Xero Training – self-taught or professional training?
Navigating bookkeeping on Xero poses a crucial decision: one can either embark on a self-guided journey with the help of some online tutorials or opt for structured, professional training. In this article, we dissect the disparities between these approaches, to help individuals make informed decisions. Whether you’re a business owner seeking to streamline operations or […]
Efficient Financial Year End Services
At NRB we pride ourselves as working as efficiently as we can to give our clients the most up to date and relevant advice we can within their financial year end. Efficiency in Action As a demonstration of this philosophy we have already completed five financial year ends ending in March 2024. In addition to […]
Streamlining Bookkeeping with Personalised Invoice Templates
In the dynamic realm of modern business operations, efficient bookkeeping is paramount to sustaining financial health and driving growth. One indispensable tool in this arsenal is a well-designed invoice template. Additionally, for businesses harnessing the power of Xero, customised invoice templates can be a game-changer, offering streamlined processes and enhanced professionalism. Understanding the Invoice An […]
Changes to Registered Office Addresses
As of 4th March 2024, Companies House, introduced new rules governing registered office addresses. These changes mark a significant development in the regulatory landscape for businesses across the UK. They are aimed at enhancing transparency, accountability, and efficiency in corporate governance. However, opinions on the new rules are divided, with proponents highlighting their benefits, while […]
Management Accounts: Importance for Business Operations
In the fast-evolving business environment, where informed decision-making is crucial for success, management accounts play a pivotal role in providing valuable insights and facilitating strategic planning. Why Businesses Need Management Accounts? Management Accounts serve as a vital tool for businesses, offering invaluable support for decision-making processes. By providing up-to-date financial information and analysis, they empower […]
Identifying Inefficiencies and Boosting Productivity
Identifying inefficiencies and devising strategies to enhance operational efficiency are crucial elements for achieving business success. This article offers practical insights into spotting inefficiencies within your business operations and demonstrates how to effectively utilise apps to streamline processes, ultimately enhancing productivity and efficiency. Identifying Inefficiencies: Areas for Examination Workflow Bottlenecks: Pinpoint areas where tasks slow […]
First Steps in tackling bookkeeping
Bookkeeping is the recording of financial transactions, keeping on top of the day-to-day money related tasks within your business. In order to operate successfully, all businesses will need to carry out some form of bookkeeping. When starting your business, it is good practice to keep on top of your bookkeeping from the start to ensure […]
Extension of MTD Requirements
From 6th April 2026, businesses, self-employed individuals, and landlords with an income of more than £50,000 will be required to keep digital records and provide digital quarterly updates on their income and expenditure to HMRC through MTD compatible software. For those with income between £30,000 and £50,000 will be required to do this by April […]
Autumn Budget 2021 – Budget Brochure
Autumn Budget 2021 – Budget Brochure The Chancellors autumn budget was released on Wednesday 27 October 2021. Whilst a lot of the budget was known before the official announcement there was a lot more detail released on the day. It remains to be seen how the country will financially recover from the Coronavirus pandemic, but […]
Firms still owe HMRC billions after VAT holiday
More than one in four businesses that were allowed to defer tax payments during the spring lockdown last year still owe the Treasury billions. A total of 156,500 out of 590,000 businesses that took advantage of Rishi Sunak’s VAT deferral between March and June have failed to make contact with HM Revenue and Customs (HMRC) to pay […]
