Mitchell Charlesworth are pleased to offer our clients Xero as their first choice online accounting solution.
We are delighted to be platinum partners with Xero, a leading cloud accounting software provider.
What is Xero?
Xero is online, cloud based accountancy software, meaning that it is accesssed using the internet. Accounting data is securely stored on third party servers known as ‘the Cloud’. This means that accounting data can be accessed anywhere, at any time of day, from multiple devices, and by multiple users. It removes the barriers to traditional accountancy methods by allowing accountants and businesses to stay connected and share data in a fast, efficient way. Mitchell Charlesworth are Platinum Partners with leading accountancy software provider Xero, and we would recommend Xero to all clients.
Do I need Xero?
At the Spring Budget In 2015, the Government announced their vision of ‘Making Tax Digital’. The project started with Making Tax Digital for VAT which commenced on 1 April 2019. All VAT registered businesses are now required to submit VAT returns using functional compatible software.
This will be extended to self employed businesses and landlords with turnover of more than £50,000 per annum from 6 April 2026, and then to self employed businesses and landlords with turnover of more than £30,000 from 6 April 2027.
Xero is a leader in providing compatible accounting software to meet the above requirements. In addition, Xero will improve the efficiency of your internal finance functions, thereby allowing staff to focus on other areas of your business to facilitate growth. It is also beneficial from a security perspective, it will eliminate the need to email confidential documents, or storing on an insecure USB stick, your data is also backed up automatically and stored on the Cloud.
How much will Xero cost?
Our packages can be tailored to suit the needs of you and your business. Contact a member of the team below to discuss your requirements and cost.
Xero can be combined with our traditional services as an ‘add-on’, including:
- Business Start Up Advice
- Corporate Finance
- Financial Planning & Wealth Management
- P11D preparation
- Patent Box tax relief
- Pensions & Auto Enrolment
- Research & Development tax credit claims
- Strategic quarterly meetings
- Tax investigation insurance
- Tax planning
- VAT Advice
How can Mitchell Charlesworth help you?
Mitchell Charlesworth can help you choose what level of accounting software you and/or business needs and help ensure the software reaches its true potential. Mitchell Charlesworth recommends Xero, as it allows you and your finance team to access your financial data from a laptop, tablet or phone – wherever you are doing business. As your accountant, our team of qualified and trained users can access your account, provide training, give advice and help you set up in Xero.
We also offer AutoEntry or Hubdoc which will take photographs of your receipts and is compatible with Xero. Using optical scanning recognition, AutoEntry and Hubdoc both automatically extract and organise key information from all of your invoices and expenses.
We aim to offer our clients a holistic service, blending up to the minute cloud accountancy software with our traditional range of business services, complemented by advice and assistance from our friendly and professional advisors.
To discuss your Xero Cloud Accounting needs, please contact a member of the team to the right of this page.