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Mint Your Own Business: Use this time to set up your costs correctly in Xero

This week, if you have time available, then have a look at how your costs are set up in Xero. It might seem a little irrelevant just now but in an upcoming blog we are going to look at budgeting and and you really need your costs sorted out ahead of setting up a budget in Xero.   To fully understand your profit and loss account, you need to set up direct and indirect costs correctly in your Xero chart of accounts. This is really helpful for everyday reporting and fully understanding yo...

May 20, 2020

Mint Your Own Business: Use this time for training and professional development

As we head into week six of the UK lockdown, many people are likely looking for new ways to entertain themselves. Businesses with furloughed team members (or where the directors are furloughed employees themselves) may be keen to prepare for getting back to work again. Though a return to work may not be an option at the moment, it does not mean you cannot facilitate and support employees training from home.   If you have furloughed employees (or been furloughed yourself) you are allowe...

May 4, 2020

Mint Your Own Business: Use this time to set up ReceiptBank (and link it to Xero)

The ReceiptBank platform allows you to provide your cost information to us as your accountant easily and paper free! Traditionally we have used ReceiptBank with clients who use Xero however due to the current climate we are also offering this to our smaller sole trade clients so they can provide their expenses to us easily whilst we are working remotely.  ReceiptBank primarily runs on an app. All you do is take photos of any purchase invoices or purchase receipts within the app. You can als...

April 27, 2020

Mint Update: Amazon Businesses and the 10K Collective Podcast

Over the last 12-18 months we have been working with a number of businesses dedicated to selling on Amazon. This all started with our wonderful client Ben Leonard who previously owned and ran a company called Beast Gear which sold boxing equipment on Amazon (he has since sold the business).  We now have a team dedicated to supporting clients with Amazon based businesses so we are spending lots of time in this world. We have had the pleasure of getting to know other organisations who su...

April 15, 2020

Mint Your Own Business: Use this time to advance your business

Following what has been a very difficult seven days for business across the UK our weekly blog will be changing for a few weeks. As suggested last week we will be covering our tips for getting the most out of Xero but we will also use this platform to provide some education and ideas for getting control of your business accounts, whilst you may have some more time on your hands. Though times are going to get hard, we all need to use this time to take a step back from our businesses and work out ...

March 25, 2020

Coronavirus: Update for Businesses

Article Updated 2nd May 2020   This article provides information regarding funding available to businesses in the UK as a result of the coronavirus pandemic....

March 23, 2020

Mint Your Own Business: Tips for Working From Home

We imagine lots of people’s working life looks a lot different this week given what is happening across the world. We closed our offices last Thursday (our team is working from home) in an effort to ensure the wellbeing of our team and our clients - as well as help prevent the spread of the coronavirus. We know that many of our clients and suppliers have already done the same.  Luckily most businesses are set up to have team members work from home anyway but people may not be used to doin...

March 16, 2020

Covid 19 Notice and Info for Clients

As the COVID-19 (coronavirus) outbreak is evolving daily, the health and safety of our employees and clients is our top priority. To support our employees, clients and local communities—and do our part to help delay the spread of COVID-19—we’re taking the following steps with immediate effect: We will be closing our offices temporarily and our teams will work from home. We have all the necessary systems in place for remote working and, as we use online systems with our clients, we...

March 13, 2020

Mint Your Own Business: Selling a second home? Watch out for Capital Gains Tax changes

From the 6th April 2020, when you sell a second home you will be faced with new capital gain tax (CGT) rules. Changes will affect the amount of CGT you pay AND when you pay this.  These new rules apply to individuals who are selling residential property they own personally.  When will tax be paid? From 6th April when you sell a residential property (that is not your home) you must submit a provisional calculation of the gain to HMRC within 30 days of completing the sale. You must pay t...

March 9, 2020

Mint Your Business Guest Blog: Well-being at Work

This week we bring you our first guest blog from one of our wonderful clients, Jim Grimmer of P3 Business Care C.I.C… Do you have mental health and wellbeing policies in place for your team? Do you have a free helpline available for your team members to call for support with stress? Most businesses will answer yes to these questions but have you considered whether or not you really are supporting and promoting wellbeing in your workplace?  Most people won’t read a policy or ca...

March 2, 2020

Mint Your Own Business: Save cash - build your own website!

I have been managing and building our Mint website for years and, although it’s not perfect, we have saved significant amounts of money doing this in-house. Even if you sell products online, it’s worth looking at a templated website builder especially if you have someone in house with marketing experience and a keen eye for design. If you don’t have someone who fits that profile it may be worth getting a part time intern / student onboard who could do this and likely help you with other ma...

February 24, 2020

Mint Your Own Business: Electric Vehicle - your new company car?

Following on from last week's benefits ideas, we thought we would bring some positive news when it comes to company cars or, more specifically, electric vehicles.  The electric (and hybrid) car market is expanding quickly, with more cars due to hit the market in the next 12 months. Long gone are the days when Tesla was the only company offering a car with decent range (though we do still love them). Electric vehicles do still carry a benefit in kind charge when purchased as a company car bu...

