Xero misses key point on accountants
Why you need to call time on the ‘shoebox’ client
How you can start improving your small client profit margins “If I had the guts, I would get rid of all my sole trader clients. They are a real pain. But they still bring in significant revenue…” an accountant recently groaned to me. Sound familiar? Each year the 31st January Self Assessment deadline sees practices […]
MTD: When is the right time to prepare your ‘once a year’ clients?
Accountants may only have three chances to introduce clients to MTD On 21 July 2020, HMRC announced the next stages of the Making Tax Digital (MTD) project. The most significant news was the expansion of MTD rules to Income Tax: Self-employed businesses and landlords with annual business or property income above £10,000 will need to […]
How you changed accounting in 2019
In 2019 the way small businesses did their accounts completely changed But that’s not all – the way you prepared for your taxes changed too. What is this new approach and why are businesses switching? 15 years ago I started my first business as a sole trader so I know small businesses hate being stuck […]