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Its been a massive start to 2025! In February , we shared enhancements weve made to invoicing. We also heard your feedback, and so now you can automatically prepare partnership annual accounts and tax returns using Xero data and seamlessly file them with HMRC (read more in the previous edition of Whats New). Check out more in our quarterly wrap video below.
A year ago, we shared our vision to reimagine accounting using AI and mobile , recognizing the transformative potential for small businesses and the industry. As part of delivering on that vision, we launched Just Ask Xero (JAX), our smart and reliable generative-AI business companion, to make accounting tasks easier and save you time through simple conversation within everyday apps.
Firms everywhere are adopting alternative practice structures -- but who knows what an APS really is? William Kelly, chief counsel at Ascend, dives into the details.
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
Posted on March 07, 2025 If youre involved in managing a school or academy trust in the UK, youve likely heard whispers about the Procurement Act 2023. Despite its name suggesting its been around for a while, this piece of legislation only came into force a couple of weeks ago, on February 24, 2025. Its a big deal for anyone handling purchasing decisions, and its shaking up how schools and trusts buy goods, services, and works.
The landscape of financial operations (FinOps) is undergoing a transformative change as organizations embrace cloud technologies. A successful FinOps cultural change within a company isnt just about adopting new tools or processes; its about creating a financial mindset that permeates every level of the organization. This article dives into the insights shared by experts Dvir Mizrahi, previous Head of FinOps at Wix and Asaf Liveanu, Co-Founder & CPO at Finout on how to navigate the challenge
The landscape of financial operations (FinOps) is undergoing a transformative change as organizations embrace cloud technologies. A successful FinOps cultural change within a company isnt just about adopting new tools or processes; its about creating a financial mindset that permeates every level of the organization. This article dives into the insights shared by experts Dvir Mizrahi, previous Head of FinOps at Wix and Asaf Liveanu, Co-Founder & CPO at Finout on how to navigate the challenge
As the peak busy season ends in April, its time for accounting firms to shift their focus to whats nexttax team hiring. While your team is still in all-hands-on-deck mode, March is the ideal time to start preparing for the post-busy season transition. Laying the groundwork now ensures youre ready to bring in the right talent when the time comes. Assess Your Teams Workload As March progresses, its important to step back and evaluate your teams workload, even during the busiest time of the year.
Deep in the heart of busy season, you may not be feeling much empathy for clients who have been procrastinating and are so disorganized, but you should.
The prime cost is the total direct material and labor costs of producing a product or delivering a service. It helps you analyze how much these costs reduce your gross profit, making it easier to determine whether your expenses are within a healthy range. The formula for computing prime costs is as follows: Prime cost. The post What Is Prime Cost? Formula + Free Calculator appeared first on Fit Small Business.
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
Invoicing for freelancers is the most boring task! But technology has made it easy to handle complex billing with automation and in very little time. There are around 1.75 billion freelancers all over the world, and everyone has to send bills to clients in order to receive timely payments. This blog discusses 10 invoicing software for freelancers that will help them create and send invoices faster than before.
UBS France retaliated against its former auditor by sidelining him and refusing to promote him to executive director after he disclosed information to bosses.
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Larger businesses often have many advantages. Tons of locations, customer loyalty, brand recognition, cheaper bulk purchases from suppliers, bigger budgets you name it.
The 2025 tax season continues to evolve with significant changes at the IRS, new scam alerts, and updates to Corporate Transparency Act enforcement. Here's what tax practitioners need to know.
What happens when political changes collide with tax enforcement? In this revealing conversation, former IRS revenue agent Jeff Johnson shares his firsthand account of being caught in the recent mass layoffs at the IRS. Having just completed seven months of intensive training, Jeff was among 7,000 probationary employees suddenly terminated as part of a broader federal workforce reduction initiative.
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
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