Editor | 5 August 2019
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Nobody gets into because they love accountancy. But if you want your new venture to succeed and grow, you can’t afford to ignore the finances.

Bookkeeping and taxes can be scary for first-time business owners, but it isn’t too tricky as long as you pay attention to the basics.

In this blog post we share some business finance fundamentals that you need to get right if you want to sell online successfully.

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.

Expenses You Might Have Missed From Your Self-Employed Self-Assessment

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.

FreeAgent drop CIS functionality into mobile version

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.

Five reasons not to put up with a bad accountant

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.

Amazon Charges HMRC More than It Pays in Tax

HMRC paid Amazon £11 million for web hosting services in 2018, more than six times the £1.7 million than Amazon’s main UK business paid in corporation tax.

A new report from the GMB union reveals that Amazon received more than £460 million worth of public contracts in the last four years.

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.

How to Have a Successful Small Business Saturday

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.

Partnership between Natwest, RBS and FreeAgent goes from strength to strength

The partnership established between Natwest, RBS and FreeAgent to allow small business users across the UK to enjoy the benefits of FreeAgent continues to go from strength to strength.
The initiative was launched by the banks back in March 2016 to find a cloud based accounting solution that would fit with their small business clients’ needs and FreeAgent emerged as the platform of choice from a list of 30 suppliers.

CloudAccountant Accountex 2017

Accountex 2017 took place over two days in London and from our first hand experience it was a superb event with plenty of businesses showcasing their latest software and technologies. Ricky Patidar was dispatched to represent CloudAccountant.co.uk.

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