If you are in business you need to keep a record of your income and expenditure and whilst you know what you are selling, receipts or invoices from the businesses you buy from are evidence of what you have bought.
As Xero Certified Advisors, a Silver Partner and daily user of Xero accounts software, I and my team know how to work most efficiently with Xero. So here are my top 7 tips.
Are you burying your head in the sand? If your business deferred paying VAT between March and June 2020 and have not yet
April is the start of the new tax year for many businesses and if you are considering changing how you keep your accounts the start of your new financial year is the best time to do it.
From April 2023 individuals who submit a tax return to declare income outside of employed earnings will have to submit their accounts digitally to HMRC on a quarterly basis.
