Use automatic invoice reminders to get paid faster with Xero

Waiting to get paid is one of the most frustrating things about running a small or medium-sized business.

A study by the Federation of Small Businesses (FSB) found that UK small businesses are owed an average of £6,142 - mostly by larger firms.

Sometimes, raising and chasing invoices can feel like a full-time job in itself, even if you’re using time-saving software like Xero.

If you’re struggling with late payments or you want to spend less time on the monthly financial admin, using automatic invoice reminders could help.

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.

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.

VAT: An introduction for small businesses

Registering for VAT can feel scary for businesses, but it is an essential part of growth. In this brief introduction to the tax, we give you all the most important information to help you grow more comfortable with the tax.

Maximise online sales this Black Friday
Editor | 23 November 2020
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Originally conceived in the United States, Black Friday has grown to become a shopping event right here in the UK.
Less than a month before Christmas, the shopping day is traditionally a bargain hunter’s dream come true. Recent years have seen hordes of shoppers crushing into supermarkets and department stores, racing to get their hands on a hot new gadget or flatscreen TV.

Meet Dext Prepare, Your New Receipt Bank
Editor | 14 May 2021
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Formerly known as Receipt Bank, Dext Prepare is one of the most popular software systems for tracking cash-flow.

Have you got envelopes or filing cabinets overflowing with random receipts? Do you spend more than a few hours on financial admin each week? Does thinking about expenses and cash-flow fill you with anxiety?

If you answered yes to any of these questions then Dext Prepare could be the perfect solution to capturing, tracking and saving receipts, helping you get on top of your finances.

How small firms should respond to the Chancellor’s new budget

Last week, the Chancellor delivered one of the most significant budgets in recent memory. Before the budget was released, the Government were keen to stress that some tax rises would be needed to help pay for the coronavirus response.

Many small firms will avoid one of the biggest tax hikes, but how should self-employed people, limited company directors and other small business owners be looking to respond to the budget? We’ll look at the most important changes and how they could affect your business below.

Along with our regular in-house software training sessions and technical updates, the main focus of our training plans at the beginning of this year is understanding how post-Brexit Trade impacts on our clients.

From all the Team at CloudAccountant & AgencyAccountant We would like to wish you a fabulous festive season and a Happy New Year!

This year has been turbulent and challenging for all and we are excited to welcome in the new year and are hopeful that normality is within reach.

In 2020, as well as continuing our market lead in the world of eCommerce accountancy, CloudAccountant launched our specialist recruitment agency brand, AgencyAccountant, and we’re proud to have seen the brand and client base grow during the year.

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

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