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CMA Accountancy Guide to Online Accounting
CMA is a firm of Chartered Management Accountants based in Appley Bridge. We provide all the usual services such as annual accounts, business tax and personal tax planning. We look to work with you on a companies and individuals on a close level and look behind the numbers to give you a comprehensive view of your business and help you achieve your long term goals.
No matter how large or small your business is, tracking your business accounts is vital in today’s economic climate.
Whether you are just starting out in business or have been trading for a number of years, it is vital that you have a firm grasp of your numbers. This is best achieved by using accounting software to track your finances.
CMA are experts at helping businesses implement and use online accounting systems. We support clients using both the Xero and Kashflow accounting systems. The following are just some of the benefits to a business of an online system:
Simple and Easy to Use – By cutting out the accounting jargon you don’t need to be IT savvy or an accountant to use them.
Secure Access on PC’s and Tablets – The system is always accessible from anywhere in the world.
No Installation or IT Maintenance Required – You can be up and running in a matter of minutes.
Low Cost on a Pay as You Go Basis – There are no lengthy contracts involved as you just pay a small monthly fee to access the software. Costs start from around £15 per month.
Real-time Collaboration with CMA – We can help you with your finances on a real time basis and advise you using the latest financial information.
Smart Reports – There is a range of simple but effective reports to help you manage your finances.
If you would like to arrange a free demonstration please contact our office and we will show you the full range of benefits this could bring you. If you decide to switch to an online solution we will give you the software for free for 6 months!!
Tax Tips of the Month
Check your tax code for 2014/15. The personal allowance increases to £10,000 from 05 April and you may pay too much tax if your tax code is not right.
Don’t forget the kids! Children are entitled to the same personal allowance that is available for adults, so they can receive a certain amount of income tax free .
If you own a rental property don’t forget to register with HMRC as you will need to complete a tax return and declare you income. HMRC are currently running a Let Property Campaign to allow landlords to bring their tax returns up to date.
If you would like to find out more about any of the issues discussed in this article CMA offers a free initial consultation, either at our office or yours, at a time to suit you. If you would like to see how we can help please get in touch.