The Best Cloud-Based Apps for Small Business Owners

Small business owners have a lot on their plate. And anything that makes their lives a little bit easier can pay huge dividends in the form of business growth and success.

A new breed of tools, which store information in the cloud and allow users to access it from anywhere, on any device, have revolutionised how these busy owners get things done.

RBS buys FreeAgent for £53m

The Royal Bank of Scotland has bought Edinburgh-based accountancy software provider FreeAgent, in a deal worth £53 million.
FreeAgent’s share price increased by more than 80% in a single day following the news.
RBS BidCo will acquire all of the issued and to-be-issued ordinary share capital, with shareholders entitled to receive 120 pence for each FreeAgent share held.
The cloud accountancy company directors have reportedly advised shareholders to accept the deal.

CloudAccountant obtains Xero Platinum status

This month CloudAccountant are pleased to report that they have attained the prestigious Platinum partner status with award winning cloud accounting software Xero.

Platinum represents the highest partner status achievable and CloudAccountant have worked with the Xero team since back in early 2015 having embraced the platform as the leading player in the cloud accounting market. It was clear early on that this disruptive technology would enable a greater collaboration in real time with our clients and this has certainly proven to be the case.

CloudAccountant will be attending Xerocon London 2017

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.

Xero has secured backing from a major technology investor from the US
Editor | 21 April 2017
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Xero, the cloud based accounting package of choice for SME’s, has secured backing from a major technology investor from the US

A $26m dollar investment has bought them a 1.3% stake in the company.

The investment is significant because it represents a growth area over in New Zealand where Xero are based which is attracting a lot of investment.

How Small Business Owners Save for Retirement

When you run a small business, it is easy to get caught up in the daily hustle of grind of winning business, delivering a great service and keeping people happy. But when you are so focused on growth and success in the short term, it can be difficult to think about the next few months, let alone decades.

This may be part of the reason why so many freelancers, limited company directors and other small business owners seem to be so ill-prepared for retirement.

Calls to tackle late payments after Carillion crisis

The collapse of the UK’s second largest construction company has, once again, brought late payments to the top of the national news schedule.

In the wake of Carillion’s liquidation, many small firms have been left in an uncertain position – unsure if they will be paid what they are owed.

For some firms, the problem has been compounded by the Carillion group’s punishing 120-day maximum payment terms.

9 unexpected benefits of online accounting software

There are all sorts of benefits of using online accounting software over spreadsheet-based or paper-based bookkeeping tools.
The main benefits are self-explanatory. Online bookkeeping is quick, cheap and accurate. But there are other, less well-known benefits that are also worth considering.

Xero,Expensify,Cloud accounting,cloudaccountant

Xero has named add-on provider Expensify as its global partner of the month for June.
As a global leader in cloud based accounting Xero has already opted to use Expensify for its own internal expense management and is involved in a number of join initiatives.

Half of small businesses have lost money on self-assessment

A survey of small businesses has revealed that 49% have, at some point, lost money through self-assessment submission errors, either through paying fines or by paying additional tax.

The survey, conducted by a cloud accountancy software company, also asked small businesses for their opinions about the new Making Tax Digital initiatives that will change the way that small businesses pay tax.

Of the 1,000 respondents, 62% said that they were prepared for the changes, with 20% reporting that they weren’t aware of the changes.

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