Xero Accounting: Update your business

At TaxAgility, we understand the importance of proper finance management better than anyone. With online accounting soon to become mandatory due to the Making Tax Digital scheme (MTD), there’s never been a better time to update your account management. Xero – the right choice Xero Accounting gives you access to timely, accurate and relevant information at a low monthly cost. It’s an…

3 easy tips to make the most out of cloud accounting

The government’s Making Tax Digital scheme is fast approaching and with all businesses expected to be reporting their tax online by April 2019, time is running out to switch to cloud accounting. At TaxAgility, we have years of experience with Xero and Freeagent accounting software, and we’ve got a few easy tips to make your transition that much smoother. 1. Make sure everyone is involved When…

Accounting for small businesses

Starting up your own small business is a big achievement. You’ve invested in a project you’re passionate about, you’ve worked hard to establish a name, and you’ve developed a clientele. However, paperwork and official matters can make running a business more difficult. This is where TaxAgility comes in. What can we do for you? We, at TaxAgility, are experienced Accountants who aim to minimise…

Accounting & Bookkeeping for Contractors

On April 6th 2017 the new IR35 tax rule was made official. The goal for IR35 legislation is to ensure the people who benefit from tax savings are honest contractors while transferring those who should be ‘employed’ back to paying the correct PAYE payments. If you are a contractor affected by this new legislation, our Accountants at TaxAgility can provide help and advice. Contractors are…

Why so many SMEs are switching to Cloud Accounting

In this day and age, every business relies on some kind of technology to help with productivity. For example, we use a computer instead of a typewriter, we have a broadband connection as opposed to a dial-up. In this field of accounting, more and more SMEs are starting to move into cloud-based accounting systems like Xero. At TaxAgility, we have been using cloud accounting for some time now, and…

Making accounting & finance better for Restaurant Owners

You have made the important first step to own and run a restaurant. You have the passion and the motivation to see you through the long and challenging hours in a hot kitchen. However, when it gets very hectic, which is ‘par for the course’ in a busy restaurant, there’s a real possibility that your restaurant’s finances will drop down the pecking order in terms of priorities. This can be…

Tools for SME Accounting and Assessing Business Performance

Here at TaxAgility we’re the first to recognise that, despite the fact that keeping in regular contact with your accountant is the key to ensuring your small or medium-sized business (SME) remains in good shape, it’s still helpful to have access to certain accountancy and business assessment tools that you can take advantage of between meetings and phone calls with your accountant. For this…

Understanding Accounting Periods for Corporation Tax

Understanding your accounting period in terms of the Corporation Tax your company has to pay is essential in ensuring you pay on time, every time. Everything we’re going to touch upon below can be accomplished by your accountant, though in several instances they’ll need input from you in order to make sure all dates and monetary figures line up. If you’ve yet to hire an accountant, or you wish…

TaxAgility launch New Accounting App

A great new App free from TaxAgility accountants in London TaxAgility is one of the first accountancy firms in London to launch a free mobile Accounting App. As a business we are always looking for ways to improve the service we offer our clients and we are delighted to announce the launch of our new TaxAgility Accounting App. It’s completely free of charge to download and it is available for…

Why Does My Accountant Seem So Expensive? Here’s How You Can Help Keep Costs Down

As the Personal Tax Return season approaches, there’s a familiar hum of activity in the accounting world. Accountants everywhere brace themselves for the influx of last-minute requests, missing paperwork, and frantic clients racing against the clock to meet that January deadline. It’s a time of year when questions around fees and billing seem to pop up as often as the tax forms…