Liz Brewster, Client Project Manager at Elsby & Co, has achieved a world first by completing Xero Migration Certification, a new standard recognising her ability to help businesses reduce the pressures of record keeping and use accounting information to drive decision-making.
Xero, global specialists in online accounting, were so impressed with Liz’s achievement that Julian Buck, Xero Director of UK Services, travelled to Elsby’s Rushden offices to surprise her with the Award.
Julian commented: “We’re really excited about this new certification. It’s aimed at our partners who want to migrate their customer base over to Xero and it fully prepares them to plan, prioritise and transfer their clients’ data.”
Businesses are shifting their tax affairs online ahead of HMRC’s ‘Making Tax Digital’ (MTD) initiative, which requires all companies and landlords with a turnover above the VAT threshold (currently £85,000) to use appropriate accounting software by April 2019.
After this there will be a phased timetable for other businesses to comply in the same manner, beginning in 2020. The process will make tax reporting and billing more accurate by allowing businesses to update and access their financial information on a ‘live’ basis.
Liz added: “20% of VAT returns are already being filed using Xero and there are now over 250,000 organisations using the system in the UK. Elsby & Co is firmly behind the process of migrating businesses to meet MTD requirements.”