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Accounting software specialist bright launches brighttax, a new cloud-based tax and compliance product

Accounting Insight

Accounting software specialist, Bright, has launched its new cloud tax and compliance product at Accountex 2023. Accountants will be able to access client information in-browser to work on and submit Individual Tax Returns, VAT returns and Corporation Tax returns to HMRC as well as annual accounts to Companies House.

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The Best Online Accounting Software for Small Businesses

xendoo

Thankfully in 2021, there are many affordable online accounting software options available for small business accounting. . What does online accounting software do? Most modern accounting software platforms, such as Quickbooks Online or Xero, are always connected to the internet.

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Xendoo vs. QuickBooks: The Difference

xendoo

From choosing an accounting method to managing transactions to setting up payroll, bookkeeping can be an extremely confusing and time-consuming process! That’s why many business owners decide to get bookkeeping help, whether they use a form of online bookkeeping software or hire an accountant. .

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Tech, transparency and automation: tips to start the new financial year off right

Accounting Insight

The end of the tax year often begins with relief. Relief the tax return deadline has been met (we hope) and has passed you by. Accountants and bookkeepers can now look ahead to the new tax year. But as the days get brighter, so too can your bookkeeping in the coming year.

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Manual vs. Automated Accounting: What’s the Difference

Accounting Seed

With a manual accounting system, you also draft tax returns and financial statements by hand, without computers. What is Automated Accounting? Automated and computerized accounting use software to manage a company’s bookkeeping. At some point the advantages of going automated are hard to resist.

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How to Set Up Accounting for a New Business: A Full Guide

xendoo

If you are keen, you’ll find a plethora of small expenses within your business are tax-deductible, meaning you can claim them on your tax return. The IRS demands that you have with you any documentation proving income credits or deductions that appear on your tax return. Previous tax returns .

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Getting Paid 101: Accounts Payable and Accounts Receivable

xendoo

With invoicing software, your accounts receivable staff and your customers can save a lot of time. . Your accounting software should be able to generate an aging report, which lists past-due invoices in order from the least to the most number of days since the due date. Track payments. Set a timeline for collections.