Episode 26 - Under the hood of Xero with Steve Vamos
Indi Tatla, Ryan Pearcy, John ToonEpisode Description
In line with Xerocon 2022 - the first Xerocon in the UK for 3 years (!) - we sit down with Steve Vamos, CEO of Xero, to talk about what is really driving the Xero product. Is it software, people, culture or customer need? As with all our pods you can trust we asked some prudent questions and get to know more about the new world Xero mindset. Big thanks to Steve and the whole Xero team for their support in making this happen. If you're missing out on Xerocon then here's 50 minutes you won't want to miss.
Combined with app news for a bumper update on industry happenings. Featuring:
- The global talent shortage for accountants – Accounting firms must “discover, create and train” talent amid global shortage (accountancyage.com)
- Sage and ACCA - announce release of e-learning on accounting software and cloud accounting tools – hitting more than 30,000 students - Post | LinkedIn
- Accountants voted best kissers in Britain – poll of 2.000 Brits by Plenty of Fish – Accountants are voted the best kissers in Britain ahead of doctors and nurses | Daily Mail Online
- E-invoicing in France to become mandatory from July 2024 - https://www.avalara.com/eu/en/learn/events/webinars/e-invoicing-and-e-reporting-in-france.html?campaignid=7015a000001iyxoAAA&campaignname=EMEA%20MKT202201%20E-invoicing%20in%20France%20webinar%20-%20Internal%20Email
- MTD ITSA – Three line (technically two (income and expenses) submissions allowed for ITSA below VAT threshold - MTD ITSA legislation: HMRC green-lights three-line accounts | AccountingWEB
- MTD for VAT penalty systems – from 1st June 2022 - £400 for not filing through software - £5-£15 per day for not keeping digital records – comment on digital links. Up to £5,475 annual penalty for digital link breach – 100% for not using checking systems - The lowdown on HMRC’s penalty system for MTD for VAT - FreeAgent
- Changes in mid-tier ERPs. Dynamics biggest grower in mid to large at (5 to 7% market share), Oracle (2 to 4%), SAP up 1% and AccountsIQ up 1%. Sage gained 2% in small business space. Sage biggest growth in mid tier space at 6% - Finance system upgrades take off in the mid-market | AccountingWEB
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