small business accountants Articles

Chancellor eyes limited company tax increase

The Chancellor Rishi Sunak is thought to be considering a sharp increase in the rate of corporation tax, as the Treasury attempts to curb borrowing in the wake of the coronavirus pandemic.

Reports suggest that the tax, which is paid on the profits of limited companies, could gradually increase from 19% to as much as 25% by the end of the current parliamentary term.

FreeAgent fortifies NatWest ties for even easier sign up

Cloud Accounting software provider FreeAgent has moved a step further in its integration with NatWest and now enables users to sign up with their existing bank logon details.

This provides quick, easy sign on that is also secure and provides flexibility under Open Banking for the Natwest customer to decide what information is shared with FreeAgent

FreeAgent and Natwest have been trialling the system with around 2,00 customers and it has proven to be extremely successful, hence the wider rollout.

Operations Director Neil Armitage said “Contractors are constantly on the go and under a lot of pressure so anything that can simplify their lives like this is more than welcome. Closer integration with banking partners such as NatWest can only benefit our customers and it’s great to see FreeAgent continue to innovate”