Xero Blog

In this blog post, Rachel Astall, Head of Global Partnerships – SMB Platforms at GoCardless, tells us how automating the process of collecting payments can help businesses thrive. Healthy cash flow is key to business success yet only 49% of UK small businesses are cash flow positive, according to Xero’s research.

As one of Australia’s 730,000 small business employers, you may have heard about Single Touch Payroll by now (and if you haven’t, that’s okay – we’ve got you). Perhaps you’re worried about what it means for your business, or you’re just feeling plain old confused.

At Xero we’re invested in the success of the next generation of accounting and bookkeeping advisors. We work closely with our partner practices to ensure graduates are equipped with a strong knowledge of Xero from day one; forming not only a solid foundation of cloud software, but an understanding of how to retrieve management information in a timely way that will ultimately drive better business decisions.

From 1 July this year, Single Touch Payroll (STP) will apply to all employers in Australia. First announced in 2015, STP is an Australian Tax Office reporting regime that requires employers to report salaries and wages, PAYG withholding tax, and superannuation to the ATO each time they pay their employees.

The ATO recently made Single Touch Payroll (or STP) compulsory for all businesses. How will this change affect you as an advisor? We’ve got you covered with all the top questions on STP answered.

Following Xero’s acquisition of Instafile in November 2018, we’re pleased to announce its new name: Xero Tax. We’re working to integrate the product seamlessly into Xero, and that includes the name.

When the federal budget rolls around each year, few time-poor small business owners have the capacity to add `political analyst’ to their list of responsibilities. It’s well known that the average small business owner is also the company CEO, CFO, COO, and head of IT, human resources and sales.

As part of the Beautiful Business Talks hosted by Xero at this year’s Accounting Business Expo, I was given the opportunity to present on how accountants and bookkeepers can provide advisory services to their clients.

It’s the final session of the Bricks and Clicks sprint weekend, and while the six retail businesses have nearly completed their course, there are still a few lessons to learn about connecting with customers and keeping them on board as they transition to the online world.