5 productivity hacks to power-up your practice
FreeAgent
by FreeAgent Central
3d ago
An efficient accounting or bookkeeping practice is like a well-oiled machine: it runs smoothly, minimises friction and consistently delivers value. When your team is performing well, you’re likely to have happy clients and a healthy bottom line. But hey, distractions happen, right? If you’re still with us, here are five hacks to boost your firm’s productivity. 1. Find focus Ever feel like your to-do list is out to get you, with phone calls, emails and a million other distractions vying for your attention? The Pomodoro Technique (inspired by those little tomato-shaped timers!) is a time manage ..read more
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5 easy ways to get to know your customers
FreeAgent
by FreeAgent Central
6d ago
Whether you’re a business owner, a freelancer or even the CEO of a multinational company, getting to know your customers lets you gain insights into their needs and provide them with a better product or service - meaning they’ll be more likely to come back as return customers. To help you get to know your customers better, we’ve pulled together five simple tips for success. 1. Interact with your customers regularly Interactions - whether face-to face or virtual - are effective ways to get to know your customers. Whether it’s a video call, in-person meeting, chatting at the till, or a conversa ..read more
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How to deliver standout customer service that won’t break the bank
FreeAgent
by FreeAgent Central
6d ago
We bet that you remember a really excellent customer experience that you had. You probably still look on that business fondly and would love to get that loyalty from your own customers.  But as a small business, you likely don’t have the time or money to hire a customer service team to deal with all the questions you get. Don’t worry - you can still wow your customers with impressive service, with just a few tips from FreeAgent. Trust us, we know what we’re talking about.  Get to know your customers The first step to good customer service is knowing what your customers care about ..read more
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Research reveals payment problems: here’s how to bring them in to land
FreeAgent
by FreeAgent Central
2w ago
We’ve just completed our regular survey of over 1,600 freelancers and small businesses, to find out the main issues that are facing small businesses in 2024. And it showed that one remains a constant - the spectre of late payments.  So if you’ve ever felt like you’re the only one struggling with the stress of customers paying late, or not paying at all - you’re far from alone. And we’re here to give you a few ideas on how to handle your own late payers.  Late payments are way beyond an annoyance  One in four of the business owners who took part in our Small Business Monitor sur ..read more
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Tax rules for furnished holiday lets and what’s changing
FreeAgent
by FreeAgent Central
1M ago
Letting is letting right? Nope! How you let a property can completely change your tax rules and furnished holiday lets have completely different rules to most properties.  Buckle up for a tour of the current rules and tax calculations for furnished holiday lets, as well as the major changes that will be introduced in April 2025 with the abolition of the furnished holiday let status.  What is a furnished holiday let? A furnished holiday let (FHL) is a property that’s rented out on a series of short-term rather than long-term lets. This affects the tax relief that the landlord can cla ..read more
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Detect and fix bookkeeping issues with our new Xenon Connect integration
FreeAgent
by FreeAgent Central
1M ago
We’re excited to announce the launch of our new integration with Xenon Connect! You’re now able to extract bookkeeping data from FreeAgent and run health checks to detect errors. Gareth Salomon, founder of Xenon Connect, said: “Xenon Connect is extremely excited to partner with FreeAgent to bring bookkeeping data quality checks to bookkeepers and accountants throughout the FreeAgent community. Our mutual partners have been asking for this integration for a long time and we are excited to finally be able to deliver.  “This combination of a market leading core accounting package and innova ..read more
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Our new Client Engager integration is on its way
FreeAgent
by FreeAgent Central
1M ago
We're excited to announce that, due to popular demand, FreeAgent will soon integrate with Client Engager, a user-friendly practice management software designed specifically for accountants and bookkeepers. Once launched on 27th May, this new integration will allow you to sync contacts, invoices and more between the two softwares, saving your practice valuable time and reducing potential errors. More than an integration: a collaborative future   FreeAgent and Client Engager envision this integration as a first step into a wider partnership between our two companies, eventually aiming ..read more
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Our depreciation support has moved up another gear
FreeAgent
by FreeAgent Central
1M ago
We’re pleased to announce that we’ve taken our depreciation support up a gear by further extending our capital asset and depreciation functionality. You can now set default depreciation methods and capital allowance treatments for all new and existing capital asset categories. To help you support your clients’ capital asset management and depreciation needs, we recently added support for the reducing balance method of depreciation, assets that don’t depreciate and assets depreciating on a monthly basis. We also added support for asset lifetimes of up to 25 years when depreciating using the st ..read more
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Creating a hybrid work space at FreeAgent
FreeAgent
by FreeAgent Central
1M ago
Hybrid working has been a fixture at FreeAgent from the very start. We’ve always had both in-office and distributed teams and have worked hard over the years to make sure that we can provide a great employee experience for everyone.  There’s a lot that goes into making FreeAgent a great hybrid workplace: from inclusive meeting practices to a flexible and comfortable office space.  Why do we encourage hybrid working? Coming back to the office in 2021 after the Covid lockdowns, we knew that we’d missed the social connections and informal networks built in person. It’s extremely hard t ..read more
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Self Assessment filing for 2023/24 is live in FreeAgent
FreeAgent
by FreeAgent Central
1M ago
If you’re one of the (admirably well-organised) keen beans who are already poised and ready to submit their next Self Assessment tax return to HMRC - good news, you can now file for 2023/24 from FreeAgent. If you’re a sole trader, limited company director or an unincorporated landlord already using FreeAgent, you’ll know that parts of your Self Assessment form can be auto-populated for you using the data that’s already in your FreeAgent account. All that’s left to do is review the form, fill in the last few details, then file your tax return directly from FreeAgent to HMRC in just a few ..read more
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