February 17, 2020

Mint Your Own Business: More tips for boosting team loyalty

Following Charlotte’s blog from last week on using extra holidays to boost team loyalty, it made me think about what else we do for our team when it comes to extra benefits. One of our most popular benefits is the perks we have by using CharlieHR.  CharlieHR is our online HR system - we use it to track holidays, working from home days and sick days. It links all of this info with our calendars so everyone can see at a glance who is in and who is not.  It’s also where we hold all of...

February 10, 2020

Mint Your Own Business: Boost team loyalty with time off benefits

I’m super excited this week as my best friend and her partner of 11 years are getting married. We had been speaking before Christmas about how they had to take annual leave when they didn’t need it, as her employer operates a use it or lose it policy. With the wedding and honeymoon, holidays are pretty tight as it is. It occurred to me that these are the sort of things that really annoy employees and may result in them being demotivated. It also occurred to me that we offer some pretty good ...

February 3, 2020

Mint Your Own Business: Get a business credit card with rewards!

Whilst Charlotte spent last year looking at how we get paid, I was busy looking at how we pay for things. Business bank accounts and credit cards seem to offer so much less (in terms of interest and rewards) than personal bank accounts and this has always annoyed me. After some research, I discovered a new credit card company that offered something in the way of rewards and so decided to switch us. Capital On Tap allows businesses to earn rewards points that can be turned into either a...

January 27, 2020

Mint Your Own Business: Offer more payment options and get paid faster

For anyone in business, actually getting paid in good time for the work you do is often the biggest problem. Unpaid bills cause significant cash flow problems and, therefore, stress. We, like other businesses, struggle with this too but made some changes at the end of 2019 that have seen us getting paid much faster.  Xero recently carried out research on late payment of invoices and found that the average small UK business owner is owed £24,841 in late payments on any given day, according ...

January 20, 2020

And we are back…

That’s right, after 18 months of silence, we are returning to the world of social media and the public eye. So much has happened in our business over the last two years, good as well as not so good, so we decided to take time to focus on our service, our own business efficiency and of course our clients.  To be honest, we have never been great at the whole PR and social media thing, often creating plans and then not sticking to them. As, like most people in business, we get caught up in t...

January 13, 2020

Another Award Nomination for Mint MD Allison Walker

Mint’s Managing Director, Allison Walker, has been recognised for her business achievements with another national award nomination; she has been shortlisted in the Best Professional Category at the first ever Scottish Women’s Awards.   The shortlisting reflects Allison’s 20 years experience in the accountancy industry, having worked in both industry and practice, she has a unique take on business finances. Her ‘refreshingly different’ approach to the professional services and the ...

August 30, 2017

Mint Aberdeen Vacancy: Qualified Accountant

We are looking for a full qualified accountant to join our growing team in Aberdeen. The successful candidate will manage our team of part qualified finance analysts. They will oversee the preparation of VAT returns, management accounts and statutory accounts preparation. The successful candidate will be responsible for a number of ongoing business improvement projects, including internal process improvement and implementation of Xero Online Accounting / add-on systems for clients....

July 26, 2017

The New Mint App

We are super excited to re-launch the Mint App this week! We have had an app for a couple of years but it wasn't working how wanted it to and, as with all things that cost money to fix, it had been pushed down the priorities list. Thankfully we found the time to look at this more closely at the start of the year and we now have an app that we love and think you will love too! ...

May 8, 2017

Important Changes to Flat Rate VAT Rules 1st April

From the 1st April 2017 changes are being made to the flat rate VAT scheme that could affect all businesses currently registered. ...

March 6, 2017

Charlotte: The Man that Changed my Life...

Suggesting my life has been changed by a man is not something people who know me would expect to say. Don't get to excited I am not getting married or anything! I actually haven't even met this man, its an online relationship type thing... Being on medical leave for the last 2 months (all is well -- I had a hip op) I did manage to stop myself slipping into the day to day running of our businesses too much, which left me with some time to do other stuff. There is so much to get through in a...

February 21, 2017

Introducing our Client Referral Scheme

Now we are into February & the January sales are well and truly over you may think you have missed your chance to save some money but don't fear as Mint are here to help. Today we are launching our new referral scheme which will run throughout 2017. ...

February 7, 2017

Mint Profile: David McIndoe

Meet David, our in house tax Guru! David is the Tax Manager at Mint and heads up our whole tax department. At this time of year this is the only place you will see him as he is currently locked away getting all of the last minute personal tax returns completed. We thought we would give him a shout out to let him know we are thinking of him. People may assume tax types are boring but don't be fooled David actually is pretty interesting... ...

January 17, 2017

Xero Add-On Review: Receipt Bank

If you use Xero in your business then you will know that the Xero Add-On marketplace is ever growing and the add-ons themselves continue to change as the various platforms enhance their offerings. If you are considering a move to Xero then taking the time to look at the add-on market might be what you need to do to convince you to take the leap. With more and more clients asking about add-ons, and with increased focus internally on how these can be used to increase client business efficiency,...

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