Posts Tagged ‘small business’

FreeAgent and PCG join forces to support new and established freelancers

Tuesday, May 3rd, 2011

FreeAgent, the award winning online accounting system for freelancers and small businesses, has linked-up with PCG – the voice of freelancing, to help its members get on top of their finances.

PCG members will be able to subscribe to FreeAgent, which was voted Best SME Accounting Software in 2010, at a reduced rate.

FreeAgent helps people get a clear picture of their financial position, and users say they feel it puts them back in control of their finances. Hosted ‘in the cloud’, FreeAgent is accessible around the clock from any internet connection, which is ideal for the way many freelancers and small business owners work. Much more intuitive and accessible than conventional accounting software, users can send invoices, track time and expenses as well as monitor the financial health of their business and manage projects and payments. Uniquely it also automatically prepares and files VAT returns, projects self-assessed income tax and corporation tax obligations and helps manage payroll.

Ed Molyneux, founder and CEO of FreeAgent, says: “When we created FreeAgent we were all freelancers or contractors. We built it specifically to meet the needs you have when you are working for yourself or running a small business and want to manage your finances. So we are delighted that by working with PCG we will enable more people in that position to use our service.”

Working trends over a number of years as well as some more recent and stark economic factors have seen many more people becoming self-employed. While total employment rose by 0.8% between 2009 and 2010, the number of self-employed people increased by 2.4% to 3.98 million (Office for National Statistics, GDP and the Labour Market, 2010).

The move to freelance working can be daunting and challenging but both FreeAgent and PCG are dedicated to helping these individuals to face the legislative and practical challenges of starting and growing their own businesses.

Iain McIlwee, Head of Commercial Development at PCG, says: “Britain’s growing freelance workforce plays an essential role in our economy. FreeAgent has a good track record of helping freelancers so I am delighted that we have secured a great discount for our members and will be working more closely with the team there.”

PCG was formed in May 1999, specifically to provide independent contractors and consultants with a representative voice in opposition to the original IR35 proposals.

Since then, it has grown to become the main voice and professional body representing these businesses and individuals, and now has in excess of 20,000 members who can benefit from a huge range of advice and information it makes available, as well as an open and friendly community of other freelancers.

All FreeAgent accounts start with a 30-day free trial, and are charged on a monthly, pay-as-you-go basis starting from £15 per month. There’s no commitment to sign up, and you can cancel at any time. To sign-up for a month’s free trial and find out more about what FreeAgent can do visit www.freeagentcentral.com.

For more information, contact Lucy Smith.

Sort out your taxes with three months free from FreeAgent

Monday, April 4th, 2011

Online accounting provider FreeAgent is giving away three months free trial of their service to celebrate the end of the tax year.  Their service is specially designed to meet the needs of freelancers and small business owners, many of whom work from home.

More than 2.8 million UK businesses operate from home, and they’re a force to be reckoned with generating over £284 billion.  ‘Being close to the family’ is a key motivation for home business owners, with 33% citing this as a reason for starting an enterprise from home. (Source: Enterprise Nation, Home Business Report 2009).

To benefit from FreeAgent’s promotion enter the special code “HOME” when signing up for a free trial on the site. The offer is valid until 30 April 2011.

Ed Molyneux, founder and CEO of FreeAgent says:  “The start of the new tax year is almost upon us so now is the perfect time to get on top of your accounts. Many freelancers and small business owners don’t look at their accounts because they’re worried about what they might find or it can seem complex and difficult.  But hiding from your accounts is never a solution so instead, we want to give businesses an easy, clear and up to the minute picture of their finances to help them stop worrying.”

The FreeAgent software has a clean and simple design that is easy to use. As well as making accounting easy for business owners to understand, FreeAgent offers unique real-time projections of tax liabilities including VAT, Self Assessment Income Tax and Corporation Tax. Users can also analyse bank statements, see live profit and loss reports, send and track invoices, track time and expenses, and manage projects and payments.

