From XU Magazine, 
Online News

Azets and Xero work together to drive a brighter future for small businesses

April 13, 2022

Xero’s purpose of making life better for small businesses, their advisors and people around the world is only achievable through our community of incredible accounting partners, who share the same goal. So we’re thrilled to be evolving our relationship with Azets, the largest regional accountancy firm in the UK.

Having selected Xero as its accounting solution for its small to medium-sized business clients, the team at Azets understands the vital importance of providing businesses with greater support and information to help them recover and succeed after arguably the most challenging 24 months of their lifetimes.

With Xero’s platform and Azets’ unrivalled expertise, the firm’s clients will gain access to accurate and real-time financial insights, enabling them to make better business decisions and thrive in the years ahead.

The road to digitalisation

Technology adoption amongst small businesses has exploded in recent years, and this is set to continue – driven by new developments, market factors and even government legislation, like Making Tax Digital. This new partnership will enable the accounting firm’s small business client base to embrace digital tools.

It’ll also ensure a smooth transition to Making Tax Digital for Income Tax Self Assessment (MTD for ITSA), which is set to impact 4.2 million British taxpayers. It represents serious change for many sole trader and small business clients, who must shift to digital tax submission ahead of the start date of April 2024. This is why we recently launched our MTD for ITSA beta, enabling accountants and bookkeepers to participate in HMRC’s pilot and prepare for one of the largest ever changes to the tax system.

Now, our partnership with Azets will not only help its clients ensure compliance with the legislation, but make the time-consuming process of quarterly reporting more efficient, while also driving new and greater benefits throughout their businesses.

A bright future

At a time in which accountants are more important than ever to small businesses, we cannot state how excited we are to team up with firms like Azets.

Together, we will be able to provide a suite of technology solutions that drives success for Azets’ clients, as well as continue our work to support the small business economy both now, and in the future.

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