Companies across the accountancy field are currently working more efficiently, with some suggesting they may continue to working from home after the government’s restrictions are lifted. “The staff have been listing all of the positive things that they found about working digitally. This ranges from everything – from saving on commuting expenses and having better […]
Hard Choices: Making Key Business Decisions To Preserve Culture In Times Of Crisis
Executive Summary In the wake of the Coronavirus pandemic, many financial advisory firm owners are facing tremendous uncertainty about the future of their businesses. And even those business owners who have planned ahead for cyclical downturns may still have to make hard choices about how best to navigate the current turmoil and ensure the long-term […]
Weekend Reading for Financial Planners (Apr 11-12)
Executive Summary Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with the news that, with the explosive popularity of the $350B Paycheck Protection Program (PPP) for small businesses over the past week, Treasury Secretary Mnuchin is already seeking a $250B expansion to ensure that the dollars don’t […]
7 Bookkeeping Tips for Small Businesses
As a business owner, you’re responsible for staying on top of your business’s books. If you have up-to-date and accurate accounting records, your company will be on the road to success. But if you fail to focus on your accounting tasks, your business can quickly sink before it has the chance to grow. To help […]
Kitces & Carl Ep 32: Communicating Triggers And Breaking The News That The Plan Has To Change
Executive Summary Now that the initial shockwaves of the coronavirus pandemic have passed, and individuals around the globe are adjusting to the current state of affairs, financial advisors are immersed in the process of updating clients’ financial plans to understand whether or how the recent market volatility has actually impacted them. As while the perpetual […]
A message from Steve Vamos: Staying connected through COVID-19
To our Xero community, We’re facing a truly unprecedented time as COVID-19 impacts every aspect of our lives. Xero is here to help and support you throughout this time. I have recorded a message below to outline what we are currently doing to get through this together. Myself and the Xero team would like to […]
Using Economic Injury Disaster Loans (EIDLs) And Payroll Tax Breaks To Supplement (Or Replace) Paycheck Protection Program Loans
Executive Summary Last month, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by Congress, introducing a $2 trillion emergency fiscal stimulus package to provide relief to individuals, businesses, healthcare providers, and government entities from the economic damage resulting from the Coronavirus pandemic. While many advisors have become intimately familiar with the $349 […]
JobKeeper and Xero Payroll: How we’ll make it simple for you
If you’re an Australian business, you may have heard about JobKeeper. The federal wage subsidy will be a lifeline for small businesses, and it will also add a layer of compliance. That’s why we’ll be enhancing Xero Payroll this month to make processing JobKeeper payments simple and let you focus on your business. Read on […]
Xero HQ Payroll is now live
Xero HQ Payroll helps accountants and bookkeepers stay on top of their clients’ payroll and compliance, with a single aerial view of all payroll tasks. It makes payroll work easier, faster and more efficient, so you can spend less time hunting for information and more time supporting your clients through this difficult time. Unlike spreadsheets, […]
What Is an Audit Trail, and How Does It Impact Your Business?
As a business owner, you’re responsible for recording your company’s transactions. And to support your entries, you should be keeping adequate documentation. This accounting documentation acts as an audit trail for your business. Read on to learn what is an audit trail and why it is essential for your small business. What is an audit […]