Everything you need to know about paying and receiving international currencies

The boom in connectivity over the past 20 years has a huge impact on how and where we do business.

International trade is a vital part of the UK economy, with exports of goods and services reaching over £600 billion annually.

Your international clients will undoubtedly prefer to use their own currency when interacting with your business. Being able to accommodate them and complete transactions smoothly, will benefit your business relationship.

It truly is a global marketplace, and this article will explain what you need to know about dealing with international currencies.

XERO: Understand how to reconcile expenses paid via Cash or a Personal Card

This article will address one of the most frequently asked questions we hear from our clients: How do I reconcile business expenses paid for with cash or a personal card?

We’ll show you a step-by-step of how to get your Xero portal up to date.

Meet Dext Prepare, Your New Receipt Bank
Editor | 14 May 2021
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Formerly known as Receipt Bank, Dext Prepare is one of the most popular software systems for tracking cash-flow.

Have you got envelopes or filing cabinets overflowing with random receipts? Do you spend more than a few hours on financial admin each week? Does thinking about expenses and cash-flow fill you with anxiety?

If you answered yes to any of these questions then Dext Prepare could be the perfect solution to capturing, tracking and saving receipts, helping you get on top of your finances.

How small firms should respond to the Chancellor’s new budget

Last week, the Chancellor delivered one of the most significant budgets in recent memory. Before the budget was released, the Government were keen to stress that some tax rises would be needed to help pay for the coronavirus response.

Many small firms will avoid one of the biggest tax hikes, but how should self-employed people, limited company directors and other small business owners be looking to respond to the budget? We’ll look at the most important changes and how they could affect your business below.

Along with our regular in-house software training sessions and technical updates, the main focus of our training plans at the beginning of this year is understanding how post-Brexit Trade impacts on our clients.

How an accountant will benefit your business

Unsure about whether your business is ready to hire an accountant?
Read on to understand the benefits of hiring a professional when it comes to your business filings.

Use automatic invoice reminders to get paid faster with Xero

Waiting to get paid is one of the most frustrating things about running a small or medium-sized business.

A study by the Federation of Small Businesses (FSB) found that UK small businesses are owed an average of £6,142 - mostly by larger firms.

Sometimes, raising and chasing invoices can feel like a full-time job in itself, even if you’re using time-saving software like Xero.

If you’re struggling with late payments or you want to spend less time on the monthly financial admin, using automatic invoice reminders could help.

Where will your business be in 5 years?

Now more than ever, future planning is a vital part of a successful business.

Knowing where you want to be in the future will help with decisions today and give you motivation on the hard days.

You wouldn’t start a journey without knowing which direction to follow; the same applies to your business!

We’ve put together a guide to help you produce your 5-year plan and create a roadmap between today and your future goals.

Business ideas with the biggest earning potential in 2021

Coronavirus disruption contributed to an uptick in the number of new business registrations in 2020 and experts predict more of the same this year.

Obviously money isn’t everything when it comes to entrepreneurship. Many people start businesses because they want more freedom or independence or because they are passionate about a side-project or product, but if your new business venture doesn’t make any money, then it’s not going to be sustainable.

So what kinds of businesses are going to make you money? Here is our list of businesses with the biggest earning potential.

VAT: An introduction for small businesses

Registering for VAT can feel scary for businesses, but it is an essential part of growth. In this brief introduction to the tax, we give you all the most important information to help you grow more comfortable with the tax.

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