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Getting paid on time
Getting paid on time Getting paid on time and keeping business cash flowing is the most important thing to keep your business wheels rolling. It’s the life-blood of any business and you need it to survive, sustain, and grow. You need cash for a whole variety of...
Xero Accounting
Xero Accounting - Start today Sign up and Free up some of your precious time with Xero & Cloud Accounting Xero: The benefits to you and your business. Get started with Xero and you won't look back Firstly, taking on new systems can be daunting, however cloud...
Bookkeeping
Bookkeeping: Number collection follows on from our last blog post- Loving numbers. Previously we talked about loving numbers and why they need love. Today, we want to talk to you why and how you collect those numbers, those 'words' to tell your business story....
Make money
Make money: Take charge of your numbers Make money: Take charge of your numbers sounds like obvious advice. Above all, there's an immediate problem, and that is numbers scare people. Your school Maths teacher may have been responsible. To clarify, numbers can feel...
Not for profit
Not for Profits In this blog I am going to look at the why Not for Profits doesn't mean Not for Business. To clarify, businesses are typically classified as Private or Not for Profit . Above all , a Not for Profit Business includes many Art Organisations,...
Make money in your business
Above all, a business is there to make money. It’s your primary responsibility. Money means profit. It doesn’t make any difference whether your business is a private business, social enterprise or charity. Some headline reasons for making profits include: No...
Self Assessment Tax Returns 2021-22
Self Assessment Firstly, Self Assessment was introduced by the Inland Revenue (HMRC) in April 1996. Secondly, this tax system used to assess and collect Income and Capital Gains Tax. This vlog looks at How to prepare your tax return 21-22 Some important things to...
Xero: Two-step authentication
Xero: Two-step authentication Cloud Accounting security: What you need to know Xero: Two-step authentication is vital. Cybercriminals are cunning creatures. Phishing emails and other scams are used to try and get users’ login credentials and gain access to sensitive...
Artists tax: Averaging Relief
Artists tax: Averaging Relief Artists Tax- Averaging Relief is designed to help artists who have significant fluctuating income from one year to the next. The tax consequence of this fluctuating income could be no tax to pay when profits are low, followed by paying...
Tax Return: Dates and payments
Tax Return: Dates and payments To clarify, the two previous blogs have looked at who must prepare a personal tax return, and what can be claimed. Your personal tax return includes details of your income and capital transactions. Our focus today is 2020-21, 6th of...
CIS Deductions: Do them right
To clarify, making the correct Construction Industry Scheme (CIS) deductions is one of the schemes conditions. So, are you doing it correctly? Firstly are you working in construction? Secondly are you a contractor, subbie, advisor, all of those? If so this article...
Expense Claims: Tax Returns
Personal Tax: What expenses can we claim? Today, we will tell you what expense claims can be made for your Personal Tax Return. Previously we talked about that, pencil in the aorta time, tax return season. I get loads of clients saying, Mahmood, we’re putting our...
Personal Tax Return: First Steps
Firstly, Personal Tax return season (Self Assessment) 2019-20 finishes on 31st January 2021. Secondly, you may have done yours, so relax, but if you've not read on. I'll start by looking at the first steps and then proceed from there. Some important stuff to things...
Xero: Business Information System
Xero is a powerful Business Information System, and not just a record keeping system. Every business, however big or small you are, should know some essential things about their business. Xero is a Cloud Accounting system, it is our platform of choice, not...