Switch to Cloud Accounting
Real-time business information, any time, any place. Our clients don’t have to send us reports or information because we have real-time access to the details that we need.
Cloud accounting software improves accuracy by updating financial information automatically so there are fewer errors due to manual data entry. Multi-currency and multi-company transactions are also handled more efficiently through Cloud-based accounting.
Because the software is held and managed remotely, whenever you log in to Cloud-based accountancy packages you know you are using the latest version and there is no need for regular back-ups.
For the majority of VAT registered businesses Making Tax Digital for VAT (MTD) began on 1 April 2019 and will come into effect for all VAT registered businesses on 01 April 2022. MTD for VAT requires VAT-registered businesses to keep digital records and submit VAT returns using compatible software. The cloud based systems we recommend meet these requirements.
Income Tax Self-Assessment (MTD ITSA) is planned to join Making Tax Digital from 06 April 2024 for Sole traders and Landlords with Partnerships planned to join in 2025.