FreeAgent, the innovative cloud accounting company, has launched a new set of licences specifically for accountants with clients who have business banking current accounts with NatWest and Royal Bank of Scotland.
Under the move, the company - whose award-winning software is designed for accountants working with small businesses and contractors - will now enable accountancy practices to add their new clients to FreeAgent for free, provided that they have either a NatWest or Royal Bank of Scotland business banking current account.
The new licence types are the latest development arising from FreeAgent’s recent acquisition by Royal Bank of Scotland Group, which already sees the banking giant offering FreeAgent software free of charge to all of its small business customers.
Ed Molyneux, CEO and co-founder of FreeAgent, said:
“We’re delighted to be able to now give accountancy practices throughout the country the chance to enjoy the benefits of our NatWest and Royal Bank of Scotland relationship.
“With more than a million business owners currently banking with these high street banks - approximately a quarter of the UK’s small business sector - this is a significant opportunity for accountants looking to expand and grow their practices. But it’s also great news for small business owners looking for additional accounting help and support over the coming years as Making Tax Digital starts to take effect.
“Furthermore, as FreeAgent was recently added to HMRC’s list of software providers that are ready for the introduction of MTD for VAT, it also means that accountants and small business owners who have business banking current accounts with NatWest and Royal Bank of Scotland now have access to a free, MTD-ready solution. We envisage that this will prove very popular during the run up to next April, when the first phase of digital tax comes into effect.”
Accountants who are not currently FreeAgent partners can visit FreeAgent or contact FreeAgent directly to get set up with a Practice Dashboard, from which they will be able to start adding their NatWest and Royal Bank of Scotland clients who have business banking current accounts.