Cloud Accounting

Eligible businesses with a taxable turnover over the VAT threshold of £85,000 had to register for Making Tax Digital to submit their VAT returns from 1 April 2019. Businesses initially affected by this new initiative include sole traders, partnerships, LLPs, landlords and charities. The start date for some businesses has been deferred to 1 October 2019,… Read more

In the second part of the series we show you how you can test your new business idea before you put it into action. Testing business ideas To help organise your earliest thoughts, think about starting a business from three angles. 1. Customers – Who are they? How will you reach them? Why will they… Read more

How do you come up with a small business idea and how do you decide if it’s any good? Can you do your own research? When will you need to get professionals involved? Here’s how to put your business idea into action. Where do good business ideas come from? Not many businesses start with a… Read more

The Secret to Starting a Business Starting a new business is a big job, but don’t let that put you off. Thousands of people do it every day. Here is some great advice brought to you by Xero Cloud Accounting. Starting your own business is a process not an event People talk about ‘taking the… Read more

With Making Tax Digital for VAT around the corner we have decided to demystify some of the most common misconceptions surrounding MTD in our myth-buster infographic below.

Preparing for Making Tax Digital Businesses who are preparing for Making Tax Digital will be ahead of the game from April 2019 when the changes are introduced by HMRC. Making Tax Digital aims to digitise the UK tax system, requiring businesses and relevant individuals to submit quarterly accounting records and tax returns. These records and… Read more

Making Tax Digital (MTD) is an HMRC initiative that requires VAT-registered businesses above the £85k threshold to keep digital records and submit VAT returns using compatible software such as Xero. If that’s your business, you’ll need to be compliant from 1 April 2019. Xero online accounting software is perfectly positioned to help your business get… Read more

HMRC’s Making Tax Digital switchover – the biggest change to VAT in decades – is on its way and with only a couple of months to go until the 1st April 2019 deadline, it’s essential that every business is fully prepared. What does MTD mean for me? From 1 April 2019, all VAT-registered businesses with… Read more

We are delighted to announce that we are now a Chaser certified Partner, which means that we can help you to reduce your collections costs, while simultaneously increasing your cashflow. What is Chaser? Chaser is an app that connects directly with Xero to automate chasing your customers unpaid invoices via email. It also collects useful statistics… Read more

The following sets out the key information surrounding the introduction of HMRC‘s Making Tax Digital (MTD) Plan. What is MTD? This is HMRC’s plan to digitise the tax system; it will be the biggest change in UK tax for over 20 years. What is HMRC’s aim?      To digitise tax administration in the UK so it… Read more