Big Firms Could Be Charged in Latest Late Payment Crackdown

Proposals released by Small Business Minister Kelly Tolhurst will make the boards of big companies more accountable for late payments to small businesses.

And, for the first time, large firms could be fined if they don’t pay smaller suppliers on time.

The amount owed in late payments has halved over the last five years, but the government wants to go further to support the nation’s smallest businesses.

Would You Use This Xero Boss’s ‘Coffee Cup’ Interview Technique?

The boss of accounting software firm Xero Australia has revealed an innovative and somewhat controversial interview technique that he uses to weed out candidates that don’t fit with the company culture.

Trent Innes’ technique has nothing to do with skills or experience, it’s all down to how interview candidates deal with a dirty coffee cup.

Amazon Charges HMRC More than It Pays in Tax

HMRC paid Amazon £11 million for web hosting services in 2018, more than six times the £1.7 million than Amazon’s main UK business paid in corporation tax.

A new report from the GMB union reveals that Amazon received more than £460 million worth of public contracts in the last four years.

FreeAgent Making Tax Digital MTD VAT CloudAccountant.co.uk

Making Tax Digital (MTD) for VAT is here and it means a number of important changes to the way that businesses file and report their VAT.

If you run a VAT-registered business with a taxable turnover above the VAT threshold of £85,000, you are required to keep digital VAT records using MTD-compatible software like FreeAgent or Xero.

The new rules took effect from April 2019. To make life easier for busy business owners, FreeAgent has introduced a range of updates and improvements to their VAT filing system.

In this blog post, we detail some new features and functionality that will make the VAT process quick and simple.