(additioAs a business owner, managing finances can be a time-consuming and complex task. But with the help of modern accounting software, it doesn't have to be. Xero is a cloud-based accounting platform that provides businesses with the tools and resources they need...
Learn about the benefits of Payroll Giving Month and how you can get involved as an employer or employee. Make a positive impact on your community with a simple and tax-effective donation.
VAT, or value-added tax, is a tax imposed on most goods and services in the UK. As a business owner, it's important to understand how to pay your VAT bill accurately and on time to avoid penalties and interest charges. Here's a step-by-step guide on how to pay your...
As a business owner, you have a legal obligation to operate a payroll and PAYE (Pay As You Earn) scheme for your employees. This involves paying your employees’ salaries, deductions, and contributions to the government. To help you get started, we have put together...
As a business owner, it's important to keep track of your financials and ensure that you are following all of the necessary regulations. One of these regulations is VAT, or Value Added Tax. If your business turnover has exceeded the VAT threshold of £85,000 during the...
As an accountancy practice, we understand the importance of providing our clients with efficient and streamlined services. That's why we are proud to offer Approval Max as a solution for small to medium-sized businesses and charities. When integrated with Xero,...
Connecting your SumUp POS system to Xero can be a game-changer for businesses in the retail and hospitality sector. The integration of these two platforms enables seamless transfer of data, reducing the time and effort needed to manage your books. With real-time...
Starting a side business based on a hobby can be an exciting opportunity to turn your passion into a profitable venture. But along with the thrill of entrepreneurship, you must also consider the financial and tax implications. Good news though, the UK government has...
The terms bookkeeper and accountant are often used interchangeably, but despite their similarities, these roles serve different purposes. In this article, we will take a look at the key differences between bookkeepers and accountants and what services they can offer...
Employing staff for the first time is a crucial milestone for any business, as it opens up new opportunities for growth and expansion. However, it is also a process that requires careful preparation and attention to detail, as there are several steps that need to be...
Capital allowances are tax reliefs that allow businesses to claim relief on the cost of certain assets that they purchase and use in their business. These allowances are designed to encourage investment in these assets, which are typically plant and machinery. The...
The super deduction is a time-limited capital allowance that gives businesses 130% first-year relief on qualifying plant and machinery investments. This allowance was introduced by the UK government in April 2021 as part of its economic response to the COVID-19...
As a business owner, it's essential to keep track of your finances. One of the most crucial tasks is reconciling your bank balance in Xero with your actual bank statement. If your two balances don't match, it could mean that your starting point in Xero is incorrect or...
elf Assessment is a system set up by the HM Revenue and Customs (HMRC) for individuals to report their income and calculate the tax they owe. If you are self-employed or have untaxed income, such as rental income, investment income, or foreign income, you may be...
GoCardless is a direct debit management platform that allows businesses to collect recurring payments from their customers. It is a simple and efficient way of keeping track of payments and reducing the need for manual invoicing and follow-up. However, for those who...
Choosing the right cloud accounting software for your small business can be a daunting task. As an accountant who sets up and uses various software on behalf of clients, I've seen the pros and cons of different platforms. In this blog post, I'll provide an overview of...
As an ecommerce seller, keeping track of your finances and accounting is crucial for the success of your business. If you already have a Xero UK account and an Amazon seller account, connecting them can simplify your accounting process and provide you with a clearer...
At Carter Clear, we understand the importance of managing customer relationships and financial information for our clients. That's why we offer a unique service to integrate their customer relationship management (CRM) and cloud accounting systems. With extensive...
As an accounting firm, we have seen first-hand the benefits that Sage Business Cloud brings to small and medium-sized businesses. This comprehensive suite of software solutions has transformed the way our clients manage their finances and has become a game-changer in...
As an accountant who specializes in working with ecommerce businesses, I have seen first hand the importance of having a cohesive and integrated system for sales and inventory management. In today's ever-evolving digital landscape, ecommerce businesses often sell...