During this challenging period, many small business owners and their advisors are busier than ever. But while advisors and small businesses continue to feel the impact of COVID-19, the requirements of year-end remain. And, now more than ever, it pays to be prepared. As part of our series, ‘The sum of us’, the Xero team […]
The recovery starts now
Data from Xero’s Small Business Insights, has confirmed the impact of COVID-19 on UK small business revenue and employment. Amongst the UK’s small businesses, the analysis shows: Between March and May there was a 28% drop in revenue During the same time, there was a 6% decline in employment Late payments to small businesses increased […]
Take Advantage of These 5 Helpful Balance Sheet Ratios
Your business’s balance sheet can give you a snapshot of your finances and show you whether you’re on track for success. Without it, you might struggle to detect spikes in spending or see if your pricing strategy is effective. If you want to take things one step further with your balance sheet and see how […]
Kitces & Carl Ep 37: How A Mid-Career Crisis Can Turn Advisors To Focus On Public Work
Executive Summary No matter the industry or field, virtually all business owners have experienced the stress of just trying to stay afloat for the first (sometimes several) years of their existence. Those fortunate enough to get through those early ‘lean’ years, building a sustainable and growing business along the way, eventually feel a certain sense […]
Reigniting your business’ engine
With a hesitant sense of normality starting to return to most of the Australian business landscape and restrictions on trade lifting, there’ll still be some heavy lifting to get your business humming again. But hum it can. How have businesses changed? It may be no surprise to you as a business owner, but prevailing health […]
Defining Fee-Only And Proper Use Of Compensation Labels Under CFP Board’s New Standards Of Conduct
Executive Summary When purchasing a product or service, it’s only natural to want to know what it will cost. But in the context of paying for professional services in particular, “what you pay” isn’t only a matter of measuring the value (relative to what you get), but also of understanding the incentives of the person […]
Accountants initiate corporate finance discussion as VAT holiday ends
The VAT holiday period announced by HMRC in March ended today. Businesses will have until March 31, 2021 to pay their VAT bill deferred between March 20 and June 30 this year. As a result, accountants are now advising clients on how to prepare ahead of paying their VAT bill next year – particularly those […]
Celebrating Australia’s unsung heroes at tax time
As the financial year comes to a close, we thought it was important to celebrate our community of accountants and bookkeepers – who have undoubtedly had one of the toughest year-ends on record – with something a little different. So, we’ve released a music track to honour the industry’s monumental efforts in support of the […]
Latest product news – July
The past few months have been challenging and taught us a lot about collaborating in remote environments. We know we do our best work when we stay #human and connected to customers and partners, so we’re proud to bring you these new features as we discover new ways to work together and strive to make […]
Celebrating Xero in Canada
At Xero, Canada holds a special place in our hearts. As someone who has had the opportunity to see our business grow since we launched in May 2018, I wanted to reflect on the progress and journey Xero and our community of accounting professionals and small businesses have made during that time. In this short […]