How Can Xero Meet Your Construction Industry Scheme Obligations?
If you are a construction business in the UK, you have to comply with tax rules set by the Construction Industry Scheme (CIS): HMRC - Construction Industry Scheme. The CIS applies to contractors, subcontractors and any business that has a high annual spend on...
Making Tax Digital – are you compliant? We answer your key questions
Making Tax Digital for VAT (MTD for VAT) is now live. Businesses with a taxable turnover above the £85,000 VAT registration threshold come within the new rules, and must comply with the initiative or face enforcement action. Here, we answer some of your key MTD for...
Use Receipt Bank to Save Time on Invoice Processing
Many small businesses and SMEs lose money every year due to unclaimed expenses such as lost receipts – however, with Receipt Bank you can guarantee that you will never lose a receipt again! Receipt Bank is an App which integrates seamlessly with Xero and works by...
Making Tax Digital – Is Your Business Ready?
What is MTD? Making Tax Digital (MTD) is a HMRC initiative which is designed to ensure that the UK tax system is effective, efficient and easier for tax payers to get their tax right – HMRC’s ambition is to become one of the most digitally advanced tax administrations...
SMEs in the UK are Unmindful of Risks Posed by Cyber Attacks
UK SMEs 'unmindful of risks posed by cyber attacks', poll suggests A poll commissioned by insurance firm Aon recently suggested that UK small and medium-sized enterprises (SMEs) are 'unmindful of the risks' that cyber attacks and data breaches pose to their business....
Celebrating Gold Partner Status with Xero
We are extremely proud and delighted to achieve Gold Partner status with Xero, the award winning cloud accountancy software provider. Reaching Gold Partner status illustrates Horsfield & Smith’s investment and commitment to Xero and to becoming a digital practice....