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FreeAgent

Cloud accounting software for freelancers and small businesses with AI-assisted invoicing and expense categorization.

FreeAgent InsightsUpdated 5/22/2026

About FreeAgent

FreeAgent is a UK-focused cloud accounting platform providing tax automation, bookkeeping, and compliance tools designed for accountants and sole traders. The company specializes in automating Making Tax Digital (MTD) compliance and streamlining tax filing processes, positioning itself as an AI-native solution for regulatory requirements and financial close workflows.

Recent News & Trends

  • MTD Automation Launch: FreeAgent released new features in April 2026 to automate quarterly Income Tax compliance under the UK's Making Tax Digital mandate, enabling practices to scale client management with reduced manual processing.
  • Competitive Positioning: Perplexity's new Computer for Taxes agent now automatically fills IRS forms for US returns, highlighting intensifying competition in AI-driven tax automation across geographies.
  • Sole Trader Pain Points: FreeAgent's survey found 39% of sole traders find MTD compliance more stressful than starting their business, underscoring demand for simplified compliance solutions.
  • Scaling for Practices: Recent updates focus on reducing manual, client-by-client processes, allowing accounting firms to handle larger client bases more efficiently under MTD requirements.
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Recent Coverage

Perplexity launches AI agent to draft US tax returns, catches solicitor's error

Perplexity's new Computer for Taxes agent reviews financial documents and automatically fills out official IRS forms for US federal income tax returns, now live for Pro subscribers ($17/month).

FreeAgent rolls out MTD automation tools for UK tax practices

FreeAgent releases new features to automate quarterly Income Tax compliance under UK's Making Tax Digital mandate, targeting reduction of manual client-by-client processes.

1 more from FreeAgent Blog

Sole traders report high stress over UK's Making Tax Digital rules

FreeAgent survey finds 39% of sole traders find MTD compliance more stressful than starting their business, with 1 in 8 extremely anxious about the tax system overhaul.

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