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3 Problems Facing Small Business

The 3 Problems Facing Small Business Today 1. Money It won’t come as any surprise that cashflow is the main problem facing small to medium business right now.  Wasn’t it ever thus?  Yes, that’s true, cashflow has always been an issue.  But there has never been a better time for small businesses to take control of cas...

Everything you ​need to know about Making Tax Digital

The way your business pays tax is set to change. From April 2019, the way you keep your VAT accounts will change  completely.  As you may already know, MTD is the Government’s plan to digitise the tax system. It aims to make it easier, more efficient. Yet, 40% businesses that will be included are still not aware of what it is&n...

Making Tax Digital software: Choosing the right option for your business

What alternatives are available to you?’ Choosing the right software to pay your business’s VAT bill is essential with the rollout of Making Tax Digital rapidly approaching. Once MTD arrives, HMRC-approved software will be the only way to pay VAT. Time is running out before the first VAT deadline for MTD, on 1 April  2019&nb...

Making Tax Digital: How to prepare in 5 steps

VAT-registered  businesses the first to go through MTD Around a million VAT-registered businesses will need to  comply with new digital reporting rules from April 2019. If you’re one of them,  you’ll need to make sure you’re prepared. And creative businesses in the London area are no exception. Making Tax Digital ...

Chaser – Automated Invoice Chasing – with a human touch

: Chaser A couple of weeks ago a few of us from our London bases trekked over to Excel to attend the XeroCon conference.  It’s always a great opportunity to catch up on what new updates Xero are bringing out and step back and take a look at the broader picture of cloud accounting (which as you all know we just love!).   As app lover...

Xero Xenology – Customise Your Invoices in Xero

  Customise Your Invoices in Xero Previously we went through the process of creating online quotes and invoices in Xero and discussed the added value that could bring to your business.  This time we are going to touch on customisation. If your business is a creative one, it’s more than likely that the aesthetics of everything you do is vita...

Cloud Security – How Safe Is Online Acccounting?

Cloud Security One of the worries many small businesses have about cloud accounting is cloud security. It’s a reasonable question to ask in a world of identity theft and hackers.  And with GDPR on everyone’s mind, we thought it would be a good opportunity to revisit the issue of data protection, cloud security and security in general. The ...

Xero Xenogogy – Online Quotes

Online Quotes in Xero Many businesses don’t realise how important quotes are to their business, nevermind online quotes.  Obviously, they generate business but being too slow to turn quotes around or failing to follow up with them in a timely manner, can lose you business. Online quoting with Xero can help resolve this, providing a quick and...

Xero with Zero Effort – Raise an Invoice

Invoicing with Xero   Invoicing with Xero, could change your life! Do you remember when raising invoices were an enormous pain?  When you had to copy across the amount and details from one software to another.  Check to make sure the currency was in the correct format for that client, make sure you had given it the right unique invoi...

Making Tax Digital – What’s It All About?

Making Tax Digital – What’s it all about? The government’s Making Tax Digital initiative will change filing tax returns for businesses small and large. But what exactly is it? What is Making Tax Digital? Most of us have heard the phrase Making Tax Digital by now, but not everyone is up to speed on what it means.  Making Tax Digital is...

GDPR Preparation Stage 3

GDPR Preparation for SMEs Stage 3 – Right to be Forgotten, Breaches and Repeat. If you have been following the last 2 stages of our series on GDPR Preparation, you will be on the road to putting into place a reasonably robust start at GDPR compliance.  You’ve identified the data, you’ve located it, you’ve categorised it in a register....

GDPR Preparation Stage 2

GDPR Preparation – Protection, Legal Basis and  Consent – Stage 2 In Stage 1 of GDPR Preparation we covered, Awareness, Assessing Data and Creating a Data Register.By this stage, you will have a solid understanding of what kind of data your company handles, howmuch you store and how it is stored. You have also started to formalise this inf...