With the Government’s Making Tax Digital (MTD) regime beginning in April 2019, businesses are looking towards cloud accounting as the ideal solution to help them with their recording and reporting of tax – however, cloud accounting can benefit companies in a number of other ways beyond MTD.
By utilising an effective cloud accounting solution, businesses can store all of their tax and financial information in one safe location online, which is accessible 24 hours a day.
This means that owners can view their accounts on the move via apps and the internet, enabling users to keep on top of their accounts whenever and wherever is most convenient.
This ease of access can prove extremely beneficial during the decision-making process, as can many of the tools associated with online accounting, including a range of forecasting solutions, which can provide an overview of your financial performance.
Our team has been hosting regular Making Tax Digital workshops in recent months, which have educated new and existing clients on the benefits of our fully-optimised online accounting service.
The benefits we have highlighted include:

• Saving time – by being able to access online accounts in seconds.
• Improving organisation – by keeping records in one place, making finding bills, reports and invoices easier than ever before.
• Using the best software to suit you – with support for Xero, QuickBooks and Sage One.
• Agility improvements – by being able to access accounts ‘on the go’.
• Expert advice – from Grunberg & Co’s team of forward-thinking accountants and tax advisers.
• Secure service – thanks to certified online software with bank-level security and 24/7 customer support.
• Collaboration with accountants – as users can communicate with our team via the platform.

Of course, with so many different online accountancy platforms springing on to the market in the last few years it can be difficult to differentiate between the various packages and what they offer.
At Grunberg & Co we have been helping businesses to review the various systems to see whether they are a good fit for their organisation, while also ensuring that they are compliant with the latest requirements of MTD.
If you would like to learn more about Grunberg’s cloud accounting services, why not contact us or join us at one of our upcoming free workshops.