Succeeding in business is hard. No one can guarantee success, but there are some surprisingly achievable characteristics of financially successful businesses. Sadly, less than 20% of businesses reach their 5th birthday. The main reason for not doing so is that they run out of cash. Even companies with growing sales fail. Running out of cash can happen to businesses with poorly performing sales as … Read More
Flourish or fail?
For most businesses, this year has been a write off, and we now only have 90 days left of 2020. You may have an overwhelming feeling of uncertainty, worry and the fear of failure as we draw closer to the new year, however, these last 90 days are the most crucial days of the year when it comes to running … Read More
Are you where you want to be?
In today’s world, we are continuously working towards tackling obstacles and learning new skills. And, at times it can be very overwhelming, especially in recent circumstances where there has been a lot of uncertainty and presumably, a lack of sales. With that being said, now is a perfect opportunity to look at where you are and determine whether you are … Read More
Are you using cloud based accounting?
What is cloud based accounting? Cloud accounting keeps your business books online – with the inclusion of records from your income and expenses, and assets and liabilities. Cloud accounting means you can access your accounts from any web browser, or from and app on your phones. You can connect the software to your business bank account so that banking transactions … Read More
Why should your small business have management accounts?
Management accounts are a set financial statements, typically prepared on a monthly or quarterly basis. They provide key financial and statistical information that allow you to make timely decisions within your business. Management accounts consist of a profit and loss report, balance sheet, cash flow statement a short overall report of the business. Also, they can be tailored to your … Read More
Changes to our upcoming workshops
You will have seen that the Government has recommended much stronger social distancing measures to combat Coronavirus in the UK. As a result of that new advice, and with measures that are being taken more frequently, we have decided to change our in house workshops to virtual webinars. We want to ensure we are still providing you with the training … Read More
Less time, more money
Have you ever thought about how you may be missing out on important things in life that aren’t revolved around your business? Even if it is just a few hours spent having more “me time”. At Xebra Accounting we minimise your accountancy time and give you greater information than ever, so you make can make the right decisions to increase … Read More
5 reasons why we think you should attend our 90 Day Financial Planning workshop
What will it take to make 2020 the best year yet for your business? Our 90 day financial planning session will allow you to look at what you need to achieve in the next 90 days, with the guidance & support from our team at Xebra. Here’s 5 reasons why we’d hate for you to miss out on our 90 … Read More
Financial Success – How ready are you?
Being financially fit for success when it comes to business is not just about having some money in the bank. It goes way beyond that. In our opinion, there are 5 core areas, with commitment that will give you everything you need to become financially fit: 1) Mindset & team Positivity is key to growing a business; and so is … Read More
Reverse charge VAT for CIS
From 1st October 2020, HMRC are introducing a new reverse charge concept into the construction industry. The construction industry has been notorious for ‘missing trader’ or carousel fraud, HMRC originally brought in a specific scheme called ‘Construction Industry Scheme’ to tackle fraud and are now turning their focus to VAT within the construction industry. HMRC have recognised that the company’s … Read More