Cloud Accounting Set Up - Popular add-ons | Exchange Accountancy Services

Here are some of the related services that are most popular:

Cloud Accounting Set Up: Installing a cloud accounting system

A cloud accounting system will make your life so much easier.  Here are some of the benefits:

  • It saves you a very significant amount of time,
  • Gives you 24/7 access to up-to-date financial information and reports (you can use cloud-based software from any device with an internet connection),
  • You can sleep at night knowing your sensitive financial data is always secure and backed-up automatically,
  • No system downtime because all software upgrades are automatically installed. This worry-free maintenance saves you time and hassle,
  • It reduces your accountancy fees because it makes it easier for your accountant to produce end of year accounts, and
  • Since your accountant can access your data 24/7 you get more value from an accountant – they will help you run and grow your business rather than just adding up the numbers.

We will set up your cloud accounting system, provide full advice and training.

Cloud Bookkeeping

Every business owner hates bookkeeping and paperwork.  Unfortunately it has to be done.  And it has to be done in a prescribed format… otherwise the tax man will be on your back.  And when done accurately it provides critical financial information, key performance indicators and aids decision making.

And because everyone hates bookkeeping – you’d much rather be out there making money from your business – most people end up doing it in the evening or at weekends.  Yet, shouldn’t evenings and weekends be spent playing with the kids, spending time with your friends and loved ones, or out on the golf course?

So why not let us take away all that hassle so you can spend your time with the people you love, doing the things you love.

Cloud Tax

Here we will deal with the personal Self-Assessment tax returns of the business owners.  We will calculate the tax due for each business owner, help them manage their personal tax affairs and carry out a personal tax planning review.

Cloud Reporting: Monthly or quarterly cash flow forecasting and budgeting

Management reports, forecasting and budgeting help you plan and will give you an early-warning signal if you are likely to face cash shortages.  Our management reporting service is broken down into three packages so you can choose the one that works best for you.  This service will give you a continually up-to-date complete picture of what your business might look like in the future.  In fact, this is such a powerful business planning tool banks very often insist on it as part of raising finance.

Cloud Payroll

If you are a limited company or have employees you will need to have a PAYE scheme set up and operate payroll.  Many of our clients choose to let us run the monthly payroll.  Let us know if you’d like us to take away that hassle for you.

Full company secretarial work

If you trade as a limited company the Companies Acts 1985 and 2006 include legislation on company secretarial requirements.  It’s a hassle and the government keeps changing the rules.  And your statutory books can be inspected at any time.  We can take all this hassle away from you and deal with all of the company secretarial work.

Acting as your Registered Office address

Every UK limited company must have a registered office address.  It must be a physical location in the UK at which official documents can be served.

Although your registered office can be the address you trade from, many business owners choose to use the address of their accountant (since the accountant usually deals with company services, such as the completion of the Annual Return).

Annual remuneration planning report and implementation

If you trade through a limited company there are often big tax savings for the owners from extracting cash in the most tax efficient way.  We will carry out detailed calculations to identify the very best way of extracting cash and profits from your company so that you pay the least amount of tax and keep the most money in your pocket.

Some of the other things we do to make your life easier

  • Strategic planning
  • Business coaching and mentoring
  • Bookkeeping training and support
  • Business valuation
  • Business purchases and sales
  • Mortgage reference letter
  • Company car tax planning
  • Probate
  • Auto Enrolment

Remember: The price of many of these services is fully deductible for tax purposes, which means, in effect, HM Revenue and Customs will refund you a portion of the cost (subject to the rate of tax you pay).