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Blog

9 tax-planning tips for landlords

With more people than ever renting their home, rather than buying, it’s a great time to be a landlord or to opt for a buy-to-let property investment. There’s a good market for tenants and, with the right planning and financial management, you can create a positive...

7 tax-planning tips for property developers

Investing in ‘bricks and mortar’ has always been a sensible way to grow your money. And with the growth in the average house price beginning to plateau, now may be a good time to look at buying up properties in need of some TLC and refurbishing, or developing them as...

What is Receipt Bank and how can it help your business?

Here at Square Mile Accounting we recommend a system called Receipt Bank to all our clients as an add on to their Xero systems. But what is Receipt Bank and how can it help my business?     In basic terms, it is a system that you can send your supplier...

8 ways to improve cash flow for your construction business

Construction is a sector with high overheads and a culture of late payment by customers – and that makes cash flow a major headache for most construction businesses. The average firm waits 107 days before it receives payment, according to recent research, and that can...

Our most Frequently Asked Questions (FAQs) on Xero answered! Part II

We often receive the same Frequently Asked Questions (FAQs) about Xero software by both our clients and prospects.  So to help everyone out we are going to be regularly posting them in a blog - along with our answers of course! I have expenses that I want to re-bill...