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Tax

Be tax ready

Take the stress out of tax time. With the Accountancy Cloud, you have the confidence that your taxes are done right. We’ve built the finance team of the future by combining great people with great technology to bring your books and tax together. CEOs, founders, we will get you through tax season on time and unscathed.

Tax be tax ready

Tax accounting

Tax reduce bill

Reduce your tax bill

With our Making Tax Digital compliant technology, we will help to reduce your tax bills for corporation tax, VAT returns, and more. We handle the whole process. So, skip the paperwork and get back to business.

Tax close round

Close your funding

Our process makes closing your funding round stress-free. Your dedicated finance expert will make sure you’re taking full advantage of the tax schemes available, including R&D credits.

Tax seamlessly synced

Seamlessly synced

Manage your finances all from one place. We bring your tax and bookkeeping together so you can see the bigger picture. With real-time reporting it’s easy to check performance, make adjustments, and spot every deduction.

The Accountancy Cloud came to us at a time when our in house finance controller was leaving, and it took no time for them to pick up the role of managing our international business keeping us compliant with taxes and providing monthly reports.

Helpling

Plan for the future

Our integrated tax planner makes it quick and simple to stay on top of your deadlines. Prioritize your taxes with proactive alerts and health checks, to ensure your business is performing at its best.

Tax plan for the future

Frequently Asked Questions

Our finance team of the future keeps you compliant. Get through tax on time and unscathed.

What does a corporate tax accountant do?

They work with companies of all sizes to manage their records and analyse complex financial information.

What is the difference between financial accounting and tax accounting?

The difference between financial accounting and tax accounting is in the methods used to record sales and purchases based on either accrual or cash. Cash bookkeeping only tracks when money enters or leaves a bank account. Accrual bookkeeping records when the money was earned or owed. Most larger companies use accrual and Accountancy Cloud does accrual from day one so there’s no painful transition later.

What is the best software for making tax digital?

We choose to integrate our platform and services to the cloud, using proven products such as Xero, Quickbooks and Sage.

What is a tax accountant?

Tax accountants help organisations and individuals to optimise their tax efficiency. This mostly relates to day to day tax, but can also involve high level business transactions such as company mergers or acquisitions.

How much does it cost to have an accountant do your taxes?

The key question here is “what am I getting for my money?”.

Some businesses spend 15 hours a month with a cheap accountant who collects and sorts paperwork. This costs SMEs over £10,000 a year in lost revenue. Modern technology can solve this problem. We also provide transparency on our pricing so you don't need to spend a penny more.

How long after year end are corporation tax returns and accounts due?

It’s usually 9 months and one day after the end of the accounting period (and within 21 months of your registration date if it’s your first return). The deadline for your tax return is 12 months after the end of the accounting period it covers. You’ll have to pay a penalty if you miss the deadline. There’s a separate deadline to pay your Corporation Tax bill. It’s usually 9 months and one day after the end of the accounting period.