Crowdfunding is a way of raising money by asking a large number of people each for a small amount of money. Although it’s a relatively new concept, it’s fast becoming one of the most popular ways to start up a business. At present, the government have yet to introduce any special tax rules to accommodate … Continued

The VAT Flat Rate Scheme

Recent changes to the Flat Rate Scheme and the special VAT rate have left many asking if their VAT bill is likely to go up or down… FRS basics Any type of business can use the Flat Rate Scheme (FRS) as long as their business’ annual turnover for the preceding twelve months is no more … Continued

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Visit from the VAT man – would your business be ready?

VAT officers can visit your business to inspect your VAT records and make sure you’re paying or reclaiming the right amount of VAT at any time. If they turned up next week, are you confident you are ready?   Generally speaking businesses are selected for a VAT inspection by a computerised selection process based on criteria including the businesses turnover, its … Continued

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Xero add-ons – making your business simpler

Xero cloud accounting software is not a standalone product. Once you have seen the benefits and decided to move your accounting to the cloud, there are over 700 apps that integrate with Xero to help you reach your goals.   Whether you are looking for something to help deliver projects, improve cash flow, or manage … Continued

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