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.

Cloud Accountant is Making Tax Digital Ready
Editor | 20 September 2018
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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.

FreeAgent lets you see who your best (and worst) customers are

A new feature in cloud accountancy software FreeAgent makes it easy to see who your best and worst customers are.
The Customer Sales Report was one of FreeAgent’s most requested features. It could play a key role in deciding who you should do business with in the future.
The new report shows you exactly how much income you’ve received from different clients in a given time frame. You can examine different periods of time and compare results from different months and years.

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.

GoCardless makes collecting payments effortless in Xero
Editor | 19 September 2018
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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.

Alien encounters and other bad excuses for late tax returns

With less than a week to go before the self-assessment deadline, HMRC has revealed some of the worst excuses taxpayers have offered after failing to complete their returns on time.
Topping the list was the unlikely claim that “I couldn’t file my return on time as my wife has been seeing aliens and won’t let me enter the house”.

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