsibilities an employer has.

It’s not just about hourly rates either. Things like unpaid working time, deductions for uniforms, salary sacrifice arrangements and even some travel time can all affect whether an employee is being paid correctly.

Getting it wrong can lead to penalties, back payments and unnecessary stress.

If you’re an employer, it’s worth taking a few minutes to make sure your payroll is up to date and you’re meeting your obligations.

Sometimes a quick review now can prevent a much bigger headache later.

Your business bank account isn’t a personal piggy bank…We know it’s tempting. You’re out picking up shopping, paying for...
27/07/2026

Your business bank account isn’t a personal piggy bank…

We know it’s tempting. You’re out picking up shopping, paying for fuel or grabbing a coffee, and it seems easier to use whichever card is closest.

But mixing personal and business spending can make bookkeeping much more complicated than it needs to be.

Keeping the two separate means:
• Cleaner records
• Less time sorting transactions
• Fewer questions at year end
• A much happier bookkeeper

It’s a small habit that can make a big difference.

It might be all sunshine and BBQs just now…well maybe not with the weather turning…BUT before we know it, it’ll be Janua...
22/07/2026

It might be all sunshine and BBQs just now…well maybe not with the weather turning…

BUT before we know it, it’ll be January and everyone will be wondering where the time went.

The Self Assessment deadline of 31 January has a habit of creeping up when you least expect it.

If you know you’ll need to submit a tax return, getting organised now can save a lot of stress later. Keeping your records up to date throughout the year makes the whole process much smoother.

Your January 2027 self will thank you.

Address

Inverness

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Thursday 9am - 5pm

Telephone

+441463418648

Website

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