Most people who use Xero don’t realise just how powerful it can be. There are so many features packed into the platform that it’s easy to miss some of them, especially when you’ve only just started using it. We’ve been using Xero since it first came to the UK back in...
With the cold months over and summer in sight, self-assessment tax return season is probably the last thing on your mind. That makes sense. The end of the 2020/21 tax year wasn’t that long ago, and there’s a good number of months before the 31 January deadline for...
You have profits in your limited company, great. How do we get those profits out of your limited company the most tax efficient way? ‘Profit extraction’ is a pretty clinical phrase to describe one of the most exciting aspects of being your own boss: getting paid for...
Whether you’re just starting up your own business, or you’ve already been trading for a while, you might be wondering if opening a business bank account should be high up on your to-do list. Running a small business can be hard work at the best of times (trust us, we...
Making Tax Digital for income tax It’s the end of the tax return as we know it – Making Tax Digital for income tax self-assessment, or MTD for ITSA, is set to roll out from April 2023. If you haven’t heard of it before, MTD is a Government programme that’s being...
