The ATO recently made Single Touch Payroll (or STP) compulsory for all employers. No idea what Single Touch Payroll is, or how it will affect you as a small business owner? We’ve got you covered with all the top questions on STP answered. Introduction to STP What is Single Touch Payroll? Single Touch Payroll, also… [Read the full article »]
Today, Australian lawmakers passed legislation that requires even the smallest of employers to electronically file each pay run with the tax office using Single Touch Payroll, starting July 1. It’s a big ask for the nation’s 2.3 million small businesses, which employ 40 percent of all workers. It’s also a big opportunity. Many employers still… [Read the full article »]
Sally Brindle has taken Total Accounts on quite the ride over the last five years. With eight staff taking care of 100 clients, they were recently awarded Bookkeeping Partner of the Year for WA at Xerocon 2018. And now with new technology allowing bookkeepers and accountants to work remotely from anywhere in the world, Sally… [Read the full article »]
Rewired is a community space bringing together some of New Zealand’s best and brightest small businesses that want to grow or expand globally. The community is nestled inside Xero’s new Auckland office in Parnell, offering a coworking area, an event space and support and mentoring from Xero. Here’s the team that is helping this community… [Read the full article »]
With less than two months to go until the UK is due to leave the European Union, there are still plenty of unknowns. And small business owners have got a pretty good idea of how any sort of uncertainty can impact business, particularly when it comes to cash flow. Strong cash flow management is a key… [Read the full article »]
Filing taxes is a core duty for accountants. It must be done correctly, compliantly, and efficiently – and if it isn’t, the accountant and their firm could face serious headaches down the line. It’s therefore not surprising that, according to Xero’s recent research, 56% of accountants are using tax administration software to help manage eFiling… [Read the full article »]
HM Revenue and Customs (HMRC) has confirmed that its Making Tax Digital (MTD) VAT service will be closed for scheduled maintenance this weekend through to Tuesday morning. The MTD VAT service will be closed from 5:30pm on Friday 8 February until 8:30am on Tuesday 12 February. During this period, there will be no access to… [Read the full article »]
A lot of people are resistant to change, but Danii Paladino, team leader of accounting services at Caveo Partners, isn’t one of them. After taking eight years out of the accounting world to raise her two children, Danii re-entered the workforce in a reception role at the 5-partner, 35-staff multi-service firm, Caveo Partners. Fast forward… [Read the full article »]
Phew, self-assessment season is over for another year! We know tax filing is a slog for so many UK accountants and bookkeepers. So we’re excited to bring UK tax to Xero, helping Xero accounting partners enjoy a much less stressful January next year. Our acquisition of Instafile in November signals a new approach to accounts… [Read the full article »]
With the Making Tax Digital (MTD) for VAT mandation date just weeks away, we’re pleased to announce that we’re adding a bridging software solution to our suite of MTD-ready products. MTD for VAT becomes compulsory for most VAT registered businesses with a taxable turnover above the £85k VAT threshold from 1 April 2019. But with… [Read the full article »]
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