Grinding Gears

In the Tax Engineering team at FreeAgent we’re currently working on adding Corporation Tax and Final Accounts filing to our application as we continue our mission to help our customers relax about tax. We’ve been working on these features since June and recently released the Final Accounts report and the CT600 form, but what you might not know is that work on this project originally began back in 2017. So… Continue reading

In light of the Coronavirus events, the UK Government put in place a few measures to help businesses during those uncertain times. At FreeAgent, we quickly adapt to help businesses during this crisis. Our goal is to keep you up-to-date with the government support available. HMRC’s Job Retention Scheme Announcement - allowing employers to furlough employees and claim 80% of their wages plus any National Insurance and pension contributions -… Continue reading

The phrase ‘practice insights’ was something that I heard very often in my first couple of weeks at FreeAgent, between wrapping my head around the data model and trying hard to remember everyone's names. The reason I mention it in the context of the first couple of weeks is because at that point I didn’t fully know what it meant. Of course I knew what the words meant, and I… Continue reading

At FreeAgent we deal with a lot of accounting data - every invoice, bank transaction, expense and VAT return in the system must be processed, and its tax and accounting effects calculated and recorded. In the early days of FreeAgent this was something that was baked directly into the business objects – reporting data was pulled directly from the day-to-day business records. As the number of users grew and the… Continue reading