Welcoming our new Client Engagement Manager Ellie, to the Cloud team!

“I am delighted to join CloudAccountant.co.uk and be part of the rapidly expanding team.
I’m really excited about being able to focus on our customers and ensure you are provided with the support and exceptional service CloudAccountant are so proud to offer. Even though we are an online service we’re real people, and I’ll be at the end of the phone for a chat and to listen to your business needs whenever you need me. My primary objective will be making your life easier!

I want to really focus on our clients’ experiences, listen to your feedback and be the first point of contact and support for you. I will always ensure your query gets directed to our experienced accountants who have the specialist skills to assist you, allowing you to focus your time and effort on growing your business.
I’ll be in touch with everyone soon to say hello and learn more about you and your business, However, if you have any urgent feedback or need help with any aspect of our service, please don’t hesitate to get in touch! I look forward to speaking with you soon”. Email ellie.preston@cloudaccountant.co.uk or call 07775 603799 / 01625 544 675

Applying the VAT Cut in FreeAgent and Xero
Editor | 16 July 2020
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A VAT cut in the food, drink and hospitality sectors came into force this week following the Chancellor’s ‘Summer Economic Update’ last week.

Payroll furlough tools added to FreeAgent and Xero

The UK’s Coronavirus Job Retention Schemes provides a lifeline for businesses struggling to come to terms with the pandemic.

Eligible employees can be ‘furloughed’ and the government will pay 80% of their pay, up to £2,500 per month. Employers can also top this pay up to 100% if they wish.

You can find out more details about the scheme on the government website.

To make it easier for businesses to access this scheme, Xero and FreeAgent have added new tools to their payroll systems.

Freelancers Beat the January Blues
Editor | 30 January 2020
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Freelancing could help fight back against the January Blues, new research from IPSE (the Association of Independent Professionals and the Self-Employed) suggests.

The trade body representing freelancers found that more than three quarters (77%) of freelancers were happy working for themselves, while only five percent said that they were unhappy. This compares to a national average of 69% who are happy in their jobs.

Where to get help with your self-assessment

Every year around 11 million Brits are required to submit and pay a self-assessment tax return by January 31.

Many people are already way ahead of the game, with around 3,000 people completing their returns on Christmas Day and about 50,000 filing on New Year’s Eve and New Year’s Day.

But with the deadline looming large, many more are looking for help to fill in their online forms. In this blog post, we look at some of the best sources of help for self-assessment strugglers, but first, we’ll find out who actually needs to complete a tax return.

Choosing Making Tax Digital Accounting Software for your Business

Making Tax Digital is a government scheme to digitise business taxation in the UK. It is being rolled out in phases, starting with businesses that pay VAT.

Businesses with a revenue above the VAT threshold must now file VAT returns digitally. And the only way to do this is by using compatible accounting software.

We’re still at home – and still working for you!! But from Monday most of the team will be back in our offices, observing the rules, and looking forward to picking up where we left off before we rudely interrupted by a pandemic, with our first class, friendly accountancy service!!

Five things your accountant can do as well as taxes

If you are self-employed or you run your own business, then your accountant probably helps look after your books and provides assistance when it is time to fill in your tax return.
Most small business owners find this kind of help incredibly useful, especially if they use cloud accounting software like FreeAgent or Xero to stay on top of the bookkeeping.

Accounting the most stressful part of running a small business

UK micro-businesses spend ten weeks of the year working on financial according to research from digital business bank Starling.
In a new report, the app-based challenger bank shines a light on the working practices of 5.6 million of the UK’s smallest firms.

Claiming Christmas Party Expenses Through Your Limited Company

Christmas might still feel half an age away, but many limited company owners will be frantically trying to agree dates and arrangements for their annual Xmas bash.

The company Christmas party is traditionally a time to thank employees for all of their hard work and let loose with food, alcohol and entertainment. And whether you are a one-person limited company or a firm employing 50 people or more, the good news is that you can claim back some party expenses from your annual tax liability.

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