XERO

Xero: Is it Worth The Money?

Xero: Is it Worth The Money? Xero is a popular cloud-based accounting software. It has been a tough competitor to other accounting software since 2006. Based out of New Zealand, Xero is a powerful accounting tool that comes with a wide range of features, 800+ integrations and provides comprehensive reports. Unlike its primary competitors, Xero…

Personal Taxes

Personal Taxes vs. Business Taxes

Personal Taxes vs. Business Taxes Comparing personal taxes to business taxes is like comparing apples to oranges. Although the basic concept of both charges is similar, there are some crucial differences between the two. Let’s find more about personal taxes vs. business taxes in the United Kingdom. What is Corporate Tax? Corporate tax or business…

Virtual Accounting

Everything You Need to Know About Virtual Accounting

Everything You Need to Know About Virtual Accounting  A lot of businesses outsource essential tasks that don’t fall into the core competencies of their workers, and accounting is no different! Virtual accounting is a new trend that enables qualified accountants to offer their services to businesses of various types remotely. A large number of businesses…

SUMMER ECONOMIC UPDATE

On Wednesday 8th July 2020, the Chancellor Rishi Sunak made a speech entitled “Summer Economic Update” where he unveiled further Government supports and he unveiled the Government’s plan for jobs which he described as the “Second phase in in the Government’s economic response to the crisis.” The “Plan for Jobs” PDF can be seen: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/898421/A_Plan_for_Jobs__Web_.pdf…

Payroll Management Tips for Business Owners

Payroll management is a method for processing workers’ salaries, bonuses, and deductions as per the labour laws and other directives by the government. Regardless of the size of your business, it’s essential that you learn tips for managing payroll effectively. After all, it directly affects your financial welfare of your business and your staff. In…