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.

CloudAccountant will be attending at Accountex 2017!

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.

Cloud based Todoist is a real life saver
Editor | 14 February 2017
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With the pace of life currently the way it is it can be difficulty to stay on top of everything at any one point in time.

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.

Xero has secured backing from a major technology investor from the US
Editor | 21 April 2017
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Xero, the cloud based accounting package of choice for SME’s, has secured backing from a major technology investor from the US

A $26m dollar investment has bought them a 1.3% stake in the company.

The investment is significant because it represents a growth area over in New Zealand where Xero are based which is attracting a lot of investment.

Bank to the Future with new Xero feature

Xero have announced a new Running Balance feature aimed at helping SME’s manage their cash flow with even more efficiency.
According to recent statistics 82% of small business fail as a result of cash flow problems so Xero have included the ability to add future transactions into the running balance.
This means that if you know you need to pay out £10,000 to HMRC in two weeks you can enter that payment and your bank will still reconcile but the system will reflect that payment so you don’t dip into money that should be set aside for something else.
Please note in order to view the running balance the page should be sorted in date order. This is the default view but some users may have changed it based on their preferences.
If you need any advice on Xero or how to use this new feature please get in touch with any member of your CloudAccountant accountancy team. Visit www.cloudaccountant.co.uk or email team@cloudaccountant.co.uk

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