Welcome to Ascentis TV Episode 11, your go-to source for the latest in technology and financial insights. In this episode, Lee and Mark dive deep into the world of tech updates and tax planning strategies.
Lee kicks things off with his “Tech Talk” segment, where he shines a spotlight on the recent changes in Xero, the popular accounting software. Xero’s got a fresh look, with a user-friendly report section and a nifty “Favourites” feature for easy access. You can now show or hide descriptions for more clarity. The introduction of the budget variance report takes dashboard functionality to the next level. Plus, Lee delves into enhanced prediction algorithms in bank reconciliation.
Xero Projects, a paid subscription feature, also got some love in this episode. You’ll discover how to assign projects on an individual level, making them either public or private. The project financials report is a game-changer for tracking project costs and profitability.
The Xero Marketplace takes the stage with exciting updates in various app integrations. Workflow Max now lets you merge fields for detailed information. Shopify’s integration is rebuilt for streamlined revenue and profit tracking. The GoCardless integration introduces a mandate matching feature to keep your transactions in check.
In the second part of the episode, Mark delivers essential tax planning insights for individuals. He breaks down the upcoming change in the UK’s tax landscape, the social care levy, and provides savvy strategies to mitigate its impact. You’ll learn about the art of accelerating dividends, personal pension contributions, and other financial planning tools to extend tax thresholds.
Mark also covers capital gains tax and how to make the most of your annual allowance. Investors, pay close attention to the annual investment allowance—it’s a game-changer. And for those considering inheritance tax planning, Mark reveals the power of gifting as a smart strategy.
Finally, Lee returns to wrap things up with key administrative updates. He’ll keep you informed about crucial deadlines, changes in the national minimum wage, and the hospitality VAT rate.
If you’re looking to stay ahead in the worlds of technology and finance, Ascentis TV Episode 11 is a must-watch. It’s a treasure trove of practical advice and insights that can benefit businesses and individuals alike. Stay tuned for more valuable content in future episodes, and don’t forget to like, share, and subscribe to stay in the know!
About Ascentis TV
Ascentis TV is our update show that gives business leaders updates and insights on various growth-related topics such as taxation, financial management, people management and much more. The show features our amazing experts from Ascentis who have many years of experience in helping businesses grow successfully and helping individuals achieve their personal vision of success.
You can find more Ascentis TV episodes and subscribe to our channel on our YouTube here.