Resources

Check out our resources library for useful articles and up to date news.

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CREDIT LIMIT FOR CUSTOMERS

Xero have added a new feature giving you the ability to set a credit limit for a customer so you can keep track of what they owe you. The credit limit can be set within the contact record, see the help notes here You can also add a credit limit block to a customer to...

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FURLOUGH SCHEME – CORONAVIRUS JOB RETENTION SCHEME (CJRS)

The Government released the Coronavirus Job Retention Scheme to run from 1 March 2020. All UK employers will be able to access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off during this crisis and...

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COLLECTING PAYMENTS VIA GOCARDLESS FOR XERO

We know how important it is for our clients to get paid on time and reduce hours spent on admin. That’s why we recommend GoCardless for Xero. GoCardless for Xero allows you to collect payments automatically or manually for any Xero invoice. The free GoCardless for...

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NATIONAL MINIMUM WAGE

From the 1st April 2020 if your employees are on minimum wage or receive the living wage they will be due a pay rise.  The new hourly rates are as follows: Date Age 25 & Over Age 21 – 24 Age 18 – 20 Under 18 Apprentice From 1st April 2020 £8.72 £8.20 £6.45 £4.55...

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SELF ASSESSMENT & ON ACCOUNT PAYMENTS

If you are a sole trader you must file a self assessment tax return every year, either on paper or online. Before you can file a tax return you must register as self employed, with HMRC here. When you register you can also request online access, if you didn’t do that...

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INVOICING: WHAT TO INCLUDE ON YOUR INVOICES

When you issue an invoice to a customer there are certain things you must include on them (especially if you are VAT registered) and some that are best practice. The checklist below should help ensure you don’t miss anything Your company information: full name,...

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DO YOU HAVE TROUBLE GETTING CLIENTS TO PAY ON TIME?

Do you have a formalised process for invoicing your clients and collecting payments? The following steps are an example of the process you should have in place to ensure speedy payment: If you don’t have a contract in place make sure your client signs up to your terms...

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BRIGHTPAY CONNECT

BrightPay Connect is a cloud add-on to the desktop payroll software we use to process your company payroll. The powerful online features include an automated cloud backup, online employer dashboards, annual leave management, client payroll entry and approval and an...

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REVERSE CHARGE VAT FOR CONSTRUCTION INDUSTRY

This new regulation intends to cut down on ‘missing trader’ fraud – where companies receive amounts of VAT from their customers, but do not declare or pay this to HMRC. The Domestic Reverse Charge (DRC) has been around for a while for some industries but is now being...

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WHAT IS BOOKKEEPING AND WHY DO WE DO IT?

Bookkeeping is a key part of our services, but what is bookkeeping and why do you need it? In a nutshell, bookkeeping is taking all your records – bank statements, sales invoices, purchase receipts, mileage logs, stock take, etc – and recording them in a proper format...

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