Guides and FAQs

FreeAgent’s latest updates

FreeAgent Everyone using FreeAgent that also bank with NatWest, Royal Bank of Scotland, or Ulster Bank NI now have access to Payit. Payit allows you to make a payment to any other…

Xero’s latest updates

Credit Control You can now set credit limits on your contacts, meaning that this function will block an invoice being raised, if your customer has reached their credit limit. The invoice will…

Step by step guide to auto enrolment

Under the Pensions Act 2008, every employer in the UK, regardless of industry, must put certain staff into a pension scheme and contribute towards it, this is called ā€˜automatic enrolmentā€™. To comply…

Guide to overseas transactions on VAT returns

The ā€˜reverse chargeā€™ calculation often causes confusion.Ā  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,…

Step by step guide to FreeAgent Payroll

Before you get started with payroll make sure your PAYE, Accounts Office, and business tax references are correctly entered under Company Details 1. Operating Payroll Go into your FreeAgent account Select My…

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.Ā  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.Ā  A record should be kept of each employeeā€™s…