John McLaughlin

xero benefits for small business

Xero benefits for small businesses

What is the benefit of Xero accounting software for a small business? Over two million people worldwide use Xero cloud accounting software. Xero benefits for small businesses include online access from anywhere, unlimited users, data security, and integration with hundreds of other apps. Small businesses can access state-of-the-art online software for a small payment per …

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furlough

Furlough is dead

September is the last month for furlough claims The Government are pulling the plug on support to employers for furloughed staff at the end of September as they anticipate that the economy will be back to normal by October. The grant claims for employees furloughed in the month of September are 60% of the employee’s …

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MTD

Abolition of basis periods and new tax year end?

Abolition of Basis Periods Along with the impending introduction of Making Tax Digital (MTD) for unincorporated businesses and landlords the government made a significant announcement on 20 July that they would abolish basis periods for unincorporated businesses for the 2023/24 tax year to simplify MTD reporting. That change would apply to sole traders, partnerships, as …

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Sole Trader vs Limited Company

Sole trader vs. limited company – which one is best for you?

Is it better to trade as a sole trader or a limited company? Many startups start as a sole trader and later incorporate (move the sole trader business into a newly formed limited company). Many articles on the internet discuss the advantages and disadvantages of trading as a sole trader vs. a limited company. Most …

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freeagent vs xero which is best accounting software

FreeAgent vs Xero – Which Accounting Software Is Best?

FreeAgent vs Xero As Chartered Accountants, we regularly get asked about which cloud-based accounting system is the best for their business or situation. We have over ten years of experience in all the major online accounting software packages. We have formed some pretty clear opinions on the subject. We have settled on recommending Xero to …

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