How FreeAgent can make Self Assessment season smoother for you and your clients

We understand that Self Assessment season can be your busiest and most stressful time of year. Here are some of the ways that FreeAgent can help.

Saving you stress

Making ‘the bag of receipts’ a thing of the past

Working with your clients in FreeAgent is one of the best ways to ensure a Self Assessment season free of bags full of receipts. The FreeAgent mobile app allows clients to take photos of receipts and record them as expenses while they’re on the move. Alternatively, clients can use the mobile app’s ‘Capture for later’ functionality to store the receipts in the ‘Files’ area of FreeAgent for you to deal with later. 

Providing easy access to client data

FreeAgent’s handy automation features help clients stay on top of their record keeping throughout the year, saving you both last-minute stress when the Self Assessment filing deadline approaches. 

Bank feeds automatically pull your clients’ bank transactions into their FreeAgent account on a daily basis. If your client enables an Open Banking bank feed, they can import bank transactions from the previous two years, which can be helpful if you need quick access to their historical data. Meanwhile, FreeAgent’s AI-powered ‘Guess’ functionality explains new transactions automatically; all you need to do is review the guessed explanations and approve them.

Keen to work with more of your clients in FreeAgent? Our recent updates make it easier than ever to add clients to your Practice Dashboard. And if you’re looking for support with getting clients started, we have a host of resources to help you. 

Helping clients to be prepared

To help clients prepare for paying their tax bills, FreeAgent’s unique Tax Timeline lets them see their upcoming liabilities. We’ve also created a handy guide explaining how clients can pay their Self Assessment tax bill to HMRC. 

Supporting you in educating your clients

The more your clients understand what is required of them, the smoother the Self Assessment process should be for both of you.

With this in mind, we’ve created a wide range of helpful content that you can share with your clients, including guides on business use of home expenses and travel and accommodation expenses. We also provide advice for clients on working with an accountant during Self Assessment season. Why not share this with your clients as part of your conversations with them this month?