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Your 10-step checklist for end of financial year in 2024

Xero

We know end of financial year is a busy time, so we’ve prepared a quick 10-step checklist to help you cover your bases at the end of FY24 and start the new financial year off strong. If you’re using Xero, you can find more helpful information in our handy guide for getting ready for financial year end.

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Get set up for the new tax year with Xero Payroll

Xero

Small businesses in the UK have shown tremendous resilience over the last few years. That’s why we have prepared some resources to guide you through a frictionless payroll year end, and be ready for the start of the 2023/24 tax year. This will ensure that all the information submitted to HMRC is correct.

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Prepare for Making Tax Digital for Income Tax with Xero’s ITSA Academy

Xero

In place of the annual Self Assessment , clients will need to send the following every tax year: . One End of Period Statement . One Final Declaration. Digitalisation increases efficiency, so you can take on new clients, provide additional services, and future-proof your practice. End of Period Statements.

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What the 2023 Autumn Statement Means for Making Tax Digital

Xero

HMRC is tweaking the design of these updates to make it easier for you and your clients to amend and correct errors throughout the tax year. Each update will include a total of income and expenses for the tax year so far – meaning the final update in a tax year will include 12 months’ worth of records.

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How BDO and Xero help a McDonald’s franchisee grow her business

Xero

When she was 15, she spent three years working for her father at his McDonald’s franchises and learned firsthand the rigor and work ethic it takes to make it in the restaurant industry. . After several years living outside Canada, she decided to return and learn more about the business from her father. The move to cloud accounting.

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Announcing Xero Go: Our new app for UK-based sole traders

Xero

It was so exciting to be back on stage at Xerocon London this morning for the first time in nearly three years. Meanwhile, accountants and bookkeepers servicing sole traders can meet increased reporting requirements efficiently, thanks to the digitisation of expense records and income data provided by Xero Go.

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Building for the future with Best Accountancy Services (Plymouth) Ltd and MTD for ITSA

Xero

The road to Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is long and winding, but the end is in sight. We spoke with Alexa Whyatt, Personal Tax Manager and Macauley Brammer, Personal Tax Senior at Best Accountancy Services (Plymouth) Ltd , who have successfully onboarded five clients using Xero’s MTD for ITSA product.

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