Xero Rapidly Becoming THE Small Business Platform

19th November 2018

At Xerocon 2018, held Wednesday and Thursday last week, we heard how the number of Xero Subscribers has now reached over 1.6 Million Worldwide.

 

Xero’s focus on becoming THE Small Business Platform is greater than ever, with recent market research confirming how users of Xero really do save time, in some cases as much as 6 hours a week!

 

The Xero product itself continues to evolve at a pace, including:

VAT for Making Tax Digital is Ready;
CIS HMRC Submissions direct from Xero is Ready;

A New User Navigation Interface is Ready;
A Lloyds Bank Direct Feed is Coming Soon.

 Revolutionising Small Business Financing

 

A focus on Small Business Financing is a new and exciting area for Xero with connected Apps such as Iwaca and MarketInvoice which fully integrate with Xero and are a source of Invoice Finance.

 

Barclays Increase Unsecured Lending Limit
While announcing a new Partnership with MarketInvoice, Barclays Bank confirmed they have increased their Unsecured Lending Limit to £100,000, up from £50,000.

 

To discuss any of the above news items or to learn more about how we can help you maximise the power of Xero please contact your local Whiting & Partners office where we have Xero Certified Advisors waiting to assist.



 
Other items in Blogs
 
Lisa Smith
29th September 2020 Extension to deferment of VAT due

On 24 September 2020 the Chancellor announced and extension to scheme allowing for the deferment of VAT for businesses affected by Corona Virus.  Businesses that took advantage of the arrangements to defer VAT payments due between 20 March and 30 June 2020 until 31 March 2021, will have the option to pay the outstanding amounts…

Read More »

Chris Kelly
25th September 2020 COVID-19 Business Support – Winter Economy Plan

  With the Autumn Budget cancelled the Chancellor has announced a Winter Economy Plan introducing a package of measures to support businesses.   The highlights are:   The Coronavirus Jobs Retention Scheme (CJRS) – Will end as planned on 31 October 2020.   A new Job Support Scheme – To support viable UK employers who…

Read More »

Steven Denton
25th September 2020 HMRC Job Support Scheme (JSS)

On 24th September the government announced the launching in November of the Job Support Scheme to replace the existing Furlough Scheme that is feted to end on 31st October. The JSS is to run from 1st November through to 30th April, but initial rules may be amended after three months.   To qualify for the…

Read More »

Matilda Mawson
25th September 2020 2019/20 Pension Savings Statement – Request yours today!

  If you have made contributions to a registered pension scheme of more than £40,000 in the tax year, your scheme administrator should automatically send you a pension savings statement by 6 October 2020. This will detail your total pension input for the 2019/20 tax year as well as your pension input for the 3…

Read More »

Ian Piper
24th September 2020 Corporation Tax due soon: Not necessarily.

Companies with 31 December 2019 year ends will be due to pay their corporation tax on 1 October 2020. If that company is expecting to suffer a loss during the 2020 financial year, perhaps due to COVID-19 related reasons, it should be possible to carry that loss back one year and claim a refund of…

Read More »

Ruth Pearson
17th September 2020 Fuel Rates From September 2020

HMRC have updated the latest company car advisory fuel rates. These rates apply from 1 September 2020.   The guidance states that you can use either the previous or current rates, for up to one month from the date the new rules apply.   The new rates per mile are below: Engine size Petrol LPG…

Read More »