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.
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.
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.
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.
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.
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?
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.
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.
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.
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.
0808 281 0303
0808 281 0303
