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As your local Xero accountants, we’re going to be talking all things open banking with Xero. One of the best things about modern cloud accounting software is how easy it makes some once laborious processes. Take bank reconciliation. Remember when you had to do it manually by matching hard copy bank statements with your invoices … Read moreFirst Direct Bank Feeds Now Live with Open Banking in Xero

“Oh, I’ll just do the numbers myself.” How many times do you think business owners have muttered that to themselves only to find, six months down the line, it’s become one of the most annoying tasks on their to-do list? And annoying tasks don’t get done very often or very thoroughly. You can’t run a … Read moreWhat Exactly Does an Accountant Do?

As reputable tax advisors, there are many advantages to running your own business, like the freedom of being your own boss, the greater control, and possibility of lucrative rewards. But there can often seem like thousands of things you need to know to run it successfully. Paying tax, and just the right amount of tax … Read moreIs It Worthwhile Having A Company Car Anymore?

We all need to pay tax – it’s a fact of life. Despite this, it’s often painted as a bad thing and something which is littered with unfair rules and regulations. No matter your opinion on the UK tax system, there’s no escaping the fact that you’ll need to file your self-assessment by the end … Read moreWhat Are Payments on Account?

The long commute, the office politics, the limited food choices, or even the numerous work distractions are among the many reasons that more and more people are now choosing to work from home. Instead of traipsing into the office and battling with the traffic and school run only to find you can’t park or the … Read moreUsing Your Home as an Office? You Could Be Saving Tax!

VAT (Value Added Tax) was introduced to the UK economy in 1973 and is unsurprisingly the third largest source of money to the UK government. The tax, added to the purchase of goods, is currently set at 20% on top of the value of the item or service that is sold. Most of the things … Read moreShould I Become a VAT Registered Business and do I Have a Choice?