by Georgi Rollings | 18th October 2022 | Landlords, Making Tax Digital, Self assessment, Sole trader, Start ups, Xero
Despite the current chaos in government all signs point towards Making Tax Digital for Income Tax Self Assessment – or the snappily named MTD for ITSA – going ahead from April 2024 as planned. Scarily that is now less than 18 months away. As accountants we...
by Georgi Rollings | 7th July 2022 | Accounting, Bookkeeping, Xero
Staying up to date with accounting tech is now a major part of our job. There are so many innovative solutions out there, some more relevant than others. We’re right in the middle of accounting conference season (sounds exciting, right?) and having been to...
by Georgi Rollings | 1st June 2022 | Bookkeeping, Limited company, Sole trader, Start ups, VAT, Xero
You need to feel 100% confident in your business’ accounts. As the most popular cloud accounting software in the UK, you were expecting Xero to help you do that, but you’re not seeing all the magic you were promised. Instead of having better data, better processes and...
by Juliet Wylie | 16th March 2022 | Bookkeeping, Limited company, Start ups, Tips and Tricks, Xero
We all do it. We wake up every day full of good intentions. “I am going to reconcile my Xero account” we think. “I will submit that paperwork to my accountant” we promise ourselves. Then reality sinks in. You know that you won’t do it again today, just like you didn’t...
by Juliet Wylie | 30th November 2021 | Landlords, Making Tax Digital, Self assessment, Sole trader
On 23 September 2021, the Income Tax (Digital Requirements) Regulations 2021 (S1 2021/1076) for MTD ITSA were passed by Parliament, opening the gateway for MTD ITSA to commence on 06 April 2024. This is a one year delay from the initial plan to introduce MTD ITSA to...