Make Tax a Doddle

In this blog, we’ll talk you through some tips and tricks that’ll make your tax quick, simple and stress-free.

Improving your usability

It’s not unusual to view accounting as, let’s face it, a nightmare. Jumping between various softwares gets confusing, overwhelming and time-consuming. So, the first step to making tax a doddle, is to improve your usability. Don’t worry, we’re not suggesting that you ditch your current systems. Instead, opt for a software integration. Our system allows your finances to be seamlessly synced, providing:

• All your financial information in one, user-friendly space
• Real-time reporting
• Tidy, easy to follow bookkeeping
• Easy access allowing for quick performance checks, where swift adjustments can be made when necessary

So, how would this simplify your tax? Well, having your systems synced means that declaring your allowable expenses, arranging your year-end tax and HMRC tax return can be done from one, user-friendly app.

Planning ahead

So often, tax deadlines seem never-ending. As soon as you finish one job, 10 more pop up. Instead of tackling these head-on, we recommend that you opt for an integrated tax planner.

Sounds fancy, doesn’t it? Basically, our integrated tax planner makes last-minute deadlines a thing of the past. Quick and really easy to use, your taxes will be prioritized with proactive alerts and health checks. These ensure that your business is performing at it’s best - and help to make tax a doddle!

Going digital

It’s time to ditch the paperwork, avoid pesky human error and save yourself a load of time. Did you know that our Making Tax Digital compliant technology helps to reduce your tax bills for corporation tax, VAT returns and more? This means you’ll rest easy in the knowledge that your books are in perfect order. Plus, if you have any questions, a financial expert will be on hand to help!

The key to making tax a breeze, is to work smarter, not harder. We’ll handle the whole process for you, so you can skip the paperwork and focus on what’s important - your business.

Opt for an expert

Your business is your baby, responsibilities such as closing funding rounds and tax schemes are not what you signed up for. It’s time to take back control, by joining Accountancy Cloud. Switch the endless google searches of “how much tax will I pay” for your very own financial expert, who’ll ensure you’re taking full advantage of the tax schemes available to you, including R&D credits.

Looking for a deeper dive into the world of simpler taxes? Check out our Tax Planning Guide for Business Owners today, which includes:

• A guide to dividends and how they should be used
• Information about pension contributions
• Loan agreements with your company and how to add interest
• An outline of tax-free or low tax benefits
• How loans can be used instead of pay
• Capital gains tax allowance

...and much, much more!

Alternatively, get in touch to transform your tax handling, with Accountancy Cloud today.