How to secure your Xero login cloudaccountant

Your business depends on keeping data secure. And this counts double for sensitive financial information.

It’s normally big companies that make the news when they have a data breach, but cybercriminals are targeting small businesses like yours as well.

Research indicates that 40% of cyber attacks in 2017 were targeted at small businesses and this is increasing.

Most small businesses can’t afford advanced in-house data security systems.

Apple Pay speeds up credit control in Xero

Xero have released integration with Apple enabling users to pay Xero invoices from their phone via Apple Pay.

The growth of mobile payments has been considerable over the last year and it is expected to continue over the next few years as mobile payments will move to become the default method of payment for many transactions.

Xero has shown that 60% of the invoices sent from their software will become overdue. With the ability for clients to pay those invoices through Apple Pay it is anticipated that many invoices will be paid off up to 80% faster than traditional methods.

Xero teams up with expenses company for better product

Top cloud accountancy software provider Xero has teamed up with Expensify, one of the fastest growing expense reporting software providers, to make expenses even easier for small business owners.
The partnership will see closer integration between the platforms. Initially the new features will only be available in the United States, but will spread worldwide in the coming months as both companies seek to ramp up global growth.

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.

New VAT rules for eBay and Amazon sellers
Editor | 23 March 2018
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The Government has granted HMRC strong new powers to make sure that online sellers are paying the right level of tax.

The key changes force online marketplaces like Amazon and eBay to clampdown on online sellers that aren’t paying the right level of VAT.

First announced in the Chancellor’s Autumn Budget in 2017, the new rules took effect last week.

They are designed to create a fair playing field between businesses that abide by tax laws and UK and international companies that flout them.

Financial Secretary to the Treasury, Mel Stride, said: “Whilst the honest majority pay what they owe, some businesses that sell goods online to UK shoppers are failing to pay the correct amount of VAT.

Freelancers reveal the negative side of self-employment

Generally speaking, freelancers love freelancing. The freedom and control that freelancing brings is precious for hundreds of thousands of independent British workers, but at the same time it can be a very difficult job.
The common misconception that freelancers pop out for coffee whenever they like and still earn fistfuls of cash isn’t true for most people.
With the ‘gig economy’ under review and the government eyeing the flexible sector for a tax cash grab, some freelancers have revealed the dark and dirty side of self-employment.
Physical, emotional and financial tolls are all part of daily life for freelancers, but there are things that can be done to soften the hardship.

Micro-businesses each lose nearly £2k per year in unpaid invoices

Non-payment of invoices is a huge problem for the nation’s freelancers, contractors and micro-businesses, according to new evidence from cloud-based contractor accountancy software company FreeAgent.
Micro-business owners will likely know the frustration of late or non-payment of invoices, but may well have underestimated the huge costs associated with writing off unpaid bills.

Cloud Accountant new offices

CloudAccountant.co.uk (a new trading style of Umbrella Accountants LLP) are keen to dispel the rumour that accountants can be boring. With Cloud Accounting being the fresh, modern, hi-tech face of accountancy they decided to follow the examples set by large internet based businesses including Google, AO.com and Manchester based, UKFast.