Do you get confused by the proliferation of online accounting software options? Do you feel blind to the differences in the choices and reach for the cheapest option or the first one to be recommended? Is the person recommending the software really considering what’s best for your business? Do the people who recommend the software then help you get the best out of the package? I am passionate about helping businesses with tax and online accounting. I seek to find solutions th
The first item we reach for in the morning is often our mobile phone. Social media and news may be top of your priorities, but with many online accounting solutions you can check out your business as well. Here's 5 things that I do in bed with #Xero on my Smartphone. 1. Check my Bank Balance and Transactions uploaded overnight, matching them with sales, purchase invoices or bank rules where appropriate 2. Convert Quotes that were accepted overnight to Invoices, automatically
Do you understand what the changes to the end of the soft landing period for VAT MTD will mean for you? If you are still using the manual entry HMRC VAT submission portal, then you are still non-compliant and really should take action now. If you are using bridging software, then the data flowing into that bridging software must be a flow of electronic data from the point of initial input of invoices and receipts to the final totals flowing to HMRC via the bridging facility.
If you are still manually entering VAT figures in the boxes on HMRC's Online VAT facility then you are not MTD compliant! The confusion may occur because there are two VAT Online systems within HMRC. - The original VAT Online including your data and submissions prior to MTD, which you want to be able to access as part of your historical records, - The new MTD Online facility which includes the integration capability to communicate with third party software for MTD. These are
So you're thinking of starting a business. What first steps need to be taken? Decision on legal structure (ie self employed, partnership, limited company) Set up a business bank account Buy Domain and arrange Email addresses (main players Microsoft or Google) Set up website (Wix, Wordpress, Square) Consider accounting software With Tide Banking you can resolve both the business account and the first steps accounting software points. Tide doesn't have fixed monthly fees and so
Can online accounting software be good for you #mentalhealth ? I think there's a very good argument that software such as Xero can revolutionise the mental health challenges of dealing with small business administration.. As with any other area of your life that you struggle to deal with or fully understand, there can be a tendency to bottle it all up, ignoring the bookkeeping, accounting and tax issues, letting them grow to almost insurmountable proportions, before finally s