What Government Support is Available for Small Businesses?

The Government offers a range of loans, services and tools to help small businesses grow and improve productivity.

If you have just set up a new business, or are looking at ways to expand, then Government support is often the best (and cheapest) way to realise your goals.

In this blog post, we look at some of the schemes that can help small businesses achieve specific targets.

Choosing Making Tax Digital for VAT Software

There is less than a month left for VAT-paying businesses to prepare for Making Tax Digital (MTD).

MTD is the government’s flagship tax digitalisation scheme that will require all businesses to keep digital records and file and pay tax online.

MTD for VAT is the first stage of the digital roll-out and takes effect from 1 April 2019.

FreeAgent is First UK Accounting Software to offer Direct Bank Feeds

FreeAgent is the first UK accounting software provider to offer direct bank feeds via the Open Banking platform.

The announcement means that freelancers and small businesses will soon get secure access to their bank account information in FreeAgent.

They will be able to access up to six years of transaction data and eventually, will be able to create an initiate payments from within the software.

How Will Brexit Affect Freelancers?

Brexit has dominated headlines and column inches for around two years now but with little certainty on how a final deal will look, it is difficult to know how lea

DEAR Inventory for Xero Supercharges Inventory Management

DEAR Inventory is a cloud-based inventory management system for small and medium sized businesses that need to keep track of inventory.
The Xero add-on is designed for much more than just managing inventory levels. DEAR Inventory has features for e-commerce, purchasing, sales and accounting and allows businesses to gain deep insights on their costs and profitability.

Chancellor pushes on with Making Tax Digital

The Chancellor Philip Hammond has confirmed that he will push ahead with Making Tax Digital for VAT reforms in April, despite warnings that many firms are not ready for the change.

In the Chancellor’s written ministerial statement, he said that Making Tax Digital “is an important first step in this modernisation of the tax system to which the government remains committed.”

FreeAgent have launched their new and improved Partner Programme and CloudAccountant.co.uk have been awarded FreeAgent Platinum Partner status. FreeAgent wanted to develop a partner programme that meets the expectations of increasingly successful partners like CloudAccountant, with a more rewarding and achievable programme. What's new? FreeAgent have updated their programme tiers from Friendly, Partner and Premium Partner to Partner, Bronze, Silver, Gold, and Platinum. The new FreeAgent Partner Programme is

FreeAgent have launched their new and improved Partner Programme and CloudAccountant.co.uk have been awarded FreeAgent Platinum Partner status.
FreeAgent wanted to develop a partner programme that meets the expectations of increasingly successful partners like CloudAccountant, with a more rewarding and achievable programme.

Xero’s Instafile Will Make January Tax Filing Much Easier
Editor | 14 February 2019
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Did you struggle filing your tax return last month? Xero’s acquisition of Instafile promises to make tax preparation much easier next time around.

Instafile, which is only available through Xero Partners like CloudAccountant.co.uk, automates tax filing and reporting by connecting small businesses directly with tax authorities like HMRC.

KPMG Closes Small Business Accounting Division: What to do Next

KPMG has confirmed plans to close its small business accounting division, leaving customers to find a new Xero-ready accountancy practice.

KPMG's Small Business Accounting (SBA) division was an exciting new offering when it launched in 2014, but heavy subscription fees made it difficult for the big four accountancy firm to gain traction in the market.

How Tracking Time Can Boost Freelancer Profits

Alongside their market-leading skills, time is one of a freelancer’s most valuable assets. But too many freelancers don’t charge what they are worth.

Too often, freelancers don’t understand the true value of their time, and profits can suffer because of it.

FreeAgent - a cloud accounting software package designed for freelancers and other small businesses - has a time tracking feature that lets self-employed workers keep tabs on ALL of their time.

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