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.

Cloud Accounting software specialists FreeAgent have now pushed out their CIS functionality to the mobile version of the product on both IOS and Android.
The ability to generate and send an invoice from a mobile device while out on site can help contractors to get paid quicker and keep all the paperwork up to date from the relative ease of FreeAgent’s intuitive mobile interface.

Feeling stuck with your accountant? You aren’t alone.

Lots of people don’t switch accountants because they think the process will be painful and time consuming. The truth is that modern technology has reduced a lot of traditional barriers to switching accountants. And if you choose the right company, they should handle all the technical details for you.

Switching accountants is simple, even if it isn’t the end of your tax year.

Here are some reasons why you should do it.

Accountex combines a world-class conference and exhibition dedicated to Accountancy Professionals. CloudAccountant will be sending Ricky Patidar to network with the industry leading businesses presenting in the exhibition at the Excel Centre in London and find out about the new technology and systems that will keep us at the cutting edge.