Step by Step Guide: How to Pay VAT Online Easily and Avoid Late Payment Penalties

Invoice fraud becoming a significant problem

Invoice fraud, affecting one in three companies, involves deceptive practices that trick businesses into making payments to fraudulent accounts.

Total Income Tax and NI income hits new high

HM Treasury has taken £77.2 billion in Income Tax and National Insurance (NI) since April 2024 – signalling the effect of the freeze in the Personal Allowance and Inco

What the summer may mean for your business

Whether the hot weather lasts or not, summer is here to stay, bringing with it seasonal challenges and opportunities for business owners. You may think summer is busi

Management buyouts – An alternative approach to exit and succession

When developing your business exit and succession strategy, you must consider all possible avenues, including those which might not seem so obvious. A management buyo

How Much Does Xero Cost? A Comprehensive Guide to Xero Pricing

At The Numbersmith, we're passionate about helping small businesses find the right accounting software to manage their finances effectively

How to Reconcile in Xero: A Comprehensive Guide for Small Businesses

At The Numbersmith, we understand that bank reconciliation is crucial for small businesses. As Xero-certified advisors, we're often asked, "How do you reconcile in Xer

Xero Introduces Auto Sales Tax Powered by Avalara, Simplifying Complex Tax Calculations and Reporting

At The Numbersmith, we understand the challenges that come with managing tax compliance, especially when operating across multiple jurisdictions.

What are the Changes to Reporting Income From Self Employment and Partnerships?

As a trusted provider of cloud accounting services, we at The Numbersmith understand the importance of staying informed about changes in tax regulations.

Three great reasons to file your tax return early

We often find that clients begin to show signs of stress when the Self-Assessment tax return deadline approaches.