Thomson Cooper cloud accounting specialist Arran Anders shows how to use the Xero and QuickBooks platforms to forecast your cash flow.
Audit thresholds have increased
New audit thresholds represent an increase of approximately 50% on former thresholds, and will be applicable for accounting periods commencing on or after 1 October 2024. The regulations will come into effect from 1 April 2025 to give business owners time to regularise any eligibility issues.