Guide to overseas transactions on VAT returns

The ‘reverse charge’ calculation often causes confusion.  It applies when a UK business buys services from abroad. The basic principle is that the customer deals with the VAT rather than the supplier,…

Xero guide: Corporation Tax

The first key thing to remember is to ensure everything is completed for the month that you are making the Corporation Tax provision for. Here is a checklist to look over before…

Guide for employers: Xero Me and payroll

It is your responsibility as an employer to provide your employees with their payslips each month.  Currently there is no automatic system for this in Xero; your staff are not notified when…

Guide to employee holiday accruals

Holiday management can be a real headache, particularly when it crosses over with other forms of leave, such as sick leave or parental leave.  A record should be kept of each employee’s…

Guide for Contractors: HMRC Temporary Workplace Rules

Contractors travelling to and from a client’s site must comply with HMRC’s temporary workplace rules if they wish to claim travel and subsistence expenses against their taxable profits. In general if travel…

Simple guide to the Persons of Significant Control (PSC) register

UK companies, Societates Europaeae (SEs) and limited liability partnerships (LLPs) are required, by law to identify and record the people who own or control their company. Companies, SEs and LLPs need to…

Guide to director’s duties and responsibilities

Company directors are responsible for the management of their companies. They must act in a way most likely to promote the success of the business and benefit its shareholders. They also have…