Changes to MTD

What is MTD? Making Tax Digital (MTD) is the name of the government’s plan to ‘simplify’ the tax system and take advantage of technology in order to help people get their tax right and get information to HMRC more promptly. The initial plan was that all companies, self-employed people and landlords earning over £10k would… Read more »

How to make a cashflow forecast

How to make a cash flow forecast

A detailed guide on cashflow forecasting by FreeAgent that can help you: plan out how much you expect to make in sales this year plan how much you expect to spend in costs understand when cash will come into your bank account and leave it Read the article →

FreeAgent Tax Timeline in desktop calendar

See the Tax Timeline in your desktop calendar

The FreeAgent Tax Timeline displays a live projection of how much money you owe to HMRC and when you owe it, so you’ll know how much to set aside for tax bills. You can export the details of your tax deadlines into your Google, Outlook or iCal calendar by following these steps. Read the instructions… Read more »

Disposing of capital assets in FreeAgent

In FreeAgent you now have the ability to dispose of capital assets. Previously you could record the purchases of capital assets but there was no way to explain if you’d sold an asset. You can now explain transactions as disposal of capital assets, which will prevent further depreciation, ledger the balancing charge and get all… Read more »