Latest News

Xero User News - The re-emergence of the economy post-COVID

As the economy begins to open up once again  - what does that mean for businesses and managing finances?  

Fixed Capital Accounts with Variable (but distributed) Current Accounts

We are finding there are a growing number of law firms approaching us that are looking to include a fixed capital amount in their shareholder or partnership agreements.

Don’t be caught out by HMRC on farm contractors

Jonathan York outlines the rules around IR35 for your farm contractors and explains why it is the farm owners responsibility to determine the employment status of those individuals.

HMRC and exit from lockdown

With lockdown easing and businesses now beginning to reopen, creditors will start to expect payment. So what does that mean for business owners? 

5 pitfalls for hospitality businesses to avoid when reopening

Partner, Richard Askew looks into some key issues for hospitality business owners to consider and some potential pitfalls to avoid whilst navigating a way back to normality and out of lockdown.

‘Farming is not a level playing field’

Murdo Laurie shares his clients' experiences of the AHDB’s Strategic Farms Programme which was launched in 2017.

Ultimate Crypto Currency Tax Guide

If you're considering investing in cryptocurrency our expert Grant Smith warns of the tax implications as HMRC does not recognise cryptocurrency as a currency and any gains will be subject to taxation.

Government Support for Businesses Restarting

A summary of extended and updated government financial support measures for businesses.

The trend towards performance related profit share

Traditionally, law firms have rewarded partners using either equal profit share or lock-step to equal profit share.  This approach has felt pressure in recent times, with more firms looking to incentivise and reward behaviours and performance, and also to attract and retain the best people.

An increasing number of firms are looking to implement at least an element of performance related profit share.  Some have done it and it has worked well for them, others have done it and have found it incredibly difficult and divisive. 

Approaching retirement - the importance of building a cash flow plan

Retirement can be daunting, whether its trepidation on whether your pension income will satisfy your spending habits, or the emotional journey of closing the book on the career in which you have worked so hard to achieve.