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When to Use No VAT in Xero
One of the biggest misconceptions when completing the bookkeeping for your small business is £0 VAT equals ‘No VAT’ in Xero. When using Xero as your bookkeeping software you could be enticed to use the No VAT tax rate for all transactions that have no VAT. That would be a sensible thing to do right?…
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Do I Need an Accountant if I Use Xero?
Xero and other similar software vendors spend millions on trying to convince business owners their software is super simple. This new online way of doing accounts is meant to be so much easier compared to the old clunky accounting software of the past. But does this mean you can do away with real human and…
