Making Tax Digital? No problem
Worried about Making Tax Digital? Some people are – but there’s a very simple way to deal with it.
Just make your accounts digital. And reap all the benefits that go with doing that.
So it’s no surprise that Haywood Accountancy
Using Xero, it’s possible to complete your digital tax returns online virtually at the touch of a button. (Though
Getting your tax right…
Of course, like any other accounting system, Xero is only as good as the information you give it. So it’s important to take care of the basics. Luckily that isn’t difficult – and with the right help from your
Take expenses, for instance. Forget about collecting mountains of paper receipts. Just scan each receipt with your smartphone, as soon as you can, and send it straight to your Xero account. If you’re an employer you can use the system to monitor and approve everyone’s expenses. You can even set up messages to let them know what’s happening with each claim.
Bank reconciliation is easy, too. With the majority of business
Even so, it’s worth getting this work done professionally. Firstly because that will ensure it’s done correctly (and in a way that will satisfy HMRC). Secondly because, even though it’s quick and easy, it is still not the best use of your time as a business owner. And thirdly because, with Haywood Accountancy, professional help goes much further than simple bookkeeping and reconciliation.
…and getting your business right
Growing your business means taking time to think – time that you’re not wasting by doing routine chores that someone else could do just as well. Because these days it’s almost a cliché to say that if you spend too much time working in the business you won’t have the time to work on it.
But the best plans are always made with the best information – and, again, that’s what you can expect with up to date digital accounting. Xero gives you an instant digital snapshot of what’s happening in your business. Balances. Future
That’s good. What’s better is that Haywood Accountancy will help you interpret those figures – and build the custom reports that can give you the specific information you need to make the right decisions. Including decisions about tax. Xero makes it easy to work out your likely tax liability. To see how much you’ve already set aside, and how much you can afford to set aside from your predicted
Like to know more? Then give us a call on 01284 330 123 or send us an email. We’d be delighted to discuss your requirements.