Payroll furlough tools added to FreeAgent and Xero

The UK’s Coronavirus Job Retention Schemes provides a lifeline for businesses struggling to come to terms with the pandemic.

Eligible employees can be ‘furloughed’ and the government will pay 80% of their pay, up to £2,500 per month. Employers can also top this pay up to 100% if they wish.

You can find out more details about the scheme on the government website.

To make it easier for businesses to access this scheme, Xero and FreeAgent have added new tools to their payroll systems.

Chancellor Revamps Coronavirus Loan Scheme

A loan scheme for small and medium sized firms impacted by coronavirus has been overhauled, making it easier for affected businesses to access funds.

The Chancellor has announced the extension of the Coronavirus Business Interruption Loan Scheme to all viable small businesses affected by the pandemic.

In a statement, the government said the move is intended to maximise the support available, promising that all small businesses will be eligible for a loan, should they need finance to keep operating during this difficult time.

Does my business qualify for coronavirus support?

Does my business qualify for coronavirus support?

Disruption caused by the Covid-19 outbreak is causing havoc for businesses up and down the country.

To help them through this difficult time, the government has announced a broad package of support for companies. But the quick-fire announcements have caused some confusion in the business community.

Business Continuity Update from Customer Service - COVID-19

CloudAccountant.co.uk have of course been putting together comprehensive plans to ensure that we are fully prepared for whatever the next few months brings. The planning has considered all key parts of our business.

Trade and Talent Top Small Business Brexit Wishlist
Editor | 6 February 2020
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As the UK officially leaves the European Union, small businesses are urging to government to focus on negotiating a trade deal with the EU and securing top talent from abroad.
Research from the Federation of Small Businesses (FSB) shows that the EU is the biggest trading bloc for small businesses that export (62%) and import (55%).

How coronavirus is affecting small online retailers

The coronavirus outbreak has had a huge impact on lives, jobs and businesses. Although many online retailers can continue trading through the disruption, they are by no means immune to the chaos.

Small online shops face a raft of new challenges and barriers to doing business, many of which are causing serious issues for companies.

In this blog post, we identify some of the biggest problems facing small online sellers during the coronavirus crisis.

Your work from home survival guide

Many business owners will be having their first taste of prolonged periods working from home at the moment.
If being at home has put you out of your comfort zone and impacted your productivity, we have put together some useful tips to get you through the working week and help you manage your time more efficiently.

How the Budget will Affect Your Small Business

The latest budget statement contained some important takeaways for small business owners and freelancers.

Understandably given the circumstances, many of the announcements were made in response to the economic threat posed by the COVID 19 outbreak.

We’ve provided a handy summary of the most important announcements below.

Five things your accountant can do as well as taxes

If you are self-employed or you run your own business, then your accountant probably helps look after your books and provides assistance when it is time to fill in your tax return.
Most small business owners find this kind of help incredibly useful, especially if they use cloud accounting software like FreeAgent or Xero to stay on top of the bookkeeping.

Freelancers Beat the January Blues
Editor | 30 January 2020
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Freelancing could help fight back against the January Blues, new research from IPSE (the Association of Independent Professionals and the Self-Employed) suggests.

The trade body representing freelancers found that more than three quarters (77%) of freelancers were happy working for themselves, while only five percent said that they were unhappy. This compares to a national average of 69% who are happy in their jobs.

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