It has been a long wait for the Brydon Report, which has been greatly anticipated by those in the accountancy and audit industry. However, its eventual release on the 18 December, a week before Christmas and so soon after a general election, came as somewhat of a surprise. The 138-page report authored by Sir Donald […]

Two conservative MPs have written to Chancellor of Exchequer Sajid Javid, urging for a review into IR35 to “commence immediately”, before the new rules come into play. In his letter to Javid, MP for Wokingham John Redwood said that many of his constituents had expressed concerns before and during the recent election about the implementation […]

Executive Summary No matter how well a financial advisor may understand and is able to explain a concept, the fact is that different people have different learning modalities, and oftentimes, advisors need to incorporate a variety of presentation methodologies in order to help clients understand important concepts relevant to their financial lives. Sometimes it takes […]

The year ahead will undoubtedly involve a lot of change and uncertainty, but how can you prepare?  Accountants and bookkeepers will need to closely track the trends to stay ahead of changes in industry, regulation and policy.  Don’t worry, though; we’re here to help with four trends that we think will influence you and your […]

Running a business comes with inevitable tasks such as paying bills, a time consuming necessity. Batch payment files enable you to download an ABA file from Xero and upload it to your online banking site, saving you time by paying multiple bills at once. You can then easily send remittance to suppliers and reconcile your […]

This guest post was written by Joe Serrone, a Xero Silver Partner and Enrolled Agent & Tax Strategist at Polaris Tax & Accounting. Tax deductions are critical in order to reduce your tax liability because they directly reduce taxable income. Many small business owners are unaware of the deductions that are available to them so […]

The International Accounting Standards Board (IASB) has proposed that listed companies must standardise their definitions of operating profit in financial statements in order to help investors when making comparisons. The international standard setting body is also proposing a new rule that would regulate how companies explain certain performance measures that go beyond generally accepted accountancy […]

The year-long review into the British audit industry, undertaken by Sir Donald Brydon, recommends a breakaway from the accounting profession and the formation of a separate industry with its own governing principles.  The 138-page report, authored by the former London Stock Exchange chairman, makes 64 recommendations on how to increase confidence in the audit sector and prevent unnecessary corporate collapses. […]

As we approach the end of the year, I’ve been reflecting on the progress Xero has made in Canada and what lies ahead in 2020. The biggest takeaway I have for this year is there has never been a better time to be part of the Canadian accounting and bookkeeping community.  We first launched Xero […]