We are delighted to welcome our new Practice Manager - Muhammad Dar

We are delighted to welcome Muhammad Dar, FCCA, to the CloudAccountant and Agency Accountant team as our new Practice Manager.

Muhammad is a Fellow Member of Chartered Certified Accountants. In addition to holding a BSc (Hons) Degree in Applied Accounting, Muhammad is also a Fellow Member of the Association of Accounting Technicians.

Where will your business be in 5 years?

Now more than ever, future planning is a vital part of a successful business.

Knowing where you want to be in the future will help with decisions today and give you motivation on the hard days.

You wouldn’t start a journey without knowing which direction to follow; the same applies to your business!

We’ve put together a guide to help you produce your 5-year plan and create a roadmap between today and your future goals.

New government backed funding options for small businesses

A new scheme will help small British businesses get access to funding after they have had a loan application refused by a major bank.

Launched earlier this month, the government backed scheme will boost the supply of finance for small businesses by giving them access to new and innovative funding options like those provided by financial technology start-ups.
Bank lending to small businesses has declined in almost every year since the financial crisis. Major high street banks refused around £4bn worth of formal loan applications last year.

Tell HMRC if you’re registered for the VAT Import One Stop Shop in the EU

If you sell low value goods in consignments not exceeding £135 in value into Northern Ireland and you are registered for the VAT Import One Stop Shop (IOSS) in the EU, you must tell HMRC your IOSS registration number.

Business ideas with the biggest earning potential in 2021

Coronavirus disruption contributed to an uptick in the number of new business registrations in 2020 and experts predict more of the same this year.

Obviously money isn’t everything when it comes to entrepreneurship. Many people start businesses because they want more freedom or independence or because they are passionate about a side-project or product, but if your new business venture doesn’t make any money, then it’s not going to be sustainable.

So what kinds of businesses are going to make you money? Here is our list of businesses with the biggest earning potential.

Small business owners: 5 things to do before you take a holiday

Getting away and taking a holiday is crucial when you’re a small business owner. It helps you take a step back and plot the company’s trajectory, and more importantly, it gives you the chance to relax and recharge your batteries.
As the summer draws in, we’ve put together a short list of everything you can do to make sure you have the most enjoyable and distraction-free holiday possible.