Cloud Accounting

There are lots of jokes about using Excel and our favourite one at MJF Accountancy is “you never finish a spreadsheet, you just stop working on it”. It’s not really funny (none of them are), but it’s the most accurate in the world of accounting.

However, things are changing! Cloud accounting is becoming increasingly relevant.

In simple terms, cloud accounting is internet-based accounting. Data is accessed through the internet as it is stored in the cloud – on a remote server that is not on your company’s site. This means you don’t need to purchase, maintain or upgrade any hardware yourself.

You probably already use a smartphone or tablet to run certain aspects of your business. And by using cloud accounting you can access your finances from the office, on the go, or at home. You can get instant updates on what’s been paid and what’s still to be done. It also means less paperwork – all you need are a few clicks to manage your business finances.

With cloud accounting you don’t need to copy files from one computer to another. Relevant information can be accessed by all the people that need it. This gives you more time to get on with what you need to do. You won’t spend hours distributing data to your employees or running around with folders bursting with receipts and invoices.

Cloud accounting is safer and more reliable than storing your valuable financial data on your own computer (which can break, get stolen, or simply be misplaced).

We use a number of cloud based accountancy packages and we have detailed these in the following links:

So what are you waiting for?

Call us today on 0151 724 3960 to arrange your free consultation.

Alternatively, you can email us at or you can use our website contact form.

Spring Statement 2018

The Chancellor Philip Hammond presented his first Spring Statement on Tuesday 13 March 2018.

13 Mar 2018

Tribunal rules BBC journalist is caught by 'IR35' legislation

A First Tier Tribunal has ruled that a presenter paid via a personal service company was caught by the IR35 rules resulting in additional tax and national insurance contributions being payable.

05 Mar 2018

Advisory fuel rates for company cars

New company car advisory fuel rates have been published which take effect from 1 March 2018.

05 Mar 2018

Scotland's five income tax bands and tax relief for pensions

Following the announcement of new income tax rates for Scottish taxpayers for 2018/19, the government is looking at ways of addressing the issue of the tax relief due on Scottish taxpayers' pension contributions.

05 Mar 2018

Minimum Wage increases

The National Minimum Wage and National Living Wage are the legal minimum wage rates that must be paid to employees.

05 Mar 2018

Pensions Auto Enrolment reaches a million employers

The Pensions Regulator has announced that the number of employers meeting their workplace pension duties has reached one million and that statistics show that approximately 9.3 million people are saving into a pension.

05 Mar 2018

Year end tax planning

With the end of the tax year looming there is still time to save tax for 2017/18. We have set out some points you may want to consider.

05 Mar 2018

HMRC rejected Self Assessment expenses and excuses

HMRC have released the latest list of imaginative excuses made by individuals who failed to submit their self assessment return by 31 January deadline in 2017.

05 Feb 2018