HMRC expects everyone who has been sent a ‘Notice to File’ to submit a Self Assessment…

Xero Smart Lists is a feature found in Contacts that allows you to categorise customers. Xero provides…

Higher Income Child Benefit Charge allows HMRC to take back Child Benefit from families where…

Do I need to declare PAYE on my Self Assessment?

Assuming there is retained profit after tax in the business, Directors can vote dividends whenever they like…

Capital Gains Tax on property must be reported and paid to HMRC within 60 days of the date of completion of the sale.

Government Gateway is a portal through which you can access HMRC services…

Wages on Xero should be reconciled to ‘Wages Payable’.

The 31st July 2023 deadline for topping up NI contributions for State Pension explained.

The following guidance applies to VAT Returns that start on or after 1st Jan 2023.

Under Cash VAT, the calculation is done on the basis of the date when Invoices and Bills were paid.

No. Expenditure incurred in running a business is tax deductible.

How to reconcile refunds on Xero

There are two ways to close a company, insolvency and striking off.

How to calculate vehicle cost claims.

Xero itself does not provide functionality to make payments from the platform. However a number of Add-ons are providing that

Yes. A company can conduct any number of businesses under one company.

The company car costs tha t are allowable for a Ltd Co.

HMRC expect anyone who is trading (selling goods or services) to register as Self Employed.

Duplicate records can appear when there are two records of the same transaction.