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.

Xero Launches First TV Advert

Following the introduction of Making Tax Digital for VAT, cloud accounting software provider Xero has launched its first UK television advert.

The not-so-typical accountancy ad shows a business owner come stunt driver changing the back wheel of his car while still in motion.

Xero’s Instafile Will Make January Tax Filing Much Easier
Editor | 14 February 2019
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Did you struggle filing your tax return last month? Xero’s acquisition of Instafile promises to make tax preparation much easier next time around.

Instafile, which is only available through Xero Partners like CloudAccountant.co.uk, automates tax filing and reporting by connecting small businesses directly with tax authorities like HMRC.

KPMG Closes Small Business Accounting Division: What to do Next

KPMG has confirmed plans to close its small business accounting division, leaving customers to find a new Xero-ready accountancy practice.

KPMG's Small Business Accounting (SBA) division was an exciting new offering when it launched in 2014, but heavy subscription fees made it difficult for the big four accountancy firm to gain traction in the market.

Expenses You Might Have Missed From Your Self-Employed Self-Assessment

If you are self-employed, you can claim back expenses against your income to reduce your overall business profit and the amount of tax you pay.

For example, if you earn £40,000 through self-employment and claim back £5,000 in allowable expenses, your profit will be £35,000, so you will only pay tax on this.

Many of these allowable expenses are obvious. And if you have been self-employed for a few years you will know most of them. But there are certain less obvious expenses that you might not have claimed for.

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.

Chancellor pushes on with Making Tax Digital

The Chancellor Philip Hammond has confirmed that he will push ahead with Making Tax Digital for VAT reforms in April, despite warnings that many firms are not ready for the change.

In the Chancellor’s written ministerial statement, he said that Making Tax Digital “is an important first step in this modernisation of the tax system to which the government remains committed.”

How Will Brexit Affect Freelancers?

Brexit has dominated headlines and column inches for around two years now but with little certainty on how a final deal will look, it is difficult to know how lea

DEAR Inventory for Xero Supercharges Inventory Management

DEAR Inventory is a cloud-based inventory management system for small and medium sized businesses that need to keep track of inventory.
The Xero add-on is designed for much more than just managing inventory levels. DEAR Inventory has features for e-commerce, purchasing, sales and accounting and allows businesses to gain deep insights on their costs and profitability.

How to Have a Successful Small Business Saturday

Small Business Saturday is a relatively new celebration that celebrates the thousands of small businesses that help make Britain great.

The day itself is in less than two weeks, and there are lots of brilliant ways that shops, cafes and all sorts of other independents can get involved.

Here are our top tips for a successful Small Business Saturday.

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