Posts in September

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Tightening and easing health restrictions continue to impact small business – XSBI August data release

As we tentatively look ahead to the end of lockdowns in my home city of Melbourne in the not too distant future, it is encouraging to learn that small business looked a little more stable last month in New Zealand, Australia and the United Kingdom. Today, we released our monthly Xero Small Business Insights (XSBI)… [Read the full article »]

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An open letter from small business to the Australian Treasurer: Cynch Security

Our third and final letter in the series, ‘An open letter from small business to the Treasurer’ is from Susie Jones, CEO of Cynch Security and Xero customer, who shares her thoughts on how providing government incentives for business owners to take action on their online security will also save money in the long run.… [Read the full article »]

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Creating a practice with purpose

As many accounting professionals know, the industry shift to using cloud accounting tools to run our practices is here to stay and has arguably been accelerated due to the COVID-19 pandemic. This change is not only about leveraging technology to drive efficiencies and improve your operations, but represents an opportunity for you to reevaluate the… [Read the full article »]

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Financial basics for your business

Financial literacy is important for everyone but it’s essential if you’re in business. Most businesses fail due to lack of cash, not profits One definition of financial literacy is “The ability to make informed judgements and decisions regarding the use and management of money”. For business, it is understanding where your money is coming from… [Read the full article »]

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What makes a good advisor?

I’ve been an accountant most of my adult life and have seen so many business owners, who love what they do, but battle with their financials to stay afloat. In fact, Xero’s Small Business Insights (XSBI) show that on average, Kiwi small businesses are cash flow negative 50% of the time. Additionally, the recently released… [Read the full article »]

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Happy Hispanic Heritage Month from Xero

As the days get shorter here in North America and we celebrate this year’s Hispanic Heritage Month, it gives me an opportunity to reflect on the experiences from the past few months. This summer, we made the decision to appoint Jackeline Velez as the Director of the US Hispanic Market. This is an exciting decision… [Read the full article »]

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Support for new startups tops wish list for small businesses in Australia’s Federal Budget

As the Federal Budget approaches, small businesses are looking to the Government to introduce further measures that support the sector’s rebuild. At the top of their list is new business incentive schemes, with nearly one in three businesses (29%) hoping that’s what the budget will deliver. We recently surveyed more than 500 Australian small businesses… [Read the full article »]

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Future-proofing your practice during COVID-19

This year has forced accounting and bookkeeping practices around the world to cope with an extraordinary number of changes, from new government assistance programs and reporting methods, to travel bans and social distancing measures. Many have now adapted to the new normal. But if this year has taught us anything, it’s that we can never… [Read the full article »]

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Jobkeeper 2.0 made simple with the ICB’s Matthew Addison

In the lead up to the launch of the JobKeeper 2.0 extension, the Xero team is working to help our partners stay on top of the latest information. This week, we hosted a webinar with Matthew Addison of the Institute of Certified Bookkeepers (ICB), who walked us through the current rules and eligibility tests for… [Read the full article »]

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Stronger and smarter: A pet store’s ecommerce evolution

The posts in this series have been drawn from Xero’s Stronger and smarter: a small business handbook. Designed to help small businesses determine which steps to take next, this practical guide uncovers the 10 trends shaping the future – so you can come back stronger and smarter than ever. A shifting customer demographic and evolving… [Read the full article »]

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