Cloud Accountant is Making Tax Digital Ready
Cloud Accountant is Making Tax Digital Ready
Editor | 20 September 2018
Making Tax Digital
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HMRC
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MTD
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VAT
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Xero
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freeagent
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cloudaccountant

Cloud Accountant is ready to help contractors, freelancers and other small business owners make the most of HMRC’s new Making Tax Digital (MTD) requirements.

Having been awarded Xero’s Making Tax Digital Ready accreditation, our specialist digital accountancy practice can help small business owners put the required software and processes in place before the first MTD deadline in April 2019.

From next April, companies that exceed the £85,000 VAT revenue threshold will no longer be able submit VAT returns manually. Instead, companies will need to use HMRC-compliant software to track and submit the returns automatically.

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Should I use FRS 105 for my small business?
Should I use FRS 105 for my small business?
Editor | 18 September 2018
FRC
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FRS 105
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Micro entities
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small businesses

Financial Reporting Standards (FRS) 105 is a format that micro-entities can use to set out their financial statements.

It was introduced as an optional alternative for some of the smallest businesses that have no reason to use special accounting practices. But the simplified standards may not be suitable for all businesses.

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FreeAgent to Offer Open Banking Services to Freelancers
Editor | 5 September 2018
Open Banking
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freeagent
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freelancers
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FCA
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apps

Cloud accounting software provider FreeAgent has been given permission by the Financial Conduct Authority (FCA) to provide Open Banking services to freelancers, contractors and other micro-business owners.

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GoCardless makes collecting payments effortless in Xero
GoCardless makes collecting payments effortless in Xero
Editor | 19 September 2018
GoCardless
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Xero
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cloudaccountant
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Payments
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Paid
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cashflow
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Directl

As you may well know, here at CloudAccountant, we are big fans of Xero. If you are looking for a simple, easy way to manage bookkeeping and accounting, then Xero is your best option as the market leading accounting software.

Xero also has a choice of ways it can help you ensure you get paid – making it easier to keep on top of cashflow. And these are generally linked to Xero in the form of add-ons. The beauty of these new systems is that it adds another way of getting paid, with a simple, automated interface.

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The Hidden Health Risks of Self-Employment
The Hidden Health Risks of Self-Employment
Editor | 11 September 2018
freelancers
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freeagent
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Health
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Mental health

Self-employed workers and other micro business owners face hidden mental and physical health risks, according to research from cloud accountancy software provider FreeAgent.

The award-winning UK software company surveyed nearly 600 freelancers and small business owners and found that 73% thought that the pressures of the job had put their health under strain.

Almost four-in-ten said that freelancing affected their mental and physical health, while one-in-ten said it affected their physical health only and a quarter said it affected their mental health only.

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