Xero Xenogogy – Budgets

Budgets in Xero   When you’re thinking about the new financial year, it makes sense to start off with a budget. Pinning down your budget at the start of the financial year (or any time for that matter) will enable you to see problems or issues that are coming up further down the line. Using this information, you can more intelligently ...

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...

Refresh Your Business Goals for the New Financial Year

SMART Business Goals for the New Financial Year   The beginning of a new financial year is the SMART time to review your business goals and sharpen your focus on achieving them. But you’re really busy, aren’t you?  You don’t have time to spend noodling with business plans and goals.  Well, that’s an understandable position t...

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...

GDPR Preparation for SMEs in 3 Stages

Stage 1 - Awareness, Data Identification and Creating a Register Getting ready for GDPR doesn't have to be as confusing as it appears to be.  Read our 3 part blog designed to walk you through the stages, so you don't go crazy!   1 Awareness Make sure that the relevant people in your business are aware of GDPR and the...

7 Tips to Get Your Invoices Paid

Tips for Getting Your Invoices Paid Cashflow is vital for any SME, so one of the biggest problems facing small businesses is late payment of invoices.  In Britain we are especially slow at paying our bills, in 2014 around 60% of small business owners were experiencing late payment issues – with the average firm owed over £38,186. This is a big...

GDPR – 8 Points You Need to Know

[caption id="attachment_1788" align="aligncenter" width="688"] 8 Points You Need to Know about GDPR[/caption] GDPR is on it's way But do you know what it is? The General Data Protection Regulation is designed to protect all EU citizens from privacy and data breaches. It comes into effect from May 2018, but the time to s...

Marginal Gains – How 1% Can Make the Difference

  Marginal Gains   In 2012, British Cycling wiped for floor in the London Olympics.  Those were the salad days before the recent doping controversies kicked in, and according to their coach at the time, Dave Brailsford, they owed it all to marginal gains. British Cycling’s approach to Marginal Gains was to apply the concept...

Things to Do Before the End of the Tax Year

Things to Do Before the End of the Tax Year The end of the tax year is nigh!  So it's time to check you've done everything you should do before it gets here! Pensions Pension contributions can be used to manage your tax liabilities, but there are annual and lifetime restrictions on the amount you can invest. If you are thinking of puttin...