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 major UK bank without leavi...
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 instead be rais...
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 ‘automatic enrolment’. To comply with the...
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, avoidi...
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 making the provision: 1. End ...
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 their current pay...
FreeAgent Guide – How to calculate VAT on fuel
FreeAgent is packed full of great features. Did you know that it can also calculate the VAT you can reclaim on your mileage for you? Just remember to provide the correct vehicle information when entering you...
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 leave and most of our...
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 ...