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A question many of us will have either asked ourselves or indeed have been asked for an opinion on over recent years. The numerous property programmes on television who can seemingly purchase, renovate and sell three properties for a healthy profit within 60 minutes, coupled with the media scaremongering of the economic world, does suggest bricks and mortar would be a sensible place to look to make a healthy return....

Historically payroll has always been something that is completed separate from your accounts, ready to be entered in manually at some point (or left to your accountant to enter at the year end) and holiday calculations have always been a bit of a nightmare. But Xero have come up a with a new solution that is built into their existing online accounting software. If you are already using Xero (and if...

When considering how best to structure some valuable insights into 'Auto-enrolment', or 'Work Place Pensions' as it can also be referred to, the most appropriate option seemed to be to actually discuss why it has come to be in the first place then simply explain how to ensure you have 'done your bit'. So to start at the beginning,. In August 2014 Moneywise released some statistics which highlighted that almost 12...

Q: I’m confused, what is the difference between ‘Auto-Enrolment’, ‘Work Place Pensions’ and ‘Stakeholder Pensions’? A: All three terms mostly relate to the same thing. Auto-Enrolment is the term used to reference an employer's recent obligation to provide a scheme to their employees. Work Place Pension is what you would call a scheme. A Stakeholder Pension refers to the previous rules whereby a scheme needed to be available should someone request...

I recently went down to London with Scott, where he was visiting a few of his clients to help them with Xero, amongst a few other things. This was a great opportunity for me to see a second round of Xero Training from the clients' perspective, what common questions were, and if they had progressed from their first sessions. Complex reporting & plan of action to fully move to Xero After a hectic...

  It shouldn't be a difficult process - with up to date business financials in Xero, and sound personal financial planning in place, you're in a very good position! Are you looking for an early start up loan? Do you have growth ambitions but need extra financial support to get the project off & running? Are you about to buy energy saving equipment for your business? Does your business spend time designing or creating new...

When I was invited to set up a small business on Xero I expected to be able to do it with my eyes closed. When I discovered that the business in question was an Australian trust that needed to file their Q1 BAS, and they were only in London for the next few days, I knew I had to be on top of my game. After first googling 'Q1 BAS' (so...

You took the great leap from spreadsheets to Xero for your general bookkeeping needs - you're adding purchase invoices, doing your sales invoices, reconciling your bank, and perhaps doing expense claims. But could you be using Xero more extensively?  Could it be helping you to do more by doing less? Tracking categories - this feature allows you to split results into categories, so you can compare how different sections are operating...