Tax ‘red tape’ holding back businesses

A majority of British businesses agree that the cost of complying with the UK tax system has increased in recent years, according to new evidence from the British Chambers of Commerce (BCC).

A BCC survey of 1,100 firms found that three-quarters of businesses believe that the overall burden of tax administration and compliance has increased compared to five years ago.

FreeAgent, Making Tax Digital, HMRC, VAT,
Editor | 31 July 2018
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Freelancer and micro business accountancy software provider FreeAgent has been backed by HMRC to support the new Making Tax Digital (MTD) initiative for VAT.

FreeAgent is one of just a few accounting software companies to be included on the list of HMRC’s approved suppliers for VAT.

More than 130 software suppliers have told HMRC that they are interested in providing MTD software for VAT. After prototype testing of the software, only 22 suppliers have so far been approved by the taxman.

Get The New Xero Expenses App For Free

Xero Expenses has received a big update and you can access the new and improved features for free until 28 September 2018.

Bolstered by AI, the new and improved expenses add-on will speed up expenses management and give you greater visibility over your finances.

As a thank you to existing Xero customers, the company is offering Xero Expenses for free until the 29 September.

Xero Add-On A2X Accounting is Perfect for Amazon Sellers CloudAccountant

Certified Xero connected application A2X Accounting makes life easy for Amazon sellers.

Recommended for big and small Amazon sellers, the add-on package makes using cloud accounting software Xero even simpler - posting easy-to-reconcile summary invoices directly into the software.

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.

Four Young Depop Sellers Making Money Online

A growing number of young people are turning to Depop to make money online.

People can make hundreds or thousands of pounds each month selling vintage clothing, trainers and other items to millions of teenagers and twenty somethings right around the world.

CloudAccountant.co.uk are e-commerce specialists, taking the hassle out of book keeping and accounts for online sellers.

Whether you are just starting out or are an experienced seller, find out how we can help you grow your online business today. Call: 0808 281 0303.

Small business tax probes too intensive

The taxman has come under fire after it was revealed that more than half of small and medium sized enterprises (SMEs) think that HMRC’s tax investigations are too intensive.

Commissioned by the exchequer, the research showed that 52% of small businesses find HMRC tax investigations too intensive and 56% said they don’t think HMRC tries to minimise disruptions caused by the cost, time and effort of inquiries.

How to secure your Xero login cloudaccountant

Your business depends on keeping data secure. And this counts double for sensitive financial information.

It’s normally big companies that make the news when they have a data breach, but cybercriminals are targeting small businesses like yours as well.

Research indicates that 40% of cyber attacks in 2017 were targeted at small businesses and this is increasing.

Most small businesses can’t afford advanced in-house data security systems.

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.

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