by Juliet Wylie | 31st July 2020 | Bookkeeping, Tips and Tricks, Xero
‘Open Banking’ can sound a little bit scary at first. When you’re thinking about banking, you’re not thinking “Hey I’d like my finances to be out in the open thanks”. Don’t worry – that’s not what it means. Although it sounds sketchy, Open Banking actually...
by Georgi Rollings | 2nd July 2020 | Accounting, Bookkeeping, Limited company, Sole trader, Tips and Tricks
If you are using Xero you will probably have heard that this is the market leading cloud accounting software in the UK. You may be expecting minor miracles, where everything is easy to do straight out of the box. You should have immediately seen improved visibility...
by Georgi Rollings | 11th October 2019 | Accounting, Bookkeeping, Limited company, Tips and Tricks
We hear a lot about app stacks when we go to cloud accounting conferences – but what is an app stack? Really it is looking at what combination of apps will give you the best functionality to make it easier for you to run your business well. As accountants we...
by Georgi Rollings | 3rd November 2012 | Limited company, Sole trader
Are your books and records all in order? You may not have heard of HM Revenue & Customs Business Records Check initiative, but it has just been relaunched and it could affect you. So what is the Business Records Check initiative? Well, it pretty much does what...
by Georgi Rollings | 24th September 2011 | Accounting, Bookkeeping, Limited company, Sole trader, Start ups, VAT
What is the Flat Rate scheme? Instead of paying HMRC the difference between the VAT you charge your customers (output VAT) and the VAT you pay to your suppliers (input VAT), you instead pay a fixed percentage of your VAT inclusive turnover. The Flat Rate...