Choosing Making Tax Digital for VAT Software

There is less than a month left for VAT-paying businesses to prepare for Making Tax Digital (MTD).

MTD is the government’s flagship tax digitalisation scheme that will require all businesses to keep digital records and file and pay tax online.

MTD for VAT is the first stage of the digital roll-out and takes effect from 1 April 2019.

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

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.

Will Making Tax Digital Apply to My Business?
Editor | 30 October 2018
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Making Tax Digital is the latest HMRC campaign to modernise tax collection and make life easier for business owners.

The first raft of changes, which affects VAT payers, will come into force on 1 April 2019. But a survey from the British Chambers of Commerce reveals that 24% of firms have never even heard of the measure.

Making Tax Digital for VAT will apply to all VAT-registered businesses that have a taxable income over the VAT threshold of £85,000.

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.

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.

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.

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

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.

Get The New Xero Expenses App For Free

Xero Expenses has received a big update and you can access the new and improved features for free until 28 September 2018.

Bolstered by AI, the new and improved expenses add-on will speed up expenses management and give you greater visibility over your finances.

As a thank you to existing Xero customers, the company is offering Xero Expenses for free until the 29 September.

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