With the way we work constantly changing due to COVID-19, some enterprising people have used the extra time to make money through the sharing economy or by establishing a side hustle. If that’s you, then doing your tax return may be a little different this year. We teamed up with bookkeeper Jo Doye from Alluvia […]
The latest enhancements to the Canadian GST/HST Return
Last October, we were excited to announce the release of our GST/HST returns for Canadian subscribers. Since then, we’ve been actively collecting and monitoring customer feedback to understand pain points, and prioritise the next wave of features requested by the community. Over the last month, we’ve worked hard to release those features, to help make […]
The 411 on Employee Equity: Offering Equity to Your Team
When you pursue your passion and start your business, you may not necessarily have the budget to hire your dream team right away. Because of a small business budget, some startup owners use employee equity as an incentive. Read on to learn the ins and outs of employee equity and what options you can offer […]
Using Xero “has meant we are better equipped to assist our clients through this new normal”
The award-winning accountants at BHP have a broad range of skills, including a variety of specialist services. They’re also always looking for more efficient ways to serve their clients. The firm recently revised its year-end accounts compliance process to take place entirely within the Xero ecosystem. The company, which employs more than 350 people countrywide, […]
New Disclosure Obligations For Informed Consent And Other Reporting Requirements Under CFP Board’s New Standards Of Conduct
Executive Summary One of the fundamental challenges that professionals face when providing recommendations to consumers is that the recipient may struggle to fully understand the ramifications of their decision about whether or not to accept and follow the recommendation in the first place. After all, professionals tend to be engaged with respect to matters that […]
Office reshuffle and digital transformation top firms’ agenda
“I used to say in my team meetings within the firm that when they were last in the office, they looked around and saw what it looked like. That will probably be the last time they ever see an office look like that again,” says Martin Clapson, managing director at Price Bailey. Following government guidelines, […]
To pay or not to pay, what are the options for your upcoming tax bill?
To help businesses and self-employed workers manage their cash flow during the pandemic, HMRC are deferring VAT payments that become due between 20 March and 30 June 2020. In addition, the second self-assessment payment on account for the tax year 2019/20 due on 31 July can be deferred until January 31, 2021. No interest or […]
Take control of your payroll this EOFY
It’s that time of year again – and if you’ve opted into Single Touch Payroll (STP), it’ll be the easiest one yet. Whether you need to produce payment summaries (for the last time ever) or if you’ve already gone paperless and begun your STP journey, we’ve got you covered with some easy-to-follow steps to keep […]
Stronger together: how this digital practice is supporting both clients and competitors
Xero partner and Cape Town-based accountancy firm, SMTAX, has, like the rest of the country and the world, faced an uphill battle in responding to coronavirus-related challenges. Despite these turbulent times, they have managed to provide unwavering support to their clients and others in need. South Africa’s Minister of Finance recently granted accounting professionals ‘essential […]
How child education company Role Models moved their business online
As the lockdown began, Role Models had to make rapid changes to continue to bring their life skills courses to children around the world. Fortunately, the company succeeded in moving its resilience and growth mindset-based classes online – and they have seen major growth in applications. For founder and managing director Hugo Shephard, this has […]