Cloud accounting software like Xero and FreeAgent can help businesses grow by providing real-time access to financial data, allowing for quicker and more informed decision-making. This helps to identify areas of growth and make necessary adjustments to improve profitability.
Using cloud accounting software automates many financial tasks, freeing up time and resources that can be redirected toward growth initiatives.
Cloud accounting software has a number of benefits that can help businesses of all sizes. It allows for easy access to financial information from anywhere, at any time, as long as there is an internet connection. This means that business owners and accountants can view and manage their finances on the go. Additionally, cloud accounting software automates many of the manual processes associated with traditional accounting, such as data entry and reconciliation, saving time and reducing errors.
Cloud accounting software often integrates with other business applications, such as payroll and inventory management, creating a seamless and efficient financial management system.
The cost of our Self Assessment service depends on the time of year you are filing. It also depends on your type of work (e.g. if you’re a sole trader, etc.)
Depends on when in the tax year they are filing. Depends on what you do for work (if you’re a sole trader etc). Get in touch with our team by either emailing info@cloudaccountant.co.uk or calling 01625 546 232 and we’ll be happy to chat and provide a no-obligation quote.
Typically, we need to know your income throughout the year, and your P45/P60. We also require personal details such as address, NI number and self-assessment UTR number.
You’ll get a penalty if you need to send a tax return and you miss the deadline for submitting it (Self Assessment tax returns: Penalties – GOV.UK.) You may be charged £100 if your tax return is a day after the deadline, this penalty increases after 3 months, 6 months and 12 months late.
HMRC do accept some reasonable excuses for filing late: the recent death of a partner, an unexpected hospital stay, computer failures, service issues with the tax authority’s online services, a fire that prevented you from completing a tax return, or caused postal delays. Each case will be considered individually. It’s always best to file your return in plenty of time before the deadline if possible.
There are various reasons as to why you may need to complete a Self-Assessment tax return: You’re self-employed or a freelancer, you have income from multiple sources, you’re a Director of a Company, your Income is Over £100,000, you have income from abroad, you have income from savings or investments, you’ve received income from a trust, you’ve had capital gains, you’ve received certain benefits, you’ve had taxable income above the personal allowance or HMRC requests you to complete one. You can use the Gov tool to check as well: Check if you need to send a Self Assessment tax return – GOV.UK.
Yes, our dedicated and friendly accountants are always available to provide unlimited advice and support during office hours.
Whether you need support with your accountancy software, advice about a transaction or just looking for knowledge on best practices and efficiency, our team will be available by phone, email, video chat or face-to-face at our Wilmslow head office.
Phone: 01625 546 232
Email: team@cloudaccountant.co.uk
There are no setup fees.
We charge a flat monthly fee that contributes to all submissions, software, and support with no hidden costs for advice.
If you onboard with us mid-way through your accounting or tax year, we will need to align the costs of our services to the beginning of the contract.
An initial consultation will tailor a bespoke quote toward the core services you need. It’s a good opportunity to explore the best fit and deep dive into how we can best support your objectives. Once an agreement is reached, we’ll need your passport ID and proof of address to verify. All verification can be done electronically through e-signing.
Hiring an accountant for your small to medium-sized business can provide many benefits. You will be able to streamline your processes, be more efficient, and have all the financial information you need to make better decisions for your business to help it thrive and grow. With an accountant on your side, you’ll have access to expert advice, recommendations, and business reporting whenever needed.
