We were just reading an excellent article in the Xero Discussion Group on Linkedin written by Chris Hooper and titled “Accountants don’t get Saas”. It looks at how traditional reporting doesn’t meet all businesses needs.
The article highlighted some of the biggest complaints businesses may have against their current accountant and included the following:

Has your company filed a PSC register yet?

From 6 April 2016 most companies have been required to hold a register detailing all the 'people with significant control’ (PSC) in the business. So far, guidance is not clear about the consequences of non-compliance, but the possibility of criminal charges or the prospect of HMRC investigations should be enough to get any company to fill in the form.

The new national living wage came into effect at the start of this month, and while many workers have welcomed the increase, lots of small business owners have reported that they will struggle to afford the increase while retaining all of their staff members.
The national living wage is a new compulsory minimum wage of £7.20 per hour for the over 25s. This is a 50 pence increase from the previous rate of £6.70.

Xero to Raise Prices
Editor | 25 April 2016
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Since launching in the UK, Xero has grown to over 100,000 UK subscribers and over 4,000 UK partners. Here at CloudAccountant.co.uk we are Silver Xero Partners and rapidly heading towards Gold Partner Status.

FreeAgent: Freelancers missing out on £238 million

Leading cloud-based accountancy software provider FreeAgent has found that nearly a quarter of a billion pounds go unclaimed by freelancers and microbusinesses each year because minor expenses are deemed too insignificant to reclaim.
The software provider reported that because its customer base of freelancers, contractors and very small business owners were reluctant to claim expenses worth less than £10, they were missing out on a massive £238 million each financial year.