Cloud Accountant is Making Tax Digital Ready
Editor | 20 September 2018
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Cloud Accountant is ready to help contractors, freelancers and other small business owners make the most of HMRC’s new Making Tax Digital (MTD) requirements.

Having been awarded Xero’s Making Tax Digital Ready accreditation, our specialist digital accountancy practice can help small business owners put the required software and processes in place before the first MTD deadline in April 2019.

From next April, companies that exceed the £85,000 VAT revenue threshold will no longer be able submit VAT returns manually. Instead, companies will need to use HMRC-compliant software to track and submit the returns automatically.

Should I use FRS 105 for my small business?
Editor | 18 September 2018
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Financial Reporting Standards (FRS) 105 is a format that micro-entities can use to set out their financial statements.

It was introduced as an optional alternative for some of the smallest businesses that have no reason to use special accounting practices. But the simplified standards may not be suitable for all businesses.

Editor | 5 September 2018
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Cloud accounting software provider FreeAgent has been given permission by the Financial Conduct Authority (FCA) to provide Open Banking services to freelancers, contractors and other micro-business owners.

eBay Sellers: 5 eBay UK YouTubers You Should Be Watching

Want to make a full-time living from selling on eBay? It can be a tough game, but there are thousands of resources out there to help you learn the trade.

Some of the richest learning assets can be found on YouTube, where dozens of professional eBay sellers are sharing the tips and tricks that helped them get rich through online selling.

This is our pick of the best UK eBay sellers that can help you on your eBay selling journey.

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.

GoCardless makes collecting payments effortless in Xero
Editor | 19 September 2018
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As you may well know, here at CloudAccountant, we are big fans of Xero. If you are looking for a simple, easy way to manage bookkeeping and accounting, then Xero is your best option as the market leading accounting software.

Xero also has a choice of ways it can help you ensure you get paid – making it easier to keep on top of cashflow. And these are generally linked to Xero in the form of add-ons. The beauty of these new systems is that it adds another way of getting paid, with a simple, automated interface.

The Hidden Health Risks of Self-Employment
Editor | 11 September 2018
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Self-employed workers and other micro business owners face hidden mental and physical health risks, according to research from cloud accountancy software provider FreeAgent.

The award-winning UK software company surveyed nearly 600 freelancers and small business owners and found that 73% thought that the pressures of the job had put their health under strain.

Almost four-in-ten said that freelancing affected their mental and physical health, while one-in-ten said it affected their physical health only and a quarter said it affected their mental health only.

Are you using Amazon’s FBA (Fulfilled by Amazon) service to sell products online?

Are you using Amazon’s FBA (Fulfilled by Amazon) service to sell products online?

You can simplify bookkeeping and free up time to focus on what matters by using cloud accountancy software, backed up with expert support from the online selling accountancy specialists at CloudAccountant.co.uk.

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.

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