During this challenging period, many small business owners and their advisors have never been busier. But while the impact of COVID-19 continues to be felt, 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 is exploring […]
Purchasing System: A Fresh Way to Manage Your Business’s Inventory
As a business owner, you need an efficient way to monitor your inventory and determine how much to buy and when. One way to do this is by utilizing a purchasing system. Read on to learn about purchasing systems and how they work. What is a purchasing system? So, what is a purchasing system exactly? […]
Kitces & Carl Ep 36: Protecting Your Own Self-Confidence As A Financial Advisor
Executive Summary When markets turn volatile and clients get stressed, at best, financial advisors face their own stress in trying to help clients stay the course; at worst, they absorb the ‘blame’ from clients who are unhappy with economic and market outcomes beyond the advisor’s control. And when clients turn negative, it is easy for […]
New features and old favourites: my tips for advisors this EOFY
This is a guest blog written by Kylie Parker, Xero partner and Director at Lotus Accountants I’ve been an accountant through the global financial crisis and the implementation of GST. Put those two things together and multiply them by ten, and that’s what it’s been like these past three months. The level of change and […]
The New Fiduciary-At-All-Times Obligation For CFP Professionals
Executive Summary By definition, “advice” is a recommendation to someone about a prudent course of action to improve their situation or achieve their goals, which by its very nature is delivered by the advice-giver in the interests of the person receiving the advice. As a result, professionals from law to medicine to accounting to investment […]
Achieve greater speed and accuracy with enhancements to CIS in Xero
If you’re in the UK construction industry, using the Construction Industry Scheme (CIS), Xero can help reduce the administrative burden and paperwork. We’ve just made some improvements, which mean you can now: Run a CIS audit report for ease of checking and greater insight into monthly return numbers Verify subcontractors from within Xero Calculate CIS […]
Tax conversion services make switching simple at EOFY
If you’re an accountant or bookkeeper who’s been considering a switch to Xero Tax, there’s never been a better time to make the move. Our Partner Consulting team now offers four packages that make the transition to Xero Tax seamless and economical. And with this EOFY shaping up to be one of the busiest in […]
5 Tips for Keeping Business Records
Strong recordkeeping skills? You’re in business. Poor recordkeeping skills? Time to step it up. Keeping business records is an important part of operating a healthy business, making decisions, and being eligible for business tax credits and loans. 5 Tips for keeping business records Whether you’re filing taxes or applying for PPP loan forgiveness, you know […]
#FASuccess Ep 181: Pivoting To A New And Better Marketing Approach After Your First Niche Misses, with Benjamin Brandt
Executive Summary Welcome back to the 181st episode of Financial Advisor Success Podcast! My guest on today’s podcast is Benjamin Brandt. Benjamin is the founder of Capital City Wealth Management, an independent RIA based in Bismarck, North Dakota that oversees $60 million of assets under management for nearly 80 households. What’s unique about Benjamin, though, is […]
Increasing Client Referrals By Scaling Your Internal Marketing Brand
Executive Summary Established financial advisors who aim to accelerate the growth of their firms often look to increase their marketing efforts to attract more prospects and bring in additional new clients. In practice, this is often done by taking the main components of a firm’s brand – value, verbal messaging, and visual design – and […]