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FreeAgent

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description FreeAgent Overview

FreeAgent is a UK-focused cloud accounting software designed specifically for freelancers, contractors, and small service businesses. It simplifies UK tax compliance, including VAT (MTD), Self Assessment, and payroll. Key features include intuitive project time and cost tracking, expense management, and insightful tax timeline forecasts.

Its interface is friendly and visually appealing. Now owned by NatWest, it's often offered free to the bank's business customers. It scores well for its laser focus on the needs of UK micro-businesses, making complex tax obligations manageable and reducing administrative burden for sole traders.

help FreeAgent FAQ

Can FreeAgent submit UK VAT returns through Making Tax Digital?

Yes, FreeAgent is HMRC-recognised for Making Tax Digital VAT filing. It can use connected bookkeeping records to prepare and submit compatible VAT returns to HMRC.

Is FreeAgent suitable for a UK freelancer or contractor?

FreeAgent is designed around freelancers, contractors, and small service businesses rather than large inventory-heavy enterprises. Features include invoicing, expense tracking, project time and cost tracking, bank feeds, and tax estimates.

Can FreeAgent handle Self Assessment?

FreeAgent includes Self Assessment tools that calculate tax and National Insurance estimates and can support filing for eligible users. The exact filing features depend on the account type, such as sole trader or limited company.

Does FreeAgent include payroll and company tax features?

FreeAgent has account-specific tools for payroll, VAT, company accounts, and tax reporting. A limited-company account does not necessarily have the same filing features as a sole-trader account, so the plan type matters.

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