by Georgi Rollings | 9th January 2021 | Brexit, 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...
by Emma Lawrence | 15th December 2020 | Being an employer, Corporation tax, Limited company, PAYE, Self assessment, Sole trader, Tips and Tricks, VAT
If you’re worried you can’t pay your tax bill then your best bet could be to set up a Time to Pay Arrangement. As part of the response to Coronavirus, the government has extended its Time to Pay (TTP) Arrangement to help support businesses struggling to manage their...
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...
by Georgi Rollings | 14th August 2020 | Business Planning, Limited company, Sole trader, Tips and Tricks
The UK is officially in recession for the first time in 11 years. I don’t think anyone is surprised, COVID-19 has had a significant impact on almost every area of our lives. We can’t ignore that a recession means increased financial hardship for a lot of people. We...
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...