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Cloud computing

Cloud computing accounting software is accounting software that is hosted on remote servers. It provides accounting capabilities to businesses in a fashion similar to the SaaS (Software as a Service) business model. Data is sent into “the cloud,” where it is processed and returned to the user. All application functions are performed off-site, not on the user’s desktop. In cloud computing, users…Read More

Brexit

The UK’s exit from the European Union – VAT, customs and excise duty The UK’s decision to leave the European Union will inevitably have consequences for Indirect taxes. To assist our members in preparing for the impact of leaving the EU and to better understand the issues arising, we have collated a wide variety of…Read More

Discover Making Tax Digital

By 2020, HMRC’s Making Tax Digital (MTD) initiative will mean that businesses and individual taxpayers can access their own tax affairs online via digital tax accounts. The next major phase of the programme, Making Tax Digital for VAT, starts in April 2019 and requires digital VAT record keeping and VAT returns to be submitted electronically.…Read More

Cloud software solution for VAT

KashFlow’s unique selling point is that it offers direct VAT filing. The user simply runs the VAT report, enters their HMRC online filing details, and presses submit. Submitting returns can be a laborious task for many small businesses, so the ability to do so without leaving KashFlow is a definite advantage. Information is presented clearly…Read More

How will Brexit affect contractors in the UK?

If you’re a contractor you might be wondering whether Brexit will have a positive or negative affect on your work and how it will impact your partners.  Brexit & Economy With March 2019 edging closer, everyone is waiting to see what the effects of the decision to leave the EU will be. For now, uncertainty…Read More

Making Tax Digital – What is MTD and does it affect me?

Making Tax Digital (MTD) is the government’s plan to transform the tax system and move it online. MTD will affect most businesses from April 2019 with further changes expected in 2020. After MTD for VAT has been implemented, MTD for income tax (for the self-employed and those with income from property) and MTD for corporation…Read More

The benefits of outsourcing accountancy services

Over the past decade, outsourcing a number of corporate functions has been an interesting topic in the business community. Accounting is one of the functions that can benefit immensely from outsourcing. Whether an organisation is in early development or well established, the value of contracting out accounting responsibilities cannot be overstated. Herein are the benefits…Read More

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