When you start using Xero, you’ll wonder how you ever managed without it. We’re big fans here at Taxlab and know how happy clients are when they can see their cash flow situation whenever they want, send online invoices, pay bills and run their businesses more effectively. While we set up the basics
Never lose sight of the bottom line
Make something people want … There’s nothing more valuable than an unmet need that is just becoming fixable. If you find something broken that you can fix for a lot of people, you’ve found a gold mine.Paul Graham, Founder of Y Combinator, Venture Capitalist and essayist at
Benefits of using a company
Limited Liability Protection A company and its owners are separate legal entities in the eyes of the law. In legal terms, this is often known as the 'veil of incorporation.' In practice, this means that a company's owners and directors are not responsible for the company's debts and cannot be
Making Tax Digital
What is Making Tax Digital (MTD)? Making Tax Digital is an initiative by the UK Government which seeks to improve the UK tax system. By digitising the process the HMRC believe this will make the tax system efficient and easier. Who is affected by MTD? The first phase begins on 1 April 2019
The role of social media
The term ‘social media’ encompasses a range of tools that we are familiar with in our lives - from Facebook and Twitter to LinkedIn we may use all, or some of them, every day. Organisations are expected to have a social presence. Finance cannot ignore this as just an activity for marketing - as