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What can HMRC find out about you?

What can HMRC find out about you?  You’ll probably be surprised to find out it’s a lot more than you think. When meeting potential new clients we often hear “Well, HMRC won’t find out about that” – and…

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What are the different VAT rates and what do they mean?

We are often asked what all the different VAT rates are and what they mean. Zero-rated is the same as Exempt, right?  Wrong.  Read our guide below to make sure you understand the difference between all the rates…

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What interest can you charge on late payments?

What interest can you charge on late payments? From time a customer may pay you late, and you may be ok with that.  But when the problem becomes persistent, it can effect your own cash flow and the…

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What’s the difference between accounting profit and taxable profit?

Many people don’t realise that there is a difference between accounting profit and taxable profit – and that they are very rarely exactly the same figure. Lots of business owners arrive at their accounting profit – thinking it’s…

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We are now a Silver Partner with Xero!

We make no secret that we love Xero here at Flamingo Accounting! And now we are happy to be able to announce that we have been made a Silver Partner with them. Our team of Certified Xero Advisers have been using and…

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Ten Top Tips for working from home during the coronavirus

As as result of the Coronavirus, many of us will be working from home having never done so before.  It’s tempting to sit back and treat it as a leisurely day or have a Netflix binge, but that…

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Xero adds credit limits to customers – but there is a catch

After many requests from users, Xero has recently added credit limits to customer accounts – but there is a catch… Whilst you can add the limit to the customer account in Xero, and check what is left of…

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What interest can you charge on late payments?

What interest can you charge on late payments? From time a customer may pay you late, and you may be ok with that.  But when the problem becomes persistent, it can effect your own cash flow and the…

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Connect your Metro Bank account to Xero

Metro Bank has made it even easier for you to connect your bank accounts to your Xero account for automatic feeds. The video from Metro Bank at the bottom takes you through how to connect to Xero step by…

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What’s the difference between accounting profit and taxable profit?

Many people don’t realise that there is a difference between accounting profit and taxable profit – and that they are very rarely exactly the same figure. Lots of business owners arrive at their accounting profit – thinking it’s…

Read more