Calls to increase VAT threshold

The Association of Independent Professionals and the Self-Employed (IPSE) has called on the Chancellor to increase the VAT threshold from £85,000 to incentivise self-employed workers.

The plea was issued in response to a government consultation on the VAT threshold.

This consultation was opened after the Office for Tax Simplification (OTS) suggested that the threshold should be lowered significantly to £26,000 - the UK’s national average wage.

Xero lets small businesses get paid through email
Editor | 16 May 2018
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Cloud accounting software giants Xero have announced a new, faster way for small businesses to get paid.

Teaming up with Outlook and Microsoft Pay, small businesses will now be able to get paid through emails.

Xero customers who send digital invoices with Stripe as their payment service will soon be able to get paid quickly and easily through Outlook.

Payments in Outlook is a secure method of payment for clients.

Five personal tax changes for the new tax year

For personal tax, the new tax year starts on April 6 2018 and brings with it a host of tax changes and new regulations.
Will you get a tax cut or end up paying more?
There will be some winners and some losers this year, but whatever your financial position, you need to know how the changes will affect you.
Here are the five changes that we think are most important for personal finances.

New VAT rules for eBay and Amazon sellers
Editor | 23 March 2018
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The Government has granted HMRC strong new powers to make sure that online sellers are paying the right level of tax.

The key changes force online marketplaces like Amazon and eBay to clampdown on online sellers that aren’t paying the right level of VAT.

First announced in the Chancellor’s Autumn Budget in 2017, the new rules took effect last week.

They are designed to create a fair playing field between businesses that abide by tax laws and UK and international companies that flout them.

Financial Secretary to the Treasury, Mel Stride, said: “Whilst the honest majority pay what they owe, some businesses that sell goods online to UK shoppers are failing to pay the correct amount of VAT.

Ebay Tax Help
Editor | 8 February 2018
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Rising prices and flat wage growth contributed to a 30% surge in new business sellers on eBay last month.
Last year, the e-commerce platform announced, the top 10 most successful new businesses registered on eBay turned over a combined £6m through their online stores.
Cloud Accountant specialises in accounting and tax support to businesses that sell on eBay.

Minute’s silence to mark Manchester Attack one year ago

A minute’s silence will be held at CloudAccountant today at 2:30pm in remembrance of those who lost their lives and all others that were affected by the Manchester Concert Attack, one year ago.

As a Manchester based company, we thank our customers for their understanding and patience whilst our phone systems are turned off for a few minutes.

Online sellers: Make the most of the new tax year

Now is the perfect time to boost your tax efficiency, get organised and make a fresh start to the new tax year.
Take advantage of our introductory offer throughout May and start building your online business in 2018/19.
While the retail apocalypse continues to plague the British high street, online retailers have never had it so good.
People selling on platforms like eBay, Amazon and Shopify have more opportunities than ever before to generate sales and grow their online businesses.
Whether you are trying to turn your part-time side hustle into a full time job or you want to grow your online shop into a recognise brand, new tools make it easier than ever before.
Before you do anything else, however, it’s critical you get the financial side of things sorted.

RBS buys FreeAgent for £53m

The Royal Bank of Scotland has bought Edinburgh-based accountancy software provider FreeAgent, in a deal worth £53 million.
FreeAgent’s share price increased by more than 80% in a single day following the news.
RBS BidCo will acquire all of the issued and to-be-issued ordinary share capital, with shareholders entitled to receive 120 pence for each FreeAgent share held.
The cloud accountancy company directors have reportedly advised shareholders to accept the deal.

we reveal five apps that will help you stay on top of your business finances and grow your business.
Editor | 26 February 2018
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On average, people are supposed to check our phones 85 times a day. But we bet that entrepreneurs use their phones an awful lot more than that.
Many entrepreneurs run their lives via their mobile phones, keeping appointments, organising staff and managing tasks - so doesn’t it make sense to manage your business finances there too?
In this blog post, we reveal five apps that will help you stay on top of your business finances and grow your business.

FreeAgent lets you see who your best (and worst) customers are

A new feature in cloud accountancy software FreeAgent makes it easy to see who your best and worst customers are.
The Customer Sales Report was one of FreeAgent’s most requested features. It could play a key role in deciding who you should do business with in the future.
The new report shows you exactly how much income you’ve received from different clients in a given time frame. You can examine different periods of time and compare results from different months and years.

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