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.
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.
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.
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, 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.
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.
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.
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