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
5 reasons why you should attend our FREE Xero Advance workshop
Not only will we touch on the basics, we’ll also cover a few aspects you may not know about just yet… Here’s 5 reasons why we think you should attend our FREE Xero Advance workshop: (1) Experience Here at Xebra Accounting, we have over 15 years of combined experience with Xero Cloud Accounting, learning and using the software every single … Read More
3 reasons why
3 reasons why small business owners don’t get an accountant or financial adviser to support them and why they should. Small business owners often put off taking advice from an accountant or financial adviser for a number of reasons. Here are the biggest reasons we’ve found and a few points behind why they should be avoided in the future… (1) … Read More