In this video, I am talking about how we can use Xero accounting software to know the financial position of our business within the next 7 days or the next 30 days. The feature is very simple to use and gives you insights into your cash inflows (receipts from your customers) and cash outflows (bill payments to
As 31st January is approaching, people in the UK will have at their back of minds to submit the self assessment tax returns to HMRC. What is a Self Assessment Tax Return Self assessment is a way to declare and submit your income and expenses for the year to HMRC in the United Kingdom. The
Well, referral system if it may be called, however, I would call it our spreading joy scheme for our valued clients. That was what I told my colleague at our morning coffee meeting. But Talha, why not call it a simple referral scheme?, he said. Let’s see how do we get our clients mostly, through
Not long ago, we saw the trend of small & medium businesses to get an online presence through a website and linking it with their CRM. Well, lets take a step further. Nowadays, cloud based file sharing and online accounting is the trend. Mobile technology & smart phones have triggered this change. Online drives like
In the UK, there are 3 different rates of VAT and you must make sure you charge the right amount. Standard rate Most goods and services are standard rate. You should charge this rate unless the goods or services are classed as reduced or zero-rated. This includes: any goods below the distance selling threshold you
How does VAT works? This Question “How does VAT works?” comes in mind of all business owners. VAT charged on things like: business sales – for example when you sell goods and services hiring or loaning goods to someone selling business assets commission items sold to staff – for example canteen meals business goods used
