Recently, some of our team traveled to London to attend a conference organised by accounting software Xero. Past attendees have referred to Xerocon as the ‘Glastonbury for Accountants’, and it certainly lived up to the hype. Xerocon isn’t your traditional accounting conference. With inspiring keynote [...]
Many Solicitors will refer to any charges that go over and above the basic fee for their services to the client as a ‘disbursement’. Expenses paid out on behalf of the client to a third party, for example. However, the term is loosely used for [...]
How do you know when it’s the right time to hire a Bookkeeper? Would you know? Or would you be like most entrepreneurs and assume that it's a job anyone can do, a cost you don’t need or something you can simply do yourself. A [...]
“The backbone of the economy, the bedrock of communities.” That’s how the UK’s family businesses have been described by the IFB (Institute for Family Business). They’re not wrong. Even against the backdrop of huge and growing multinationals, family-owned companies remain vital to the success of [...]
One of the most exciting things about being a business owner is seeing your ideas come to life. You get to use your mind every single day to solve, create, challenge, and inspire. And it’s truly invigorating. But it’s also something many of us take [...]
This is a guest post from Sharon Duckworth, Snr Mortgage Consultant (Key Mortgage Advice). Now, more than ever, first-time buyers are struggling to raise a deposit and secure a mortgage. Banks consider the level of borrowing required as unaffordable. This makes it especially difficult for [...]
What is Making Tax Digital? From 1st April all VAT registered businesses with a turnover over £85,000 will have to keep digital records and submit VAT returns using compatible software. Why? HMRC want to bring tax into the digital age, bringing together their internal systems [...]
The short answer: Not very. Xero is in fact incredibly intuitive and uses machine learning to make your bookkeeping tasks a great deal quicker and easier. However, as with anything new, there are going to be a few bumps in the road. Don’t worry, that’s [...]
I know what you’re thinking. It's coming too fast. The systems won’t cope. HMRC will get it all wrong. And you know what? You might be right. But these issues aside, Making Tax Digital could be the best thing to happen in years. And in [...]
One of the hardest parts of owning a business is not knowing how much you will earn in the future. There is no steady paycheck, with added holiday or sick pay, and you have to balance both your business and household budget with no real [...]
