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

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

Making Tax Digital

What we know so far… As most are aware now through advertisements or word of mouth, HMRC have an incentive called Making Tax Digital that aims to revolutionise tax administration to make the tax system more effective and easier for tax payers to keep on top of their affairs by digitalising the way they manage their affairs. HMRC aim to … Read More

At the click of a button

Managing your accounts should not be taking up your precious time, which is why we use Xero – Cloud Based Accounting for our clients and why we think you should too. As one of the first Accountancy firms to have adopted Xero, we are able provide you with an online solution for your business, so anything you need is readily … Read More

July Newsletter

Xebra Accounting turns 5! “Give yourself some credit, because you’re doing great” Here at Xebra we know how important growth is to your business, and sometimes you need to realise how far you’ve come and give yourself a bit of credit. In the upcoming months, we’ll be looking into a few ways in how we can help you on your … Read More