Facing challenges in your small business? XSBI data shows you’re not alone

The latest Xero Small Business Insights (XSBI) data shows just how challenging conditions became for small businesses, and their customers, towards the end of 2023. We’ve summarised the major trends and also have some tips for you on how to navigate the current headwinds.   Despite improvements over the past year, inflation (or cost-of-living) pressures remained […]

Cash basis changes: How accountants can support their clients

The UK government ran a consultation during 2023 on the cash basis rules as part of its wider focus to simplify tax for small businesses. Right now, more than 66% of eligible businesses don’t officially use the cash basis, even though the government believes many may benefit from its simplicity. In reality, the number of […]

SWIFT Transfers: A Comprehensive Guide

Learn in detail the key aspects of the Swift transfer and why it is essential for global payment transactions to boost the performance of your company.