From 1 April 2017, a new 16.5% rate will be introduced for businesses which are deemed to be a limited cost trader. This impacts many one person businesses that provide services, such as contractors and freelancers.
Xero will soon release Artificial Intelligence in the form of a Facebook Messenger chatbot called “Key Xero”. You will be able to have a conversation in Facebook Messenger direct with the Xero technology.
The consultation period for Making Tax Digital (MTD) – the replacement of annual tax returns – runs until 7th November. The full details of MTD are not yet known but it will mean businesses making quarterly tax submissions, along with payments.
A key part of Goal Driver is having individual goals linked to the business goals. This is done with individual Key Performance Indicators (KPIs) which are reported on a daily, weekly or monthly basis.