HMRC is not always right when it comes to what you owe them. Over the years we have had lots of situations where HMRC have told our clients they have underpaid PAYE when they haven't. Although, to be fair, they do notify clients when they have overpaid too. Recently a number of employers we work with …
In their simplest form management accounts inform the business owner and/or management team of the key numbers for their business. Every business is different and the key numbers will vary according to the type of business and even within different departments. …
During August I have being doing bespoke Xero training both face to face (side by side in practice!) and remotely via Zoom. The last few months have given businesses the time to implement new ways of maintaining their accounts but, as with any new software, there comes a time when you just need help to understand what to do and that is where bespoke training comes in. Xero is user friendly and has very good …
I have been using Xero for 9 years now and frequently train not only our own new employees on how to use it but also other businesses who need help. One of the advantages of Xero has always been the bank feed which downloads transactions from your bank on a daily basis directly into the software. These transactions can then be quickly and easily allocated to an invoice or directly to an account code with a description and relevant VAT code. But sometimes the bank feed …
Several of our clients have received HMRC notifcations of late payment of their PAYE over the last few weeks. In April, May and June this was often because employers were out of their usual routine and forgot to set up payments, although a couple did think they didn't have to pay when they were using the furlough scheme! More recently though we have had two employers …
