Get quick accounting wins for your fashion business during challenging times
Fashion can be a tough business to be in at the best of times. Long seasonal cycles means time is largely spent planning ahead. Orders have to be in ahead of the season, and the cost of samples, manufacturing and marketing have to be covered early. Alongside the...
March 2021 Tax Day Announcements
We all heard the announcements made in the 2021 Budget on 3 March 2021. But did you know that HM Treasury published more than 30 tax policy announcements and documents? These Tax Day announcements were made less than 3 weeks later. No changes will be implemented in...
How can I make it easier for people to pay me (and fast)?
Setting up multiple payment methods in Xero is a major quick win. Offering different payment methods makes it easier for people to pay you, and it’s actually really easy to do using Xero online payment services. Getting paid fast can really help put a business...
Government backed coronavirus loans – everything you need to know
We wouldn’t blame you at all for feeling a bit brain boggled about the Government backed coronavirus loans that have been made available to businesses as we progress through lockdown, not least because of the heavy amount of acronyms involved. BBLS and CBILS for SMEs...
How to use Postponed VAT Accounting to manage import VAT from 1 January 2021
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...Follow Starfish Accounting