FreeAgent has pioneered online accounting since the launch of its service in 2007, rapidly growing a loyal community of thousands of freelancers and small business users.

As well as making accounting easy for business owners to understand, FreeAgent offers real-time projections of tax liabilities including VAT, Self Assessment Income Tax and Corporation Tax. Users can also analyse bank statements, see live profit and loss reports, send and track invoices, track time and expenses, and manage projects.

The company is run by founders Ed Molyneux, Olly Headey and Roan Lavery who – originally freelancers themselves – needed a finance tool that would give them a clear picture of their business accounts and so FreeAgent was born.

When surveyed, a remarkable 99.5% of users said they would recommend FreeAgent to their friends, and it was voted Best SME Accounting Software in the 2010 Software Satisfaction Awards. FreeAgent is listed on the Telegraph High Growth Index for privately-held UK firms.

Hosted in the cloud, FreeAgent is accessible around the clock, from any internet connection, which is ideal for the way many small business owners and freelancers work.

FreeAgent is subscription based with costs starting at £15 per month for a sole trader, £20 for a partnership and £25 for a limited company.

Try it for free at www.freeagentcentral.com

Or follow @freeagent

FreeAgent Central secures funds for expansion

Tuesday, March 24th, 2009

FreeAgent Central has secured its first round of funding, positioning the company for rapid expansion as it embarks on an aggressive growth strategy.

The independent software company, pioneering online accounting specifically for small businesses and freelancers, has received an undisclosed amount of investment from private and angel investors including serial entrepreneur Christoph Janz, founder of Pageflakes and an early investor in Zendesk, another highly successful SaaS player.

This comes after a hugely competitive start to the year with a sustained 40% increase in users every month during the first quarter.

Built for freelancers, by freelancers, FreeAgent has engaged with its users since its launch to ensure its software is simple in design, highly intuitive and usable. Most recently the company completed a wholesale redesign of the site’s interface and implemented a number of improvements, many of which were suggested by its users.

“Anyone who’s founded a startup will recognise the problem: it can be hard to get to grips with the accounting side of things,” said Christoph Janz, who joins the board of directors at FreeAgent Central. “The team have created an easy-to-use solution to that problem which I believe will have a big impact on the success of its small business customers.”

This funding and future investment will all aid the development of new features including exciting developments in multi-currency accounting, internationalisation and predictive cashflow.

The company has also successfully forged partnerships with some of the UK’s largest accounting practices. A leading provider of accountancy services to professional contractors and freelancers, London-based Blevins Franks will now be providing all its clients with a subscription to the FreeAgent service as part of its offering.

Providing FreeAgent software to practices means accountants spend less time number crunching, more time offering accounting advice and giving businesses a lot more transparency in their figures.

Phil Richards from Blevins Franks commented, “After 16 years helping Freelancers and Contractors run their Limited Companies FreeAgent have come up with something really special that enables a contractor to run their own company simply and easily. The last 12 months that we have worked with FreeAgent have been very exciting for us and we look forward to adapting our services as FreeAgent service itself develops more”.

Ed Molyneux, CEO of FreeAgent Central comments: “During an economic crisis it is vital small businesses and freelancers have a clear picture of their finances and the ability to control their cashflow.

“With this investment we can continue to improve our service for those in need of easy-to-use financial management tools, and expand quickly to reach even more of those small businesses and freelancers that make up the engine room of the British economy. We’re delighted to be welcome Christoph to the team and he’s already been able to provide invaluable help.”

Unlike accounting packages like Sage and Quickbooks, FreeAgent is web-based, requires no downloads or installation and is accessible from any computer with internet access. Uniquely, it is also able to provide a ‘Tax Timeline’ – a real-time forecast of tax liabilities and deadlines which help the business owner to avoid tax bill surprises and missed deadlines.

www.freeagentcentral.com


Sign up for Hot Roof Company Subscribers 2015
* = required field