Xhi Accounting’s Blog

Keeping good financial records is of vital importance to a business of any size, not just from an accounting point of view but also from a management and business running perspective. As well as being used to assess tax liabilities, accurate financial records can be...

From the 7th January 2013 The Government will introduce the new High income child benefit tax charge (HICBC).  The Government’s plans will means test child benefit, taking it away from tax payers earning over £60K and tapering it where income lies between £50-60K.  Child benefit...

On 13th July 2012, the Bank of England and HM Treasury launched the Funding for Lending Scheme (FLS) to boost the incentive for banks and building societies to lend to UK households and non-financial companies, thus to spur economic growth.   Why is FLS being launched? With the...

What is Real Time Information (RTI)? RTI is a new system that's being introduced by HMRC to improve the operation of Pay as You Earn (PAYE). PAYE information will be collected more regularly, easily and efficiently when employers submit their regular payroll submissions. It is anticipated...

According to the latest Business confidence monitor (ICAEW), confidence has improved significantly in the last 3 months, suggesting a return to growth.  Exports are 4.1% higher than this time last year however companies expect capital investment to grow by only 1.4%, so it’s a mixed...