Cloud accounting is the most exciting thing to happen to the accounting industry in recent years. It has enabled accountants and business owners to work on the same system at the same, irrespective of where they are based, thereby ensuring increased transparency.

Plus, the vast majority of VAT-registered businesses with a taxable turnover above the VAT threshold (£85,000) are now required to follow the Making Tax Digital rules by keeping digital records and using software to submit their VAT returns.

Cloud accounting not only allows you to be fully MTD-compliant but also has many other benefits that we believe only add value to your business. For example, many cloud accounting apps (such as Xero) can directly connect to the day-to-day software you currently use to run your business such as your stock management software or to apps like ReceiptBank to immediately input your receipts. It even connects to your bank, making it easy to access real-time reporting and ensuring transparent transactions across your company.

Having used cloud accounting since 2011, we as a firm have seen how it has evolved and what benefits we really believe it has. Our cloud accounting services will help you stay in control of your business – wherever you are as long as you have an internet connection.