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How to use Postponed VAT Accounting to manage import VAT from 1 January 2021

How to use Postponed VAT Accounting to manage import VAT from 1 January 2021

by Georgi Rollings | 9th January 2021 | Limited company, Tips and Tricks, VAT, Xero

So we’re here – the Brexit transition period has ended. As of 1 January 2021 there are changes to how you have to account for import VAT.  This means any UK VAT-registered business that imports goods into the UK from anywhere in the world will need to adapt to a...
Six top tips to set off on the best foot with Xero bookkeeping

Six top tips to set off on the best foot with Xero bookkeeping

by Jennifer Grocott | 30th December 2020 | Bookkeeping, Limited company, Sole trader, Start ups, Tips and Tricks, Xero

Rather than a necessary evil, bookkeeping is vital to the success of your business. You’ve chosen Xero because you know having the best technology on your side is going to make it far easier on you to get the bookkeeping done and see that success faster. In the past,...
Why is bookkeeping important and do I need to do it myself?

Why is bookkeeping important and do I need to do it myself?

by Jennifer Grocott | 16th October 2020 | Bookkeeping, Limited company, Tips and Tricks

Keeping on top of your bookkeeping can be a time consuming and stressful activity when you’re doing it yourself and running your business too. To break down the job title – ‘Bookkeeping’ is the practise of recording and tracking the financial transactions of a...
How do I know if my business is performing well financially?

How do I know if my business is performing well financially?

by Georgi Rollings | 9th October 2020 | Business Planning, Limited company, Sole trader, Start ups

In order to make the kind of decisions that will enable you to grow month on month, year on year – you need to know how well your business is performing. It’s awfully hard to make a sound decision when you don’t have anything to base it on, isn’t it? That’s why...
Before you hire a new employee, see if you’re eligible for Employment Allowance

Before you hire a new employee, see if you’re eligible for Employment Allowance

by Emma Lawrence | 11th September 2020 | Being an employer, Limited company, PAYE, Start ups

As business owners, we all want to take on employees. One of the greatest benefits of a growing business is being able to afford support in running it. Employment Allowance is designed to support small employers financially. But going down the employment route can...
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