Importance of cash flow

Keeping on top of your cash flow is extremely important.

 

A software programme which works directly with Xero to pull out accurate cash flow data is – Fluidly. #Fluidly provides intuitive cash flow forecasting and management powered by AI. Fluidly is for modern businesses that want to know exactly what their financial future holds and how to optimise it.

 

Whether it’s hiring a new team member, investing in new equipment or simply paying a bill, Fluidly gives a clear picture of your cash position so you always know where you stand.

 

For further information on how Fluidly can help you – get in touch http://bit.ly/33ozuWq #Fluidly #CashFlow #Xero Cash flow is King!

Benefits of Xero

Benefits of using Xero for Sole Traders

Making sure you have the right tools for managing your income is incredibly important for growing your business.

It might be tempting to use a spreadsheet for your accounting data. But this isn’t always the best practice. Accounting software like Xero helps you see your cash flow in real-time. Reports and graphs give you clear information and a sense of the big picture.

You will need software that grows with you. Helping with tasks like payroll and direct payments. And you will be able to share data with your accountant remotely.

As a Xero Gold Partner, we truly believe Xero is the best for businesses of any size. Xero has a wide range of benefits and as a sole trader, you don’t need bloated software with unnecessary features – you need a package that does what it supposed to do quickly.

At Premier Tax, we can help get your set up and ready for managing your account seamlessly. For advice and help, why not drop us a call on 01782 479699.

HMRC News

From April 2020, private sectors will need to check whether contractors need to pay income tax and national insurance contributions. Which means shifting the responsibility to the organisation rather than the contractor.

 

If you are wondering whether you’ll be affected by this or would like more information, then please call us on 01782 479699 to speak with one of our construction industry tax specialists.

 

#Contractor #HMRC #PrivateSector #Business #IR35 #Contractors #IncomeTax #NationalInsurance

Xero Accountant in Stoke

What is cloud accounting?

Using the internet instead of installed software brings many benefits – as we are always on the go, you can access your accounts from any device and be able to see real-time finances, wherever you are in the world.

Take advantage of all the services available such as; raising invoices, track expenses and manage your cash flow.

Utilise all the below services:

Bank statements feed directly into the software meaning that at the click of a button you can see how much money you have, what’s going out and what’s coming in.

It’s all backed up onto the cloud and takes up no server space, with no installation required, so no danger of losing your data.

Access anywhere at any time by as many people as you want, from anywhere in the world or just on your computer.

Invoices and statements can all be customised and sent at the click of a button so no need for expensive stationery or postage.

Awesome online support at no extra cost plus training videos are all available online

The smart phone app, Xero touch, allows you to photograph expense receipts and scan them directly into your accounts. You can also check who owes you money and call them up at the touch of a button.

New features are added all the time so if you want something, just ask and it may be in the next update!

Software is always up to date, no problems in using different versions.

User friendly, the software is aimed at the business user so it is easy to use. There are free training videos in case you get stuck!

Xero is designed to grow with your business and copes with everything from a one man band company through to a multi-site, multi-currency business.

Your accountant can see what is happening in real time so we have a better understanding of how your business is performing.

Fixed monthly fee means no upfront investment and you can have unlimited user and unlimited access.

Large range of add-ons which can enhance the software.

Spend less time with your head in the clouds and more time on Cloud 9. Xero is our Accounting Hero!

Find a tax advisor

With over 15 years experience in a Top 10 UK Accountancy Firm and experience working in various industries and the contractor environment, you can rest assured that we understand things from both the perspective of the industry that you work in and as professional taxation specialists, who can advise you along the way.

What do tax consultants do?

Tax consultants, also know as tax advisors, are experts in tax law, planning and compliance. They serve businesses and individuals alike by staying current on new tax law and positioning taxpayers for short and long term tax optimisation. A tax consultant typically expands on the role of tax preparer.

What is R&D Tax Credits?

What is R&D Tax Credits? And who is eligible?

Research and development (R&D) tax credits are a government incentive designed to reward UK companies for investing in innovation. If you are developing new products, processes or services – you might be eligible for R&D tax relief.

To be eligible, you need to be a limited company that is subject to corporation tax, have carried out qualifying research and development and have spent money on this.

We have started offering R&D Tax Credits and can check if your business is eligible for an incentive.

The benefits of cloud accounting

If you want your business to work smarter and faster, cloud accounting software is a wise investment. Working in the cloud can give you a better overview of your finances and improve collaboration with your team.

With Xero, you can access the cloud anywhere. Online accounting means small business owners stay connected to their data and their accountants. The software can integrate with a whole ecosystem of add-ons. It’s scalable, cost-effective and easy to use.

Thinking of making the switch? Let us help you get set up.