It’s been around three months since the UK went into lockdown. 

We’ve all read about the huge impact the pandemic is going to have on our lives in the months and years ahead.  As things slowly start to reopen and we continue to adapt it’s important we don’t forget about our wellbeing.

We spoke to Penny Power OBE, author of Business is Personal. She’s been working closely with entrepreneurs, tracking their sentiment via a monthly Business Health Check. 

Here she tells us some of the things business owners have been telling her, with some handy tips.

In April, most saw a massive drop in revenue and there was a huge fear of the unknown. We were all questioning how long the lockdown would last, what support was going to be available and if small businesses could survive. 

Everyone tightened their cash belts. Those who were tracking their cash flow made

During this challenging period, many small business owners and their advisors have never been busier. But while the impact of COVID-19 continues to be felt, the requirements of year end remain. And, now more than ever, it pays to be prepared.

As part of our series, ‘The two of us’, the Xero team is exploring the relationships that pave the way for mastering tax time. Today, we’re speaking to bookkeeper, Jo Doye and her small business client, Steve Abbott, to uncover not only how they take on year end together, but why they couldn’t do it without each other.

When did you first meet?

Jo: It was my husband who first mentioned Steve back in 2012 – they worked together at our local council here in Bendigo. I needed some help with an event and Steve was a town planner in his day job, so he was able

If you’re in the UK construction industry, using the Construction Industry Scheme (CIS), Xero can help reduce the administrative burden and paperwork. 

We’ve just made some improvements, which mean you can now:

  • Run a CIS audit report for ease of checking and greater insight into monthly return numbers
  • Verify subcontractors from within Xero
  • Calculate CIS deductions automatically when sending invoices using the Xero accounting app and desktop

Run a CIS audit report

The new CIS audit report lets you quickly see how the figures in your monthly return are made up. This enables you to feel confident that you’re submitting accurate numbers to HMRC each month.  It also helps you know the impact that CIS is having on your business. 

Here’s how to view the report and see a breakdown of all the transactions in the monthly return. Then you can click through from any transaction to view the related

If you’re an accountant or bookkeeper who’s been considering a switch to Xero Tax, there’s never been a better time to make the move. Our Partner Consulting team now offers four packages that make the transition to Xero Tax seamless and economical. And with this EOFY shaping up to be one of the busiest in years, having the best tax tools available can make a big difference. 

Xero Tax, like all Xero products, is cloud based. That means you can lodge returns and reports from anywhere, with no need to ever install or upgrade your software.

“We needed an integrated, true cloud solution that was broadly supported and offered a wide choice of integrations,” says accountant Adam Ramage of Geelong-based Canny Group, which recently made the switch to Xero Tax. “The support of our Xero account manager and other team members provided a high level of comfort that

With the way we work constantly changing due to COVID-19, some enterprising people have used the extra time to make money through the sharing economy or by establishing a side hustle. If that’s you, then doing your tax return may be a little different this year.

We teamed up with bookkeeper Jo Doye from Alluvia Financial who shares her top tips to make tax time that little bit easier. Jo had always had a passion for good food, good booze and supporting small businesses. So she decided to start a side hustle along with her day-to-day job. She teamed up with a group of like-minded locals and started Bendigo Beer.

1. Decide: hobby or job?

It’s important to establish if you’re working on a hobby or starting a business to determine how you will manage tax. Jo says that when people first start out, they don’t think about setting

As the lockdown began, Role Models had to make rapid changes to continue to bring their life skills courses to children around the world. Fortunately, the company succeeded in moving its resilience and growth mindset-based classes online – and they have seen major growth in applications.

For founder and managing director Hugo Shephard, this has been a significant step forward in the business’ ultimate goal of teaching one million children how to “communicate well, collaborate effectively, think critically, solve problems creatively and lead brilliantly, so that they can shape their future and those around them.”

On Role Models’ courses, children learn useful life skills that will form a robust foundation for all the learning that lies ahead. Since its founding in late 2013, the company has pioneered the development of several courses to set children up with the skills they will need to succeed in the 21st century. Role