1 in 5 pensioners face tax return ‘misery’

We all know that filling out a tax return can be painful, but while you might have thought that retirement would release you from HM Revenue & Customs’ clutches, that no longer seems to be the case.
The number of pensioners who filed a tax return last year hit 1.7m, a figure that has jumped significantly in the last two decades.
Figures obtained from HMRC by insurance company Royal London show that in the 2015-16 tax year, 1.7m of the 10m who completed an individual tax return were aged 65 or older.
More than 250,000 of these tax return pensioners were aged 80 or over.

Why high growth business choose cloud accounting software
Editor | 7 August 2017
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Businesses that are on the fast track to growth routinely choose cloud accounting software to handle their financial management, as do business owners who are determined to make their new venture a success.
The rocketing popularity of cloud accounting software like FreeAgent and Xero is a trend that has disrupted the traditional accounting industry.
Now, start-ups and business targeting double and triple-figure growth are more likely to pursue a cloud-based solution, with support from a modern accountant like CloudAccountant.co.uk, rather than going down the traditional accountant route.
So why do so many businesses with steep growth trajectories choose cloud accounting software?

Taylor Review recommends access to holiday and sick pay for some self-employed

The recently published review of modern working practices in the UK has recommended that some workers, currently classified as self-employed, should get certain benefits like sick and holiday pay.

The Taylor Review, however, did not recommend these benefits for all self-employed workers.

The report comes after research by cloud accountancy software company FreeAgent and the Freelancer and Contractor Services Association (FCSA) found that sick pay was top of the wish list for freelancers and microbusiness owners.

eBay and Amazon seller specialists

When it comes to setting up backroom functions, eBay and Amazon sellers and other small online retail companies face some tricky challenges. Particularly when it comes to seemingly complex processes like accounting.

CloudAccountant will be attending Xerocon London 2017

CloudAccountant will be attending Xerocon London 2017, another hugely successful event following on from our attendance at Accountex 2017.,

Xero has become the accounting platform that connects a global community of small and larger businesses, apps, advisors, banks and government – with simple, elegant online accounting software at its core. The industry is changing rapidly as a result of the disruption caused by cloud accounting and will continue to change at a similar pace with Xero at the forefront of many of these developments. Xero will be exhibiting new products and exciting company partnership announcements, and we will be among the first to know about it. Listening to 2 days of inspiring talks, discussions and demonstrations, the main goal is for us to come and walk away feeling inspired and ready to take action in CloudAccountant and within the industry.

FreeAgent drop CIS functionality into mobile version

Cloud Accounting software specialists FreeAgent have now pushed out their CIS functionality to the mobile version of the product on both IOS and Android.
The ability to generate and send an invoice from a mobile device while out on site can help contractors to get paid quicker and keep all the paperwork up to date from the relative ease of FreeAgent’s intuitive mobile interface.

CloudAccountant.co.uk shortly to be awarded A2X Expert status

Amazon’s financial performance in the quarter ended March 2017 marketplace sellers responsible for 50% of the units sold via the website.

Sales during that period were $35.71 billion, so that’s a lot of money being made through Amazon’s marketplace.

If you want to get in on some of the Amazon reseller action Amazon have some handy guides that you can have a look at and see if it is something you fancy.

Partnership between Natwest, RBS and FreeAgent goes from strength to strength

The partnership established between Natwest, RBS and FreeAgent to allow small business users across the UK to enjoy the benefits of FreeAgent continues to go from strength to strength.
The initiative was launched by the banks back in March 2016 to find a cloud based accounting solution that would fit with their small business clients’ needs and FreeAgent emerged as the platform of choice from a list of 30 suppliers.

Five reasons not to put up with a bad accountant

Feeling stuck with your accountant? You aren’t alone.

Lots of people don’t switch accountants because they think the process will be painful and time consuming. The truth is that modern technology has reduced a lot of traditional barriers to switching accountants. And if you choose the right company, they should handle all the technical details for you.

Switching accountants is simple, even if it isn’t the end of your tax year.

Here are some reasons why you should do it.

Election aftermath: Who won the self-employed vote?

After a tumultuous election campaign the final result was anything but decisive. With no party winning an overall majority, we look at what freelancers wanted out of the election, who they voted for and what could happen next.

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