Factsheet
Advantages of Cloud Accounting
This factsheet covers:
- The main advantages of Cloud Accounting
- Scalability
- Costs
- Transferring existing records
- The right software product to use
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The partners here, both past and present, have been a real inspiration to me and without them, I wouldn’t be where I am.
Jessica Teague
Audit Partner, Ecovis
Chancellor’s Autumn Statement: Employee National Insurance cut by 2% from Jan 6, 2024, benefiting 27 million. Examples show potential savings, e.g., £754 for earnings £12,570 to £50,270.
As of April 1, 2023, UK Corporation Tax: 25% for profits over £250,000, 19% Small Profits Rate for up to £50,000, with marginal relief bridging the gap.
The Enterprise Investment Scheme (EIS) supports smaller trading companies by offering tax reliefs to investors buying new shares. Qualifying criteria include fundraising limits, employee count, and asset values. HMRC’s ‘advance assurance’ service helps businesses ensure eligibility.
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Author: Ben Smith
Published: January 2023
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