Ellacotts is delighted to launch a new cloud accounting website: www.ellacottscloudsolutions.co.uk.
Having been at the forefront of internet based accounting solutions for many years, and with just over six months to go until Making Tax Digital (MTD) comes into force, Ellacotts is aiming to raise awareness of how Her Majesty’s Revenue and Customs (HMRC) new rules will affect businesses and what they can be doing now to ensure they are compliant. From April 2019, it will be required that all VAT registered businesses with sales in excess of the VAT registration limit will have to submit their VAT returns to HMRC from digital records. The days of manual record keeping will be over and this means businesses will need to move onto an alternative solution, such as a cloud accounting package.
As well as being compliant with the new rules, cloud accounting software also provides many additional benefits to businesses such as:
- Easy access to financial data from anywhere at anytime
- It gives a real time picture of a business’s current performance
- Being in the cloud means it is secure and requires no manual or time consuming updates