Dear Clients and Friends,,

We hope this newsletter finds you well. As part of our commitment to keeping you informed about important developments in the financial landscape and providing you with tools to streamline your accounting processes, we’re excited to share some valuable insights and resources with you.

Understanding the Recent Changes to Non-Domicile Rules

In our latest video discussion, we delved into the significant changes to the taxation rules for non-UK domiciled individuals, as outlined in the recent spring budget. The abolition of the current tax regime for non-doms and the introduction of a residency-based system mark a significant shift in the tax landscape. Our experts provided a comprehensive overview of these changes and their implications, ensuring that you’re equipped with the knowledge needed to navigate the evolving tax environment effectively.


Discover the Power of Data Capturing (Hubdoc)

In addition to staying informed about regulatory changes, we’re also committed to providing you with tools that can enhance the efficiency and effectiveness of your accounting processes. That’s why we’re excited to introduce you to Hubdoc – a powerful document management and data extraction tool that seamlessly integrates with Xero.

With Hubdoc, you can say goodbye to manual document collection and data entry. The platform automates the process of gathering financial documents, organizes them in a centralized location, and extracts key data using advanced OCR technology. Best of all, Hubdoc is free for Xero users, making it a valuable addition to your accounting toolkit.

Whether you’re looking to streamline expense claims, improve record-keeping, or simplify reconciliation processes, Hubdoc has you covered. To learn more about how Hubdoc can benefit your business, contact us.

Stay Connected

We’re committed to supporting your financial success every step of the way. If you have any questions about the recent changes to non-domicile rules, or if you’d like to learn more about how Hubdoc can streamline your accounting processes, don’t hesitate to reach out. Our team is here to help.

Thank you for your continued trust and partnership.

Warm regards,

Deepti Agarwal

CEO, Watermill Accounting/Innovation Credit