by Georgi Rollings | 16th June 2021 | Making Tax Digital, Sole trader, Tips and Tricks, VAT
At the moment Making Tax Digital is only mandatory for VAT-registered businesses which are over the VAT registration threshold. And even then it is only a requirement for filing VAT returns. But is Making Tax Digital just for VAT? The short answer is no. MTD for VAT...
by Jo Wormald | 8th May 2021 | Brexit, Tips and Tricks
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...
by Jennifer Grocott | 10th April 2021 | Bookkeeping, Limited company, Tips and Tricks, Xero
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...
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,...
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...