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.
KPMG has confirmed plans to close its small business accounting division, leaving customers to find a new Xero-ready accountancy practice.
KPMG's Small Business Accounting (SBA) division was an exciting new offering when it launched in 2014, but heavy subscription fees made it difficult for the big four accountancy firm to gain traction in the market.
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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.
This month CloudAccountant are pleased to report that they have attained the prestigious Platinum partner status with award winning cloud accounting software Xero.
Platinum represents the highest partner status achievable and CloudAccountant have worked with the Xero team since back in early 2015 having embraced the platform as the leading player in the cloud accounting market. It was clear early on that this disruptive technology would enable a greater collaboration in real time with our clients and this has certainly proven to be the case.
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.
If you are a NatWest or Royal Bank of Scotland (RBS) small business customer, you can access the FreeAgent cloud accountancy software platform for free.
If you use either of these services, Cloud Accountant can help you get set up on the software for free, with additional support from a team of qualified accountants.
You can also sign up for the software for free on the NatWest or RBS website.
Christmas is a popular time for submitting Self-Assessments to HMRC ahead of the 31 January deadline.
Last year, 16,000 people submitted their tax return online between 24 and 26 December. This included more than 2,500 submissions on Christmas Day and almost 7,700 the day after on Boxing Day.
More than 17,000 people also submitted their Self-Assessments on the New Year’s Day bank holiday.
The taxman has come under fire after it was revealed that more than half of small and medium sized enterprises (SMEs) think that HMRC’s tax investigations are too intensive.
Commissioned by the exchequer, the research showed that 52% of small businesses find HMRC tax investigations too intensive and 56% said they don’t think HMRC tries to minimise disruptions caused by the cost, time and effort of inquiries.
When it comes to setting up backroom functions, eBay and Amazon sellers and other small online retail companies face some tricky challenges. Particularly when it comes to seemingly complex processes like accounting.