Xero bank feeds are changing
Xero bank feeds are changing! In the coming weeks, existing Xero bank feeds with Barclays, and ALL bank feeds set up using Yodlee, will no longer be available due to new industry-wide standards that take effect from mid…
Top Ten Things to consider when choosing a new accountant
When new clients approach us, it is often because they are not happy with their existing accountant, or because they are a new business and don’t know how to select an appropriate one for them. Below is our…
Many businesses are unaware of invoice fraud risk
According to a survey by banking trade body UK Finance, more than four in ten businesses are unaware of the risks of invoice fraud, even though such scams cost firms almost £93m in 2018. The fraud happens when…
Pension contributions change from April 2019
Auto enrolment pension contribution rates will rise from April 2019. Currently, the minimum pension contributions to an auto enrolment pension scheme is 5% of qualifying earnings, with at least 2% of that coming from the employer. From 6th…
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…
We are Certified Xero Advisors!
Once again, we have been made Certified Xero Advisors! Having first passed the tests over seven years ago and continued to so ever since, we have once again re-certified as Xero approved official Advisors. This means we are…
Bizarre excuses for late filing of accounts
Companies House has released its list of most bizarre excuses that people have tried to use for not filing their company accounts on time. The rather unusual list of reasons companies gave for not filing their accounts is…
Rise in losses from staff fraud
According to RSM the amount that businesses have lost as a result of staff fraud has doubled in the past year. ActionFraud stated that businesses reported losses because of staff fraud of £40m in 2016-17, but that has…
What is Making Tax Digital (MTD) ?
What is Making Tax Digital (MTD)? Making Tax Digital, known as MTD, is a Government initiative to simplify the UK tax system and make the recording and reporting of taxes easier for businesses. It will require all businesses…
New Xero Expenses is coming
Xero is changing how it’s expenses module works We love Xero at Flamingo Accounting and make no secret of it. Now they are giving their Expense module an overhaul and introducing great new features. Changes to improve the…