Submitting Your Self-Assessment Fast This Christmas

Christmas is a popular time for submitting Self-Assessments to HMRC ahead of the 31 January deadline.

Last year, 16,000 people submitted their tax return online between 24 and 26 December. This included more than 2,500 submissions on Christmas Day and almost 7,700 the day after on Boxing Day.

More than 17,000 people also submitted their Self-Assessments on the New Year’s Day bank holiday.

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.

Five steps to get your side business set up for tax

In today’s economy, many people choose to supplement their full or part-time income by setting up a small business on the side.
It might be using a particular skill to complete some ‘on the side’ freelance work, or attempting to earn money from a hobby like crocheting or knitting.
For many, the ‘side hustle’ is just a way of earning some extra cash, but others treat it like a passion project that they would like to see growing to replace their full-time job.

Why Spreadsheets are Holding Back Your Business

Is your business still using spreadsheets to manage its bookkeeping and accounts? It could be slowing you down and hurting your company.

Whether it is invoicing, checking figures or speaking to your accountant, spreadsheets more manual effort. Cloud-based accounting software automates many of these processes, making you more efficient

Forty percent of freelancers want to retire before their sixties

A survey of self-employed workers has found that more than four in ten freelancers hope to retire before they turn 61.
The new research focused on freelancer’s plans in 2018 and beyond. But with separate research suggesting that freelancers are not saving enough for their retirement – careful money management will become more important for self-employed people.
Cloud accounting software packages like Xero and FreeAgent can help freelancers save for their future.

CloudAccountant.co.uk shortly to be awarded A2X Expert status

Amazon’s financial performance in the quarter ended March 2017 marketplace sellers responsible for 50% of the units sold via the website.

Sales during that period were $35.71 billion, so that’s a lot of money being made through Amazon’s marketplace.

If you want to get in on some of the Amazon reseller action Amazon have some handy guides that you can have a look at and see if it is something you fancy.