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.

eBay: Get Ready for an Early Christmas
Editor | 20 August 2020
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Online auction platform eBay is warning online sellers to get ready for an early Christmas to make the most of the critical holiday period.

So far, 2020 has been a strange year for retailers. While many physical shops have struggled with very low footfall, many online retailers have seen their orders increasing.

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.

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

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!!

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