Since the outbreak of Covid-19, business owners have worked harder on their businesses than ever before. Whether that involves hard work to keep up with demand, or hard work trying to keep afloat, everyone has definitely worked to their limit. Throughout the Covid-19 pandemic, we have all been thrown into unprecedented circumstances, meaning that we have had to adjust our processes and business procedures like never before.
The new normal
And now that ‘normality’ is slowly returning, here at Kirkwood Wilson, we are speaking to more and more people who are feeling burnt out with the stress of the last few months. We have been advising people to slow down and take stock.
As we have all been through very unusual circumstances in recent months, it is important to slow down our thought processes, limit our stress levels, and pause for a moment. As many of us know, some of our best ‘light bulb’ moments often happen when on a walk or in the shower, usually when you are away from your desk or laptop and having a moment of rest.
Whether you’ve been busier than ever before or your business has been so quiet that you may have thought about closing down, now is the time to hit pause and take a look at everything that has happened, what could happen again, and ways in which we, your accountants, can help.
Kirkwood Wilson are here to help
We are proud to say that we have helped so many clients to get their business fully set up in the cloud, with Xero, ReceiptBank for bookkeeping, stock systems, appointment software, invoice chasing software, virtual meeting software – you name it, we’ve done.
We recommend to our customers that by building up your bank of business apps, the easier it is to stay on top of all your accounting requirements. All of these types of apps and software help with the day to day running of your business online, sometimes eliminating the need for any extra staff, sometimes even eliminating the need for a business premises. What a saving that would be!
The biggest addition to our own ‘app stack’ is Futrli, which helps to manage cash flow which in turn helps you to better manage your business and do what you love.
In these new ‘different’ times, automation of so many simple tasks is one of the main priorities for many business owners. Without doubt, these are difficult times, for many different reasons. We recognise this, and we are here to help.
If you would like help putting together your own digital support please just get in touch with us today. We can help and advise on the best software and apps available. Call the team today on 01704 546000.
Shopping locally is something we all do, whether it is a conscious effort or another unconscious decision that we make. Being able to pop round the corner for the necessities in life is easy and something that we all rely upon. We can all agree that we wouldn’t go miles out of our way to buy our shopping for the week, so why would you do this when choosing your accountants? Locality is a crucial element to receiving top quality, reliable services, so we think choosing accountants in Lancashire might be the best decision for you and your business. Read on to see what the team here at Kirkwood Wilson have to say about this.
Benefits of choosing a local accountancy firm
When choosing the right accountancy firm for you, firstly, you want to ensure that you will have easy access to their experts. After all, if you are expected to leave your money in their hands, you want to make sure you can build a secure relationship with your accountant.
By aligning yourself with a local accountancy firm, you are allowing your business more chances to build a strong professional relationship with your accountant than would be possible if you invested in an accountants some distance away from you and your business.
Familiarity helps to strengthen bonds and relationships, which means having a local accountancy firm close to hand could strengthen your professional relationship with your accountant.
Another benefit that many wouldn’t consider is the local economy. By investing in a local accountant, your business will be making a conscious effort to keep money circulating in the local economy. By keeping money within the local economy, the positive impact in terms of jobs and prosperity can have a truly beneficial impact for all the businesses and people in the area.
Why choose an accountants in Lancashire?
Here at Kirkwood Wilson, we have many clients in and around the Burscough, Lancashire area and we know the true value of working with local clients. The team at Kirkwood Wilson put their clients first, as an utmost priority. We are happy to say that we tailor our services and packages around you to ensure you receive a bespoke package that is exclusively tailored to your needs.
We pride ourselves on our ability to offer high-quality services, from reliable business advice to up-to-date digital accounting services. For more information on the best accountants in Lancashire or advice on our digital accounting services, contact us today.
HMRC’s new ‘Making Tax Digital’ (MTD) policy has been introduced to enable businesses and individuals to organise their taxes correctly by utilising modern digital software. As we all know, in today’s modern age most things are moving online to make life easier and to provide a more environmentally friendly, paper-free approach to filing documents. This is why MTD was conceived and in order to accurately implement this policy, Making Tax Digital compatible software is a big must for you and your company.
Making tax digital compatible software
A significant element of HMRC’s Making Tax Digital policy is that businesses are required to implement a fully digital tax system. Therefore, it is vital that appropriate software is installed and utilised to comply fully. As provided on HMRC’s list of Making Tax Digital compatible software, Xero has been verified as completely MTD compliant.
Xero has specifically created new features that are designed with you in mind to ensure that the Making Tax Digital implementation is as easy and pain-free as possible. These new features are available in every package that Xero has to offer – at no extra cost.
Xero and Making Tax Digital
Since Xero has been working closely with HMRC over the last three years, they have recently implemented their MTD for VAT solution to assist businesses with becoming MTD compliant and to support them through this changeover. Xero has worked hard to produce a new VAT process that works in line with the MTD policy – just what every business needs!
The new VAT Solution includes:
- Additional reports
- VAT outlines
- The means to post VAT adjustments
- The ability to submit in real-time to HMRC
Xero software has been specially designed to make the move towards Making Tax Digital for VAT as effortless as possible. Xero not only caters to your invoicing, payroll, billing, and expenses needs, but it can also implement your online VAT processing system.
Xero has even put together a free training course for anyone who feels they require a walkthrough of the MTD journey, so they have everything needed to become an expert in MTD for VAT compliance!
For more information about our digital accounting services, or for a Making Tax Digital consultation, contact Kirkwood Wilson today. Call 01704 546 000 or email email@example.com.