Xero
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Xero
At Abbey Accountants we are proud to be associated with Xero, an extremely cost-effective and user-friendly online accounting package. Set out below are just some of the benefits of using this software and if you’re looking for software which updates automatically without extra costs and enables you to focus on your business, Xero might just be the solution.
- VAT returns can be sent electronically to HMRC via the system and it is compliant with the new UK Making Tax Digital (MTD) tax system.
- It is fairly easy to use.
- It is cloud base so available online 24/7 through any internet enabled device (computer/laptop/tablet/mobile phone).
- You can give up to 20 people different levels of access into the system.
- It has bank level security which in this day and age is all important.
- The businesses bank account statements/entries can be directly fed into the system so there is no manual input required in this connection (some banks make a nominal monthly charge for this).
- Invoices can be raised on the system and either emailed or printed out and posted to customers/clients.
- Receipts/expenses invoices can be photographed/ scanned or emailed to another piece of software that we as a practice provide free called HubDoc and this can be in turn fed into the Xero system. What this means is that you can drill down into any purchase/expense. entry on the Xero system and see the actually underlying expense receipt or purchase document which is an extremely useful function.
- The ability to add the function of Paypal to enable you to get paid on time.
If you are interested in finding out what Xero can do for you and your business give us a call on 01992 642024 or click on the Xero icon below to visit the Xero website for more information.
Our staff can make sure you maximise your exemptions while demystifying the complex world of capital gains tax, whether you're considering investments, a second home, or another asset.
Every year, corporation tax rates and reliefs vary, so we make sure we can offer all the necessary assistance and advice when examining potential exemptions, allowances, and deductions. In order to make sure you are in compliance and avoid fines, we will carefully evaluate and produce corporate tax filings.
Whether you're considering investments, a second home, or another item, our staff can make sure you maximise your exemptions while demystifying the complex world of capital gains tax.
We can help walk you through the complicated subject of personal taxation, we are aware that it can be challenging to grasp, therefore we support you every step of the way. By developing a tax planning approach that works for your tax situation and helps ensure you pay the least amount of tax, we eliminate the time and worry involved. Our staff will provide guidance on when payments are due in addition to what paperwork must be submitted and returned in order to maintain compliance.
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Latest news from [Company name]
From October 2026, companies will have to comply with new rules on trade unions introduced as part of the Employment Rights Act.
The tax rules on Benefits in Kind (BIKs) are changing. From 6 April 2027, Phase 1 of HMRC’s ‘Mandatory payrolling of Benefits in Kind and expenses’ comes into force. Phase 1 will apply only company cars, car fuel, vans, van fuel and medical benefits.
Energy regulator Ofgem has announced a 4% increase in the energy price cap for the period covering 1 October to 31 December 2026. This increase reflects higher wholesale gas prices due to the ongoing conflict in the Middle East, with volatile global gas markets remaining the dominant driver of price changes.
UK businesses are facing a “cost of business crisis”, according to the British Chambers of Commerce (BCC). Its new cost-stack calculator shows government policy alone has pushed up an average firm's expenses by 70% over the past decade, adding roughly £827,000 a year in costs for a typical mid-sized business. About a quarter of the rise stems from the increase in employer National Insurance contributions, with the higher minimum wage and mandatory pension auto-enrolment also major contributors.
Under Making Tax Digital (MTD) for Income Tax, sole traders and landlords with income of more than £50,000 have been required to keep digital records and send quarterly updates to HMRC since 6 April 2026.
The UK jobs market showed fresh signs of strain in the latest labour market figures, published by the Office for National Statistics on 18 August 2026.
Those who have turned their hobby into a side hustle are being reminded by HMRC that their income from these activities may be taxable.
The Information Commissioner's Office (ICO) has carried out searches at residential and business premises across the UK as part of an investigation into suspected nuisance marketing linked to car finance mis-selling claims.
