UK’s market-leading online accounting system announces new painless Self Assessment filing so customers can finally relax about tax
FreeAgent, the UK’s market-leader in online accounting, has announced today that it will be giving sole traders the perfect Self Assessment gift to welcome the New Year.
From early January, all sole trader FreeAgent customers will be able to file their Self Assessment tax return directly through FreeAgent - without the need to use HMRC Online. FreeAgent can automatically complete 90% of the self-employment forms directly from the user’s existing accounting data.
The move means FreeAgent will be the first accounting system to offer sole traders in the UK the ability to automatically fill and file Self Assessment tax returns.
In addition to the automatically populated tax forms, FreeAgent provides online versions of many of the other relevant forms for sole traders which can be filed alongside their self employment tax return. These forms are already available for sole traders to complete, so they can be fully prepared for when filing goes live in January.
The company plans to add further support for additional, less common forms in the coming months, as well as extending Fast Filing to partnerships and limited companies.
Ed Molyneux, CEO and co-founder of FreeAgent, said: “Our mission is to make life easier for all of the UK’s 4 million plus micro-businesses, which represent 95% of all enterprises. Filing tax returns are the bane of most business owners’ lives, and the days leading up to the 31st Jan deadline are pretty fraught both for them and their accountants.
“We think Fast File will really alleviate the anxiety and stress associated with the tax deadline. And we’re looking forward to introducing more functionality in the future that will ensure FreeAgent is far more than an accounting tool, but a vital business service that helps people manage all their financial data as effectively as possible.”
The new Self Assessment filing feature builds on FreeAgent’s proven HMRC filing tools, which have been used by many thousands of UK businesses for VAT Returns since 2010 and RTI Payroll since its introduction in 2013.
FreeAgent provides the UK’s market-leading online accounting system designed to meet the needs of small businesses, freelancers and their accountants. More than 34,000 customers worldwide currently use the award-winning system to manage their business accounts, track time, log their expenses, create and send invoices and forecast their tax bills - all done simply without confusing accounting jargon.
FreeAgent was recently placed 8th in the 2013 Deloitte Fast 50 - the annual list compiled by Deloitte that highlights the fastest-growing technology companies in the UK. Earlier this year the company also won the Small Business Accounts and the Expense Management awards at the 2013 AccountingWEB Software Satisfaction Awards
Find out more at: www.freeagent.com
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