The beginning of a new year is the perfect time to reflect on what your business has achieved over the last year, while also setting some goals for the year ahead. That could be cutting out bad business habits or opening yourself up to new opportunities. (more…)
Around 1.4 million businesses in the UK employed members of staff in 2018, and all of them shared one thing in common: the legal requirement to run payroll.
This task consumes a large amount of time each month, with multiple processes to complete in order to comply with legislation and pay workers on time. (more…)
National insurance contributions (NICs) are set aside to pay the state pension and other benefits, but due to the UK’s ageing population the National Insurance Fund is under increasing strain, with the state pension taking up more than 90% of its annual outlay in 2018.
A review by the Government Actuary’s Department (GAD) predicted the fund would be empty by around 2032. (more…)
The apprenticeship levy took effect on 6 April 2017 and means businesses with an annual pay bill of more than £3 million must pay the levy towards apprenticeship funding. (more…)
Employers need to keep up to date with changes affecting payroll so that all employees have the right amount of tax deducted under PAYE. Here, we highlight some top tips on keeping ahead of the game: (more…)
All businesses that are VAT registered with a turnover over £85,000 will need to submit their VAT returns using accounting software from 1 April 2019, however, there has been a delay until 1 October 2019 for some businesses (further details of these businesses can be found below). (more…)
We believe that managing your business finances should be easy, allowing you to get on with the important day to day running of your business. Check out our Xero Top Tips (more…)
- Enhancements to Banking functionalities
- Reference number for Refund Receipt
- Match split paychecks from Payroll
- Connect Bank accounts through Chart of Accounts
- Cleared Date Intelligence when reconciling connected accounts
- Hide empty payments table on Bank Deposit