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.
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.
If you are a NatWest or Royal Bank of Scotland (RBS) small business customer, you can access the FreeAgent cloud accountancy software platform for free.
If you use either of these services, Cloud Accountant can help you get set up on the software for free, with additional support from a team of qualified accountants.
You can also sign up for the software for free on the NatWest or RBS website.
Monday 24th December - 8.30am - 2pm
Tuesday 25th December - CLOSED
Wednesday 26th December - CLOSED
Thursday 27th December - 8.30am - 4pm
Friday 28th December - 8.30am - 4pm
Monday 31st December - 8.30am - 4pm
Tuesday 1st January - CLOSED
If you are self-employed, you can claim back expenses against your income to reduce your overall business profit and the amount of tax you pay.
For example, if you earn £40,000 through self-employment and claim back £5,000 in allowable expenses, your profit will be £35,000, so you will only pay tax on this.
Many of these allowable expenses are obvious. And if you have been self-employed for a few years you will know most of them. But there are certain less obvious expenses that you might not have claimed for.
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.
Santander became the latest bank to invest in cloud accounting technology for small businesses when it acquired Albert in December.
The Spanish banking group bought the UK-based invoicing app for sole traders and micro businesses in an attempt to fight off competition from challenger financial firms and other established banks.
Take ownership of your business across Amazon, eBay, Shopify and more, with Linnworks' Multi Channel eCommerce Software, trusted by thousands of online sellers.
Christmas is a popular time for submitting Self-Assessments to HMRC ahead of the 31 January deadline.
Last year, 16,000 people submitted their tax return online between 24 and 26 December. This included more than 2,500 submissions on Christmas Day and almost 7,700 the day after on Boxing Day.
More than 17,000 people also submitted their Self-Assessments on the New Year’s Day bank holiday.
Small Business Saturday is a relatively new celebration that celebrates the thousands of small businesses that help make Britain great.
The day itself is in less than two weeks, and there are lots of brilliant ways that shops, cafes and all sorts of other independents can get involved.
Here are our top tips for a successful Small Business Saturday.
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