If you’re a sole trader, a partner in a business partnership, a limited Company Director or Shareholder or have other untaxed income, you may need to complete an online self-assessment tax return (and pay what you owe) by 31 January 2021.
UK micro-businesses spend ten weeks of the year working on financial according to research from digital business bank Starling.
In a new report, the app-based challenger bank shines a light on the working practices of 5.6 million of the UK’s smallest firms.
Rising prices and flat wage growth contributed to a 30% surge in new business sellers on eBay last month.
Last year, the e-commerce platform announced, the top 10 most successful new businesses registered on eBay turned over a combined £6m through their online stores.
Cloud Accountant specialises in accounting and tax support to businesses that sell on eBay.
Xero, the online Cloud Accounting provider, have entered into a partnership with Curve to simply expense processing to such an extent that they claim they can make “expense admin disappear”
The beauty and simplicity of Curve is that it enables you to link multiple bank cards to one single Curve card which then links directly into Xero enabling Xero to import the right data for every single transaction.
With a fast and intuitive setup process and interface Curve is looking to remove as much of the manual administration possible from entering expenses. If you’ve ever had to go through your wallet to find those rail tickets and meal receipts you need to complete your expenses form you will know some of the pain that Curve can take away.
If you’re interested in Xero, Curve or Cloud Accounting in general then get in touch with us today and we can talk you through the benefits of each and have you up and running within 24 hours.
The word maths is enough to strike fear into the heart of anyone who struggled with the subject at school.
But today, when technology makes day to day calculations easier for everybody, do business owners still need to be good at maths?
Accounting software makers FreeAgent has launched a trio of new features, making it even easier for self-employed workers and small business owners to get paid faster.
Late payments are a scourge on the self-employed and small business community. Research from Bacs* suggests that late payers cost SMEs up to £23.4bn every year, which is not to mention the unnecessary stress and anxiety caused to millions of the UK’s smallest businesses.
A growing number of young people are turning to Depop to make money online.
People can make hundreds or thousands of pounds each month selling vintage clothing, trainers and other items to millions of teenagers and twenty somethings right around the world.
CloudAccountant.co.uk are e-commerce specialists, taking the hassle out of book keeping and accounts for online sellers.
Whether you are just starting out or are an experienced seller, find out how we can help you grow your online business today. Call: 0808 281 0303.
If you have a Business PayPal account, you can set up an automatic bank feed in Xero. New transactions are imported every 24 hours. If you use multiple currencies in PayPal, then you can import each currency separately using Xero’s multi-currency capability, powered by XE.com.
PayPal bank feeds are far superior than importing your PayPal statements manually. As you may have experienced, PayPal statements have the tendancy of having line items in there that do not actually affect your balance. When you import this into Xero it can become difficult to reconcile the bank. To keep your accounts clean, Xero will only import transactions that change your PayPal balance – so you don’t need to deal with credit card purchases on your PayPal account or with currency conversions.
CloudAccountant will be attending Xerocon London 2017, another hugely successful event following on from our attendance at Accountex 2017.,
Xero has become the accounting platform that connects a global community of small and larger businesses, apps, advisors, banks and government – with simple, elegant online accounting software at its core. The industry is changing rapidly as a result of the disruption caused by cloud accounting and will continue to change at a similar pace with Xero at the forefront of many of these developments. Xero will be exhibiting new products and exciting company partnership announcements, and we will be among the first to know about it. Listening to 2 days of inspiring talks, discussions and demonstrations, the main goal is for us to come and walk away feeling inspired and ready to take action in CloudAccountant and within the industry.
Tracking categories in Xero can be used for a number of different options, keeping a track of the work you do for a certain job or seeing how much profit you make per job.
For example, you can set up tracking per region. This can be done by adding tracking category options through the settings in Xero. Once done, they will appear in most instances when you are working in Xero, for example, when creating invoices/quotes, raising purchase invoices/bills and even when reconciling the bank.