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Making Tax Digital for Income Tax

With the majority of small businesses now registered for MTD for VAT, it is now time to start preparing for the introduction of MTD for Income Tax. In light of the Covid pandemic the planned startRead more

Xero Bank Feeds

Xero have just announced exciting changes to the 90 day reauthentication rule for bank feeds. Bank feeds automatically import transactions from your bank or financial institution directly into your XRead more

Platinum Jubilee

As the nation prepares for a 4 day celebration of the Platinum Jubilee of Queen Elizabeth II, we would like to add our congratulations on this momentous occasion.  The Queen has ruled for longerRead more

Xero Hour

The clock is ticking for Making Tax Digital but for many small businesses owners the prospect of changing their existing accounting system to to an MTD compatible one is a daunting one.  HoweverRead more

Making Tax Digital

Since April 2019, VAT registered businesses with a taxable turnover above the VAT threshold (currently £85,000) have needed to keep VAT records digitally and send returns using Making Tax DigitalRead more

Closure of the Statutory Sick Pay Rebate Scheme

HMRC have announced that the Statutory Sick Pay Rebate Scheme will close on 17‌‌‌ ‌March‌‌‌ ‌2022. You have until 24‌‌‌ ‌March‌‌‌ ‌2022 to submit any new claims forRead more

Health and Social Care Levy

An increase in National Insurance contributions is set to come into effect from April this year. Under the plans, employers, employees and the self employed will all pay 1.25p more in the pound. FromRead more

Strictly Inspirational

With Christmas just days away it can seem hard to find reasons to be merry and bright this year. With the headlines full of fears of another lockdown, rising interest rates and declining confidenceRead more

Shift to a Low Carbon Economy

As the world turns its attention to the 26th UN Climate Change Conference of the Parties (COP26) small businesses should consider what they can do in their business to take positive action to combatRead more

Xero Bank Reconciliations

Bank reconciliation has always been a core bookkeeping task. Comparing two sets of records to make sure the figures are correct was a time consuming but essential process of inputting bills andRead more

Making Tax Digital Phase 2

Next month HMRC will begin writing to all VAT registered companies not yet registered for MTD to advise that with effect from April 2022 all VAT registered companies regardless of turnover must beRead more

Changes to the Coronavirus Job Retention Scheme .

This month sees changes to the Coronavirus Job Retention Scheme (CJRS) The Government will now pay 70% of employees' usual wage for the hours not worked, up to a cap of £2,187.50. In August andRead more