Xero Blog

The VAT domestic reverse charge procedure is a new way of accounting for VAT in the construction industry. It is due to come into effect in the UK on 1 March 2021, having previously been delayed from 2019 and then October 2020 by HMRC.

Now more than ever we need to work together to support South Africa’s small business community, which forms the backbone of our economy. 2020 was a tough year but we believe that with the right support and digital tools small businesses can and will recover. 

The new year is bringing Hubdoc and Xero even closer together. You’re now able to navigate directly from Hubdoc to the corresponding transaction in Xero to streamline your workflow.  All documents published to Xero from Hubdoc have a link in Hubdoc under the ‘publish details’ that allows you to click directly through to the transaction in Xero from the published document in Hubdoc.

Starting out in Wellington in 1991, Cranfields is a family business that’s home to a wide range of quality home interiors. Taking over the business from her mother three years ago, Nicola Cranfields had big aspirations to expand the business.

houseof is a lighting retailer, but that description alone undersells the incredible design that permeates the brand’s products. The company specialises in bold forms, creating striking lamps, wall lights and ceiling lights, all designed from scratch with a firm grasp of purpose and usage.  

Throughout the COVID-19 pandemic, the financial fallout on small businesses has been well documented. It’s time to pay equal attention to the emotional toll on small business owners who will collectively fuel our economic recovery. 

The Chancellor, Rishi Sunak, has unveiled a new cash injection for UK sectors that will be the most affected by the new national lockdown.  To help retail, leisure and hospitality businesses through to Spring, they will now be able to access grants of up to £9,000.

At Xero, we love connecting with other great technology and organisations to make your life easier. Globally, we have a marketplace of over 800 apps, and over 20 of these are South African born – some of these include Payfast, SME Snapshot, Syft, Simple Pay, HelloHR and PaySpace.

As we head into the holiday period and reflect on an extraordinary year, small business owners all over the world will be hoping for a return to some sort of normality in 2021.